S&P500 Mini Speculators reduced their bullish net positions for 2nd week

April 14, 2018

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S&P500 Mini Non-Commercial Speculator Positions:

Large US stock market speculators slightly 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 209,616 contracts in the data reported through Tuesday April 10th. This was a weekly reduction of -2,987 contracts from the previous week which had a total of 212,603 net contracts.

Speculative positions declined for a second straight week but do remain above the +200,000 net contract level for a third week.


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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 -440,274 contracts on the week. This was a weekly shortfall of -4,238 contracts from the total net of -436,036 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 $265.15 which was a gain of $4.38 from the previous close of $260.77, 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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