By CountingPips.com – Receive our weekly COT Reports by Email
S&P500 Non-Commercial Speculator Positions:
Large speculators raised their bets against the S&P500 futures markets again this week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.
The non-commercial futures contracts of S&P500 futures, traded by large speculators and hedge funds, totaled a net position of -5,839 contracts in the data reported through Tuesday September 12th. This was a weekly lowering of -1,811 contracts from the previous week which had a total of -4,028 net contracts.
Bearish speculative positions have risen for five straight weeks and to the most bearish level since June 6th when net positions totaled -7,343 contracts.
S&P500 Commercial Positions:
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The commercial traders position, categorized by the CFTC as hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -846 contracts on the week. This was a weekly gain of 1,421 contracts from the total net of -2,267 contracts reported the previous week.
SPY ETF:
Over the same weekly reporting time-frame, from Tuesday to Tuesday, the SPY ETF, which tracks the price of S&P500 Index, closed at approximately $250.05 which was a gain of $3.99 from the previous close of $246.06, according to unofficial market data.
*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) as well as the commercial traders (hedgers & traders for business purposes) 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). Find CFTC criteria here: (http://www.cftc.gov/MarketReports/CommitmentsofTraders/ExplanatoryNotes/index.htm).
Article by CountingPips.com – Weekly COT Report
