Sunday, 8 June 2014

S&P 500 Sentiment Keeps Looking Up, While Banks, Crude and Copper Cash Out: COT Reports

Three signals take effect on this week's open of trading thanks to the latest Commitments of Traders data.

It's cash for the BKX U.S. Bank Index, crude oil and copper based on my reading of the COT reports issued free weekly by the U.S. Commodity Futures Trading Commission.

Meanwhile, "smart money" commercial hedger sentiment in S&P 500 futures and options continues to improve, as you can see on my latest signals table.

My SPX signal goes from bearish to bullish on next week's open of trading (i.e. the week of June 16).

Good luck this week.

No comments: