Virtual COT Update
Big increase in the commercials short position. Nice increase in the large speculator short position as well. Those small speculators can't get long enough, fast enough.
This week we had a very nice up day on Wednesday that would not be reflected in this report.
COMMS LARGE SMALL
This Wk -91,549 -11.1% -6,320 .... +97,868 +15.3%
Last Wk -82,407 - 7.3% -2,458 .... +84,867 + 5.8%
3 Weeks -76,766 - 9.0% -3,445 .... +80,210 +10.6%
4 Weeks -70,428 .... -2,127 .... +72,555 ....
A negative percentage indicates the group got shorter. Percentage change is not shown for small numbers.
Below is a crude chart showing the Commercials' short position since the extreme set at the Mar 6, 2001 report. The vertical axis is the number of contracts short and the horizontal is a column for each week.
135,000 :
130,000 |
125,000 |
120,000 |
115,000 ||
110,000 ||
105,000 || |
100,000 || : .||
95,000 || | : .|. ::...||| .
90,000 || |::| |||.|||||||| |
85,000 ||: ||||..||||||||||||. .|
80,000 ||| : ||||||||||||||||||| .||
75,000 |||| |.| ||||||||||||||||||| |||
70,000 |||| ||| ||||||||||||||||||| ||||
65,000 |||||||| |||||||||||||||||||| :||||
60,000 |||||||| |||||||||||||||||||||: |||||
55,000 ||||||||.|||||||||||||||||||||||||:|||||
50,000 ||||||||||||||||||||||||||||||||||||||||
A reminder that my numbers are based on virtual S&P contracts by taking the all the index futures (DJ, RL, MD, SP, SP mini, ND, ND mini) and then weighting and combining the positions.
Note as well that the COT report, although released on Fridays, is as of the prior Tuesday's close.
(See the message I am replying to for the previous update. ccoott) |
