S&P500 Mini Speculators lowered their bullish bets for 3rd week

August 11, 2018

August 11, 2018 – By CountingPips.comReceive our weekly COT Reports by Email

S&P500 Mini Non-Commercial Speculator Positions:

Large stock market speculators cut back on their bullish net positions in the S&P500 Mini futures markets for a third consecutive 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 165,239 contracts in the data reported through Tuesday August 7th. This was a weekly fall of -5,063 contracts from the previous week which had a total of 170,302 net contracts.

The speculative bullish position has declined by a total of -17,733 net contracts over the past three weeks after previously rising for six out of the prior seven weeks. The overall net standing has now fallen under the +170,000 net contract level for the first time in the last five weeks.


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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 -276,704 contracts on the week. This was a weekly increase of 5,461 contracts from the total net of -282,165 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 $285.58 which was a gain of $4.25 from the previous close of $281.33, 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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