April 18, 2015

Matt and Alex discuss currencies and then global stock market indices. At 9:25, Matt says commercial traders are heavily long British Pound, Euro, and Australian Dollar futures constituting 50%, 30%, and 70% of long-side open interest, respectively. At 11:00, Matt conversely notes that commercial traders are heavily short US Dollar Index futures. He further notes that there is a good chance the US Dollar Index has peaked and gives his parameters for additional upside if the dollar hasn’t fully completed its upside pattern. At 15:25, Matt notes that the commercials have gone heavily short Emerging Market futures and continue to increase their long-position in VIX volatility futures. At 16:20, Alex and Matt discuss bearish looking patterns in the broad stock market.