That hammer candle led to a small snapback towards 2820, which coincides with the 4 day low pivot. (tested and failed) If we break below 2808 going into the close, expect another flush lower as those dip buyers bailout, this time tripping all the stops layered around … [Read more...]

One week ago we highlighted the repeated testing and failure of the 95 level in DX futures - While the dollar roared higher over the past 3 months, it actually spent most of the last 5 weeks consolidating the gains of 6 weeks prior. Even though we made new intermediate … [Read more...]

Today the S+P defied expections for price weakness, and instead shrugged off weak Russel and Naz performance by closing up 9 points. More importantly it gave a daily close above our adaptive 4 channel high - This trend indicator factors in price attributes and volatility and … [Read more...]

The latest Traders in Financial Futures report released last Friday showed Leveraged Funds have net purchased over 25k Futures contracts - This 4wk change scored a very strong 86% Relative Strength score on a 18m basis, and took their overall net position to a 92% 18m score. … [Read more...]

Commercial traders have been buying the recent weakness in metals, while funds have been piling into shorts. Across our proprietary scoring system were are seeing 90+ for net positioning for commercials, and sub 5% for funds on a 18 month basis. At extremes, the trend … [Read more...]