The following are charts and data showing non-commercial futures trading positions as of August 15, 2017. This data was released with the August 18 Commitment of Traders Report (CoT). Note that these charts also appeared on my blog. The 3 charts below look at non-commercial futures trading positions for Crude Oil, Gold, and…
Salt, Wampum, Benjamins – Is Bitcoin Next? Currency was first developed about 4000 years ago. Its genius was in the ability to supplant barter thus greatly improving trade and providing a better means for storing value. As illustrated in our sub-title above, currency has taken on many different physical forms…
Tuesday is off and running and market participants are in a read and react mode. The bounce is still in motion but there’s plenty of time to see how this plays out. And plenty of variables to watch. The latest economic data: Empire Manufacturing is showing a large beat at…
The current setup in the US Dollar index (CURRENCY:USD) is rare in that a clear and logical fundamental and technical case can be made for a rally (or a move to the upside). Could this simply be a correction within an ongoing bull market for the US Dollar? At the…
We are seeing a continuation of yesterday’s reversal in equities. And after the first signs of a meaningful pullback from highs yesterday, a flight towards safety and safe havens looks to have begun. This is evident with the rallies in Gold (NYSEARCA:GLD) and Treasury Bonds. Also notable in the price…
This post was written a couple weeks ago for my premium service. I think it has some interesting trading insights so I’m sharing here as well. Note that there are 2 updated trading charts at the bottom of the post. While the Bitcoin craze means nothing to us, the chart…
The following is a recap of the August 4 Commitment of Traders Report (COT) released by the CFTC (Commodity Futures Trading Commission) looking at Commitment of Traders data and futures positions of non-commercial holdings as of August 1. Note that the change in COT report data is week-over-week. Excerpts of this…
The Euro (CURRENCY:EUR) has moved a bit higher than we anticipated in our June 16 post, but bears have a strong chance of countering the rally and taking the Euro currency to new lows. In fact, the current Elliott wave pattern qualifies even better as a nearly completed correction now…
Overall, the US equity market is still a very range-bound and choppy. Recent gains in US equities seem to have stalled out once again… just see the S&P 500 (INDEXSP:.INX) chart down below. That said, Tech and Industrials have showed strength of late on stocks like Apple (AAPL), Micron (MU)…
The Emerging Markets (NYSEARCA:EEM) have long benefited from a weaker US Dollar (CURRENCY:USD). This makes sense as a majority of the world’s debt is issued in US Dollars and commodities, a key export of Emerging Markets, tend to receive a tailwind when the buck is headed lower. The heyday of the…