Small-Cap Bulls Defend Support Again, Staring At Tons Of Resistance Above

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Determined not to let go of nearly four-month support, small-cap bulls once again stepped up to the plate Monday. From down 1.4 percent intraday to close the session up 0.2 percent, the Russell 2000 small cap index initially got pushed … Continued

CoT: Peek Into Future Through Futures

Following futures positions of non-commercials are as of March 21, 2017. 10-year note: Currently net short 100.4k, down 94k. In a Tuesday speech this week, Loretta Mester, president of the Cleveland Fed, said this: “If economic conditions evolve as I … Continued

Russell 2000 At Bottom End Of Range – Likely Gives Way

Did U.S. small-caps lead or lag in the past four months?  Depends on the timeframe. Post-November 8 election through the March 1 all-time high, the Russell 2000 small cap index rallied 18.4 percent.  Year-to-date through that record high, it tacked … Continued

Flatter Yield Curve Makes Fed’s Job Harder – Rally In Financials In Limbo

Ten-year Treasury yields are not going along with the Fed’s tightening posture.  This could be because of a technical reason or yields could be sending an ominous message. Yields reached a historic low 1.34 percent last July, and have been … Continued

CoT: Peek Into Future Through Futures

Following futures positions of non-commercials are as of March 14, 2017. 10-year note: Currently net short 194.4k, down 104.1k. Equities up. Gold up.  The US dollar index down.  Ten-year Treasury yields down.  This is how markets reacted to Wednesday’s FOMC … Continued

WTI Crude Resolves 12-Week Consolidation With Breakdown – Non-Commercials’ Next Move Crucial

Spot West Texas Intermediate crude had a lousy last week, collapsing 9.1 percent as well as losing both 50- and 200-day moving averages. On a closing basis, it also lost the rising trend line from the lows of February last … Continued

CoT: Peek Into Future Through Futures

Following futures positions of non-commercials are as of March 7, 2017. 10-year note: The Janet Yellen-led Fed – and the one led by her predecessor Ben Bernanke – believe in the wealth effect.  Since the financial crisis, anytime equities came … Continued

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