Will positive earnings hold up the S&P, and what about low volume?

Market Pulse: July 25, 2011

COT Data

In the COT we see Commercials now net-long 85,871 contracts and Large Specs net-short -44,510 contracts. And view the actual raw data below from the COT regarding what group makes up 70% of Open Interest in the e-mini S&P. I hope you are not surprised.

Click on image to enlarge...

image

Commodity

12-mo low

12-mo hi

22-Jul

15-Jul

Cattle (feed)

-1,290

7,100

2,451

2,915

Cattle (live)

-73,179

10,437

-10,621

-5,712

Hogs

-35,979

21,270

-8,140

-3,182

Corn

-413,915

-38,391

-244,920

-221,479

Oats

-7,738

-2,538

-3,693

-3,314

Soybeans

-203,260

-47,513

-117,491

-69,619

Soybean meal

-90,487

-12,672

-39,885

-19,331

Soybean oil

-117,444

-9,892

-41,905

-29,979

Wheat

-32,577

55,729

48,476

52,730

Orange juice

-20,878

-6,588

-20,878

-20,670

Coffee

-47,729

-8,333

-10,251

-12,352

Cocoa

-41,808

8,586

-23,455

-23,290

Sugar

-221,694

-104,595

-184,127

-182,444

Cotton

-69,857

-19,593

-31,975

-28,125

British pound

-66,435

35,737

11,963

35,737

Canada dollar

-115,190

-13,109

-56,684

-46,621

Euro FX

-124,855

50,392

-6,486

-15,702

Japanese yen

-52,464

76,983

-46,962

-27,879

Swiss franc

-42,387

-13,390

-24,831

-21,944

US dollar index

-20,849

14,003

-13,160

-13,166

Mexican Peso

-140,414

-14,488

-95,092

-104,826

Australian dollar

-110,025

-41,514

-96,561

-85,990

S&P 500

-88,893

23,124

-38,329

-30,859

T-note -10 yr

-74,761

229,611

68,116

86,353

T-bond -30 yr

-43,324

88,803

50,029

86,206

Eurodollar

-1,179,414

81,781

8,329

-37,214

Crude oil

-319,669

-25,439

-185,103

-171,813

Heating oil

-66,097

7,568

-45,174

-40,748

RBOB Gasoline

-85,987

-10,453

-77,336

-72,976

Natural gas

108,160

228,910

137,173

154,126

Copper

-36,201

-2,547

-27,815

-25,564

Gold

-302,740

-193,197

-263,814

-244,249

Platinum

-34,909

-17,979

-22,239

-18,827

Silver

-65,413

-29,166

-39,513

-37,490

Commercial Net Tracker instructions: This form tracks the Commitment of Traders (COT) data for the commodity futures market. This form "looks" at the most recent five weeks of COT data and provides visual indications of the data. A) If the current value is at a 12-month low, the cell will display a red/burgundy background. B) If the current value is at a 12-month high, the cell will display a green background. C) If the current value went from net negative to net positive, the cell will display a blue background (indicating a bullish condition). D) If the current value is both a 12-month high and also went from a net negative to a net positive, the background will be green. You should view the data with green backgrounds to determine if they also went from net negative to net positive.

If you need help understanding how to understand how to use the COT report to your benefit, please email me at Gary@crbtrader.com and put COT report in the subject line. Please include your name and telephone number in the email.

Proceed to Page 3 for this week's detailed fundementals charts...

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