Yen Sentiment Takes A Nose-Dive

Euro Sentiment Falls To Fresh Cycle Lows

Specs Reduce Bearish Bets Vs The Loonie

British Pound Specs Cover Short Bets

Speculators Continue To Boost Bullish Bets In Stocks

Indices Outpace Large Cap Stocks

The major US equity indices (located on the far right) continue to technically outpace some the larger cap names like Apple, Amazon & Alphabet. The one exception being Microsoft, which like the Dow (DJIA), seem poised to retest last years highs.

STRATEGY:

LONG:  BA, NFLX, MSFT


AAPL:
   
       Aggressive BUY on positive resolve of current 2-week bull flag or
       BUY on a pullback to the 20-day MA &/or 168.33 or
       BUY near 161.01 gap top or 50-day MA

       IGNORE BUY ideas & implement SELL if bull flag resolves negatively and price-action  
        fails to reclaim 168.00/33 after breaking below it.

AMZN:

       Aggressive BUY on clean break of the 20-day MA  or
       BUY on a pullback to the 50-day MA or near 1566/77 or marginally below it or
       BUY near 1520  or 1460 

       IGNORE BUY ideas & SELL if 1566 fails to hold and reverts as resistance

COT Update

COT: The last COT report was published on December 21, 2018. Reports going forward from that date will be published in chronological order beginning with the report previously scheduled for release on Friday, December 28, 2018 (based on data from Monday, December 24, 2018).  The CFTC expects to publish this report on Friday, February 1, 2019.  After this, the CFTC expects to publish one report on Tuesday and another on Friday of each week until the reports are current as per the normal schedule.