Archives by Tag 'trading'

Basics – New contracts upon expiration

By blogadmin - Last updated: Friday, March 20, 2015

I had a question from a reader that reminded me that the schedule for rolling out of new contracts may not be intuitive to those that don’t follow the contract every day.  There are 11 expirations in the CME Case … Read More

Nov recap (finally) posted

By blogadmin - Last updated: Sunday, December 7, 2014

I’ve finally been able to post a recap of activity in the CME Case Shiller (home price index) Futures here.  (I’ve had challenges at the server level, on the trade-entry platform, and with juggling work that have all contributed … Read More

CME Case Shiller Futures post #’s

By blogadmin - Last updated: Tuesday, October 28, 2014

Quotes on all of the Nov ’14 CME Case Shiller futures edged lower after the release of this morning’s monthly CS indices, as illustrated in the row highlighted in yellow “One Day Price Moves”.  That line shows the change in … Read More

Lessons from CUSX16 contract

By blogadmin - Last updated: Monday, October 13, 2014

As I’ve written earlier, I’m trying to get first-time readers (and the press)  to focus on the CUS Nov ’16 contract as a benchmark of market sentiment for the overall home price market.  A benefit of focusing on one contract … Read More

Reconciling falling SA prices with higher forward levels

By blogadmin - Last updated: Wednesday, October 1, 2014

Over the last few months headlines have simultaneously touted rising AND falling home prices (or at least indices).  As seen in the table below, nominal, non-seasonally adjusted (NSA) home prices have continued to grind higher (albeit at ever slower implied … Read More

Less is more: Narrowing focus to CUS, NYM, LAX for early June

By blogadmin - Last updated: Wednesday, June 4, 2014

Since there has been so little trading in the first halves of the last 3-4 months I’d thought that we might have more luck with early-in-the-month trading by suggesting that trades focus on a smaller set of contracts.  As such, … Read More

Basics: OK, so you’re bearish. What to do besides selling your house?

By blogadmin - Last updated: Saturday, March 29, 2014

It seems that a growing numbers of commentators are becoming ever-louder in their bearish views.  Yet few give their readers any practical advice as to how to put this “knowledge” to work.  Are they suggesting that people sell their houses … Read More

Basics: InterCity Spreads -converted to relative % gains

By blogadmin - Last updated: Tuesday, March 11, 2014

I continue to believe that while traders may approach outright markets with some caution that they can be more aggressive when expressing views of relative performance.  That is, they may not have a precise view about how much the LAX … Read More

Feb CME Case Shiller recap

By blogadmin - Last updated: Monday, March 3, 2014

I’ve posted the February monthly recap of activity in the CME Case Shiller housing contracts to the Reports section (or one can access here).

A key impression when comparing information from Feb 28 versus Jan 31 (or Dec 31, … Read More

Case Shiller #’s vs Feb 2014 market (G14 CME contract)

By blogadmin - Last updated: Tuesday, February 25, 2014

While much of the press seemed to interpret today’s Case Shiller #’s as weaker, a comparison of the actual numbers versus the mid-market quotes for the expiring Feb 2014 (G14) contract suggests that the numbers were more bullish than expected.… Read More