CoT: Peek Into Future Through Futures

The following are futures positions of non-commercials as of August 30, 2016.  Change is week-over-week. 10-year note: Prior to this week, after hawkish comments from several FOMC members, it looked like the August jobs report was the sole make-or-break data … Continued

CoT: Peek Into Future Through Futures

The following are futures positions of non-commercials as of August 23, 2016.  Change is week-over-week. 10-year note: In the Greenspan era, traders did not have to deal with the kind of mixed messages they do today.  Back then, the message … Continued

US Equity Indices Flash Signs Of Fatigue Left And Right

That the green line in Chart 1 is increasingly taking the form of a coiled spring is non-debatable.  That the longer it stays compressed in oversold territory, the higher the odds of a spike higher is non-debatable.  What is debatable … Continued

CoT: Peek Into Future Through Futures

The following are futures positions of non-commercials as of August 16, 2016.  Change is week-over-week. 10-year note: One more prominent central banker this week seemed to throw his hands up in the air. John Williams, San Francisco Fed president, in … Continued

Divergences Abound But Can End With Vengeance

To say that stocks have diverged from a whole host of things ranging from earnings to Treasury bonds to crude oil to economic data is an understatement. This is not some new phenomenon … has been going on for a … Continued

CoT: Peek Into Future Through Futures

The following are futures positions of non-commercials as of August 9, 2016.  Change is week-over-week. 10-year note: Are we beginning to see a chink in central bankers’ armor? Major central banks responded to the financial crisis by aggressively deploying both … Continued

Breakout On Major U.S. Indices Fizzles Or Sizzles To Blow-Off Top?

Breakouts galore in U.S. equity indices! The S&P 500 large cap index broke out to a new all-time high on July 11th, and has since made several more highs.  The breakout came after having gone sideways since essentially February 2015 … Continued

CoT: Peek Into Future Through Futures

The following are futures positions of non-commercials as of August 2, 2016.  Change is week-over-week. 10-year note: Mixed messages from two major central banks! On Friday last week, Haruhiko Kuroda, BoJ governor, decided not to live up to markets’ lofty … Continued

CoT: Peek Into Future Through Futures

The following are futures positions of non-commercials as of July 26, 2016.  Change is week-over-week. 10-year note: The Fed stopped short of signaling a rate hike near term.  That said, the statement also said “near-term risks to the economic outlook … Continued