Saturday, 15 June 2013

Traders Tilt Bullish During Selloff, CFTC Data Shows

Copper goes from bearish to cash on the coming week's open of trading, while my signal for the Nasdaq-100 goes from bearish to bullish.

That's based on the latest weekly data in the Commitments of Traders reports, which detail trillions of dollars in futures and options positions in 200-plus markets.

I use the free weekly data from the U.S. Commodity Futures Trading Commission to get trading signals in 10 markets. See my latest signals table for more details on current positioning.

Other data shows traders in equities putting on positions that I interpret to be more bullish during the ongoing selloff, as you can see from the data for the Nikkei (which has been on a profitably bullish signal since Dec. 3, 2012) and the S&P 500.

Even the data for the BKX U.S. Bank Index, which is currently on a bearish signal, is looking more bullish lately. My signal for U.S. financials will go to cash or bullish in a week's time.

Good luck in the coming week, and Happy Father's Day for dad readers out there!

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