Saturday 5 April 2008

Latest COT Report

COT Report shows the professionals are still bullish. See the latest charts below.

COT Report Image

COT Report: Professionals +1.9% (long)

The professionals (large SP contract) are still net long. Their long positions account for 1.9% of open interest, down a fraction from +2.3% last week.

COT Report Oscillator Image

COT Report: Oscillator +35

The COT Oscillator has crossed the zero line and finished the week at +35, up from -94 last week. This now confirms the low of the last cycle at 1,258 (blue cyan dot).

We got the break above the previous week's high that I was looking for as a sign of strength. This appears to confirm my longer term bullish outlook. However, that doesn't mean that we can't have smaller counter-trend moves, as suggested in Friday's article on the TRIN indicator.

The COT Oscillator is a longer term Emini indicator and designed to highlight broad trends. The COT data is collected weekly after the close on Tuesday and the COT Report is published after the close on Friday. Follow this link for a full explanation of this Commitment of Traders analysis.

Better Volume Indicator

I've updated my article on the Better Volume Indicator. The last version wasn't focussed and so this time I've tried to keep it to Emini day trading. There are 2 new videos, TradeStation Easylanguage code and the article is available in PDF format, so you can download it to read later. Check out the Better Volume Indicator article here.

Emini-Watch Contest

The contest will be kept open until after next weekend. Click on the button below to enter or follow this contest link.

Emini-Watch Contest Image

Like this article? Sign up for Free Email Updates or subscribe to the RSS Feed.


Emini trading articles filed under Commitment of Traders :

Filed Under Commitment of Traders

Popular Emini Trading Articles

Free Emini Trading Report

Emini Trading Report
Emini Trading - Free Report Coming Soon!

Subscribe to Emini-Watch