XLE Weekly Covered Call Post-Buy Write

Oil bulls can take heart.  Maybe. Spot West Texas Intermediate crude ($37.07/barrel) is likely on the verge of a 10/20 (daily moving average) crossover.  The crude has more or less been going sideways/slightly up the past couple of weeks, and … Continued

CoT: Peek Into Future Through Futures

The following are futures positions of non-commercials as of December 22, 2015.  Change is week-over-week.  (Due to Christmas last week, the CFTC released numbers on Monday, instead of last Friday.) 10-year note: The Chicago Fed’s National Financial Conditions Index (NFCI) … Continued

U.S. Stocks’ Near-Term Path Uncertain, But Outlook Cloudy Medium- To Long-Term

For the second consecutive year, U.S. stocks are struggling to get traction in December.  Month-to-date, the S&P 500 large cap index is down 0.9 percent.  December last year was down 0.4 percent. In fact, before trading began last week, the … Continued

SPY Weekly Short Put — Willing To Go Long Near Support

December thus far has been uncharacteristically quiet.  And that is putting it nicely.  U.S. stocks have failed to get seasonal traction this month.  So far. There are eight sessions remaining before the year is out.  So there is hope. Since … Continued

CoT: Peek Into Future Through Futures

The following are futures positions of non-commercials as of December 15, 2015.  Change is week-over-week. 10-year note: Call it ‘dovish’ or ‘hawkish’, the Fed finally followed through on its first hike in nine years.  The fed funds rate stayed zero-bound … Continued

CoT: Peek Into Future Through Futures

The following are futures positions of non-commercials as of December 8, 2015.  Change is week-over-week. 10-year note: Until Thursday, the two-year Treasury note yielded 0.95 percent, near recent highs of 0.96 percent.  Come Friday, it dropped seven basis points, to … Continued