Currencies

COT Report Spec Positioning: Record Net Longs In Crude Oil

The following are charts and data showing non-commercial futures trading positions as of November 14, 2017. This data was released with the October 17 Commitment of Traders Report (CoT). Note that these charts also appeared on my blog. The 4 charts below look at non-commercial futures trading positions for Crude Oil, Gold, and…

British Pound Decline Set For Another Wave Lower

As the U.S. Dollar spent the past several years working upward in an impulsive wave, so too has the British Pound (CURRENCY:GBP) cross been declining impulsively. We believe both markets can travel further after the 2017 pullback structures are complete. Right now there might be an opportunity to catch a…

S&P 500 Weekly Market Outlook: The Rally Is Out Of Sync

In this week’s investing research outlook, we examine current trends for the S&P 500 Index (INDEXSP:.INX) and Russell 2000 (INDEXRUSSELL:RUT), while checking in on stock market breadth and investor sentiment indicators. We’ll also discuss current themes and news that we are watching in the financial markets. Here’s our summary of our findings for the week ending…

Is The US Dollar Forming A Long-Term Bullish Flag Pattern?

This past year has seen the US Dollar Index (CURRENCY:USD) slide nearly 10 percent. And this action has brought out the Dollar bears. But could this all be part of a very bullish chart pattern? If so, the US Dollar could be headed much higher. The chart pattern that I…

USD/JPY Currency Chart: Is Elliott Wave 2 Over?

I’ve been watching the US Dollar Index (CURRENCY:USD) and Japanese Yen (CURRENCY:JPY) for many years.  And I’ve had several trading run-ins with the USD/JPY. Those who follow me know that my current working thesis is that the Dollar/Yen currency pair put in a major bottom. So where are we now? My…

The COT Report: Stocks Overheating, Gold Oversold

The following are charts and data showing non-commercial futures trading positions as of October 3, 2017. This data was released with the October 6 Commitment of Traders Report (CoT). Note that these charts also appeared on my blog. The 4 charts below look at non-commercial futures trading positions for the S&P 500,…

A Seasonal Second Wind For The U.S. Dollar?

In this article we look at a couple of key potential catalysts that will shape the tactical view on the US Dollar Index (CURRENCY:USD) at a time when the US Dollar bull market is looking very tired. The chart in question appeared in the latest edition of the Weekly Macro Themes…

Stock Market Update: One More Push Higher?

Stock market futures traded up near yesterday’s highs this morning, a sign that bulls are defending the bears attempts at lower prices. That said, the S&P 500 (NYSEARCA:SPY) remains largely unchanged for the last couple weeks… a tough tape to trade. Bond Yields & Currencies Treasury bond yields have broken…

Bitcoin Bounces As Bulls Look To Regain Momentum

Bitcoin peaked earlier this month around $4,950… but last week was brutal for short-term bull traders. A slight slip in early September gave way to a slide into mid-September as Bitcoin (CURRENCY:BTC) fell briefly by nearly 40% (peak to recent tough), briefly touching just under $3,000 on Friday. So today’s…

U.S. Equities Trading Update: Upside Limited

S&P 500 Outlook (2-3 Days):   BEARISH Upside is likely limited into Expiration as the rally stalls. There’s been no change in thinking given lack of movement here lately. While near-term trends have been positive, prices have the potential to reverse course into early next week. As stated yesterday, further gains likely…