On the heels of the U.S. election, all hell has broken loose in these key markets.

The following charts are from Jason Goepfert at SentimenTrader.

King World News note:  Below you can see the commercial hedgers position in the 10-Year Treasury market.  Note that commercial hedgers been dramatically increasing their long positions recently in the U.S. Treasury market — now near an all-time record.  Meaning, the selloff in Treasuries has reached an extreme and may be ready for at least a significant countertrend rally (see 10-year chart below).

Commercial Traders Nearing All-Time Record Long Positions In 10-Year Treasuries

The next chart takes a look at sentiment in the 10-Year Treasury market…

King World News note:  Below you can see that sentiment in the 10-Year Treasury market has collapsed to “0.”  This is an extreme reading and it coincides with the commercials having near-record long positions in the 10-Year Treasuries (see stunning chart below).-

King World News note:  One of the markets that has been on fire recently is the copper market.  However, commercials are now very near all-time record short positions in the copper market, so a reversal (pullback) may be close at hand (see fascinating 23-year chart below)…..more