Sunday, 15 July 2012

Nasdaq-100 Goes to Cash, Copper Bearish After Four Months in Cash

Two signals take effect on Monday's open of trading based on Friday's Commitments of Traders report from the Commodity Futures Trading Commission.

My Nasdaq-100 signal goes from bearish last week to cash this week, and my setup for copper goes bearish after four months in cash. The latter signal comes about because of an increase in bearishness of the commercial traders in copper futures and options.

See my latest signals table for more details on trader positioning in these two markets. Also see which two other markets are about to see new signals in the next two weeks.

Hope you had a good weekend, and good luck this week.

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