Commitment of Traders – 24 Feb 2007

Here are the latest Commitment of Traders charts for Emini traders:

This week's Commitment of Traders reading is -7.8%

Professional net short positions now make up 7.8% of total open interest in all stock index futures. Professionals continue to offload short positions from the peak reached 5 weeks ago.

This week's Commitment of Traders Oscillator reading is +44

Cyan (light blue) dot = Low turning point; Red dot = High turning point

The oscillator turned down last week but had a small up-tick this week. The bearish divergence pattern mentioned last week is still on, but only just. This is a longer term market indicator and designed to highlight broad Emini up and down trends.

Remember, the Commitment of Traders data is collected weekly after the close on Tuesday and the Commitment of Traders Report is published after the close on Friday.