COTs Timer: Smart Money Bullish on SPX Amid Quiet COT Data

Sunday, 24 August 2014

Smart Money Bullish on SPX Amid Quiet COT Data

No new signals from the latest Commitments of Traders report Friday afternoon. Traders are relatively quiet, according to the CFTC's free weekly COT data.

Minor development: "Smart money" S&P 500 commercial hedgers have been building their net futures and options positioning as a portion of total open interest.

They're now 1.7 standard deviations above the moving average of recent data. That signal has been bullish since June 16.

See my latest signals table for more details on how traders are positioned in the 10 markets I trade using the COT reports.

Good luck this week. З Днем Незалежності, Україно.

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I am an active trader and award-winning investigative journalist based in Lac Brome in Quebec's Eastern Townships, just outside Montreal. I have written about investing and business for The Montreal Gazette, Investor's Digest of Canada, Technical Analysis of Stocks & Commodities, Futures & Options Trader, The Financial Post and others. I am not a certified financial advisor and am still refining my COTs Timer system. Please see more disclaimer information below. See my complete profile at the "Intro to COT" link above.

DISCLAIMER

I created this blog to record my personal, subjective observations about the markets, solely for my entertainment and that of interested readers and to foster research. Nothing on this blog should be construed as financial advice or an offer or recommendation to purchase or sell any security. I encourage anyone interested in the markets to do your own homework and/or consult a professional advisor. I am not a certified financial advisor and am still refining my trading system. I reserve the right to modify or stop publishing aspects of my system at any time or to delay updating my tables for whatever reason, or I may not do so in a timely manner. My system has resulted in very large drawdowns in some trades. Past backtested and real-time results are no guarantee of future performance. I will not be liable for any losses or damages of any kind that result from the content of this site. Although I consider the data, calculations and information on this blog to be reliable, I can't make any guarantees and won't be held liable or responsible for anything erroneous on this website. You are solely responsible for implementing safeguards of your data and system when you use this site and its content and links. It is up to the user of this site and content to protect yourself from worms, trojan horses, viruses and the like. I may hold positions in some of the securities mentioned in this blog.