Sunday, 2 February 2014

Sharp Bullish Move in S&P 500 Commercial Posture

Silver turns bearish on the coming week's open of trading, while the 30-year Treasury bond goes to cash.

This, according to my trading signals based on the free weekly Commitments of Traders data issued by the U.S. Commodity Futures Trading Commission.

Recent COT data has also moved my currently bearish signal for the S&P 500 to bullish, with the signal taking effect in a week's time on the open of trading on Feb. 10 (i.e. the signal remains bearish one more week due to the trade delay I use for that setup.)

That's due to highly bullish positioning by the "smart money" commercial hedgers in S&P 500 futures and options. In fact, the commercials are more relatively bullish than any time since last summer in their net positioning as a percentage of the total open interest.

See my latest signals table for more details on how traders are positioned in the 10 markets I trade using the COT reports. Good luck this week.

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