Following futures positions of non-commercials are as of May 9, 2017. 10-year note: Currently net long 229.1k, up 49.2k. Back into the nearly six-month range … or near range support, to be precise. Since the election last November, 10-year yields … Continued
Volatility is creating a lot of buzz these days. There is none of it – both implied and actual. Bulls are hurting. Year-to-date, UVXY (ProShares ultra VIX short-term futures ETF) is down 71.6 percent, and VXX (iPath S&P 500 VIX … Continued
Following futures positions of non-commercials are as of May 2, 2017. 10-year note: Currently net long 179.9k, down 34.8k. Pre-FOMC decision this week, futures were pricing in 63 percent odds of a 25-basis point hike in June and 60 percent … Continued
Following futures positions of non-commercials are as of April 25, 2017. 10-year note: Currently net long 214.6k, up 255.9k. Ten-year Treasury yields did indeed test support-turned-resistance at 2.31 percent this week. In fact, they rose all the way to 2.35 … Continued
Breakouts galore! The three U.S. equity indices discussed here all broke out this week in one form or another. The Russell 2000 small cap index and the Nasdaq composite rallied to fresh new highs, even as the S&P 500 large … Continued
Following futures positions of non-commercials are as of April 18, 2017. 10-year note: Currently net short 41.3k, down 23.2k. After dropping last week out of a five-month, 2.62 percent-2.31 percent range, 10-year Treasury yields (2.24 percent) proceeded to drop to … Continued
On major U.S. equity indices, buyers stepped up to the plate just where they needed to. Can they sustain it? From peak to trough, after reaching an all-time high on March 1 (2400.98), the S&P 500 large cap index shed … Continued
Following futures positions of non-commercials are as of April 11, 2017. 10-year note: Currently net short 64.5k, up 8.8k. Ten-year Treasury yields (2.23 percent) are breaking down. Shortly after post-election backup in yields last November, the 10-year began to so … Continued
Wednesday witnessed several potentially important developments in the markets, but the message is not clear-cut. After straddling the 50-day moving average for nearly three weeks, the S&P 500 large cap index lost it yesterday, albeit not by much. This was … Continued
Following futures positions of non-commercials are as of April 4, 2017. 10-year note: Currently net short 55.8k, down 13.9k. Post-FOMC minutes Wednesday, the S&P 500 large cap index reversed hard, shedding 1.1 percent between 2 pm and 3:30 pm. This … Continued