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Sunday, January 07, 2018 8:59:23 AM
CoT: Peek Into Future Through Futures – How Hedge Funds Are Positioned
By: Hedgopia | January 6, 2018
Following futures positions of non-commercials are as of January 2, 2018.
Nasdaq 100 index (mini): Currently net long 17.9k, up 15k.
Shorts likely got cooked.
Mid-December (last year), short interest on QQQ (PowerShares QQQ trust) jumped 20.4 percent period-over-period to 64.2 million. On XLK, it shot up 20.1 percent to 38 million.
At one time, they were looking spot-on, as the Nasdaq 100 came under slight pressure after peaking at 6522.70 on the 18th last month. That was until the bulls defended the 20-day last Friday, followed by a new high of 6654.98 this Friday.
For the week, the cash surged four percent. Flows were not much of a factor. In the week to Wednesday, QQQ lost $2.2 billion (courtesy of ETF.com). But non-commercials were. . .
* * *
https://hedgopia.com/cot-peek-into-future-through-futures-how-hedge-funds-are-positioned-34/
• DiscoverGold
By: Hedgopia | January 6, 2018
Following futures positions of non-commercials are as of January 2, 2018.
Nasdaq 100 index (mini): Currently net long 17.9k, up 15k.
Shorts likely got cooked.
Mid-December (last year), short interest on QQQ (PowerShares QQQ trust) jumped 20.4 percent period-over-period to 64.2 million. On XLK, it shot up 20.1 percent to 38 million.
At one time, they were looking spot-on, as the Nasdaq 100 came under slight pressure after peaking at 6522.70 on the 18th last month. That was until the bulls defended the 20-day last Friday, followed by a new high of 6654.98 this Friday.
For the week, the cash surged four percent. Flows were not much of a factor. In the week to Wednesday, QQQ lost $2.2 billion (courtesy of ETF.com). But non-commercials were. . .
* * *
https://hedgopia.com/cot-peek-into-future-through-futures-how-hedge-funds-are-positioned-34/
• DiscoverGold
Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Your Due Dilegence is a must!
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