Archive for Stock Market News

Agreement Facilitates Progress Toward Medical Device Approvals

By The Life Science Report

Source: Streetwise Reports   06/20/2018

This medical device company enters a partnership to provide quality and regulatory services.

In a June 12 press release, Nu-Med Plus Inc. (NUMD:OTC.MKTS) announced a strategic partnership with Millenium Biosciences to provide “company quality and regulatory service.”

Nu-Med manufactures medical devices for delivery of inhaled nitric oxide in hospital and other settings. Inhaled nitric oxide “is presently used in neonate hypoxia therapy (inadequate oxygen level in newborns), COPD (chronic obstructive pulmonary disease) and other pulmonary problems and may have future applications for a variety of other diseases and medical complications that are currently being investigated,” the company stated in the release.

Jeff Robins, president and CEO of Nu-Med Plus, praised Millennium and its leader, Mike D’Amico, in the release, stating, “For the past 30+ years, Mr. D’Amico has been a successful professional in the Quality and Regulatory field in the capacities of quality project management and regulatory affairs. We are excited to have retained Millennium Biosciences as we aggressively step forward pursuing ISO 13485 training and certification for our company along with approvals for our products.”

Want to read more Life Sciences Report articles like this? Sign up at www.streetwisereports.com/get-news for our free e-newsletter, and you’ll learn when new articles have been published. To see recent articles and interviews with industry analysts and commentators, visit our Streetwise Interviews page.

Disclosure:
1) Tracy Salcedo compiled this article for Streetwise Reports LLC and provides services to Streetwise reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following company mentioned in this article is a billboard sponsor of Streetwise Reports: Nu-Med Plus. Click here for important disclosures about sponsor fees. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article, until one week after the publication of the interview or article.

( Companies Mentioned: NUMD:OTC.MKTS,
)

Warning All Investors: Global Markets are Shifting away from US Price Correlation

By TheTechnicalTraders.com

Well over a month ago we warned our followers of a “capital market shift” that was taking place in the global markets.  Nearly 3 months before that time, we warned that China’s economy was about to enter a sustained economic downtrend cycle that could be dangerous to the global markets.  Today, we offer further evidence that the global markets are, in fact, shifting away from a price correlation to the US stock market and this move could be a warning sign that emerging markets and global markets could lead the world into an extended stagflation cycle.

Think about this for a minute, as we briefly discussed in our last article, what would happen if the US markets continued to rally on a strong economy with strong consumer participation while the US Fed was slow to raise interest rates while supporting a transitional shift of the US economy towards more manufacturing, technology, and expectations?  How would the world’s economies react to such a shift given their current economic cycles and opportunities?  Would they be able to keep up with the US or would they start to trail further and further behind the US?

It is our belief that any continued strengthening of the US economy could, in fact, present real dangers for many of the world’s economies simply because they may fall completely out of sync with the US stock market as their currencies, economies and consumer expectations fail to keep up with the US capabilities.  How all of this will play out over the next few months/years is our concern.  We know it will result in some tremendous trading opportunities for investors, but it could also create a new class of undervalued assets that could present some real long-term opportunity over the next 20+ years.

Let’s start by taking a look at our China/Asia custom index to show how the past 60+ days have more clearly shown this price disconnect happening.  When you look at this chart, pay attention to how closely this custom index (the candles) have moved in relation to the SPY (the blue area chart overlaid onto the candles).  Notice how the moves in the SPY were relatively closely mirrored by the custom index.  This is a direct price correlation to the SPY over an extended period of time.

Now, focus on the last 6~9 bars on this chart and take a really close look at how the SPY has rallied higher while this custom index has stayed flat to lower over the same time frame.  The only answer for this type of price disconnect is that a global capital shift could be underway that is driving capital out of certain markets and away from risk and danger.  In other words, it is our opinion that the China/Asia markets are starting to be perceived as riskier and more dangerous in relation to the US market and other more mature markets.

