After 2 Weeks Of Indecision, Bulls Defend Trendline Support From Last Oct On S&P 500
Equity bears came up short last week, unable to take benefit of an opportunity to put the bulls on the defensive. Momentum remains with the bulls. With the S&P 500 having already rallied... READ MORE
CoT: Peek Into Future Through Futures, How Hedge Funds Are Positioned
Following futures positions of non-commercials are as of March 19, 2024. 10-year note: Currently net short 574k, down 29.5k. It was almost as if Jerome Powell, Federal Reserve chair, did not want equities... READ MORE
Federal Reserve Biased To Cut Rates
Yet again, equity bulls successfully denied bears of an opportunity to build on incipient downside momentum. Action in the last two weeks had given the latter some opening, but the door was slammed... READ MORE
Major US Equity Indices On Trendline Support From Last Oct, Or In Slight Breach, Even As Bears Hit Multi-Year Low
The major US equity indices closed last week either right on or in slight breach of trendline support from last October’s low. Bulls’ mettle is being tested, even as investor sentiment remains too... READ MORE
CoT: Peek Into Future Through Futures, How Hedge Funds Are Positioned
Following futures positions of non-commercials are as of March 12, 2024. 10-year note: Currently net short 603.5k, down 109.7k. Fed funds futures traders are sticking with their outlook for three 25-basis-point cuts this... READ MORE
Bulls Scorn Last Week’s Potentially Bearish Candle On S&P 500, Even As Investors Intelligence Bears Hit 6-Year Low This Week
With two more sessions to go this week, last week’s potentially bearish candle is not yet confirmed on the S&P 500. Concurrently, the bullish view continues to gather momentum as the ratio of... READ MORE
Amidst Pervasive Bullish Sentiment, Signs Of Exhaustion Show Up In US Equity Indices
Amidst ecstatic bullish sentiment, major US equity indices last week exhibited signs of exhaustion. Confirmation is needed, but equity bears may have an opening here – duration and magnitude notwithstanding. Equity bulls are... READ MORE
CoT: Peek Into Future Through Futures, How Hedge Funds Are Positioned
Following futures positions of non-commercials are as of March 5, 2024. 10-year note: Currently net short 713.3k, up 47.7k. Once again, markets are demanding more versus what the Federal Reserve is willing to... READ MORE