Gold has had a nice rally since early October, and is extended on both daily and weekly charts. It is also at dual resistance. Near term, recent longs can get tempted to lock in profit. Spot gold ($1,288.40/ounce) looks tired. … Continued
It is probably not coincidental that US stocks and Treasury yields peaked together early October. The 10-year rate is right near support and has room to rally near term. This should bode well for equity bulls who last week put … Continued
Following futures positions of non-commercials are as of September 18, 2018. 10-year note: Currently net short 684.7k, up 2k. The 10-year Treasury rate (3.07 percent) has once again reached a battle zone. The last time these notes yielded just north … Continued
Following futures positions of non-commercials are as of September 11, 2018. 10-year note: Currently net short 682.7k, down 73. The 10-year Treasury rate (2.99 percent) rose from 2.81 percent on August 22 to Friday’s high of three percent. At least … Continued
Here is a brief review of period-over-period change in short interest in the July 2-13 period in nine S&P 500 sectors. XLB (SPDR materials ETF) After defending support at $57-plus late June, XLB ($58.72) subsequently rallied past both 50- and … Continued