 

Now, let’s take a look at the BRICS custom index.  YIKES!!  What happened here?  Through most of 2017, a price correlation can be seen where the BRICS index moved somewhat in unison with the SPY price activity – although in some cases a bit delayed.  Yet, after March 2018, something dramatic happened.  When the SPY rotated lower in late March 2018, the BRICS index stayed relatively flat near the highs.  Then in May 2018, a price disconnect became very evident as the SPY began to rally while the BRICS index began to sell-off – very dramatically.  The BRICS index also broke through the BLUE price channel recently which is another sign that price trends/activities have shifted.

You should now be starting to see what we have been warning you about for months – the global capital market shift that is taking place.  This is happening because mature nations and economies are capable of achieving great economic growth and stability than many foreign markets and because many foreign markets have squandered the last 10+ years attempting to expand externally and not support their fundamental economic needs.  As we have used this example before, a flower only has two modes of operation – flower mode (expand) or survive (keep the core plant alive).  We believe these foreign markets have been in “flower mode” for the past 10+ years and have failed to support the core elements of their economies.

Now, onto more examples, this time Western Europe.  Again, this custom index is weighted with the SPY, so it should reflect some of the price support of the recent uptrend.  Yet, we see the most recent few weeks of this chart have shown a dramatic downtrend?  This would indicate that the European markets/currencies are disconnecting from the US majors at a much more dramatic pace, recently, that they have been over the past few years.  Yikes!

 

What about India & SE Asia?  Our custom India index has shown relatively FLAT recent price activity compared to the SPY.  Overall, our opinion is that India has yet to completely diverge from the US majors and we urge all investors to be aware that any further price breakdown in this India custom index will warn that the Indian/SE Asian economies are losing their battle to stay correlated to the US markets going forward.  Right now, there is evidence of weakness in the India custom index – yet there are limited signs of a broken correlation to the US markets.  It certainly shows that this price disconnect could be happening and likely is happening – yet we don’t have clear signs that this custom index is breaking to new lows (yet).

 

Lastly, lets take a look at our Russia/Eastern Europe custom index for signs of a price disconnect.  This chart is somewhat similar to the India chart (above).  There are signs of weakness and downside price rotation while the SPY has been rallying, yet there is not massive disconnect evident on the right edge of the chart.  We believe the recent downside price rotation within this custom index are the early warning signs of a price disconnect in the early stages of setting up (just like in the India chart).  We believe these charts clearly show that the US market (and other mature economies) are advancing beyond the functional capabilities of many emerging and foreign markets.  What will come from this, if it continues to play out as we expect, is a huge number of opportunities for traders and investors.

 

The next 3 to 5 years are likely to be very interesting and exciting for traders and investors.  These types of moves don’t happen too often and should these markets continue to rotate as we are expecting, we could see some very big currency and foreign market moves over the next few months and years.  You owe it to yourself to stay ahead of this move and learn how to profits from the extended volatility that will likely result from this price disconnect.

We believe we have nailed this analysis as we have correctly called the weakness in China/Asia as well as the global capital shift that is starting to play out in the global markets.  We already know what will likely move and when we should expect these opportunities to set up.  We are preparing our valued subscribers for this move and protecting them by providing them even more detailed research and analysis than you are seeing here.  Visit www.TheTechnicalTraders.com to learn how this could be the biggest opportunity of your trading and investing life and how you need a qualified and dedicated team of researchers to help you stay ahead of these moves over the next 2+ years with our long-term discounted subscription plan and Save 39%.  There will come a time when you will be wishing you had access to our proprietary research and member-only trade alerts and investment positions. Become a technical trader today and prosper with us!

Chris Vermeulen
Technical Traders Ltd.

By TheTechnicalTraders.com

 

Is Panic Selling Great for Technical Traders?

By TheTechnicalTraders.com

Our articles, Technical Trading Mastery book, and 3 Hour Trading Video Course are designed for both traders and investors to explore the tools and techniques that discretionary and algorithmic traders need to profit in today’s competitive markets. Created with the serious trader and investor in mind – whether beginner or professional – our approach will put you on the path to win. Understanding market structure, trend identification, cycle analysis, volatility, volume, when and when to trade, position management, and how to put it all together so that you have a winning edge.

