COT Stock Market Charts: Speculator Bets led by Russell & Nikkei 225

By InvestMacro

Here are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).

The latest COT data is updated through Tuesday March 12th and shows a quick view of how large traders (for-profit speculators and commercial entities) were positioned in the futures markets.

Weekly Speculator Changes led by Russell & Nikkei 225

The COT stock markets speculator bets were slightly higher overall this week as four out of the seven stock markets we cover had higher positioning while the other three markets had lower speculator contracts.

Leading the gains for the stock markets was the Russell-Mini (3,729 contracts) with the Nikkei 225 (1,604 contracts), the DowJones-Mini (1,085 contracts) and the Nasdaq-Mini (760 contracts) also showing positive weeks.

The markets with the declines in speculator bets this week were the S&P500-Mini (-35,387 contracts), the MSCI EAFE-Mini (-6,688 contracts) and the VIX (-3,151 contracts) also registering lower bets on the week.

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Stock Markets Net Speculators Leaderboard

Legend: Weekly Speculators Change | Speculators Current Net Position | Speculators Strength Score compared to last 3-Years (0-100 range)

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Strength Scores led by DowJones-Mini & Russell-Mini

COT Strength Scores (a normalized measure of Speculator positions over a 3-Year range, from 0 to 100 where above 80 is Extreme-Bullish and below 20 is Extreme-Bearish) showed that the DowJones-Mini (86 percent) and the Russell-Mini (72 percent) lead the stock markets this week. The VIX (62 percent) comes in as the next highest in the weekly strength scores.

On the downside, the S&P500-Mini (29 percent) comes in at the lowest strength level currently while the next lowest strength score is the Nasdaq-Mini (41 percent).

Strength Statistics:
VIX (62.0 percent) vs VIX previous week (65.4 percent)
S&P500-Mini (29.0 percent) vs S&P500-Mini previous week (34.3 percent)
DowJones-Mini (85.8 percent) vs DowJones-Mini previous week (84.0 percent)
Nasdaq-Mini (41.3 percent) vs Nasdaq-Mini previous week (40.1 percent)
Russell2000-Mini (71.5 percent) vs Russell2000-Mini previous week (68.9 percent)
Nikkei USD (48.2 percent) vs Nikkei USD previous week (36.8 percent)
EAFE-Mini (44.7 percent) vs EAFE-Mini previous week (51.7 percent)

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Nikkei 225 & MSCI EAFE-Mini top the 6-Week Strength Trends

COT Strength Score Trends (or move index, calculates the 6-week changes in strength scores) showed that the Nikkei 225 (9 percent) and the MSCI EAFE-Mini (9 percent) lead the past six weeks trends for the stock markets.

The Nasdaq-Mini (-59 percent) leads the downside trend scores currently with the DowJones-Mini (-14 percent) coming in as the next lowest market in trend scores.

Strength Trend Statistics:
VIX (5.9 percent) vs VIX previous week (3.5 percent)
S&P500-Mini (-2.1 percent) vs S&P500-Mini previous week (-2.2 percent)
DowJones-Mini (-14.2 percent) vs DowJones-Mini previous week (-6.0 percent)
Nasdaq-Mini (-58.7 percent) vs Nasdaq-Mini previous week (-50.2 percent)
Russell2000-Mini (-6.1 percent) vs Russell2000-Mini previous week (-11.8 percent)
Nikkei USD (9.0 percent) vs Nikkei USD previous week (-3.6 percent)
EAFE-Mini (8.9 percent) vs EAFE-Mini previous week (15.2 percent)

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Individual Stock Market Charts:

VIX Volatility Futures:

The VIX Volatility large speculator standing this week totaled a net position of -49,106 contracts in the data reported through Tuesday. This was a weekly reduction of -3,151 contracts from the previous week which had a total of -45,955 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 62.0 percent. The commercials are Bearish with a score of 34.8 percent and the small traders (not shown in chart) are Bullish-Extreme with a score of 88.7 percent.

