COTs Timer: New Nasdaq-100 Signal Flips to Bullish

Wednesday 16 May 2012

New Nasdaq-100 Signal Flips to Bullish

Sorry for my late post this week! I must have got caught up in Mother's Day and am still sleeping off the festivities.

I did manage to update my latest signals table last Saturday, so if you checked there you would have seen what my signals are doing based on the weekly Commitments of Traders reports from the CFTC. To wit:

- My new Nasdaq-100 trading setup went bullish on this week's open of trading. That's based on super-bullish positioning by the "smart money" commercial hedgers and extremely bearish positioning by the wrong-way large speculators, whom I fade.

- Other signals remain the same: bullish for SPX, gold, silver and the Nikkei; bearish for crude oil, natural gas; and cash for the BKX U.S. Bank Index, copper and the 30-year Treasury bond. Good luck the rest of this week, and see you back here after this Friday's COT update.

No comments:

Post a Comment

About This Site

I am an active trader and award-winning investigative journalist based in Lac Brome in Quebec's Eastern Townships, just outside Montreal. I have written about investing and business for The Montreal Gazette, Investor's Digest of Canada, Technical Analysis of Stocks & Commodities, Futures & Options Trader, The Financial Post and others. I am not a certified financial advisor and am still refining my COTs Timer system. Please see more disclaimer information below. See my complete profile at the "Intro to COT" link above.

DISCLAIMER

I created this blog to record my personal, subjective observations about the markets, solely for my entertainment and that of interested readers and to foster research. Nothing on this blog should be construed as financial advice or an offer or recommendation to purchase or sell any security. I encourage anyone interested in the markets to do your own homework and/or consult a professional advisor. I am not a certified financial advisor and am still refining my trading system. I reserve the right to modify or stop publishing aspects of my system at any time or to delay updating my tables for whatever reason, or I may not do so in a timely manner. My system has resulted in very large drawdowns in some trades. Past backtested and real-time results are no guarantee of future performance. I will not be liable for any losses or damages of any kind that result from the content of this site. Although I consider the data, calculations and information on this blog to be reliable, I can't make any guarantees and won't be held liable or responsible for anything erroneous on this website. You are solely responsible for implementing safeguards of your data and system when you use this site and its content and links. It is up to the user of this site and content to protect yourself from worms, trojan horses, viruses and the like. I may hold positions in some of the securities mentioned in this blog.