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Who's leaning
which way.

REPORT WEEK2026-10-13Tue → pub Fri
5 divergences
marketspecshedgers
natgas-henryhublegacy+0.6578-0.6600
natgas-henryhubdisagg-0.0138+0.0093
goldlegacy+0.5245-0.6119
golddisagg+0.2702-0.0465
bitcoinlegacy-0.1629+0.0227
bitcointff-0.4225+0.1186
ust10ylegacy-0.1698+0.1620
ust10ytff-0.3791-0.1087
silverlegacy+0.2087-0.3637
silverdisagg+0.0518-0.1457
cornlegacy+0.1942-0.1772
corndisagg+0.1335-0.3254
sp500legacy-0.0730+0.0179
sp500tff-0.2116-0.3118
copperlegacy+0.2183-0.2442
copperdisagg+0.1946-0.2883
soybeanslegacy+0.2528-0.2292
soybeansdisagg+0.2330-0.2826
nasdaq100legacy+0.1436-0.1994
nasdaq100tff-0.0743-0.2504
vixlegacy-0.2151+0.2078
vixtff+0.0025+0.1562
jpylegacy+0.1344-0.1301
jpytff-0.0902-0.1976
eurofxlegacy-0.1573+0.1272
eurofxtff-0.0778-0.1884
crude-wtilegacy+0.0528-0.0660
crude-wtidisagg+0.0214+0.1858

Status: 5 divergence(s), 0 check failure(s) · 14 markets · week 2026-10-13

Largest speculator longs

  • natgas-henryhub (legacy): +65.8%
  • gold (legacy): +52.4%
  • gold (disagg): +27.0%

Largest speculator shorts

  • bitcoin (tff): -42.3%
  • ust10y (tff): -37.9%
  • vix (legacy): -21.5%

Largest hedger longs / shorts

  • vix (legacy): +20.8%
  • crude-wti (disagg): +18.6%
  • ust10y (legacy): +16.2%
  • natgas-henryhub (legacy): -66.0%
  • gold (legacy): -61.2%
  • silver (legacy): -36.4%

Stretched beyond ±50%

  • natgas-henryhub (legacy) hedge: -66.0%
  • natgas-henryhub (legacy) spec: +65.8%
  • gold (legacy) hedge: -61.2%
  • gold (legacy) spec: +52.4%

Biggest week-over-week moves

  • bitcoin (tff): spec +5.2%, hedge +1.2%
  • corn (legacy): spec -4.9%, hedge +4.4%
  • corn (disagg): spec -4.4%, hedge +4.5%
  • eurofx (legacy): spec -4.3%, hedge +4.4%
  • nasdaq100 (legacy): spec -3.8%, hedge +2.6%

Alarms — read before trading off this tape

  • crude-wti hedge_pressure: views disagree on direction (legacy -6.6%, disagg +18.6%).
  • nasdaq100 spec_pressure: views disagree on direction (legacy +14.4%, tff -7.4%).
  • eurofx hedge_pressure: views disagree on direction (legacy +12.7%, tff -18.8%).
  • jpy spec_pressure: views disagree on direction (legacy +13.4%, tff -9.0%).
  • ust10y hedge_pressure: views disagree on direction (legacy +16.2%, tff -10.9%).
download summary.md

No resolved calls yet — first resolutions land next week. 53 call(s) pending.

This week’s calls (fade crowded specs, 2026-10-13)

marketpredicted price movespec pressure
bitcoinup-16.29%
copperdown+21.83%
corndown+19.42%
eurofxup-15.73%
golddown+52.45%
natgas-henryhubdown+65.78%
silverdown+20.87%
soybeansdown+25.28%
ust10yup-16.98%
vixup-21.51%

Track record by market

markethits/callsrate
Nothing resolved yet.

Experimental contrarian rule: spec > +15% → predict down, < −15% → predict up, else neutral. Tue–Tue closes via Yahoo Finance. Not financial advice.

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