By TheTechnicalTraders.com

Global equities retreat on escalating trade war fears

By IFCMarkets

Dow falls sixth session in a row

US stocks continued retreating Tuesday after President Trump’s Monday threat of additional $400 billion in tariffs on Chinese goods if China didn’t revoke its retaliatory tariffs on US goods. The S&P 500 ended 0.4% lower at 2762.57. Dow Jones industrial average dropped 1.2% to 24700.21. The Nasdaq composite index fell 0.3% to 7725.59. The dollar strengthening resumed as housing starts in May were above expected, hitting 11-year high: the live dollar index data show the ICE US Dollar index, a measure of the dollar’s strength against a basket of six rival currencies, rose 0.3% to 94.989 and is up currently. Stock index futures point to higher openings today.

DAX still biggest loser as European indices fall

European stock indices extended losses Tuesday as US-China tariff war escalated after President Trump said he ordered drawing up list of Chinese goods for additional $200 billion tariffs if China doesn’t cancel its retaliatory tariffs. The eurojoined British Pound’s slide against the dollar and both currencies are receding currently. The Stoxx Europe 600 lost 0.7%. The German DAX 30 dropped 1.2% to 12677.97. France’s CAC 40 fell 1.1% and UK’s FTSE 100 lost 0.4% to 7603.85. Indices opened 0.3% – 0.7% higher today.

Asian indices recover

Asian stock indices are mostly higher today despite continued US-China trade dispute. Nikkei gained 1.2% to 22555.43 as the yen slide against the dollar resumed. Chinese stocks are rising after China’s central bank said the country should cut banks’ reserve requirement ratios to boost market liquidity: the Shanghai Composite Index is up 0.3% and Hong Kong’sHang Seng Index is 0.6% higher. Australia’s All Ordinaries Index is up 1.2% despite Australian dollar turning higher against the greenback.

AU200

Brent futures prices are recovering today on expectations of US crude stockpiles draw and Libya supply disruption concern. The American Petroleum Institute reported late Tuesday that US crude inventories fell by 3 million barrels to 430.6 million. Prices ended lower yesterday: August Brent fell 0.4% to $75.08 a barrel Tuesday. Today at 16:30 CET the Energy Information Administration will release US Crude Oil Inventories.

Market Analysis provided by IFCMarkets

Note:
This overview has an informative and tutorial character and is published for free. All the data, included in the overview, are received from public sources, recognized as more or less reliable. Moreover, there is no guarantee that the indicated information is full and precise. Overviews are not updated. The whole information in each overview, including opinion, indicators, charts and anything else, is provided only for familiarization purposes and is not financial advice or а recommendation. The whole text and its any part, as well as the charts cannot be considered as an offer to make a deal with any asset. IFC Markets and its employees under any circumstances are not liable for any action taken by someone else during or after reading the overview.

Investors on high alert as trade tensions intensify

Article by ForexTime

Donald Trump’s latest threat to impose fresh tariffs on China has roiled financial markets and left investors on high alert.

In a shocking development, Trump yesterday warned of his intention to impose tariffs on an additional $200 billion worth of Chinese goods. This undesirable move is likely to worsen US-China trade relations and fuel concerns of a potential global trade war. The ongoing friction between the two nations has clearly kept market players on edge, with global stocks sliding amid the growing caution. With the escalating ‘tit-for-tat’ trade war seen as a major risk to global stability, investors may offload riskier assets for safe-haven investments.

More pain ahead for emerging markets?

Emerging market currencies have been treated without mercy by a broadly stronger Dollar.

The intensifying trade tensions between the United States and China simply added to market jitters, consequently weighing heavily on emerging markets. While the prospect of higher US interest rates is likely to stimulate fears of capital outflows from emerging markets, global trade concerns present a major risk. Intensifying trade tensions may trigger fears of increasing global protectionism negatively impacting growth in developing nations – ultimately spelling more trouble for EM currencies and stocks.

