Gold shows nice price action, just broke past $1,300/ounce, and has room to rally further, particularly if non-commercial futures traders continue to keep the faith and/or the U.S. dollar weakens further. Most recently, the yellow metal bottomed at $1,238.30 on … Continued
Non-commercial futures traders tend to be trend followers, and do a pretty good job of it except at inflection points. Chart 1 plots these traders’ holdings in Russell 2000 mini-index futures (ICE and CME combined) with the cash. The two … Continued
Following futures positions of non-commercials are as of December 26, 2017. 10-year note: Currently net short 83.7k, up 39.4k. No one said a breakout of this significance would be easy. Last week, 10-year yields closed right underneath a three-decade-old descending … Continued
Here is a brief review of period-over-period change in short interest in the December 1-15 period in nine S&P 500 sectors. XLB (SPDR materials ETF) XLB (60.37) continued to grind higher all along the daily upper Bollinger band, rising to … Continued
Here is a brief review of period-over-period change in short interest in the November 16-30 period in nine S&P 500 sectors. XLB (SPDR materials ETF) In a shooting star session on December 4, XLB (59.51) rose to a new all-time … Continued
Unless momentum changes swiftly, the tech-dominated Nasdaq 100 index once again is beginning to lag, creating opportunities for nimble traders. The Nasdaq 100 has come a long way. It is up nearly 29 percent this year – much more than … Continued
Here is a brief review of period-over-period change in short interest in the November 1-15 period in nine S&P 500 sectors. XLB (SPDR materials ETF) XLB (59.14) peaked at 59.62 on October 26. The bears were able to push the … Continued
Small-caps have sprung back to life in recent sessions. Since peaking at 1514.94 on October 5 through the intraday low of 1454.17 last Wednesday, the Russell 2000 small cap index (1503.40) shed four percent. It was a slow drip-drip move … Continued
Following futures positions of non-commercials are as of Nov 7, 2017. 10-year note: Currently net long 50.1k, up 47.3k. It was yet another instance of 10-year Treasury yields wilting well before even getting close to 2.6 percent. Are they sending … Continued
Here is a brief review of period-over-period change in short interest in the October 16-31 period in nine S&P 500 sectors. XLB (SPDR materials ETF) XLB (58.20) peaked at 59.62 on the 26th. There are signs of distribution of late. … Continued