Amid Divergences, QQQ Bulls Last Week Defend 11-Month Support, But Denied At S/T Resistance

There is no shortage of divergences – be it in macro or other assets, including equities.  Major equity indices peaked early this month but put foot down early last week.  Medium term, building on it further can prove difficult.  Overbought … Continued

Having Rallied Huge For 3 Months, Stocks Likely To Get Reality Check Ahead

Stocks rallied for three months in defiance of deteriorating macro data.  By essentially putting an end to the tightening cycle, the Fed is acknowledging this.  Stocks could be the next. What just happened? Many are probably asking that question after … Continued

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

Following futures positions of non-commercials are as of March 12, 2019. 10-year note: Currently net short 176.4k, down 56.9k. Non-commercials continue to cut back net shorts, which late September last year was at a new record.  The 10-year Treasury yield … Continued

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

Following futures positions of non-commercials are as of December 18, 2018. 10-year note: Currently net short 380.8k, down 13k. With pressure growing from diverse quarters, including the White House, to stay pat in this week’s meeting, the Fed went ahead … Continued

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

Following futures positions of non-commercials are as of December 11, 2018. 10-year note: Currently net short 393.8k, up 100.6k. Next week – on 18-19 – the FOMC meets.  This is the last meeting this year.  A 25-basis-point raise is expected, … Continued

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

Following futures positions of non-commercials are as of November 13, 2018. 10-year note: Currently net short 333.2k, down 206k. On October 5, the 10-year rate (3.07 percent) began retreating after touching 3.25 percent – the highest since May 2011.  Thursday … Continued

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

Following futures positions of non-commercials are as of November 6, 2018. 10-year note: Currently net short 539.2k, up 36.3k. In January, the 10-year Treasury rate broke out of 2.62 percent.  Then in September, it took out 2.95 percent, followed by … Continued

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

Following futures positions of non-commercials are as of October 23, 2018. 10-year note: Currently net short 544k, down 71.9k. The 10-year Treasury rate (3.08 percent) shed 12 basis points this week – now down 17 basis points from the intraday … Continued

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

Following futures positions of non-commercials are as of October 16, 2018. 10-year note: Currently net short 616k, down 6.5k. Three weeks ago, non-commercials were net short 756,316 contracts in 10-year Treasury note futures – a record.  They have since reduced … Continued