Sunday, 13 January 2013

Bearish Lean Deepens in Trader Data; Short Copper, S&P 500, NDX and Crude

Trader positioning continues leaning in a bearish direction, with one more market flipping into the bearish column: copper.

That makes four of my signals bearish. The others are S&P 500, Nasdaq-100 and crude oil. As well, the 30-year Treasury is bullish - a generally bearish development for equities.

The Nikkei is the only equity market remaining bullish in my trading system based on the weekly Commitments of Traders data.

Among commodities, gold and natural gas are bullish (but gas goes to cash in a week's time). Silver is in cash, as is the BKX U.S. Bank Index.

See my latest signals table for more details on trader positioning in the markets I'm trading using the free COT data issued by the U.S. Commodity Futures Trading Commission.

Good luck next week, and Happy New Year to Ukrainian readers! (Veseloho Novoho Roku!)


Robert Gauvey said...

Huge fan of the blog. Any plans to update the DIY link?

Alex Roslin said...

Hi Robert,

Yes, very sorry about the looooong delay. Been bsy settling in here for the winter in sunny and beautiful Costa Rica, but I'll get to it soon. Thanks for the reminder.

Pura vida,

Robert Gauvey said...

Good Deal! Thank you & Happy Birthday!

Alex Roslin said...

Thanks, Robert!