May 25th – By CountingPips.com – Receive our weekly COT Reports by Email
S&P500 Mini Non-Commercial Speculator Positions:
Large stock market speculators increased 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 100,755 contracts in the data reported through Tuesday May 21st. This was a weekly gain of 6,866 net contracts from the previous week which had a total of 93,889 net contracts.
The week’s net position was the result of the gross bullish position (longs) increasing by 1,557 contracts (to a weekly total of 423,907 contracts) while the gross bearish position (shorts) declined by -5,309 contracts for the week (to a total of 323,152 contracts).
The net speculative position rose for the third time out of the past four weeks but for all of those weeks it was because more short positions exited their holdings and not because a big rush of bullish bets come into the market.
Overall, the net bullish position is now at the best level since January 8th when the net position total +131,833 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 -57,090 contracts on the week. This was a weekly fall of -8,109 contracts from the total net of -48,981 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 $2866.00 which was a boost of $26.75 from the previous close of $2839.25, 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