CoT: Peek Into Future Through Futures

The following are futures positions of non-commercials as of April 19, 2016.  Change is week-over-week. 10-year note: That this is even being discussed in the press and among economists is a sign of how insane things have gotten in central … Continued

Repercussions If WTI Is Able To Build On Monday’s Huge Intra-Day Reversal

Quite an anti-climax!  Sunday’s Doha oil talks, that is.  Even more so is how markets reacted on Monday. The much-hyped and much-hoped-for agreement for an output freeze/cut failed to materialize.  Crude oil had rallied strongly into these talks, so a … Continued

S&P 500 Stages Yet Another Breakout — Although Feebly — Likely Wouldn’t Hold

In early April, the S&P 500 (2080.73) is rejected by a July 2015 declining trend line.  After a subsequent slight pullback, the index reenergizes itself and goes for that resistance again.  Last Thursday, it succeeds (Chart 1).  But is the … Continued

CoT: Peek Into Future Through Futures

The following are futures positions of non-commercials as of April 12, 2016.  Change is week-over-week. 10-year note: Glass half full or half empty? Yet again, the IMF issued a downward revision to its prediction for global GDP growth, cutting 2016 … Continued

CoT: Peek Into Future Through Futures

The following are futures positions of non-commercials as of April 5, 2016.  Change is week-over-week. 10-year note: The FOMC minutes for the March 15-16 meeting were released this week, and there was nothing substantially new. That said, maybe because FOMC … Continued

Can Spot Gold Break Free Of Descending Triangle Pattern It Is In?

Spot gold is at a critical juncture. Since the metal troughed on December 3rd last year through the March 11th high, it rallied 23 percent.  Even before that high, gold had been in a sideways pattern since it spiked 4.1 … Continued

CoT: Peek Into Future Through Futures

The following are futures positions of non-commercials as of March 29, 2016.  Change is week-over-week. 10-year note: The back and forth between the two camps within the FOMC continues.  Last week, several members used public forums to express hawkish opinion … Continued

Dollar In Fed’s Bull’s Eye – Dollar Index Primed To Rally Near Term?

“Manufacturing and net exports have continued to be hard hit by slow global growth and the significant appreciation of the dollar since 2014… Low oil prices have also resulted in large-scale layoffs in the energy sector and adverse spillovers to … Continued

Big Stock Move Upon Us? Why Profits/Buybacks Likely Hold Key

Is the S&P 500 index (2035.94) resting or struggling at resistance? Either way, the rather lethargic action the past few sessions is not completely out of the ordinary given the move it has had off February 11th lows.  From low … Continued