CoT: Peek Into Future Through Futures

The following are futures positions of non-commercials as of June 7, 2016.  Change is week-over-week. 10-year note: The Bank of Korea on Thursday eased its benchmark interest rate by 25 basis points to a record low 1.25 percent.  The move … Continued

CoT: Peek Into Future Through Futures

The following are futures positions of non-commercials as of May 31, 2016.  Change is week-over-week. 10-year note: On June 14-15, the FOMC meets.  This is the year’s fourth meeting, and there will be four more left after this (July 26-27, … Continued

GLD Cash-Secured Put – Willing To Go Long Near Support

Spot gold potentially had an important session on Tuesday.  Since the May 2nd high of $1,306/ounce through Tuesday’s hammer low, the metal gave back eight percent, in the process losing its now-declining 50-day moving average. The Tuesday low likely came … Continued

CoT: Peek Into Future Through Futures

The following are futures positions of non-commercials as of May 24, 2016.  Change is week-over-week. 10-year note: Was that a yay or nay from Janet Yellen, Fed chair? In an interview at Harvard University on Friday, she said that an … Continued

CoT: Peek Into Future Through Futures

The following are futures positions of non-commercials as of May 17, 2016.  Change is week-over-week. 10-year note: More jawboning this week! Last week, three regional bank presidents – Eric Rosengren (Boston), Loretta Mester (Cleveland), and Esther George (Kansas City) – … Continued

CoT: Peek Into Future Through Futures

The following are futures positions of non-commercials as of May 10, 2016.  Change is week-over-week. 10-year note: Three FOMC voting members were on full jawboning mode on Thursday. Eric Rosengren, Boston Fed president, said markets are underestimating the likelihood of … Continued

Spot Gold Clinging On To Recent Breakout

There is a lot of excitement among non-commercial futures traders about spot gold’s prospects.  In the 12 weeks since February 9th through May 3rd, they nearly tripled net longs in gold futures – from 98,428 to 271,648 contracts – to … Continued

CoT: Peek Into Future Through Futures

The following are futures positions of non-commercials as of May 3, 2016.  Change is week-over-week. 10-year note: Last week, the Bank of Japan shocked markets by not adding to its stimulus program.  The yen jumped 2.4 percent.  This week, the … Continued

S&P 500’s Rejection At May 2015 Downtrend Line Important Development

The S&P 500 large cap index lost 1.3 percent last week.  Intra-day, off the April 20th high through last Friday’s low, it is now down 2.8 percent.  The index retreated after unsuccessfully trying to break out of a declining trend … Continued

CoT: Peek Into Future Through Futures

The following are futures positions of non-commercials as of April 26, 2016.  Change is week-over-week. 10-year note: Two different central-bank meetings, and two different market reactions this week. Haruhiko Kuroda, Bank of Japan governor, has a habit of surprising the … Continued