Daily Note




Related image






Image result for us civil war flag

United States Durable Goods Orders MoM was reported at -1.7% in Jul from 1% in the previous period. It was expected at -0.5%. 


US Durable Goods New Orders Total Ex Transportation MoM SAAR 


Capital Goods New Orders Nondefense Ex Aircraft & Parts MoM


Capital Goods Shipments Ex Aircraft % 


Baker Hughes Rig Count 



Bloomberg World Index
Bloomberg World Index shows how bad the global market has been this year.  It’s trying to move up and could continue with the recent improvement in some markets.
-Hedge Fund Telemetry


Hong Kong still struggling.
-Hedge Fund Telemetry

Hong Kong Seng Index 

Still struggling. -Hedge Fund Telemetry


Nikkei 225 Index 

Nikkei is without any momentum. -Hedge Fund Telemetry


NSE NIFTY 50 Index 

India Nifty Fifty Index on day 9 of 13 with red Sequential Countdown. -Hedge Fund Telemetry


Italy Generic Govt 10Y Yield 

Today’s news reports that President Trump offered to buy Italian bonds is rather unprecedented.  He doesn’t drink (thank God) but maybe he just mentioned it to the Italian PM in passing.  Yields look higher on day 9 of 13  -Hedge Fund Telemetry



Euro Stoxx 50 still slowly moving higher.
Hedge Fund Telemetry


Screen Shot 2018-08-06 at 3.45.31 PM

In US Equity Markets the S&P 500 and the Nasdaq hit all-time highs on Friday after Federal Reserve Chair Jerome Powell said the central bank’s current approach to interest rate hikes were the best way to protect the U.S. economic recovery. The S&P 500 was up 0.52 percent, at 2,871.85 and the Nasdaq Composite was up 0.81 percent, at 7,942.05. Staples were hit by Philip Morris’s 3.3 percent decline and Altria’s 2 percent fell after brokerage Jefferies flagged concerns that the two tobacco companies could lose market share.

SPX bullish sentiment is at  66%. – Hedge Fund Telemetry

SPX daily upside Countdown 13’s still in play. – Hedge Fund Telemetry

S&P 500 Index 


S&P Futures E-mini’s on day 11 of 13.  – Hedge Fund Telemetry

CME E-Mini Standard & Poor’s 500 Index 


Nasdaq bullish sentiment is at 69%. – Hedge Fund Telemetry

NDX Index got the upside Sequential Countdown 13 today. – Hedge Fund Telemetry

NASDAQ 100 Stock Index 


Nasdaq 100 Futures is on day 12 of 13. – Hedge Fund Telemetry

CME E-Mini NASDAQ 100 Index Future


Dow Jones did not get above the January high and is stalling after some upside exhaustion signals. – Hedge Fund Telemetry 
Dow Jones Industrial Average
IWM Russell 2000 got the upside 13 two days ago. –Hedge Fund Telemetry

iShares Russell 2000 ETF 


SPDR S&P Retail ETF 

This is the weekly of XRT.  I expect a reversal in the coming weeks. –Hedge Fund Telemetry


Screen Shot 2018-08-07 at 3.48.34 PM

In Currency Markets the pound slid against the euro to its weakest since mid-September, hurt by a rally in the single currency and concerns about whether Britain can secure a post-Brexit trade deal with the European Union.

Sterling rose, however, against a dollar rattled by a speech by U.S. Federal Reserve Chairman Jerome Powell. But sterling fell to trade as weak as 90.390 pence per euro on Friday, a fresh 11-month low. The British currency rose as high as $1.2880, up nearly half a percent on the day, before settling around $1.2845.

US Dollar bullish sentiment is at 74% down from recent high of 96%.  At the time I said the USD will come back down. –Hedge Fund Telemetry

US Dollar 


Euro bullish sentiment is at 33%. –Hedge Fund Telemetry

Euro Spot still not above the 50 day but close. –Hedge Fund Telemetry

EURO Spot Rate 


Chinese Yuan.  I compressed this chart because it shows the downside wave 5 price objective of 7.2291.  If this breaks 7.00 things could get out of control with many other markets.
Hedge Fund Telemetry



Australian Dollar bullish sentiment is at 40% and trying to move above 50%.
Hedge Fund Telemetry

AUDUSD needs to move above the 50 day and 0.74.
Hedge Fund Telemetry



Canadian Dollar bullish sentiment is at 33% and trying to move higher.
Hedge Fund Telemetry



British Pound Sterling bullish sentiment is at 26% and up from a recent low of 7%.

Hedge Fund Telemetry

British Pound Spot Rate 


Screen Shot 2018-08-06 at 3.05.53 PM

Gold bullish sentiment is at 28% down from 35% the previous day.
Hedge Fund Telemetry

SPDR Gold Shares ETF 


GDX bouncing today but has a lot of rebuilding to do.
Hedge Fund Telemetry

Vaneck Vectors Gold Miners ETF 


Screen Shot 2018-08-06 at 3.05.39 PM

Screen Shot 2018-08-05 at 5.14.40 PMScreenshot 2018-08-24 15.08.11.png



CORN FUTURE -December’18


WHEAT FUTURE- December ’18 


Screen Shot 2018-08-06 at 3.05.46 PM

In Energy Markets oil prices jump 2 percent on Friday and were on track to end a run of weekly declines on signs that Iran sanctions may limit global supply and that a trade war may not curb China’s appetite for U.S. crude. Brent crude oil  rose $1.29 a barrel to $76.02 after earlier touching a high of $76.42. U.S. crude was $1.20 higher at $69.03. U.S. crude was set to be up more than 4.7 percent on the week, after seven consecutive declines and Brent was on track for a 5.8 percent rise after three weeks of falling prices.

