Three new signals take effect on Monday's open of trading based on the latest Commitments of Traders data:
- bearish for the S&P 500
- bullish for the BKX U.S. Bank Index
- cash for silver
The S&P 500 and BKX signals are obviously contradictory, but that often happens with the COT data. Not all of the signals are correct. Or both signals could be profitable within their own time frame.
In any case, be sure to check my latest signals table for more details on the new COT data, which details how traders are positioning trillions of dollars in over 200 markets worldwide.
Good luck this week!
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