S&P500 Non-Commercial Positions:
Large speculators and traders slightly increased their net positions in the S&P500 stock futures markets last week and pushed their bullish bets higher for a second week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.
The non-commercial futures contracts of S&P500 futures, traded by large speculators and hedge funds, totaled a net position of 2,285 contracts in the data reported through February 21st. This was a weekly gain of 996 contracts from the previous week which had a total of 1,289 net contracts.
Speculative positions are now in bullish territory for a second straight week after dipping into a small bearish position on February 7th at -1,688 contracts.
S&P500 Commercial Positions:
The commercial traders position, categorized by the CFTC as hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -9,516 contracts last week. This is a weekly change of -5,808 contracts from the total net of -3,708 contracts reported the previous week.
S&P500 Stock Market Index:
Over the same weekly reporting time-frame, from Tuesday to Tuesday, the S&P500 index closed at approximately 2365.37 which was a change of 27.79 from the previous close of 2337.58, according to market data.
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