S&P 500 Mini Speculators Lifted Bullish Bets
Zachary Storella | May 26, 2019 02:45AM ET
S&P500 Mini Non-Commercial Speculator Positions:
Large stock market speculators increased their bullish net positions in the S&P500 Mini futures markets this 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 Mini futures, traded by large speculators and hedge funds, totaled a net position of 100,755 contracts in the data reported through Tuesday, May 21st. This was a weekly gain of 6,866 net contracts from the previous week which had a total of 93,889 net contracts.
The week’s net position was the result of the gross bullish position (longs) increasing by 1,557 contracts (to a weekly total of 423,907 contracts) while the gross bearish position (shorts) declined by -5,309 contracts for the week (to a total of 323,152 contracts).
The net speculative position rose for the third time out of the past four weeks but for all of those weeks, it was because more short positions exited their holdings and not because a big rush of bullish bets come into the market.
Overall, the net bullish position is now at the best level since January 8th when the net position total +131,833 contracts.
S&P500 Mini Commercial Positions:
The commercial traders' position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -57,090 contracts on the week. This was a weekly fall of -8,109 contracts from the total net of -48,981 contracts reported the previous week.
S&P500 Mini Futures:
Over the same weekly reporting time-frame, from Tuesday to Tuesday, the S&P500 Mini Futures (Front Month) closed at approximately $2866.00 which was a boost of $26.75 from the previous close of $2839.25, according to unofficial market data.
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.