Dollar index signaling it is ready to at least pause? Stronger $ will adversely impact both exports and earnings Fed can ill afford to send hawkish signal post-FOMC on Wednesday Over the past three sessions, this is how the U.S. … Continued
The following are futures positions of non-commercials as of March 10. Change is week-over-week. 10-year note: 10-year yields shed another 13 basis points in the week. Nonetheless, note owners continued to sell near 2.04 percent. And these traders, in agreement, … Continued
The following are futures positions of non-commercials as of March 3. Change is week-over-week. 10-year note: They continued to add to net shorts, and it has so far backfired. Post-jobs report Friday, the 10-year yield shot up 13 basis points. … Continued
’15 growth in revenue/earnings expected to decelerate for most S&P 500 sectors Signal from options market points to probable pressure ahead for equities S&P 500 looks set to at least test if recent breakout was genuine At first glance, U.S. … Continued
The following are futures positions of non-commercials as of February 24 (Tuesday). Change is week-over-week. 10-year note: Non-commercials are doing it again. They increased net shorts by 63 percent in the latest reporting period. Turns out they picked a wrong … Continued
Contrary message from U.S. dollar and bonds as to prospects for interest-rate hike by Fed Latest Humphrey-Hawkins testimony shows Chair Janet Yellen leaning dovish Hedge funds are neck-deep in bullish dollar bets, expecting higher rates Currency and bond markets are … Continued
North American oil rig count drops 37 percent in four months Historically, oil inventory has tended to peak well after peak in rig count WTI unable to take out $53.50-$54 resistance; near-term, path of least resistance down One of the … Continued
The following are futures positions of non-commercials as of February 17 (Tuesday). Change is week-over-week. 10-year note: The 10-year yield had been trending down within a channel since it peaked on December 30, 2013 at three percent. Early this year, … Continued
Equities are choppy. The S&P 500 large cap index (2099.68) is essentially flat for the week. Participation is thin. Volume is anemic. Fresh on the heels of last week’s breakouts, indices are trying to build on those gains. But conviction … Continued
Amidst deteriorating U.S. earnings picture and geopolitical uncertainty, stocks resilient Major indices break out, but how much buying power did bulls expend? Breakouts deserve respect, unless they are proven false Are U.S. equities trying to tell us something? Almost out … Continued