Tuesday 27 November 2012

More Bullish News in Latest COT Data

More bullish news in the latest holiday-delayed Commitments of Traders report.

A new signal takes effect this week: Nikkei to cash after seven weeks being bearish.

Also, my S&P 500 signal, which has been bearish since Aug. 20, will go bullish on the open of trading the week of Dec. 10.

That's based on the "smart money" commercial hedgers getting significantly more bullish in their net futures and options positioning in the latest weekly COT report, as you can see on my latest signals table.

Good luck this week.

Friday 23 November 2012

Holiday Delay

This afternoon's normally scheduled Commitments of Traders report is delayed until Monday afternoon because of the Thanksgiving holiday.

See you back here after that report is issued.

Happy Turkey Day to U.S. readers!

Saturday 17 November 2012

COT Data Looking Up for Banks, Crude

After several months of generally bearish posturing, large traders seem to be swinging into somewhat more optimistic territory, according to the latest Commitments of Traders report issued Friday.

While my S&P 500 setup remains short for now, other markets are looking a little more bullish in time for the seasonally favourable pre-Christmas period, which is typically a positive time for equities.

My signal for the benchmark BKX U.S. Bank Index, based on trader positioning in the 3-month Eurodollar contract, goes bullish as of next week's open of trading, as you can see on my latest signals table.

And crude oil will be bullish as well.

Also, my currently bearish Nikkei signal will go to cash or possibly bullish in one week's time. (It remains bearish this coming week.)

Positioning in gold and silver in the past two weeks is also looking a little more bullish - or at least less bearish - possibly a sign of post-election U.S. dollar weakness. That, too, is typically positive for U.S. equities.

See my latest signals table for more details on trader positioning in these and the other markets I trade using the free weekly COT data issued by the U.S. Commodity Futures Trading Commission.

Good luck next week.

Monday 12 November 2012

COT Data Puts Natural Gas, Silver Into Cash

Two signals taking effect on this week's open: cash for natural gas and silver. That's based on my trading strategy based on the weekly Commitments of Traders reports from th CFTC.

See my latest signals table for more details on these and the other markets I follow. Sorry for the late post. I updated that table Friday but didn't have a chance to write a post about it until now. Good luck this week!

Friday 2 November 2012

Banks Back to Cash After a Week Bearish

One signal takes effect on next week's open of trading based on the latest data on trader positioning in the weekly Commitments of Traders reports.

My trading setup for the BKX U.S. Bank Index, a benchmark for U.S. financials, goes to cash after a week being bearish.

All other signals remain the same. What are they? Why, see my newly updated latest signals table for all the details.

Hope readers in the areas affected by Sandy are okay, and good luck next week. Should be loads of fun with the U.S. election Wednesday!