Boiler Room: The Official Stock Market Discussion

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Ohene

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Futuristic Eskimo said:
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just hope this earning season is as bad as some of these fukkboy analysts are predicting breh. If its decent...this shyt is flying

shyt can turn from a double top to ascending triangle pattern real quick
 
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Futuristic Eskimo

Futuristic Eskimo

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Asantehene said:
just hope this earning season is as bad as some of these fukkboy analysts are predicting breh. If its decent...this shyt is flying

shyt can turn from a double top to ascending triangle pattern real quick
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Looking at forward P/Es, it seems as though the market has already priced in an earnings season that is ahead of estimates. More downside here than upside IMO
 
Domingo Halliburton

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from BofA:

Hedge funds increasing buying in small-caps, NASDAQ stocks and crude oil while narrowing short euro exposure, according to the Bank of America Merrill Lynch Hedge Fund Monitor for the week ended April 10.

The diversified hedge fund index rose 0.7% for the first week of the second quarter, the strongest weekly return so far in 2015. However, the index underperformed the S&P 500 for the period, which was up 1.1% on a price returns basis. Equity long/short strategies took top honors, up 1.1%, while market neutral was at the bottom, down 0.4%.

BofAML said that market neutral funds market exposure decreased to -4% net short from 1% net long. Equity Long/Short market exposure increased to 39% net long from 33% net long, and is now in line with the 35-40% benchmark level.

Macro hedge funds decreased their long S&P500 and NASDAQ exposure. They increased their long exposure to the U.S. dollar and increased their short exposure to 10-year Treasury bonds. They also decreased their short commodities exposure. Additionally, they increased their small cap tilt. Overseas, they increased their short EM and EAFE exposure.

Commodity Futures Trading Commission data for the week shows hedge funds rotating across asset classes. Specs decreasing their net short positioning in the Russell 2000 to the smallest in a year, while adding to their net NASDAQ net long positioning. Net NASDAQ longs have increased in seven of previous nine weeks, and technical indicators suggest buying in both may continue, BofAML said in the report.

Metals specs bought increased their net long positioning in gold for a third consecutive week and following seven weeks of strong selling. Meanwhile, copper shorts were unchanged after having narrowing for the past seven weeks. BofAML’s indicators suggest gold longs and copper shorts may increase.

Large energy specs bought crude oil for a second week, increasing net long positioning. The pace of buying was strongest in six months. Overall positioning, however, remains stretched to the downside. Here as well, BofAML notes that technical indicators suggest buying should continue.

FX Specs bought euro contracts to decrease net short positioning after four weeks of selling. Specs increased their net short position in the Japanese yen while also selling Australian dollar contracts at the strongest pace in more than six months, increasing net short positioning.

Ag specs bought soybeans and wheat, decreasing the net short positions, but sold corn to lower net long positioning. Both MAA and technicals suggest selling looms in both wheat and corn.

Interest-rate specs sold 2-year Treasury contracts after four weeks of strong buying, which had increased net long positioning to the largest level in more than two years. They also sold 10-year Treasury contracts, which increased net shorts. Technicals suggest remaining bullish, according to BofAML.
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