Having Rallied To Right Underneath Jan ‘15 Resistance, TLT Looks Tired N/T

posted in: Credit, Derivatives, Economy, Technicals | 0

April’s retail sales released last Friday were better than expected – up 1.3 percent month-over-month and up three percent year-over-year.  This was the largest m/m increase since March last year. Yet, the Treasury yield curve flattened in that session, with … Continued

Gold is bottoming, only question is duration

posted in: Derivatives, Equities, Technicals | 0

Improvement in gold’s price action in recent sessions Key will be if non-commercials begin to add to net long gold futures Looks to be bottoming, but still tentative; short GLD puts safe way to go for now Gold ($1,187.9) is … Continued

Suppressed money velocity and recent strength in C&I loans

posted in: Economy, Equities | 0

The release of February’s commercial and industrial loan data ensued a lot of excitement.  ‘Finally!’ was the typical reaction.  The $36bn increase (to $1.67tn) was the largest month-over-month rise since October 2008.  March data just came out, and we learn … Continued