S&P500 Speculators reduced their net positions this week

January 6, 2018

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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 -788 contracts in the data reported through Tuesday January 2nd. This was a weekly decrease of -3,030 contracts from the previous week which had a total of 2,242 net contracts.

Speculative positions have now fallen into a small bearish level (-788 contracts) following five weeks in bullish territory.


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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 -418 contracts on the week. This was a weekly gain of 2,731 contracts from the total net of -3,149 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 $268.77 which was an uptick of $1.58 from the previous close of $267.19, 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).

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