S&P 500 Mini Non-Commercial Speculator Positions:
Large stock market speculators boosted 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&P 500 Mini futures, traded by large speculators and hedge funds, totaled a net position of 149,962 contracts in the data reported through Tuesday September 18th. This was a weekly gain of 27,742 contracts from the previous week which had a total of 122,220 net contracts.
This week’s rebound in bullish bets followed last week’s sharp decline (-40,012 contracts) that brought the spec position to the lowest level in twenty-six weeks. The gain this week pushed the current standing back over the +140,000 net contract level for the third time out of the past four weeks.
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 -239,851 contracts on the week. This was a weekly uptick of 12,626 contracts from the total net of -252,477 contracts reported the previous week.
S&P 500 Mini Futures:
Over the same weekly reporting time-frame, from Tuesday to Tuesday, the S&P 500 Mini Futures (Front Month) closed at approximately $2911.75 which was an advance of $22.0 from the previous close of $2889.75, according to unofficial market data.