No new signals this week. Another quiet week in the land of the Commitments of Traders reports.
See my latest signals table for details of how traders are positioned in the latest COT data issued Friday afternoon by the U.S. Commodity Futures Trading Commission.
Notable is the steadily rising bullish positioning of the “smart money” commercial hedgers in S&P 500 futures and options.
The commercials have steadily built up their net position as a portion of total open interest since they bottomed out in early April.
Their positioning still hasn’t hit the level needed to flip my signal from bearish to bullish, but they’re getting closer.
Good luck this week.
SOURCE: COTs Timer – Read entire story here.