S&P 500 Mini Non-Commercial Speculator Positions:
Large stock market speculators decreased their bullish net positions in the S&P 500 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 212,603 contracts in the data reported through Tuesday April 3rd. This was a weekly decrease of -14,200 contracts from the previous week which had a total of 226,803 net contracts.
Speculative positions cooled off this week after a huge gain last week (+143,510 contracts). Overall, the net speculator position has now fallen for three out of the past four weeks although the current standing remains strongly bullish above the +200,000 net contract level.
S&P 500 Mini Commercial Positions:
The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -436,036 contracts on the week. This was a weekly shortfall of -52,693 contracts from the total net of -383,343 contracts reported the previous week.
SPDR S&P 500 ETF (NYSE:SPY):
Over the same weekly reporting time-frame, from Tuesday to Tuesday, the SPY ETF, which tracks the price of S&P 500 Index, closed at approximately $260.77 which was an uptick of $0.17 from the previous close of $260.60, according to unofficial market data.
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