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-3000. The IRS will see the gain/loss before commissions in boxes 1 and 2, and the commissions in box 4. The total of box 1/2 and 4 (always a negative number for your calculations) will add to the sum you report on Form 6781. alanm raises another issue -- the break-down of the commissions...

Futures comissions are not reflected in lines 1 or 2 of the IB's 1099 for futures. Therefore, subtract commissions (line 4) from line 1 or 2, then report that on Form 6781. From www.interactivebrokers.com, Help page, FAQ: What is 1099 for Futures? Titled "Substitute Composite Statement...

I checked the CFTC's COT, expecting that futures traders were positioned for lower rates. Not the case at all, as shown below. That might suggest that those that were "puking" their long note/bond positions were investors, rather than traders. As pointed out above, the system is leveraged for...

waggie may have an excellent point. if there were no new VIX futures, a higher VIX today would suggest that traders do not believe the rally. that could suggest further gains.

great call riskarb!

TurboTax will treat your losses correctly. You can recognize up to $3,000 in net losses (not offset by gains). For futures and index options, 60% of the gain or loss is long-term.

In TurboTax, go to Forms, then select Open a Form, go to 6781, and put your futures summary per acount in Part I. Index options (such as S&P options) also go in Part I, if I am remembering correctly. Individual stock options and some others (such as QQQs) go on Schedule D.

Jesse Eisinger wrote another funny and incisive piece in the WSJ this morning. One paragraph exerpted below: AHEAD OF THE TAPE By JESSE EISINGER Core Constituency March 17, 2004; Page C1 ....... Prices to businesses, however -- at least those measured by the producer-price...

This is from the WSJ Online this afternoon: "The University of Michigan's consumer-sentiment survey is one of the market's more controversial economic indicators. While closely watched, the report is released to subscribers only, on a twice monthly basis, through a conference call and via the...

The TRIN statistic is impressive. Thanks Waggie.

Alanm, Thanks for the insight. I was trying to figure out how the US-stock "1099 Reported" trade total on the annual statement could be less than the 1099-B figure. I'll examine manually entered trades as well as cancelled trades. I also have Toronto Stock Exchange trades and IBIS...

Excellent post Harry. When I read most of your posts, I can't understand them. This clip from Bris's paper is really good.

There is alot in this year's survey, published this weekend. Here is the Best Brokers table: Best Brokers For Long-Term Investors We looked for long-term planning tools, multiple ways to trade, (including talking to a live broker in person as well as on the phone), the ability to...

The last 1-minute bar for MSO -- before the halt and before the collapse -- was 15:03PM. KMRT collapsed during the 15:02PM bar. Interesting that KMRT moved before MSO.

indicated 9 - 12 now

The last hour of trading today could be nuts as traders and investors tweak their positions before the weekend. Don't know which way the market will go.

So far, TS does allow their clients to access intraday charts for futures unless they subscribe to real-time data. (All TS clients can get daily charts.) I would like to see TS allow their clients to access intraday futures charts on a delayed basis for those futures exchanges to which they...

Glad you are back!

Good call, Grand Master B!

Considering all the regulatory changes in the investment business recently, the only surprise would be if there were no more changes. Surfer's rumor sounds plausible to me.