Saturday 17 August 2013

Bearish Move Accelerates in COT Data

Woah - the bearish move is accelerating in trader positioning, according to the latest weekly Commitments of Traders data.

A wash of red ink covers my latest signals table.

Four signals take effect on the coming week's open of trading:

- cash for natural gas (which then goes bullish the following week)

- bearish for the Nikkei, copper and crude oil

Also, my S&P 500 signal goes bearish in a week's time (on the open the week of August 26).

Keep your head down!

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