Saturday 6 September 2008

Why Does It Take So Long to Publish the COT Data?

Latest Commitment of Traders report.

Emini Commitment of Traders Image

Commitment of Traders: Professionals -2.2% (short)

Bear in mind that the Commitment of Traders data is collected at the close on Tuesday, therefore, before the large sell-off we saw on Thursday. The Large contract (SP) professionals had increased their short positions from -0.3% to -2.2% of total open interest at the beginning of last week. This was the largest move we've seen in the COT data for about 2 months. Pity the data gets delayed!

Emini Commitment of Traders Oscillator Image

Commitment of Traders: Oscillator -50

The Commitment of Traders Oscillator also dropped from +105 to -50. So the over-bought reading we've had over the last 3 weeks has turned out to be correct. We're now down at -50 which is in "no man's land" and we'll have to wait for this week's Emini trading for more signals.

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. Follow this link to a feature article with a full explanation of this Commitment of Traders analysis.