Sunday, 2 June 2013
Banks Could Take a Hit, Trader Data Says
I'm going short U.S. financials on the coming week's open of trading based on the latest Commitments of Traders data.
My signal for the BKX U.S. Bank Index has turned bearish based on the trader positioning in the latest weekly COT report from the U.S. Commodity Futures Trading Commission.
See my latest signals table for more details on the positioning in this and the other markets I'm trading using this great free data, which reveals trillions of dollars of positioning in over 200 markets.
My other signals remain the same for the coming week. Good luck this week!