The June 2012 E-mini S&P 500 opened last week at 1375 and closed the week at 1365. On the daily chart, we see a weak trending market with ADX at 18. MACD is bearish, adding divergence down and just crossing down below the zero line on the histogram. Stochastics seem to be pulling out of oversold territory, but look stuck.
Proceed to Page 2 for the latest COT Data...
I am very happy to report that we now post the newer COT report called Traders in Financial Futures, or TFF for short, on all weekly financial charts.
On the weekly chart below with only the Legacy report you see how Commercials this past week went from 48,337 contracts net long to -29,404 contracts net short. See the only group net long?
To see a much more transparent picture of big money look at the weekly chart with the newer TFF report. Here you see Dealers moving from -562,133 contracts net short to -487,477 contracts net short. Asset Managers went from 725,712 contracts net long to 640,070 contracts net long.
The TFF report really shows the “sell side” and “buy side” of not only the E-mini S&P, but all of the indices, interest rates and currency futures. If you are wondering how big “big money” is today, see the weekly chart below. It shocks me every time I see the number.
Have a prosperous trading week.
If you need help understanding how to understand how to use the NEW COT report to your benefit get instant access to my new e-book "What Lies Beneath ALL Trends". It is filled with eye opening information.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.
Proceed to Page 3 for this week's detailed fundementals...
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