Traders are positioning for a Santa rally, but they are trying to play it safe. Intraday over the last six sessions, VIX (9.58) collapsed five points, in the process also losing shorter-term moving averages, as well as the 50- and … Continued
Following futures positions of non-commercials are as of December 5, 2017. 10-year note: Currently net long 14.3k, down 109.6k. On Tuesday next week, a two-day FOMC meeting begins. This is the eighth – and last – meeting this year. A … Continued
Once Again, a rally in VIX was used as an opportunity to sell – sell hard. Last Friday, in the wake of the Michael Flynn news, VIX shot up to 14.58 intraday but only to end the session up 0.15 … Continued
Following futures positions of non-commercials are as of Nov 28, 2017. 10-year note: Currently net long 123.9k, up 12.9k. The U.S. economy is in its ninth year of recovery. Post-Great Recession, real GDP has grown at an average 2.2 percent. … Continued
Following futures positions of non-commercials are as of Nov 21, 2017. 10-year note: Currently net long 111.1k, up 36.2k. “In light of elevated asset valuations and low financial market volatility, several participants expressed concerns about a potential buildup of financial … Continued
Major U.S. stock indices rallied to fresh new highs last week. Even small-caps, which until recently had been lagging their large-cap brethren, joined the party. With seasonality in their favor, will the bulls be able to build on this or … Continued
Following futures positions of non-commercials are as of Nov 14, 2017. 10-year note: Currently net long 74.8k, up 24.8k. The dichotomy continues. At 1.73 percent, two-year T-yields, which reflect markets’ expectations for the Fed’s monetary policy, are the highest since … 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
Following futures positions of non-commercials are as of Oct 31, 2017. 10-year note: Currently net long 2.7k, down 150.9k. So Jerome Powell, current Fed governor, it is – the next chair. He is supposedly a dove – along the lines … Continued
Following futures positions of non-commercials are as of Oct 24, 2017. 10-year note: Currently net long 153.6k, up 47.3k. FOMC meets next week. The October 31-November 1 meeting is the seventh this year, with the eighth, and final, scheduled for … Continued