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S&P500 Mini Non-Commercial Speculator Positions:
Large stock market speculators decreased 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 212,603 contracts in the data reported through Tuesday April 3rd. This was a weekly decrease of -14,200 contracts from the previous week which had a total of 226,803 net contracts.
Speculative positions cooled off this week after a huge gain last week (+143,510 contracts). Overall, the net speculator position has now fallen for three out of the past four weeks although the current standing remains strongly bullish above the +200,000 net contract level.
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S&P500 Mini Commercial Positions:
The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -436,036 contracts on the week. This was a weekly shortfall of -52,693 contracts from the total net of -383,343 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 $260.77 which was an uptick of $0.17 from the previous close of $260.60, 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