COTs Timer: Is it a Top? Trader Data not Happy

Friday, 20 May 2011

Is it a Top? Trader Data not Happy

Markets sure feel toppy these days - especially now that the "best six months" seasonally favourable period for most major stock indexes is now over. This afternoon's Commitments of Traders report suggests the weakness could continue. My trading setup for the S&P 500 remains bearish, and trader positioning isn't giving any hopeful signs for bulls. See my newly updated latest signals table for details based on today's COT release. Have a good weekend, and to Canadian readers - a good long weekend. TGIF! Good luck next week.

4 comments:

victor_obrien said...: Wow! Anonymous user 8329 opened the spreadsheet!

I guess you didn't receive my last comment: According to my notes your start date for the bullish Nikkei position was 18-Ap-11, not 18-My-11 shown in latest and past spreadsheets.

Thank you for sharing your work. -Victor; 20 May 2011 at 22:03
I_Got_Prechterized said...: Alex, when you say your indicator is bearish on bonds, do you mean bearish on bonds or yields? I'd assume bearish on bonds means just that, so higher rates ahead?; 23 May 2011 at 16:26
Alex Roslin said...: Hi I Got Prechterized,

Yes, bearish on bonds means bullish for yields.

Regards,
Alex; 30 May 2011 at 06:19
Alex Roslin said...: Hi Victor,

Yes, you're right. Thanks for the correction. I've changed that now.

Regards,
Alex; 30 May 2011 at 06:35

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About This Site

I am an active trader and award-winning investigative journalist based in Lac Brome in Quebec's Eastern Townships, just outside Montreal. I have written about investing and business for The Montreal Gazette, Investor's Digest of Canada, Technical Analysis of Stocks & Commodities, Futures & Options Trader, The Financial Post and others. I am not a certified financial advisor and am still refining my COTs Timer system. Please see more disclaimer information below. See my complete profile at the "Intro to COT" link above.

DISCLAIMER

I created this blog to record my personal, subjective observations about the markets, solely for my entertainment and that of interested readers and to foster research. Nothing on this blog should be construed as financial advice or an offer or recommendation to purchase or sell any security. I encourage anyone interested in the markets to do your own homework and/or consult a professional advisor. I am not a certified financial advisor and am still refining my trading system. I reserve the right to modify or stop publishing aspects of my system at any time or to delay updating my tables for whatever reason, or I may not do so in a timely manner. My system has resulted in very large drawdowns in some trades. Past backtested and real-time results are no guarantee of future performance. I will not be liable for any losses or damages of any kind that result from the content of this site. Although I consider the data, calculations and information on this blog to be reliable, I can't make any guarantees and won't be held liable or responsible for anything erroneous on this website. You are solely responsible for implementing safeguards of your data and system when you use this site and its content and links. It is up to the user of this site and content to protect yourself from worms, trojan horses, viruses and the like. I may hold positions in some of the securities mentioned in this blog.