S&P 500 Smart Money Sentiment 8/7/18 – Prepare For New All Time Highs

in #money6 years ago

The Commitments of Traders (COT) is a weekly market report issued by the Commodity Futures Trading Commission (CFTC) listing the positions held by commercial traders and the “Smart Money”, the hedge funds and bank institutions in various futures markets in the United States. Since the COT measures the net long and short positions held by speculative traders and commercial traders, it is a great resource to gauge sentiment in the Markets.

The S&P 500 is within 1% of making a new all-time high. The S&P 500 breached the 2800 level for the first time in Feb. It’s been a slow grind back to the top, but the Markets remain resilient. Despite the Smart Money decreasing their long positions the last couple of weeks, since May 29th, the Smart Money is net long an additional by 45k contracts, in total 170,302 contracts. Overall, the Smart Money remains 60% long and 40% short with Sentiment being 85% Bullish. Thus, the S&P 500 Smart Money Sentiment suggest new all-time highs shortly.

This post is my personal opinion. I’m not a financial advisor, this isn't financial advise. Do your own research before making investment decisions.

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by rollandthomas


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COT is a great tool. I regularly get updates with respect to extremes (whichever segment that has one) from one of my newsletters. I tried interpreting the actual report one time, and it didn't go well. I'm assuming you take the data and transform it when it comes out on Friday's into a useful output...

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