Combined COT Update (final)
The commercials are less short as of this Tuesday's close. While they unwond a large portion of their huge Dow long position, they also unloaded nearly half of that enormous S&P-mini short position.
COMMS LARGE SMALL
This Wk -84,628 +5.9% -3,903 .... +88,531 -4.4%
Last Wk -89,979 +1.7% -2,660 .... +92,640 -5.3%
3 Weeks -91,549 -11.1% -6,320 .... +97,868 +15.3%
4 Weeks -82,407 .... -2,458 .... +84,867 ....
A negative percentage indicates the group got shorter/less long and a positive percentage indicates they got longer/less short. 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 || Sep 10
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.
Commercials change in individual markets from last week:
SP+es ND+nq DJ MD RL
+7.6% +16.7% -23.2% +.7% -33.6%
(See the message I am replying to for the previous update. ccoott) |
