CoT: Peek Into Future Through Futures

The following are futures positions of non-commercials as of October 11, 2016. 10-year note: In late September, Janet Yellen, Fed chair, said the bank might be able to help the U.S. economy in a downturn if it could buy stocks … Continued

Near Term, Potential Crude Headwind Set To Lock Horns With Earnings Tailwind

Building on the crude theme a week ago, spot West Texas Intermediate crude did indeed break out of a declining trend line drawn from May 2015 (Chart 1).  It rallied 3.3 percent for the week.  For the last eight sessions, … Continued

CoT: Peek Into Future Through Futures

The following are futures positions of non-commercials as of October 4, 2016. 10-year note: Bloomberg ran a story on Tuesday saying the ECB would probably gradually wind down bond purchases before the end of quantitative easing, and that it may … Continued

As Goes Crude Oil, So Go Stocks Near Term

posted in: Commodities, Equities, Technicals | 0

Crude oil sits at a critical juncture.  Depending on which way it breaks probably decides stocks’ path of least resistance near term. Last week, OPEC announced its commitment to cutting output to between 32.5 million barrels per day and 33 … Continued

CoT: Peek Into Future Through Futures

The following are futures positions of non-commercials as of August 23, 2016.  Change is week-over-week. 10-year note: In the Greenspan era, traders did not have to deal with the kind of mixed messages they do today.  Back then, the message … Continued

US Equity Indices Flash Signs Of Fatigue Left And Right

That the green line in Chart 1 is increasingly taking the form of a coiled spring is non-debatable.  That the longer it stays compressed in oversold territory, the higher the odds of a spike higher is non-debatable.  What is debatable … Continued

CoT: Peek Into Future Through Futures

The following are futures positions of non-commercials as of August 16, 2016.  Change is week-over-week. 10-year note: One more prominent central banker this week seemed to throw his hands up in the air. John Williams, San Francisco Fed president, in … Continued

Divergences Abound But Can End With Vengeance

To say that stocks have diverged from a whole host of things ranging from earnings to Treasury bonds to crude oil to economic data is an understatement. This is not some new phenomenon … has been going on for a … Continued

CoT: Peek Into Future Through Futures

The following are futures positions of non-commercials as of August 9, 2016.  Change is week-over-week. 10-year note: Are we beginning to see a chink in central bankers’ armor? Major central banks responded to the financial crisis by aggressively deploying both … Continued