Monday, 9 December 2013
S&P 500 Smart Money Pulls Back From Bearish Posturing
Not much to report after the latest Commitments of Traders report Friday.
All my signals remain the same as last week, as you can see on my latest signals table.
The "smart money" commercial hedgers in the S&P 500 have pulled back a little from their recently fairly bearish posturing.
They didn't get bearish enough to affect my bullish signal, though they got close in mid-November, according to the U.S. Commodity Futures Trading Commission data.
As well, my natural gas signal will go from cash to bearish in a week's time on the open of trading the week of Dec. 16.
We woke up to a nice dusting of snow here in Quebec's Eastern Townships, and there's more coming down. Hope your holiday season is going happily too.
Good luck this week!