Saturday 13 October 2007

Latest Commitment of Traders Report

The latest Commitment of Traders report shows that Professionals are unwinding some of their long positions but are still bullish.

Latest Commitment of Traders Image

Latest Commitment of Traders Report

The chart above shows the Professionals are net long and their long positions account for 6.2% of total open interest in all stock index futures. This is down 0.5% from last week and down 4.6% from the peak reading just over a month ago.

Latest Commitment of Traders Oscillator Image

Latest Commitment of Traders Oscillator Reading

The chart above shows the latest Commitment of Traders Oscillator reading is +88, up from +86 last week. We're now in overbought territory and looking for market weakness to signal the next leg down.

Remember, this is a longer term Emini indicator and designed to highlight broad trends. The Commitment of Traders Report data is collected after the close on Tuesday each week and then published after the close on Friday. Click here for a full explanation of this Commitment of Traders analysis.




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