Short Thoughts

{+++} The bulls and bears are fighting ts level of resistance to the death. As you can see in the chart above, the S&P made a weak attempt to break out yesterday, but failed.  It did break through the April 2 high, but reversed hard and closed below the line. Today we basically closed flat […]

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COT-Commitment of Traders

This is a follow up the the commitment of traders piece I posted a couple of months ago on the “smart money/dumb money” view of the euro. At that time, the dumb money was short and the commercial traders “smart money” was getting long. The commercial traders always win. By the way, while everyone was […]

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Open Interest Gives a “Tell” For Treasuries

This is a very interesting piece from the folks at  McClellan Open interest is the total number of contracts that are “open” for a futures contract.  Every futures contract is simultaneously both a short position and a long position, with two separate parties each holding the obligation to either accept delivery of the goods, or […]

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No QE For You

It’s a matter of time before the Academic in Chief, “The Bernank”,  realizes that it all went dark after QE1. The market went up, but his end game failed miserably. The purpose was to create jobs and improve the housing market. Neither have been accomplished unless you hang your hat on one or two housing […]

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