South African Rand crumbles

The South African Rand has tumbled to its lowest levels in over six months as escalating trade tensions between the world’s two largest economies eroded appetite for riskier currencies.

An appreciating Dollar simply compounded to the Rand’s woes with price punching above 13.90 as of writing. It must be kept in mind that the Rand was not alone, as other major emerging market currencies were under attack from a broadly stronger Dollar. The Rand has scope to weaken further if the Dollar continues to strengthen and global trade fears dent risk sentiment.

Oil slips on eroding risk appetite

A lack of appetite for risk amid the US-China trade dispute has resulted in Oil prices depreciating today.

Market expectations over OPEC and Russia easing supply curbs to counterbalance falling output from Venezuela as well as production outages from Iran have eroded appetite for the commodity. Although a hike in production output seems to be priced in, Oil remains at risk of depreciating further if Friday’s OPEC meeting in Vienna ends in an impasse. It must be kept in mind that Iran, Venezuela and Iraq are expected to veto any decision made by Saudi Arabia and Russia to raise production levels. Any disagreements or infighting between cartel members during the talks may trigger fears over the future of OPEC’s production cut deal.

WTI Crude is currently bearish on the daily charts with prices breaking below $65.00 this afternoon. Sustained weakness below this region could encourage bears to target $64.35 and $64.00, respectively.

Commodity spotlight – Gold

Gold has descended into the abyss despite intensifying trade tensions rattling financial markets and leaving investors on edge. The driver behind Gold’s depreciation remains an appreciating US Dollar.

With the Dollar likely to find ample support amongst the bullish sentiment towards the US economy and heightened expectations of higher US interest rates, Gold could be poised for further punishment. While the argument for the precious metal to potentially rebound may be based around trade tensions and geopolitical uncertainty, an appreciating Dollar could continue obstructing any upside gains.

Focusing on the technical picture, Gold is under pressure on the weekly timeframe. Sustained weakness below $1,280 level could be an early indication that bears are back in the game. Previous support at this level could transform into a dynamic resistance that opens a path towards $1,264.

Disclaimer: The content in this article comprises personal opinions and should not be construed as containing personal and/or other investment advice and/or an offer of and/or solicitation for any transactions in financial instruments and/or a guarantee and/or prediction of future performance. ForexTime (FXTM), its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness, of any information or data made available and assume no liability as to any loss arising from any investment based on the same.


Forex-Time-LogoArticle by ForexTime

ForexTime Ltd (FXTM) is an award winning international online forex broker regulated by CySEC 185/12 www.forextime.com

SP 500 slides as trade tensions continue

By IFCMarkets

Dow falls fifth session in a row

US stocks extended losses Monday as uncertainty about US-China trade dispute after China announced it would retaliate to $50 billion US tariffs on Chinese imports undermined investor confidence. The S&P 500 lost 0.2% to 2773.87. Dow Jonesindustrial fell 0.4% to 24987.47, fifth decline in a row. The Nasdaq composite index however rose less than 0.1% to 7747.03. The dollar weakening continued: live dollar index data show the ICE US Dollar index, a measure of the dollar’s strength against a basket of six rival currencies, inched down to 94.731 but is rising currently. Stock index futures indicate lower openings today.

DAX leads major European indices losses

European stock indices fell on Monday as US-China trade spat continued and concerns intensified German coalition may break down on migrant policy disagreement. The British Pound turned lower against the dollar while euro climbed, and both currencies are moving lower currently. The Stoxx Europe 600 index lost 0.8%. The DAX 30 dropped 1.4% to 12834.11 and France’s CAC 40 fell 0.9%. UK’s FTSE 100 slid less than 0.1% to 7631.33. Indices opened 0.7% – 1.5% lower today.

Asian indices drop as US threatens more tariffs

Asian stock indices are in red today as President Trump asked his administration to identify $200 billion in imports from China for additional 10% tariffs if China doesn’t revoke its $50 billion retaliatory tariffs on US imports. Nikkei fell 0.9% to 22482.89 as yen accelerated its climb against the dollar. Chinese stocks are sharply lower: the Shanghai Composite Index is down 3.8% and Hong Kong’s Hang Seng Index is 2.7% lower. Australia’s All Ordinaries Index is down 0.03% despite the Australian dollar’s continued slump against the US dollar.

