Monday, 11 March 2013

Bearish Turn for Nasdaq-100, Crude Oil

Back home after a nice trip to Manuel Antonio, Costa Rica. Lovely place, but it's nice to be back in peaceful Montezuma!

Sorry again for the delayed Commitments of Traders update this time around. I've just updated my latest signals table based on Friday's COT report. A few big moves in the data last week in some of the markets I'm trading, as you can see on that table.

Two signals take effect this week: bearish for the Nasdaq-100 and crude oil. Meanwhile, commercial hedgers in S&P 500 futures and options remain highly bullish, as first reported in last week's post. That signal goes to bullish on next week's open of trading.

Good luck this week, and see you back here after Friday's COT data comes out.

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