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

Following futures positions of non-commercials are as of May 28, 2019. 10-year note: Currently net short 376.2k, down 47.2k. Where is the bottom? The 10-year Treasury yield (2.14 percent) last Thursday sliced through support at 2.36 percent.  This week, it … Continued

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

Following futures positions of non-commercials are as of May 21, 2019. 10-year note: Currently net short 423.4k, up 70.5k. There goes that support.  Thursday’s 10-basis-point drop in the 10-year Treasury yield (2.32 percent) sliced right through nine-year support at 2.40 … Continued

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

Following futures positions of non-commercials are as of May 14, 2019. 10-year note: Currently net short 352.8k, up 22.3k. Last October, the 10-year Treasury yield (2.39 percent) peaked at 3.25 percent before coming under sustained pressure.  It bottomed at 2.36 … Continued

Fri’s Reversal Plus VIX Spike Reversal Raise Likelihood Of Rangebound Action N/T

posted in: Derivatives, Equities, Technicals | 0

Major US equity indices took a beating last week, but, thanks to Friday’s reversal, they closed substantially off their lows, defending crucial support and the 50-day.  Concurrently, VIX suffered a spike reversal.  It is equity bulls’ ball to lose near … Continued

Opportunity For Small-Cap Bulls To Forge Crucial Breakout – Can They Deliver?

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The Russell 2000 closed Friday right at, or slightly past, crucial resistance.  If bulls succeed in decisively take out this ceiling, risk-on sentiment can rise.  Failure to do so can lead longs, who are sitting on handsome gains, to lock … Continued

Non-Commercials’ Record Bet On Lower VIX Could Get Vindicated N/T If Russell 2k Reclaims 1600

Inventory burn likely weighs on growth in future quarters, casting doubt on the sell-side’s expectations for a pick-up in earnings growth momentum as the year progresses.  This is a medium- to long-term issue.  Near term, recapturing of 1600 on the … Continued

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

Following futures positions of non-commercials are as of April 23, 2019. 10-year note: Currently net short 323.8k, up 48.1k. After getting rejected at 2.61 percent Wednesday last week, the 10-year Treasury yield (2.51 percent) went after that level again this … Continued