HK50

Brent slip

Brent futures prices are pulling back today as traders expect OPEC and Russia crude oil output increases. Prices ended higher Monday: August Brent crude settled 2.6% higher at $75.34 a barrel on Monday.

Market Analysis provided by IFCMarkets

Note:
This overview has an informative and tutorial character and is published for free. All the data, included in the overview, are received from public sources, recognized as more or less reliable. Moreover, there is no guarantee that the indicated information is full and precise. Overviews are not updated. The whole information in each overview, including opinion, indicators, charts and anything else, is provided only for familiarization purposes and is not financial advice or а recommendation. The whole text and its any part, as well as the charts cannot be considered as an offer to make a deal with any asset. IFC Markets and its employees under any circumstances are not liable for any action taken by someone else during or after reading the overview.

US Majors Flush Out a Major Pivot Low and What’s Next

By TheTechnicalTraders.com

Closing out a big week in the markets, we see the US markets rotating a bit lower after a number of news events.  Some of these were very positive and others were negative.  The take away from last week can be condensed into the following:

_  The US Dollar strengthened all week and shot up above $120 near the end of the week

_  Crude Oil tanked on Friday – falling nearly 3% to just below $65.00 ppb

_  EURUSD fell nearly 2% on QE concerns in Europe as well as trade issues that are mounting

_  Silver rotated lower on Friday (-4.5%) as new tariff announcements between the US and China hit

_  US Small Caps held up quite well throughout most of the week ignoring these news events

_  The NQ closed higher for the week while the ES (flat) and YM (lower) were mixed to lower overall

_  China appears to have already entered a downward economic cycle and we’ll have to watch to see how deep this move can actually go before getting too far ahead with our analysis.

When we take into consideration the currency and commodity moves last week, there are two things we can assume headed into this week and beyond.

First, the US Dollar strength will create certain levels of havoc for emerging markets and foreign manufacturing firms, yet the strong US dollar will likely act as a magnet for global investors to continue to pile into the US Equity market rally.

Secondly, the downward rotation in Oil and Metals may create some broad economic pressures in foreign markets that could play out over the next few weeks as fantastic opportunities for skilled investors.

Lower Oil prices puts pressure on foreign oil suppliers, foreign currencies and many emerging markets.  The supply glut throughout the world right now is something that will not likely vanish any time soon.  This extended pressure on foreign markets may present a potential for some bigger price moves in ETF and certain global markets over the next few weeks or months.

Gold and Silver, on the other hand, appear to be running what we have termed a “rope-a-dope” pattern.  Our analysis shows the Metals are poised for a bigger upside breakout move – but this move would likely coincide with some bigger news event that creates broader concern in the global markets.  The move high last week started us thinking that this could be a new upside leg forming to create a new near-term price high.  But Friday’s pullback was just enough to neutralize the momentum of the upside move (for now).  We would not be surprised to see another upside move early over the next few weeks as this pullback may be reactionary in nature and not fundamental.

There are so many dynamics at play right now with trade issues, economic fundamentals, Fed/Central Bank moves and commodities moves all rotating in broad ranges.  Our recent analysis has been almost perfect in terms of the Oil moves, the Metals moves and the US Majors price advance.  As of right now, nothing has really changed with our analysis and we believe most of the price swings this week were purely reactionary in nature.

Our continued belief is that the US market is really the only game on the planet with a strong US Dollar and a strong/growing economy.  Oil pricing concerns will likely result in emerging market and currency issues that could continue to drive investment into the US markets.  Gold and Silver will likely continue to play the “rope-a-dope” congestion pattern with a slightly upward price bias until some massive news event sends it skyrocketing higher.  US Blue Chips and Small Caps will likely resume their upward trends quickly by taking out recent price highs and stunning the shorts/top-callers again.  When you get down to the bottom line of these big news weeks, after all the dust settles – most of the time the core economic fundamentals are the real momentum of the markets.  These news events are ripples in price caused by an external force. They go away after a short period of time and the fundamentals kick back in to drive future price moves.

