Combined COT Update
The COT report this week covers the week ending Dec 28, so no recent action is included. Also note that as with each end of quarter report, there is a sharp drop in open interest.
No change in the overall stance of the Commercials this week. COMMS LARGE SMALL
This Wk -77,052 +.2% -1,928 .... +78,980 -5.1%
Last Wk -77,229 +8.7% -5,965 .... +83,193 -6.0%
3 Weeks -84,628 +5.9% -3,903 .... +88,531 -4.4%
4 Weeks -89,979 .... -2,660 .... +92,640 ....
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.
There was however a noteworthy increase in the Commercials NDX short position:
ND+NQ futures:
Comm Large Small
Last Wk -4932 -73 5005
This Wk -7939 2349 5590
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 all the index futures (DJ, RL, MD, SP, SP mini, ND, ND mini) and then weighting and combining the positions.
Commercials change in individual markets from last week:
SP+es ND+nq DJ MD RL
+2.6% -61.0% +1.3% -12.8% +4.9%
(See the message I am replying to for the previous update. ccoott)
