Banks From Bearish to Cash

My signal for the BKX U.S. Bank Index (a benchmark of U.S. financials) goes from bearish to cash on the coming week's open of trading.

That's based on the latest data in the Commitments of Traders reports issued free every week by the U.S. Commodity Futures Trading Commission.

Other signals based on the COT reports remain the same this week: bullish for the S&P 500 and bearish for copper, all else in cash.

See my latest signals table for details on how trader groups are positioned in the markets.

Good luck this week, and condolences to family and friends of the Malaysia Airlines Flight 17 victims.

For my MH-17 timeline chronicling evidence about who perpetrated the disaster, see my investigative journalism site.