Just wanted to send out the subscribers the tracker updates, we will have more in the morning, but wanted to get this letter out to update before the mornings trade. Let’s take a look and start with the MCA CTA Markets Sentiment which has all the equities in a short bias now. This doesn’t mean we won’t get some buying in risk assets but rather our indicators are showing a clear bias now for better sellers:
As far as today’s settlements and rolling changes, bonds were well bid on the heals of a stronger 5Y auction and weaker equities markets, FX had a small bid, Crude and RBOB lower and metals all lower as profit taking hit those markets:
