Daily Settles & NQvSP Chart
It’s been awhile since we posted our futures and cash settlement page, but we are posting it today. For those new subscribers, this is our daily page with all the data we track and have tracked for quite some time. We don’t look at markets how many others do, focusing solely on price, rather we are the followers of the money, the trail that leads to all ends. With this in mind we track the daily contract moves in total dollar value given 1 contract (Daily$ mv) also please note the roll in the energies denoted by the little red triangle where we rolled November to December:
Today saw Silver get hammered down $1.14 on the day, the biggest loser and Gold wasn’t far behind losing $34.30. All in all we warned yesterday about the 12100 level and today we saw the battle rage on as the other indexes clearly hurt by the technical selling. If the concentration of investment isn’t obvious here and we can’t help but think that many have put all their chips in one basket.
As far as the NQ vs SP500 here is another proprietary chart of Magnelibra’s showing the total about face move continuing this massive outperformance for the entire year despite last months reversal of the up trend. It was allegedly Softbank’s Gamma positions that moved the NQ, is this the same program running again? Ahh most be so easy when you have billions to risk, right and no exchange protocols for position limits, well at least it seems like there aren’t any position limits:
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-Magnelibra Econemotions
DISCLAIMER: For educational purposes only. This is not a solicitation to buy or sell commodity futures or options on neither commodity futures. The risk of trading securities, futures and options can be substantial and is not for everyone. Such investments may not be appropriate for the recipient. The valuation of futures and options may fluctuate, and, as a result, clients may lose more than their original investment. Nothing contained in this message may be construed as an express or an implied promise, guarantee or implication by, of, or from the author Michael Agne owner of Magnelibra Capital Advisors. All rights are reserved. We will never claim that you will profit or that losses can or will be limited in any manner whatsoever. Past performance is not necessarily indicative of future results. Although care has been taken to assure the accuracy, completeness and reliability of the information contained herein, we make no warranty, express or implied, or assume any legal liability or responsibility for the accuracy, completeness, reliability or usefulness of any information, product, service or process disclosed.