... I'll continue to hold my SUNW shares long-term now ... however, the new Commodity Futures Trading Commission biweekly report was released yesterday ... and the 'commercials' (known, in full, as the 'commercial hedgers')- the so called big or smart money who are almost never wrong - are more 'short' the S&P 500 than they have ever been ... they are net 'short' 66,352 contracts @ $23,437 per contract = $1,555,091,824 or $1.5 billion ...
... the 'small traders', on the other hand, continue to get more net 'long' the S&P 500 to 66,133 contracts or $1,549,959,121 or $1.5 billion ...
... something absolutely has to give here (and on the negative side in my opinion), but probably not until the 'commercials' start to significantly cover their 'shorts' ... when they get close to neutral, the major damage should be over (again, my opinion) ... if the 'commercials' keep getting more 'short' (as they have been doing continuously since May), the worst damage may not come until after January 1 ...
... I will probably sell my December 'put' on the S&P 500 in the next two weeks or so and buy an additional March 'put' ... this bear has not even started to show its ugly nature ...
Disclaimer: The above is my personal opinion. I recommend that you do not base your investment decisions solely on any one person's views or analysis (including mine). Do your own research and take personal responsibility for your investment decisions.
Ken Wilson |