Price Trend-Following Model: Weak Downtrend

Our weekly trend-following model classifies the current market price position as: Weak Downtrend. The current action for the model is considered to be: Hold – Maintain Short Position.

VIX Volatility Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	18.6	45.1	7.8
– Percent of Open Interest Shorts:	31.7	31.6	8.2
– Net Position:	-49,106	50,627	-1,521
– Gross Longs:	70,068	169,379	29,419
– Gross Shorts:	119,174	118,752	30,940
– Long to Short Ratio:	0.6 to 1	1.4 to 1	1.0 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	62.0	34.8	88.7
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bullish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	5.9	-7.0	5.0

 

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S&P500 Mini Futures:

The S&P500 Mini large speculator standing this week totaled a net position of -239,827 contracts in the data reported through Tuesday. This was a weekly fall of -35,387 contracts from the previous week which had a total of -204,440 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 29.0 percent. The commercials are Bullish with a score of 59.5 percent and the small traders (not shown in chart) are Bullish with a score of 76.1 percent.

Price Trend-Following Model: Uptrend

Our weekly trend-following model classifies the current market price position as: Uptrend. The current action for the model is considered to be: Hold – Maintain Long Position.

S&P500 Mini Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	10.5	71.4	10.9
– Percent of Open Interest Shorts:	19.4	66.1	7.2
– Net Position:	-239,827	141,731	98,096
– Gross Longs:	280,718	1,911,694	291,700
– Gross Shorts:	520,545	1,769,963	193,604
– Long to Short Ratio:	0.5 to 1	1.1 to 1	1.5 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	29.0	59.5	76.1
– Strength Index Reading (3 Year Range):	Bearish	Bullish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-2.1	-0.1	5.7

 

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Dow Jones Mini Futures:

The Dow Jones Mini large speculator standing this week totaled a net position of 15,671 contracts in the data reported through Tuesday. This was a weekly gain of 1,085 contracts from the previous week which had a total of 14,586 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish-Extreme with a score of 85.8 percent. The commercials are Bearish-Extreme with a score of 12.4 percent and the small traders (not shown in chart) are Bullish with a score of 54.4 percent.

Price Trend-Following Model: Uptrend

Our weekly trend-following model classifies the current market price position as: Uptrend. The current action for the model is considered to be: Hold – Maintain Long Position.

Dow Jones Mini Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	26.9	50.6	14.4
– Percent of Open Interest Shorts:	13.0	66.5	12.4
– Net Position:	15,671	-17,818	2,147
– Gross Longs:	30,251	56,885	16,125
– Gross Shorts:	14,580	74,703	13,978
– Long to Short Ratio:	2.1 to 1	0.8 to 1	1.2 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	85.8	12.4	54.4
– Strength Index Reading (3 Year Range):	Bullish-Extreme	Bearish-Extreme	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-14.2	12.4	1.0

 

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Nasdaq Mini Futures:

The Nasdaq Mini large speculator standing this week totaled a net position of 1,395 contracts in the data reported through Tuesday. This was a weekly increase of 760 contracts from the previous week which had a total of 635 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 41.3 percent. The commercials are Bearish with a score of 43.0 percent and the small traders (not shown in chart) are Bullish-Extreme with a score of 94.0 percent.

Price Trend-Following Model: Uptrend

Our weekly trend-following model classifies the current market price position as: Uptrend. The current action for the model is considered to be: Hold – Maintain Long Position.

Nasdaq Mini Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	26.4	56.8	13.5
– Percent of Open Interest Shorts:	25.9	59.4	11.3
– Net Position:	1,395	-8,644	7,249
– Gross Longs:	87,501	188,656	44,899
– Gross Shorts:	86,106	197,300	37,650
– Long to Short Ratio:	1.0 to 1	1.0 to 1	1.2 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	41.3	43.0	94.0
– Strength Index Reading (3 Year Range):	Bearish	Bearish	Bullish-Extreme
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-58.7	43.0	-3.7

 

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Russell 2000 Mini Futures:

The Russell 2000 Mini large speculator standing this week totaled a net position of -19,094 contracts in the data reported through Tuesday. This was a weekly rise of 3,729 contracts from the previous week which had a total of -22,823 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 71.5 percent. The commercials are Bearish with a score of 30.1 percent and the small traders (not shown in chart) are Bearish with a score of 42.8 percent.

