5 best Daily Charts and Insights: Certainly this must be bullish, right? RIGHT?

AfraSimon
11-10

1. Equity futures positioning

Non-dealer positioning in US equity futures is approaching the late-2024 peak.

2. Levered ETF AUM

Levered/inverse ETF AUM just under $140B, down $55B over the past 20 days, and gross exposure down $135B over the same stretch, which should mean less forced buying and selling on big index moves.

3. VXN reversals

Certainly this must be bullish, right? RIGHT?

VXN - the $Cboe Volatility Index(VIX)$ for $Invesco QQQ(QQQ)$ - has already dropped from over-38 to under-30 (at any point during the day) within three trading sessions.

Please enjoy the next day returns as well as the worst draw down over the next 5 trading days.

4. NVDA vs. SOX

Today's 6.9% gain for $Philadelphia Semiconductor Index(SOX)$ was its largest on record on a $NVIDIA(NVDA)$ down day.

5. US forward earnings

Forward earnings for the S&P 500 $S&P 500(.SPX)$ , S&P 400, and S&P 600 all rose to record highs again last week. Earnings strength remains broad.


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