By CountingPips.com – Receive our weekly COT Reports by Email
S&P500 Non-Commercial Speculator Positions:
Large stock market speculators decreased their net positions in the S&P500 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 futures, traded by large speculators and hedge funds, totaled a net position of 1,532 contracts in the data reported through Tuesday December 26th. This was a weekly reduction of -3,052 contracts from the previous week which had a total of 4,584 net contracts.
Speculative positions had risen for three straight weeks before this week’s decline. The overall position has remained in a slightly neutral level (hovering around the zero level) for more than ten weeks.
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S&P500 Commercial Positions:
The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -6,461 contracts on the week. This was a weekly shortfall of -10,509 contracts from the total net of 4,048 contracts reported the previous week.
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 $267.17 which was a gain of $1.75 from the previous close of $265.42, 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