Sunday, 17 March 2013

S&P 500 Bullish

Two signals take effect on the coming week's open of trading based on the latest Commitments of Traders data:

- bullish for the S&P 500 (this, after commercial hedgers shifted heavily toward more bullish positioning in their futures and options holdings)
- cash for my BKX Bank Index setup (which had been bullish)

Also, in a week's time, my natural gas signal goes from cash to bullish (i.e. on the open March 25).

Check my just-updated latest signals table for all the fascinating details of the COT data, as issued weekly by the U.S. Commodity Futures Trading Commission.

Good luck this week - and Happy St. Paddy's Day!

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