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

Following futures positions of non-commercials are as of Oct 24, 2017. 10-year note: Currently net long 153.6k, up 47.3k. FOMC meets next week.  The October 31-November 1 meeting is the seventh this year, with the eighth, and final, scheduled for … Continued

After Massive Post-Election Rally, XLF Stalls – Risk Of Double Top/Head-And-Shoulders Completion

posted in: Credit, Equities, Technicals | 0

U.S. financials are acting lethargic but they have so far managed to cling on to potentially crucial support. Post-presidential election last November, a fire was lit under U.S. financials. Intraday between November 9 and March 2, XLF, the SPDR financial … Continued

Dollar Index – Likely Focused On Yield Curve – Acts Confused

The US dollar index (cash) acts confused. Later today, it is all but certain that the Fed announces a hike in the fed funds rate.  This would be the third increase since December 2015, when for the first time since … Continued

CoT: Peek Into Future Through Futures

Following futures positions of non-commercials are as of February 14, 2017. 10-year note: On February 15, 10-year yields hit 2.52 percent before retreating.  That high tagged a declining trend line from December 15 when yields hit 2.62 percent intraday.  This … 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

Bulls On Back Foot, Bears’ Growl Getting Louder

posted in: Economy, Equities, Technicals | 0

2134.72. That is the all-time record the S&P 500 Index (1948.86) notched on May 20.  It is possible in the annals of stock market history this high will be viewed with the same level of trepidation/respect as 1553.11 (March 2000 … Continued

IWM Weekly Covered Call — Again

posted in: Derivatives, Equities, Technicals | 0

It is damage control time for small-cap investors. When on August 14 August 21st weekly 119 puts were hypothetically sold for $0.92, IWM, the iShares Russell 2000 Index, was trading at $119.62.  If the short put got assigned, it was … Continued

Covered Call On IWM After Bloody Week

posted in: Derivatives, Equities, Technicals | 0

After last week’s bloodbath in stocks, Friday brought a small consolation for small-cap investors.  Maybe. During the week, IWM, the iShares Russell 2000 ETF, lost major support – which is three percent away.  The 118-119 support goes back to March last … Continued

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