Following futures positions of non-commercials are as of August 23, 2022. 10-year note: Currently net short 381.2k, up 18k. Jerome Powell, Fed chair, in his Jackson Hole speech on Friday, strongly pushed back against any notion of a pivot. Post-July … Continued
Following futures positions of non-commercials are as of April 28, 2020. 10-year note: Currently net short 49.4k, up 15.3k. In the week ended February 11th, non-commercials held 398,919 net shorts in 10-year note futures. On the 12th that month, the … Continued
Following futures positions of non-commercials are as of December 24, 2019 (data was published Monday instead of last Friday due to Christmas holiday). 10-year note: Currently net short 268.7k, up 23.3k. Last Tuesday’s intraday high of 1.95 percent was yet … Continued
Markets have been in dichotomy, with large-caps leading and small-caps lagging. Bulls were hoping the former would pull the latter along. But risks are rising things will evolve the opposite way. It is early, but subtle signs of fatigue are … Continued
Following futures positions of non-commercials are as of October 8, 2019. 10-year note: Currently net short 122.6k, down 41.1k. The 10-year Treasury yield (1.75 percent) put in a higher low. On September 3, rates fell to 1.43 percent, which was … Continued
Following futures positions of non-commercials are as of March 26, 2019. 10-year note: Currently net short 166.3k, up 2.3k. Mid-December last year, the 10-year Treasury rate lost a trend line from July 2016 when it bottomed at 1.34 percent. This … Continued
Following futures positions of non-commercials are as of March 19, 2019. 10-year note: Currently net short 164k, down 12.5k. The Fed Wednesday held interest rates steady at 225-250 basis points. This was expected. What was not expected was the dovish … Continued
Here is a brief review of period-over-period change in short interest in the June 1-15 period in nine S&P 500 sectors. XLB (SPDR materials ETF) Monday, XLB (57.83) bounced off the daily lower Bollinger band. The daily chart is oversold. … Continued
Here is a brief review of period-over-period change in short interest in the March 16-29 period in nine S&P 500 sectors. XLB (SPDR materials ETF) After remaining under the 200-day moving average since March 22, XLB (57.99) retook the average … Continued
Here is a brief review of period-over-period change in short interest in the March 1-15 period in nine S&P 500 sectors. XLB (SPDR materials ETF) During last week’s selling, XLB (57.17) not only lost the 200-day moving average but also … Continued