March 30th – By CountingPips.com – Receive our weekly COT Reports by Email
S&P500 Mini Non-Commercial Speculator Positions:
Large stock market speculators pushed their bets back into a bullish net position 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 24,139 contracts in the data reported through Tuesday March 26th. This was a weekly advance of 72,173 net contracts from the previous week which had a total of -48,034 net contracts.
The week’s net position was the result of the gross bullish position (longs) increasing by 30,207 contracts to a weekly total of 359,918 contracts that combined with the gross bearish position (shorts) which saw a decrease by -41,966 contracts for the week to a total of 335,779 contracts.
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The net speculative contract jump this week (+72,173) marks the highest one-week increase in just about exactly a year (March 27th, 2018). The speculator standing improved for a third straight week and is back in bullish territory for the first time since January 15th when the net position totaled +64,202 contracts.
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 4,347 contracts on the week. This was a weekly fall of -41,196 contracts from the total net of 45,543 contracts reported the previous week.
S&P500 Mini Futures:
Over the same weekly reporting time-frame, from Tuesday to Tuesday, the S&P500 Mini Futures (Front Month) closed at approximately $2823.00 which was a fall of $-13.50 from the previous close of $2836.50, 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