Cut resistant yarns suitable for knitting gloves and sleeves and methods of making the yarns are disclosed. The yarns are made up of a bundle of continuous filaments formed of a synthetic material, e.g., polyethylene, polypropylene, nylon or polyolefin, and a stretchable yarn, e.g., Spandex® or Lycra®. The yarns are made in such a manner that when completed the continuous filaments are substantially parallel to one another and to the longitudinal axis of the yarn so that items made from them will not twist or curl up, yet will provide good resistance to cutting.