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

NYSE, Nasdaq Short Interest Drops Again, But Will Shorts Have Last Laugh?

posted in: Equities | 0

Yet another fortnight and yet another show of strength by equity bulls.  During the March 31st-April 15th period, the S&P 500 large cap index rallied one percent, the NYSE composite 1.5 percent and the Nasdaq composite 1.4 percent, among others. … Continued

FXE Covered Put Instead Of Covering Short

The April 21st European Central Bank (ECB) governing council meeting was anti-climactic. The deposit rate on lenders’ reserves parked at the central bank was maintained at minus 0.4 percent.  As well, Mario Draghi, ECB president, continued his oft-repeated ‘all policy … Continued

S&P 500 Caught Between Squeeze Fuel Running Dry And Imminent Golden Cross

With five sessions to go in April, the Nasdaq 100 index (4474.19) is down 0.2 percent, while the Russell 2000 small cap index (1146.69) is up 2.9 percent.  Last week made a big difference, as the former was down 1.5 … Continued

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