Assuming nothing big hits the news wires to cause any further external events, we believe the US markets will quickly begin to recover their previous trends (higher) and oil will continue to drift lower (to near $60 first, then lower) while Gold and Silver begin to form a new price base for another attempted move higher (again).  World leaders are attempting to do all they can to keep the train on the tracks and are stunned at the growth and success of the US economy/markets.  Their biggest issue is that they may become second or third tier economies in comparison to the US.  All of these dynamics, which are actively playing out right before our eyes, currently are driving capital into the US in an effort to avoid what appears to be a bottomless pit of economic uncertainty in many other nations.  This, we believe, is the core dynamic at play in the global markets and we are watching for any signs that some new contagion may set in to change this dynamic.

Our suggestion is to take advantage of the opportunities that are currently available to skilled traders and try not to be too greedy.  As we learned, recently, from the EURUSD price drop – these events can unfold very quickly and foolish trading can sometimes put you in very risky positions.  We believe it is more suitable for skilled traders to take advantage of larger swing trading opportunities right now and to avoid the high-risk trades.  There will be lots of time for those types of trades when the global economic environment settles down a bit more.

53 years experience in researching and trading makes analyzing the complex and ever-changing financial markets a natural process. We have a simple and highly effective way to provide our customers with the most convenient, accurate, and timely market forecasts available today. Our stock and ETF trading alerts are readily available through our exclusive membership service via email and SMS text. Our newsletter, Technical Trading Mastery book, and 3 Hour Trading Video Course are designed for both traders and investors. Also, some of our strategies have been fully automated for the ultimate trading experience.

By TheTechnicalTraders.com

 

US equities pull back as trade tensions resurface

By IFCMarkets

SP500 logs fourth weekly gain in a row

US stock market pulled back Friday as Trump announced tariffs on $50 billion of Chinese imports. S&P 500 slipped 0.1% to 2779.42, ending 0.01% higher for the week. Dow Jones industrial average fell 0.3% to 25090.48. The Nasdaq lost 0.2% to 7746.38. The dollar weakened as manufacturing production fell 0.7% in May: the live dollar index data show the ICE US Dollar index, a measure of the dollar’s strength against a basket of six rival currencies, slipped 0.1% to 94.735 but is higher currently. Stock index futures point to lower openings today.

SP500

European stocks end choppy week higher

European stocks erased most of previous day gains on Friday on rising US-China trade war concerns. Both the euro andBritish Pound turned higher against the dollar but are lower currently. The Stoxx Europe 600 Index lost 1%, however ending 1% higher for the week. The DAX 30 fell 0.7% to 13010.55. France’s CAC 40 retreated 0.5% and UK’s FTSE 100 tumbled 1.7% to 7633.91. Indices opened 0.1% – 0.4% lower today.

Asian indices mixed

Asian stock indices are mixed today after China retaliated to US $50 billion tariffs on Chinese imports Friday by announcing it would respond with tariffs “of the same scale and strength”. Nikkei ended 0.8% lower at 22680.33 weighed by yen rise against the dollar. Markets in China and Hong Kong are closed for Dragon Boat Festival. Australia’s All Ordinaries Index is up 0.2% as the Australian dollar continued falling against the greenback.

Brent down

Brent futures prices are extending losses today on expectations of Russian and Saudi Arabia oil output boost. Prices fell Friday: Brent for August settlement lost 3.3% to close at $73.44 a barrel Friday, ending 4% lower for the week.

Market Analysis provided by IFCMarkets

Note:
This overview has an informative and tutorial character and is published for free. All the data, included in the overview, are received from public sources, recognized as more or less reliable. Moreover, there is no guarantee that the indicated information is full and precise. Overviews are not updated. The whole information in each overview, including opinion, indicators, charts and anything else, is provided only for familiarization purposes and is not financial advice or а recommendation. The whole text and its any part, as well as the charts cannot be considered as an offer to make a deal with any asset. IFC Markets and its employees under any circumstances are not liable for any action taken by someone else during or after reading the overview.

