Banks, Nikkei to Cash; Bearish for NDX

Three new signals take effect on the coming week's open of trading in my COTs Timer system:

- cash for the BKX U.S. Bank Index

- bearish for the Nasdaq-100

- cash for the Nikkei

Also, my presently bearish signal for natural gas goes to cash in a week's time.

All this is thanks to the latest trader positioning as reported by the free weekly Commitments of Traders reports. See my latest signals table for more details.

Good luck this week.

Natural Gas Bearish, Bond to Cash

Two signals take effect on the coming week's open of trading based on my trading system using the latest Commitments of Traders data:

- bearish for my natural gas signal
- cash for my 30-year Treasury bond signal

All other signals remain the same as last week.

See my latest signals table for the details and to see how traders are positioned in the 10 markets I'm trading using the free weekly COT reports from the U.S. Commodity Futures Trading Commission.

Good luck this week.

Banks Brave and Bullish

Just one signal takes effect on the coming week's open of trading, based on the latest Commitments of Traders data.

Back to bullish for my BKX U.S. Bank Index.

See my latest signals table for more details on how trader positioning is shaking out. Good luck this week.

S&P 500 Moves to Bullish, But Uncertainty Dominates

Uncertainty prevails for a second week among traders, according to the latest weekly Commitments of Traders data from the U.S. Commodity Futures Trading Commission.

My signals for the BKX U.S. Bank Index and copper go to cash for the coming week's open of trading.

That means seven signals will be in cash, one will be bullish (S&P 500, which goes bullish this coming week, as announced in my last post), and two will be bearish.

But there might be good news in Friday's S&P 500 data.

The "smart money" commercial hedgers haven't been this relatively bullish as a percentage of total open interest since June 2012.

That was around when the huge push started that ultimately sent the index finally above its 2000-2007 double-top.

See more details on my latest signals table. Good luck this week.

Bullish Sprouts Peep Out

Traders appear to be poking their heads out from shelter and testing the waters with more bullish positioning.

So seems to say the latest Commitments of Traders report issued Friday. See my latest signals table for details.

The latest data pushed my signal for the BKX U.S. Bank Index to bullish for this week's open of trading. Also, my signal for the 30-year Treasury goes bearish. (Rising yields tend to be bullish for equities.)

In addition, my S&P 500 signal goes from bearish to bullish in a week's time - i.e. on the open of trading the week of Sept. 9.

In commodities, my natural gas signal goes to cash after a week bullish.

Hope Canadian and U.S. readers had a good long weekend! Good luck this week.