Archives of “September 26, 2020” day
rssThe original ad for the Turtle Trading Program. How cool is that?
CFTC commitments of traders: The EUR longs increase and remains near records. CAD the only shorts.
CFTC commitments of traders data for the week ending September 22, 2020.
- EUR long 191K vs 179K long last week. Longs increased by 12K
- GBP long 3K vs 2k long last week. Longs increased by 1K
- JPY long 30K vs 23K long last week. Longs increased by 7K
- CHF long 16K vs 12K long last week. Longs increased by 4K
- AUD long 16K vs 16K long last week. No change
- NZD long 5K vs 3K long last week. Longs increased by 2K
- CAD short 19k vs 17K short last week. Shorts increased by 2K
Highlights:
- The EUR longs increased by 12K to 191K. That is still off the all time high at 212K, but near the high.
- The JPY long is the next largest position at long 30K.
- The short in the CAD is the only short of the major currencies..
US stocks close near high. Nasdaq has first up week in 4 weeks
Dow, S&P and Nasdaq close higher for the 2nd consecutive week
The US stock indices are ending the session with gains across the board and near session highs:
- NASDAQ and S&P closed higher for the 2nd consecutive day
- The NASDAQ index close higher for the 1st weekly gain in 4 weeks
- The S&P and Dow are not so lucky. They have fallen for 4 consecutive weeks
The final numbers are showing:
- S&P index rose 51.89 points or 1.60% to 3298.48. The low today reached 3228.44. The high extended to 3306.88
- The NASDAQ index rose 241.29 points or 2.26% to 10913.56. The low today reached 10639.98. The high extended to 10939.54
- The Dow rose by 358.71 points or 1.34% to 27174.15. The low today reached 26635.38. The high extended to 27239.29.
For the week, the NASDAQ gains today propelled the index to the 1st positive week in 4 weeks.
- S&P index fell by -0.63%
- NASDAQ index rose by 1.11%
- Dow industrial average fell by -1.75%
The month will end on Wednesday next week. The major indices are all still negative for the month.
- S&P index -5.77%
- NASDAQ index -7.32%
- Dow industrial average -4.42%
Finally year-to-date gains and losses currently shows:
- S&P index up 2.09%
- NASDAQ index up 21.63%
- Dow industrial average is still down by -4.78%
Thought For A Day
Banks with more suspicious transactions.
Expected profitability in the next 5 years.
Baker Hughes US oil rig count 183 vs 179 prior
Rig count climbs
Higher natural gas prices have given some drillers an incentive to get back to work. There’s a blurred line between gas and oil rigs because oil drilling spits off a lot of natural gas as well.
Total rigs at 261 vs 255 prior.