CFTC Worksheets: Holy Sh*t
No class today. Here are the blanks.
Initial comment on CFTC days in question:
disciplined fund money was disciplined.. taking profutsearly, and selling overbought in the range
bank shorts added reluctantly
Bank longs added aggressively- bank shorts and longs are talking now
Producers hedged some
Bottom line: banks see the buy side flows now.. This is definitively American money
a little reading at bottom
Initial comment on last 3 days: Holy shit.
Second comment: I believe Strongly this is waht happened: ther was buying of miners all week.. and at some pont, the funds decided metal was too cbeap relative to miners and bought some.
Which means… traditionally that’s a top in old days. but this aint old days.. old days had 10k new OI in a rally, not 21k… plus Founders have seen high correlation with 20k days of OI increases ending with a higher market 1 to 3 weeks afterwards.. with dips.. but nothing crazy.. we saw some of this type buying in march of 2024 and pre eledction and April 2025.. This is Macro Discretionary (thank goodness, i thought they’d abandoned us).. and if it IS macro disretionary.. then they know something once again I hope just like in March 2024
More later tonight when the other stuff comes in
Futures
With Options
Gamma
