Sunday 13 April 2014

S&P 500 Bearish Signal This Week

Trader positioning continued to get more bearish across most equities and commodities, according to the latest Commitments of Traders report released Friday.

"Smart money" commercial hedgers in S&P 500 futures and options have steadily reduced their net position as a portion of total open interest for six weeks.

They now stand at 1.39 standard deviations below my moving average.

The decline in their positioning started the week mass protests ousted Ukraine's pro-Moscow president Viktor Yanukovych and Kremlin responded with an armed takeover of Ukraine's Crimea peninsula.

My S&P 500 signal goes bearish on the open of trading this coming week.

Also going bearish this week is copper.

My latest signals table now shows a wall of red bearish signals for six of my 10 trading setups based on the free weekly COT reports.

Three signals are in cash, and only the Nasdaq-100 is bullish.

Good luck this week.

1 comment:

tomas said...

Are you trading S&P via SPY and copper via CPER ETF or something else?