- Joined
- 1 October 2008
- Posts
- 3,733
- Reactions
- 395
Beware the Ides of March, Eurodollar COT commercials positioning lagged by 1 year is starting to top out.
US equity index highs sometime between early next week until a week after, followed by a move lower into April 20th or so.
For the bulls following this metric, potential good news as looks like could be a sustained move upwards from late April until mid August 2016.
Can read about the metric here (older posts linked at the bottom of the post), Mr McClellan has had a pretty good track record of market timing thanks to this metric:
http://www.mcoscillator.com/learnin...llar_cot_says_ugly_drop_is_still_ahead_of_us/
Can catch the relevant COT chart with a quick google.
US Fed 'Emergency' Meeting today
https://www.federalreserve.gov/aboutthefed/boardmeetings/20160411advexp.htm
10:44 ET - US oil prices rise above their 200-day moving average for the first time since mid-2014 in a key bullish technical signal amid an unconfirmed report that Saudi Arabia and Russia have reached an agreement on a production freeze.
CL went bid hard...What's the saying... Buy the rumor sell the news? Hehe
These guys are unreal, hows this gonna end?
Looks like America is letting go but as we all know tops/distribution can take awhile. That's an each way bet.
These guys are unreal, hows this gonna end?
Is the ftse closed today?
A couple of weeks ago, we mentioned that the highest “stocks only” breadth oscillator reading in history had taken place. In fact, the top three readings of all time occurred on March 3rd, 4th, and 7th of this month (March, 2016). In addition, the 15th and 17th most extreme readings of all time occurred on March 2nd and March 11th, respectively. We wanted to study the other extreme readings to see what happened after those. Is this a significant longer-term indicator, or is it just indicative of the fact that short-term momentum is strong? The complete "Top 20" is shown in Table 1.
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?