COT Report To Be Published On Mon
Due to Veterans Day holiday, the CFTC will release the Commitment of Traders report for the week through November 8 on Monday the 14th. Thanks.
Locking in GLD Gains
Back on October 4, spot gold collapsed 3.3 percent. The one-day decline probably owed more to technicals than to fundamentals. From the December 3rd low of $1,045.4/ounce through the July 6th high of $1,377.5, the metal rallied nearly 32 percent. … Continued
CoT: Peek Into Future Through Futures
Following futures positions of non-commercials are as of November 1, 2016. 10-year note: The 10-year yield (cash) has been trapped in a descending channel for the past three decades, having peaked at 15.8 percent in September 1981. From the July … Continued
Russell 2000 Cracks, S&P 500 Hangs Tough To Cling On To Make-Or-Break Support
Last week, the Russell 2000 small cap index dropped 2.5 percent. The decline was much bigger versus what other major U.S. peers were handed out, with the S&P 500 large cap index down 0.7 percent, Nasdaq composite down 1.3 percent … Continued
US Dollar Index Right At Resistance – Risk/Reward Favors UUP Shorts
Last Friday, the first print of 3Q16 GDP was published. Real GDP grew at an annualized rate of 2.9 percent. Inventory contributed 0.61 percent to this growth, snapping five consecutive quarters of negative contribution. Similarly, exports’ contribution jumped to 1.17 … Continued
CoT: Peek Into Future Through Futures
The following are futures positions of non-commercials as of October 25, 2016. 10-year note: Rates are rising. From 1.34 percent on July 6 this year to 1.88 percent on Friday, the 10-year Treasury yield has come a long way. In … Continued
Momentum Intact on US Dollar Index, But Looking For Signs Of Fatigue
Having rallied seven-plus percent in the past five months, there is a spring in the US dollar index’s step, but it is unlikely to break out of a year-and-a-half range any time soon. The two-year Treasury yield tends to be … Continued
CoT: Peek Into Future Through Futures
The following are futures positions of non-commercials as of October 18, 2016. 10-year note: Both China and Japan reduced their holdings of Treasury notes and bonds in August – the former by a whopping $33.7 billion and the latter by … Continued
GLD Weekly Short Put After Gold Gets Hammered
Gold bugs were simply swamped with an avalanche of sell orders on Tuesday, with spot gold losing 3.3 percent. This was probably in the making. Ever since spot gold peaked at $1,377.5/ounce on July 6 this year, it had been … Continued
CoT: Peek Into Future Through Futures
The following are futures positions of non-commercials as of September 27, 2016. 10-year note: Once again, Mario Draghi, ECB chief, urged Eurozone governments to complement central-bank action. He was speaking before the European parliament on Monday. Mr. Draghi said there … Continued