Daily View - 12/29

 

Weekly Sentiment Report (12/21)

Daily View - 12/20

 

Weekly Sentiment Report (12/14)

 

The Japanese yen and British pound saw their sentiment readings dramatically recover in the most recent CFTC Imm report as of last Tuesday (12/14).

Daily View - 12/17

 

Daily View - 12/15

 

Daily View - 12/13

 

Weekly Sentiment Report (12/7)

Speculators have seemingly grown tired of following recent trends and the latest bearish shift in sentiment could hint of a larger, more significant shift in both price-action and sentiment.

Over the past few months speculators in ES & NQ futures have been buying (or going long), helping push both metrics to record highs. Even though the stock market has recovered off the recent pullback from record highs, the potential turn (lower) in sentiment could hint of a deeper move lower or a potential ongoing topping process in equity futures. 

While minor shifts in sentiment alone don't often move the needle, especially with equity futures. Technically, the net long percentage for both ES and NQ should stabilize given how low the level of gross shorts are and how overbought bulls are currently.

Daily View - 12/6

 

Weekly Sentiment Report (11/30)

 

Typically so-called "large" traders or speculators trade alongside the ongoing trend, but according to the latest Imm report by the CFTC this isn't exactly true. In fact, short-term trends can and often do shift before speculators catch onto the momentum shift.

While the overall trend remains up for both E-mini S&P futures (ES) and Nasdaq-100 futurers (NQ), their short-term trends and momentum have shifted lower as of late. Meanwhile, speculators have increased net positioning into both ES & NQ.

Daily View - 12/3

 

Daily View - 12/2