Large speculators are aggressively short $ES_F, holding their largest net-short position since Oct. 2011. Extreme pessimism such as this tends to coincide with significant trend reversals. $SPY pic.twitter.com/PrOosiK4dw — Ian Culley (@IanCulley) April 11, 2023 Today’s Chart of the Day was shared by Ian Culley (@IanCulley). Large speculators (hedge funds) are aggressively short S&P 500 […]
Chart of the Day – Monday, March 20th, 2023
Gold closed back above the former 2011 highs. $GC_F $GLD 👀 pic.twitter.com/SgLUwxkXMi — Ian Culley (@IanCulley) March 20, 2023 Today’s Chart of the Day was shared by Ian Culley (@IanCulley). Gold poked its head above $2,000/oz. today, and closed at its highest level in nearly a year. Ian points out that it’s back above the 2011 […]
Chart of the Day – Tuesday, January 3rd, 2023
Today the US dollar index $DXY found support at a shelf of former highs, rallying into its strongest seasonal period. pic.twitter.com/PARq00ZXJT — Ian Culley (@IanCulley) January 3, 2023 Today’s Chart of the Day was shared by Ian Culley (@IanCulley). The US Dollar kicked off the new year today with its best day in nearly three […]
Chart of the Day – Thursday, October 6th, 2022
Energy is kicking off a fresh leg higher. $XLE pic.twitter.com/sLxspXVD2F — Ian Culley (@IanCulley) October 6, 2022 Today’s Chart of the Day was shared by Ian Culley (@IanCulley). Energy continues to be the only sector in positive territory this year, up a whopping +53% YTD. It’s been a choppy mess since June, but it’s reasserting its […]
Chart of the Day – Wednesday, July 13th, 2022
Crude oil challenges the lower boundary of its current range. The path of least resistance is lower on a daily close below 94.25. $CL_F pic.twitter.com/xaobUd9RYx — Ian Culley (@IanCulley) July 13, 2022 Today’s Chart of the Day was shared by Ian Culley (@IanCulley). Today’s CPI report had inflation at 41-year highs. Ironically, Crude Oil is […]