Tuesday, 27 November 2012

More Bullish News in Latest COT Data

More bullish news in the latest holiday-delayed Commitments of Traders report.

A new signal takes effect this week: Nikkei to cash after seven weeks being bearish.

Also, my S&P 500 signal, which has been bearish since Aug. 20, will go bullish on the open of trading the week of Dec. 10.

That's based on the "smart money" commercial hedgers getting significantly more bullish in their net futures and options positioning in the latest weekly COT report, as you can see on my latest signals table.

Good luck this week.

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