Both the S&P 500 and Nasdaq 100 on Monday broke out of ascending triangle but only to reverse hard lower. That said, bulls have not quite given up yet. They continue to show up at/near shorter-term moving averages. Before this … Continued
Following futures positions of non-commercials are as of November 16, 2021. 10-year note: Currently net short 294.1k, up 26.8k. Minutes for the FOMC meeting on November 2-3 will be out next Wednesday. At the conclusion of the meeting, the Fed … Continued
Following futures positions of non-commercials are as of November 9, 2021. 10-year note: Currently net short 267.3k, down 1.3k. Bond bears (on price) have managed to defend support at low-to mid-1.40s on the 10-year treasury yield. On Tuesday last week, … Continued
There were new highs all around last week. But after having rallied huge in the past month, major equity indices are not sending one uniform message. A reprieve is due, even as volatility is getting ready to perk up – … Continued
Following futures positions of non-commercials are as of November 2, 2021. 10-year note: Currently net short 268.7k, up 153.8k. The 10-year treasury yield has been under pressure since posting a five-month high 1.69 percent on October 22. On Wednesday, as … Continued
We are at that time of the year when buying pressure tends to rise. Bulls seem to be positioning for this. We saw a semblance of this last week. But there is still two months left before the year is … Continued
Following futures positions of non-commercials are as of October 26, 2021. 10-year note: Currently net short 114.8k, up 114.3k. The FOMC meets next week. This is the year’s seventh meeting. After this, one more remain. At the September 21-22 meeting, … Continued
Equity volatility looks to be on the brink of a rally. The only question is if it will sustain higher or momentum will soon peter out as has been the case since its explosion in February-March last year. VIX shed … Continued
Following futures positions of non-commercials are as of October 19, 2021. 10-year note: Currently net short 544, up 156.6k. In the 12 months to August, foreigners purchased $3.8 billion in treasury notes and bonds. As recently as February this year, … Continued
Major US equity indices all had a positive week last week, but with a varying degree of success. The S&P 500 broke out of dual resistance with bullish marubozu on Thursday and Friday, the Russell 2000 was denied at crucial … Continued