Sunday, 1 June 2014

S&P 500 Traders Love the Rally; Natural Gas Goes Bearish: CFTC's COT Report

"Smart money" commercial hedgers are giving the all-clear sign for an equities rally, according to Friday's Commitments of Traders report from the U.S. Commodity Futures Trading Commission.

Commercial traders in S&P 500 futures and options continued a seven-week build-up in their net position as a portion of total open interest.

Their positioning has flipped my signal from bearish, which it has been since April 14, to bullish, with a trade delay of two weeks. That means the signal takes effect the open of trading the week of June 16.

See my latest signals table for more details on trader positioning in the S&P 500 and the other nine markets I trade using the free weekly COT reports.

My signal for the BKX U.S. Bank Index, a benchmark of U.S. financials, also goes bullish, but this one with no trade delay -- i.e. taking effect on this week's open of trading.

As well, natural gas goes from cash to bearish on this week's open, while crude oil goes bullish.

Good luck this week.

1 comment:

higherhighspx said...

Could you please update that page with a sample spreadsheet when you have a chance? Thanks!