Price Trend-Following Model: Uptrend

Our weekly trend-following model classifies the current market price position as: Uptrend. The current action for the model is considered to be: Hold – Maintain Long Position.

Russell 2000 Mini Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	11.7	80.3	5.3
– Percent of Open Interest Shorts:	15.1	77.6	4.6
– Net Position:	-19,094	14,991	4,103
– Gross Longs:	66,221	453,340	29,908
– Gross Shorts:	85,315	438,349	25,805
– Long to Short Ratio:	0.8 to 1	1.0 to 1	1.2 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	71.5	30.1	42.8
– Strength Index Reading (3 Year Range):	Bullish	Bearish	Bearish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	-6.1	10.6	-26.6

 

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Nikkei Stock Average (USD) Futures:

The Nikkei Stock Average (USD) large speculator standing this week totaled a net position of -2,592 contracts in the data reported through Tuesday. This was a weekly advance of 1,604 contracts from the previous week which had a total of -4,196 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 48.2 percent. The commercials are Bearish with a score of 38.9 percent and the small traders (not shown in chart) are Bullish with a score of 71.2 percent.

Price Trend-Following Model: Uptrend

Our weekly trend-following model classifies the current market price position as: Uptrend. The current action for the model is considered to be: Hold – Maintain Long Position.

Nikkei Stock Average Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	11.7	63.6	24.7
– Percent of Open Interest Shorts:	26.0	60.9	13.1
– Net Position:	-2,592	501	2,091
– Gross Longs:	2,100	11,469	4,451
– Gross Shorts:	4,692	10,968	2,360
– Long to Short Ratio:	0.4 to 1	1.0 to 1	1.9 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	48.2	38.9	71.2
– Strength Index Reading (3 Year Range):	Bearish	Bearish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	9.0	-8.3	1.3

 

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MSCI EAFE Mini Futures:

The MSCI EAFE Mini large speculator standing this week totaled a net position of -20,943 contracts in the data reported through Tuesday. This was a weekly fall of -6,688 contracts from the previous week which had a total of -14,255 net contracts.

This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 44.7 percent. The commercials are Bearish with a score of 49.4 percent and the small traders (not shown in chart) are Bullish with a score of 61.2 percent.

Price Trend-Following Model: Uptrend

Our weekly trend-following model classifies the current market price position as: Uptrend. The current action for the model is considered to be: Hold – Maintain Long Position.

MSCI EAFE Mini Futures Statistics	SPECULATORS	COMMERCIALS	SMALL TRADERS
– Percent of Open Interest Longs:	7.9	88.8	2.9
– Percent of Open Interest Shorts:	12.1	86.4	1.1
– Net Position:	-20,943	12,062	8,881
– Gross Longs:	38,994	439,220	14,460
– Gross Shorts:	59,937	427,158	5,579
– Long to Short Ratio:	0.7 to 1	1.0 to 1	2.6 to 1
NET POSITION TREND:
– Strength Index Score (3 Year Range Pct):	44.7	49.4	61.2
– Strength Index Reading (3 Year Range):	Bearish	Bearish	Bullish
NET POSITION MOVEMENT INDEX:
– 6-Week Change in Strength Index:	8.9	-12.4	17.3

 

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Article By InvestMacro – Receive our weekly COT Newsletter

*COT Report: The COT data, released weekly to the public each Friday, is updated through the most recent Tuesday (data is 3 days old) and shows a quick view of how large speculators or non-commercials (for-profit traders) were positioned in the futures markets.

The CFTC categorizes trader positions according to commercial hedgers (traders who use futures contracts for hedging as part of the business), non-commercials (large traders who speculate to realize trading profits) and nonreportable traders (usually small traders/speculators) as well as their open interest (contracts open in the market at time of reporting). See CFTC criteria here.