Will the S&P 500 hit new highs in 2013?

Market Pulse: October 23

COT Data

On the weekly charts, you can see Dealer Int. increase their net shorts from -569,818 contracts on Oct. 12 to -605,042 contracts net short on Oct. 19. Leveraged Funds were net short -327,779 contracts on Oct. 12 and dropped to -287,165 contracts net short. Now on the buy side we see Asset Managers increasing their not longs from 823,230 contracts to 839,064 contracts net long on Oct. 19. Look at what happens to the E-mini S&P when Dealer Int. start liquidating net shorts. Watching this will give you an edge for catching the next major drop when it occurs. 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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