Monday, 17 February 2014

Bullish Equities Move Solidifies in CFTC's Latest COT Report

The bullish move in trader positioning in equities seems to be solidifying a little, according to the latest Commitments of Traders data.

Signals taking effect on this week's open of trading:

- bullish for the BKX U.S. Bank Index
- bearish for the Nikkei
- bullish for the 30-year Treasury bond

My signal for the S&P 500 went from bearish to bullish last week. Net "smart money" commercial hedger positioning in S&P 500 futures and options remains at extremes of optimism in Friday's COT update.

The Nasdaq-100 was already bullish.

See my latest signals table for trader positioning data in the 10 markets I trade using the free weekly COT reports issued by the U.S. Commodity Futures Trading Commission.

The Nikkei move in the other direction is odd, but no one can say the COT data makes complete sense and doesn't leave you guessing.

Good luck this week.

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