Crude bullish sentiment is at 84%.
Hedge Fund Telemetry

Crude continues higher as I’ve felt could happen recently.
Hedge Fund Telemetry

Generic 1st ‘CO’ Future-WTI 


Generic 1st ‘CO’ Future-Brent  



Screen Shot 2018-08-07 at 3.49.03 PM

In Bond Markets U.S. Treasury prices gave back earlier losses on Friday after Federal Reserve Chairman Jerome Powell made the case for further rate increases, but did not give any new indications on the U.S. central bank’s pace of rate hikes.

Benchmark 10-year notes fell 2/32 in price on the day to yield 2.828 percent, after rising to 2.850 percent before Powell’s speech. The notes have held in a range between 2.822 percent and 3.016 percent since the end of May. The yield curve between two-year and 10-year notes flattened to 20 basis points, the flattest since 2007.

Bond bullish sentiment is at 73%. –Hedge Fund Telemetry

US Generic Govt 30 Year Yield 


US 10 year yield reversed earlier weakest in bond market and now is lower.
-Hedge Fund Telemetry

US Generic Govt 10 Year Yield 


US 2s10s spread 


US 5s20s spread


HYG High Yield ETF on day 12 of 13.  This used to mirror some equity markets but it really has diverged.  By the way the Setup 9’s and 13’s have been pretty spot on.
-Hedge Fund Telemetry

iShares iBoxx High Yield Corporate Bond ETF 



Screen Shot 2018-08-04 at 9.12.10 PM

CBOE SPX Volatility Index -VIX 


CBOE SKEW INDEX image028.png

Merrill Lynch Option Volatility Estimate- MOVE Index 









Mail AttachmentMail Attachment-1


Banyan Capital Management, LLC (“BCM”) is a publisher, not a registered investment advisor, and nothing in BCM’s newsletter is intended, and it should not be construed, to be investment advice. BCM’s newsletter is for informational use only. Any mention in BCM’s newsletter of a particular security, index, derivative, or other instrument is neither a recommendation by BCM to buy, sell, or hold that security, index, derivative, or other instrument, nor does it constitute an opinion of BCM (or of any of its officers, employees, agents or representatives) as to the suitability of that security, index, derivative or other instrument for any particular purpose. BCM is not in the business of giving investment advice or advice regarding the suitability for any purpose of any security, index, derivative, other instrument or trading strategy and nothing in BCM’s newsletter should be so used or relied upon. BCM is not acting as your financial advisor nor in a fiduciary capacity, with regard to any securities, index, derivative or other instrument referred to in BCM’s newsletter. Also, no representation is made concerning the tax implications in any applicable jurisdiction regarding any securities, index, derivative or other instrument and BCM is not advising you in respect of the tax implications. All opinions and estimates in the newsletters are given as of the date of their publication on the BCM’s website and are subject to change and BCM does not assume any obligation to update the newsletters or to reference any such changes. BCM hereby expressly disclaims any and all representations and warranties that: (a) the content of its newsletters is correct, accurate, complete, reliable or a guaranty of future performance; (b) any of its newsletters will be available at any particular time or place, or in any particular medium; and (c) that any omission or error in any of its newsletters will be corrected. BCM shall not be liable for any errors or omissions made in its newsletters or for any inaccuracies in its assumptions. BCM specifically disclaims liability for any losses or damages (incidental, consequential or otherwise) that may arise from the newsletters and that are either used or relied upon by anyone for any reason, including without limitation, the use of the newsletters in the preparation of any financial books and records. Although from time to time BCM’s newsletter may link to or promote others’ websites or services, BCM is not responsible for and does not control those websites or services. BCM’s newsletter is published and distributed in accordance with applicable United States and foreign copyright and other laws. Without the prior written consent of BCM, no person or entity, directly or indirectly, may copy, reproduce, recompile, decompile, disassemble, reverse engineer, distribute, publish, display, perform, modify, upload to create derivative works from, transmit, or in any way exploit all or any part of BCM’s website, its newsletter, or any other material belonging to BCM.

Without the prior written consent of BCM, no person or entity, directly or indirectly, may offer all or any part of BCM’s website, its newsletter, or any other material belonging to BCM for sale, nor may any person or entity, directly or indirectly, distribute all or any part of BCM’s website, its newsletter, or any other material belonging to BCM over or by means of any medium.
Without the prior written consent of BCM, no person or entity, directly or indirectly, may make all or any part of BCM’s website, its newsletter, or any other material belonging to BCM, available as part of or in connection with another website, whether by hyper-link, framing on the Internet or otherwise. At any given time BCM’s principals may or may not have a financial interest in any or all of the securities and instruments discussed herein. At any given time BCM’s principals may or may not have a financial interest in any or all of the securities and instruments discussed herein.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.