S&P500 Mini Speculators raised bullish net positions for 2nd week

By CountingPips.comReceive our weekly COT Reports by Email

S&P500 Mini Non-Commercial Speculator Positions:

Large stock market speculators lifted their net bullish positions in the S&P500 Mini futures markets this week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.

The non-commercial futures contracts of S&P500 Mini futures, traded by large speculators and hedge funds, totaled a net position of 169,430 contracts in the data reported through Tuesday June 12th. This was a weekly gain of 7,294 contracts from the previous week which had a total of 162,136 net contracts.

Speculative positions have gained two weeks in a row to a bullish level above the +160,000 net contract level for a second week.

S&P500 Mini Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -586,561 contracts on the week. This was a weekly decline of -26,712 contracts from the total net of -559,849 contracts reported the previous week.

Commercials continue to push their bearish bets higher as this week’s level is the highest bearish position we have on record. Offsetting the commercial short position is a huge bullish position by the small traders (+417,131 net contracts) and the bullish speculator position (+169,430 net contracts).

SPY ETF:

Over the same weekly reporting time-frame, from Tuesday to Tuesday, the SPY ETF, which tracks the price of S&P500 Index, closed at approximately $278.92 which was an increase of $3.82 from the previous close of $275.1, according to unofficial market data.

*COT Report: The COT data, released weekly to the public each Friday, is updated through the most recent Tuesday (data is 3 days old) and shows a quick view of how large speculators or non-commercials (for-profit traders) as well as the commercial traders (hedgers & traders for business purposes) were positioned in the futures markets. The CFTC categorizes trader positions according to commercial hedgers (traders who use futures contracts for hedging as part of the business), non-commercials (large traders who speculate to realize trading profits) and nonreportable traders (usually small traders/speculators). Find CFTC criteria here: (http://www.cftc.gov/MarketReports/CommitmentsofTraders/ExplanatoryNotes/index.htm).

Article By CountingPips.comReceive our weekly COT Reports by Email

VIX Speculators boosted their bearish net positions further this week

By CountingPips.comReceive our weekly COT Reports by Email

VIX Non-Commercial Speculator Positions:

Large volatility speculators sharply increased their bearish net positions once again in the VIX futures markets this week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.

The non-commercial futures contracts of VIX futures, traded by large speculators and hedge funds, totaled a net position of -53,346 contracts in the data reported through Tuesday June 12th. This was a weekly lowering of -17,157 contracts from the previous week which had a total of -36,189 net contracts.

Speculative bearish positions have now increased for eight out of the last nine weeks and are at the largest bearish position since January 30th when the net position was -59,357 contracts. VIX spec positions had spent fourteen weeks in bullish territory from February to the middle of May before turning back into an overall bearish level.

VIX Commercial Positions:

The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of 57,116 contracts on the week. This was a weekly uptick of 16,578 contracts from the total net of 40,538 contracts reported the previous week.

VIX:

Over the same weekly reporting time-frame, from Tuesday to Tuesday, the VIX, which tracks the volatility of the S&P500, closed at approximately $12.34 which was a loss of $-0.06 from the previous close of $12.40, according to unofficial market data.

*COT Report: The COT data, released weekly to the public each Friday, is updated through the most recent Tuesday (data is 3 days old) and shows a quick view of how large speculators or non-commercials (for-profit traders) as well as the commercial traders (hedgers & traders for business purposes) were positioned in the futures markets. The CFTC categorizes trader positions according to commercial hedgers (traders who use futures contracts for hedging as part of the business), non-commercials (large traders who speculate to realize trading profits) and nonreportable traders (usually small traders/speculators). Find CFTC criteria here: (http://www.cftc.gov/MarketReports/CommitmentsofTraders/ExplanatoryNotes/index.htm).

Article By CountingPips.comReceive our weekly COT Reports by Email