Jim,

S&P 500 and the VIX Commercial Traders COT Futures and Options Stochastic Weighted Average of Net Long As A % of Open Interest:

Interesting COT F&O outflows in the VIX.

Regards,
CIGA Eric

^[1]

Jim,

Board of Governor Monetary Base, Adjusted for Changes in Reserve Requirement:

Change in the quantity of the Monetary Base is one of many quantitative easing levers used by the Fed. As to the quantity of money out in the system, the Fed has direct control over the “monetary base” through open market operations. The Monetary Base is the sum of Federal Reserve Notes outstanding and reserve balances, that is, member bank reserve-deposits at Fed banks.

The monetary base growth rate has already exceeded 73% year-over-year (YOY) 2009.01 swing high. The monetary base growth rate is 76% YOY as of 2009.05 and suggests that the Fed is continuing to press the quantitative easing accelerator.

CIGA Eric

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