Is the US stock market inhaling or exhaling?

Market Pulse: May 21

COT Data

On the weekly chart look at the COT Traders in Financial Futures chart. You can see over the past few weeks how Dealers have been liquidating net shorts now at -428,266, Asset Managers have been liquidating net longs now at 511,983 and Leveraged Funds this past week liquidated net shorts now at -352,937. Taking a closer look at the weekly chart and the newer COT report, look at the net short and net long positions of Dealers and Asset Managers when the S&P was trading around 1120, interesting isn’t it?

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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