Third time is a charm for small-caps? Having tried – and failed – twice to break out of a months-long range, the Russell 2000 small cap index went for a third one last week. Odds favor it meets with the … Continued
Following futures positions of non-commercials are as of May 30, 2017. 10-year note: Currently net long 258.2k, down 104.3k. “If the tension between the progress on employment and the lack of progress on inflation persists, it may lead me to … Continued
The euro looks tired. A pause in a prevailing uptrend or a decent peak? Non-commercial futures traders can potentially decide. Non-commercials have never been as bullish in euro futures since October 2013. As of Tuesday last week, they held nearly … Continued
Following futures positions of non-commercials are as of May 23, 2017. 10-year note: Currently net long 362.5k, up 122.5k. FOMC minutes for the May 2-3 meeting were released Wednesday. Post-statement, futures priced in 83 percent odds of a 25-basis-point hike … Continued
Following futures positions of non-commercials are as of May 16, 2017. 10-year note: Currently net long 240k, up 10.9k. Non-commercials nailed it. In the prior week, they had built net longs to the highest since December 2007, and were rewarded. … Continued
Following futures positions of non-commercials are as of May 9, 2017. 10-year note: Currently net long 229.1k, up 49.2k. Back into the nearly six-month range … or near range support, to be precise. Since the election last November, 10-year yields … Continued
If we just focus on tech stocks for a moment, one gets the impression that it is a very strong market. Right after the November election last year, tech stocks in general lagged. But they came into life as soon … Continued
Following futures positions of non-commercials are as of April 25, 2017. 10-year note: Currently net long 214.6k, up 255.9k. Ten-year Treasury yields did indeed test support-turned-resistance at 2.31 percent this week. In fact, they rose all the way to 2.35 … Continued
The Russell 2000 small cap index once again sits right underneath the upper bound of a five-month range. From the 4th through the 20th in November last year, the Russell 2000 jumped 16.5 percent to 1247.2, rallying every single session … Continued
Following futures positions of non-commercials are as of April 18, 2017. 10-year note: Currently net short 41.3k, down 23.2k. After dropping last week out of a five-month, 2.62 percent-2.31 percent range, 10-year Treasury yields (2.24 percent) proceeded to drop to … Continued