By CountingPips.com – Receive our weekly COT Reports by Email
S&P500 Non-Commercial Speculator Positions:
Large speculators continued to lift their net positions in the S&P500 futures markets higher 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 futures, traded by large speculators and hedge funds, totaled a net position of 2,627 contracts in the data reported through Tuesday July 11th. This was a weekly gain of 348 contracts from the previous week which had a total of 2,279 net contracts.
Large S&P500 speculators have now boosted their positions in each of the past six weeks to the highest level since April 25th when spec net positions totaled +4,238 contracts.
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S&P500 Commercial Positions:
The commercial traders position, categorized by the CFTC as hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -14,956 contracts on the week. This was a weekly decrease of -3,154 contracts from the total net of -11,802 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 $242.19 which was a drop of $-0.02 from the previous close of $242.21, 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 – Weekly COT Report