Rally Possible – Question Is, Will It Begin Right Around Here Or From Lower Level?

posted in: Derivatives, Equities, Technicals | 0

Major U.S. equity indices are at/approaching their respective 200-day moving average, even as they have pushed into oversold territory. At last Friday’s lows, the S&P 500 large cap index came within 0.03 percent of that average, the Russell 2000 small … Continued

CoT: Peek Into Future Through Futures

Following futures positions of non-commercials are as of November 1, 2016. 10-year note: The 10-year yield (cash) has been trapped in a descending channel for the past three decades, having peaked at 15.8 percent in September 1981. From the July … Continued

CoT: Peek Into Future Through Futures

The following are futures positions of non-commercials as of October 25, 2016. 10-year note: Rates are rising.  From 1.34 percent on July 6 this year to 1.88 percent on Friday, the 10-year Treasury yield has come a long way.  In … Continued

CoT: Peek Into Future Through Futures

The following are futures positions of non-commercials as of October 18, 2016. 10-year note: Both China and Japan reduced their holdings of Treasury notes and bonds in August – the former by a whopping $33.7 billion and the latter by … Continued

CoT: Peek Into Future Through Futures

The following are futures positions of non-commercials as of October 11, 2016. 10-year note: In late September, Janet Yellen, Fed chair, said the bank might be able to help the U.S. economy in a downturn if it could buy stocks … Continued

CoT: Peek Into Future Through Futures

The following are futures positions of non-commercials as of October 4, 2016. 10-year note: Bloomberg ran a story on Tuesday saying the ECB would probably gradually wind down bond purchases before the end of quantitative easing, and that it may … Continued

CoT: Peek Into Future Through Futures

The following are futures positions of non-commercials as of September 20, 2016. 10-year note: A steeper yield curve is typically associated with a strengthening economy.  So when the Bank of Japan says it will target a steeper yield curve, what … Continued

CoT: Peek Into Future Through Futures

The following are futures positions of non-commercials as of September 13, 2016.   10-year note: More and more, we are beginning to hear from commentators – both professional and in media – that major central banks are increasingly hesitant about … Continued

CoT: Peek Into Future Through Futures

The following are futures positions of non-commercials as of September 6, 2016.   10-year note: Is the ECB reaching the end of the stimulus rope?  This is not a consensus thinking, but the bank may very well be trying to … Continued