Commodities

“Smart Money” Gets Bearish Silver Futures In Size!

Commercial Hedgers just hit their most extreme net short position ever in silver futures. Just 5 weeks ago, on March 28, we noted that the so-called “smart money” commercial hedgers had reached their largest net short position in silver futures in more than a decade (i.e. bearish silver futures). Well, for…

A Crude Awakening: Inside The Bullish Trend For Oil Prices

Our analysis suggested shorting crude oil futures in July 2014 with a break of $101.95 and our model remained short for 6 quarters. On January 20, 2016 (9:43 am) we notified our followers about a potential bottom in oil prices on Twitter: “Using multiple methods, ~$22 seems to be the price…

COT Report Data: Market Volatility Ticking Higher

The following is a recap of the April 29 COT Report (Commitment Of Traders) released by the CFTC (Commodity Futures Trading Commission) looking at COT report data and futures positions of non-commercial holdings as of April 26. Note that the change in COT report data is week-over-week. This blog post originally appeared…

S&P 500 Futures Under Pressure Again: Can 2046 Hold?

S&P 500 futures outlook for May 3, 2016 – Another bounce has failed with downside motion so our eyes now turn to support around 2052, then a bigger level at 2046. At the time of this writing, S&P 500 futures are holding near 2060, but under negative momentum. The next lower support…

Stock Market Outlook: Is The VIX Signaling Trouble?

April 29 Stock Market Outlook and Technical Review Here’s a look at some key stock market indicators, charts, and themes that we are watching: Does It Seem Like We Have Been Here Before? The more stocks move around, the more the S&P 500 seems to be standing still. A conundrum…

Stock Market Futures Decline As Pressure Mounts

April 29 stock market futures outlook – After a bounce off support in the morning, stock market futures reversed lower again to retest support. The recent drift in motion suggests that further downside into lower support is quite likely. 2064.5 to 2060.5 – then comes 2054.5, 2051.5 to 2046, and…

S&P 500 Futures Update: Markets Chop In Wait Of Fed

Outlook for S&P 500 futures April 26 – Waiting on the Fed – The Federal Open Market Committee (FOMC) is set to release a statement tomorrow, and in the meantime, the stock market indices are holding support regions into the announcement. Our overhead resistance levels for S&P 500 futures remain the…