The report through this past Tuesday just came out and was somewhat surprising.
The market was up everyday for the 5 day period covered which would
normally bring a rise in Commercial shorting of the S&P's and Nasdaq 100 and yet
there was actually less overall short positions reported. Every good pullback
going back years occurs when the Commercials have large short positions. That is
not the case now. It's only one indicator, but it is actual positioning and for
now it's not showing high levels of risk for equities.
Commitment of Traders Report
Started by
Spectacular Bid
, Feb 17 2017 04:04 PM
6 replies to this topic
#2
kssmibotm
-
- Traders-Talk User
- 653 posts
Member
Posted 17 February 2017 - 06:01 PM
Why would that show "high levels of risk for equities". The fact that Commercials are NOT shorting should be bullish. Am I missing something?
People think the Holy Grail is something looked for but never found. In fact, it is something often found but rarely recognized.
#3
SemiBizz
-
- Traders-Talk User
- 23,208 posts
Volume Dynamics Specialist
Posted 17 February 2017 - 06:08 PM
Open interest has been shrinking at the top... that is not a bullish sign.
Price and Volume Forensics Specialist
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
#4
Spectacular Bid
-
- Traders-Talk User
- 852 posts
Member
Posted 17 February 2017 - 07:34 PM
Yes you are missing something. I said it is NOT showing a high level of risk for equities.
Edited by Spectacular Bid, 17 February 2017 - 07:35 PM.
#5
Spectacular Bid
-
- Traders-Talk User
- 852 posts
Member
Posted 17 February 2017 - 07:56 PM
"Open interest has been shrinking at the top... that is not a bullish sign."
There could be a 2% to 3% pullback at any time, but for something more significant of 5% to 8%
I'd expect a much bigger short position by commercials in both the Naz and S&P regardless of
open interest.
There could be a 2% to 3% pullback at any time, but for something more significant of 5% to 8%
I'd expect a much bigger short position by commercials in both the Naz and S&P regardless of
open interest.
Edited by Spectacular Bid, 17 February 2017 - 07:56 PM.
#6
thoughtpwr
-
- Traders-Talk User
- 1,269 posts
Member
Posted 19 February 2017 - 03:41 AM
Thx for input, I can use this.
#7
slupert
-
- Traders-Talk User
- 2,804 posts
Member
Posted 19 February 2017 - 09:14 PM
I'll admit I shorted too early, but i added some short on Friday too. I don't like the action I am seeing in the McClellan oscillator and the $vix. I conscience won't allow me to cover, so I am not going to. (JMHO)
