Major US equity indices are once again under pressure, likely eyeing recent lows. In the event they are not breached, options can offer an opportunity for nimble traders. Bears were looking at decent odds to get aggressive last week. The … Continued
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
After a decent rally in equities last week, this week has on the docket several potentially market-moving events – from FOMC meeting to mid-term elections to China trade. Longs can think of selling some covered calls. Last week, two separate … Continued
Following futures positions of non-commercials are as of October 30, 2018. 10-year note: Currently net short 502.8k, down 41.2k. The 10-year Treasury rate continues to trade in a no-man’s land. Sort of. On October 5, it began retreating after touching … Continued
VIX continues to struggle to take out its high from 13 sessions ago, even as major equity indices dropped to fresh lows yesterday. Non-commercials in the meantime are actively covering their net shorts. At least near term, there is room … Continued
The ongoing selloff in equities has been quick and painful – similar to what transpired in February this year. Back then, once stocks bottomed, they proceeded to rally strongly. Will the current selloff evolve the same way? Too early to … Continued
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
US stocks are trying to stabilize after a decent drawdown. How things evolve will depend a lot on how margin debt, money-market fund assets and foreigners’ purchases evolve in the weeks/months to come. After a seven-session, 7.8-percent decline intraday between … Continued
After a rough two-week selloff, major US equity indices last week saw both bulls and bears try to put their foot down. The former put up a good show early in the week but the latter grabbed the first opportunity … Continued
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