CoT: Peek Into Future Through Futures – How Hedge Funds Are Positioned

Following futures positions of non-commercials are as of May 23, 2017. 10-year note: Currently net long 362.5k, up 122.5k. FOMC minutes for the May 2-3 meeting were released Wednesday.  Post-statement, futures priced in 83 percent odds of a 25-basis-point hike … Continued

After Massive Post-Election Rally, XLF Stalls – Risk Of Double Top/Head-And-Shoulders Completion

posted in: Credit, Equities, Technicals | 0

U.S. financials are acting lethargic but they have so far managed to cling on to potentially crucial support. Post-presidential election last November, a fire was lit under U.S. financials. Intraday between November 9 and March 2, XLF, the SPDR financial … Continued

US Dollar Index Under Pressure This Year – Likely Source of Tailwind For U.S. Exports?

posted in: Credit, Currency, Economy, Technicals | 0

U.S. real GDP grew 0.7 percent in 1Q17.  This was the weakest quarter since a negative reading three years ago. The Atlanta Fed’s GDPNow model forecasts growth snapping back to 4.1 percent in 2Q17. Irrespective of quarterly swings, growth remains … Continued

CoT: Peek Into Future Through Futures — How Hedge Funds Are Positioned

Following futures positions of non-commercials are as of May 16, 2017. 10-year note: Currently net long 240k, up 10.9k. Non-commercials nailed it.  In the prior week, they had built net longs to the highest since December 2007, and were rewarded.  … Continued

Foreigners Purchasing U.S. Equities, While Reducing Treasury Holdings

posted in: Credit, Equities, Uncategorized | 0

The S&P 500 large cap index was flat in March.  Foreigners only purchased $876 million worth of U.S. stocks in that month. Of late, they have been more of a tailwind than a headwind. The 12-month rolling total of foreign … Continued

CoT: Peek Into Future Through Futures

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

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