Last Week – Was It Risk-On Or Risk-Off?

posted in: Commodities, Credit, Equities, Technicals | 0

Post-Brexit two-session sell-off in stocks was a clear risk-off.  The S&P 500 large cap index dropped 5.3 percent in those two sessions.  The subsequent four-session, 5.1-percent surge through last Friday was risk-on.  Risk-off quickly followed by risk-on!  The average investor … Continued

CoT: Peek Into Future Through Futures

The following are futures positions of non-commercials as of June 28, 2016.  Change is week-over-week. 10-year note: On Friday last week and Monday this week, the S&P 500 index lost 5.3 percent, the 10-year Treasury yield lost 29 basis points … Continued

CoT: Peek Into Future Through Futures

The following are futures positions of non-commercials as of June 21, 2016.  Change is week-over-week.  (Please note holdings are prior to non-commercials’ potential Friday reaction post-Brexit win.) 10-year note: There goes any sliver of hope for a rate hike in … Continued

CoT: Peek Into Future Through Futures

The following are futures positions of non-commercials as of June 14, 2016.  Change is week-over-week. 10-year note: In Godfather III, Michael Corleone famously says: “Just when I thought I was out, they pull me back in.” Given the circumstances, this … Continued

CoT: Peek Into Future Through Futures

The following are futures positions of non-commercials as of June 7, 2016.  Change is week-over-week. 10-year note: The Bank of Korea on Thursday eased its benchmark interest rate by 25 basis points to a record low 1.25 percent.  The move … Continued

CoT: Peek Into Future Through Futures

The following are futures positions of non-commercials as of May 31, 2016.  Change is week-over-week. 10-year note: On June 14-15, the FOMC meets.  This is the year’s fourth meeting, and there will be four more left after this (July 26-27, … Continued

Woulda Coulda Shoulda – This Is What Needs To Happen For Sustained Rally In Stocks N/T

posted in: Derivatives, Equities, Technicals | 0

U.S. stocks had a very good week last week. The S&P 500 large cap index rallied 2.3 percent, Dow Industrials 2.1 percent, both Nasdaq 100 index and Russell 2000 small cap index 3.4 percent, among others. The rally comes in … Continued

CoT: Peek Into Future Through Futures

The following are futures positions of non-commercials as of May 24, 2016.  Change is week-over-week. 10-year note: Was that a yay or nay from Janet Yellen, Fed chair? In an interview at Harvard University on Friday, she said that an … Continued

Equity Bulls Better Off Distinguishing Between Near- And Medium-Term

posted in: Derivatives, Equities, Technicals | 0

U.S. equities had a powerful session on Tuesday, followed by another good session on Wednesday.  Volume could have been a little better on major U.S. indices but price spoke loud and clear. The Nasdaq 100 surged 2.1 percent on Tuesday, … Continued

CoT: Peek Into Future Through Futures

The following are futures positions of non-commercials as of May 17, 2016.  Change is week-over-week. 10-year note: More jawboning this week! Last week, three regional bank presidents – Eric Rosengren (Boston), Loretta Mester (Cleveland), and Esther George (Kansas City) – … Continued