S&P500 Speculators boosted bullish bets this week

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S&P500 Non-Commercial Speculator Positions:

Large stock market speculators raised their net positions in the S&P500 futures markets to a new long position 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 292 contracts in the data reported through Tuesday November 28th. This was a weekly gain of 2,622 contracts from the previous week which had a total of -2,330 net contracts.

The large speculative positions had been in an overall short position for the previous four weeks before this week’s bullish increase pushed bets into a small bullish standing.

S&P500 Commercial Positions:


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The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of 5,673 contracts on the week. This was a weekly decrease of -3,674 contracts from the total net of 9,347 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 $262.87 which was an advance of $2.88 from the previous close of $259.99, 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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