Wednesday
Aug252010
S&P 1500 Short Interest: Unchanged Since April
Wednesday, August 25, 2010 at 05:57PM With the S&P 500 down more than 13% since its peak in April, one would think that short interest would have surged as investors pile on to the negative sentiment in the markets. A look at recent short interest figures, however, shows that just as there is little conviction in the bull camp, bears are just as apathetic. Since the market peaked back in April, short interest as a percentage of float for the S&P 1500 has barely budged.
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Reader Comments (4)
Short selling has provided good returns since August 9, 2010, when the European Financial Institution Stress Test ended and banks reported earnings.
The world entered into Kondratieff Winter on August 9, 2010, when the currency traders sold the major currencies against the Yen, FXY, as the European Financial Institutions Stress Rally ended.
It was on August 9, 2010 that an Elliott Wave 3 of 3 down commenced in a number of carry trades, the AUD/JPY, being a case in point. The 3 of 3 wave down is the most destructive of all waves: over time, it wipes out, for all practical purposes, all investment wealth.
I provide a listing of 17 ETFs to sell short and 11 ETFs to buy long for a debt deflationary bear market for one’s review.
The chart of solar energy, TAN, compared with LVS, JJT, XHB, XLYS, EUFN, EWP, RZV shows that short selling with these ETFs has been profitable, in that these on average have fallen more than the stock market as a whole.
The chart of 200% the Russell 2000, SJH, compared with EPV, BIS, EWV shows that short selling with these inverse ETFs has provided good returns at low risk.
Great news!
Just wait............., while it gets worse.....
Elliot Wave is BS. Why won't people finally put it to REST!!!