Bulls Tried To Put Foot Down Monday, Major Equity Indices Remain Under 50-Day

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Bulls tried to put foot down on Monday. If they succeed in building on this further, the next tug of war on major indices lies around their respective 50-day, reclaiming of which can even induce short squeeze, particularly in tech. … Continued

A Lot Has To Go Right For Tech Bulls Who Are Hoping For Short Squeeze Of Non-Commercials

posted in: Derivatives, Equities, Technicals | 0

Short squeeze of non-commercials in the futures market was a big factor behind the rally in the S&P 500 since mid-June. These traders have now targeted the Nasdaq 100. This has raised tech bulls’ hopes for a squeeze. But conditions … Continued

After Massive Rally Post-March Lows, Major Equity Indices Falling Under Their Own Weight

The recent selloff in equities has come at a time of elevated Fed balance sheet, stabilizing earnings estimates and improving macro data. Either stocks believe these positives are not lasting or they are falling under their own weight, as they … Continued

CoT: Peek Into Future Through Futures, How Hedge Funds Are Positioned

Following futures positions of non-commercials are as of September 8, 2020. 10-year note: Currently net long 9.5k, up 23k. The FOMC meets this week. After the Tuesday-Wednesday meeting, two more remain this year – November 4-5 and December 15-16. As … Continued

CoT: Peek Into Future Through Futures, How Hedge Funds Are Positioned

Following futures positions of non-commercials are as of September 1, 2020. 10-year note: Currently net short 13.5k, up 85.8k. The 10-year Treasury yield (0.72 percent) remains rangebound between 0.57 percent and 0.74 percent. There was some excitement among bond bears … Continued

CoT: Peek Into Future Through Futures, How Hedge Funds Are Positioned

Following futures positions of non-commercials are as of August 18, 2020. 10-year note: Currently net long 87k, up 81.5k. Last Thursday’s intraday high of 0.73 percent just about tested the upper bound of a five-month range, in which rates went … Continued

CoT: Peek Into Future Through Futures, How Hedge Funds Are Positioned

Following futures positions of non-commercials are as of August 11, 2020. 10-year note: Currently net long 5.5k, down 86.6k. The 10-year treasury yield (0.71 percent) had a strong week, up 15 basis points, but not enough for a range breakout. … Continued

Euro Rallies For 4 ½ Months, Breaks Out Of 12-Year Trend Line, And Runs Into 17-Year Resistance

The euro just broke out of a falling trend line from April 2008.  It has rallied the past four and a half months, pushing the daily and weekly in particular into overbought territory.  In the futures market, non-commercials, in the … Continued

CoT: Peek Into Future Through Futures, How Hedge Funds Are Positioned

Following futures positions of non-commercials are as of August 4, 2020. 10-year note: Currently net long 92.1k, up 18.9k. The Fed’s balance sheet peaked in the week to June 10 at $7.17 trillion, up nearly $3 trillion in three months.  … Continued