S&P500 Mini Non-Commercial Speculator Positions:
Large stock market speculators slightly lifted 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 201,412 contracts in the data reported through Tuesday November 13th. This was a weekly rise of 3,390 net contracts from the previous week which had a total of 198,022 net contracts.
This week’s net position was the result of the gross bullish position increasing by 16,735 contracts to a weekly total of 485,689 contracts and offsetting an advance in the the gross bearish position by 13,345 contracts for the week to a total of 284,277 contracts.
The sp mini speculative net position had fallen sharply last week by -64,986 contracts and fallen under the +200,000 contract level before this week’s slight turnaround. The current spec standing remains strongly bullish and is back above the +200,000 contract level this week for the fifth time out of the past six weeks.
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 -241,157 contracts on the week. This was a weekly drop of -76 contracts from the total net of -241,081 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 $2727.50 which was a loss of $-31.50 from the previous close of $2759.00, according to unofficial market data.