By CountingPips.com – Receive our weekly COT Reports by Email
S&P500 Mini Non-Commercial Speculator Positions:
Large stock market speculators increased their bullish net positions in the S&P500 Mini futures markets 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 Mini futures, traded by large speculators and hedge funds, totaled a net position of 197,186 contracts in the data reported through Tuesday June 26th. This was a weekly rise of 7,967 contracts from the previous week which had a total of 189,219 net contracts.
Speculative positions in the SP500 mini contracts have now risen for four straight weeks to the best positions since May 15th when net positions totaled 198,805 contracts.
S&P500 Mini Commercial Positions:
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The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -275,264 contracts on the week. This was a weekly decline of -35,707 contracts from the total net of -239,557 contracts reported the previous week.
The commercials added to their bearish bets this week after a huge reduction of their overall bearish position last week. Overall, the commercials have added to bearish bets for seven out of the past ten weeks.
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 $271.60 which was a loss of $-3.90 from the previous close of $275.50, 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 – Receive our weekly COT Reports by Email
