June 15, 2019 - Page 2 of 2 - Financial Occultist

Weekly Forex futures net noncommercial positioning data for the week ending June 11, 2019

EUR short 87K vs 88K short last week. Shorts trimmed by 1K
GBP short 45K vs 48K short last week. Shorts decreased by 3K
JPY short 45K vs 44K short last week. Short increase by 1K
CHF short 25k vs 36k short last week. Shorts decreased by 11K
AUD short 63k vs 63k short last week. Unchanged
NZD short 16K vs 20K short last week. Shorts decreased by 4K
CAD short 33K vs 42K short last week. Shorts increased by 9K
Prior week

The positions remain long USD (short the currencies).

The CHF shorts decreased by 11K
The CAD shorts were increased by 9K.

Those were the biggest movers in the week.

EURUSD net speculative shorts remained near the largest levels

US stocks close with losses on the day

15-Jun-19 06:34 am

Anirudh Sethi

For the week, the major indices end up modest

The major US indices are ending the session with losses on the day led by declines in the tech heavy Nasdaq. Chip stocks were hit hard after Broadcom announced worse than expected earnings and forecasts for earnings/sales going forward, blaming tariffs and China.

The final numbers are showing:

The S&P index closed down -4.65 points or -0.16% at 2886.99. The high reach 2894.45. The low extended 2879.62
The NASDAQ index fell -40.47 points or -0.52% at 7796.66. The high reach 7819.21. The low extended to 7778.12
The Dow industrial average fell -17.16 points or -0.7% at 26089.61. The high reached 2612.28. The low extended 25988.09

For the week:

The S&P index rose 0.47%
The NASDAQ composite index rose 0.70%
The Dow industrial average rose 0.41%

Technically, the S&P index S&P index was able to remain above its 50 day MA at 2873.94 for each of the trading days. That’s the bullish news. The not so bullish news is that the market did not exactly race higher this week (see white MA line on the chart below).