SPDR S&P 500 (SPY)

[learningboutinv]

Foot,

Looking at the COT report, Commercials is still Bullish NDX and DJIA but have been less bullish in the NDX in recent weeks. SPX is at 49%, a bullish a drop as well in past couple of weeks. On another note, small retailers have been bullish and picking up the slack. (Something we don't want to be is the same side as the small speculators). This doesn't really bode well for the new year. I'm going to try to get mostly into a cash position and out of my long positions in any U.S. stocks/equities end of day and figure out what to do next year. Keeping European/Asian funds for now.

SPX, NDX, DJIA all looks neutral at the moment with a symmetrical triangle. (Edited - on a Daily time frame).

NDX - a drop in the past 3 weeks from 57% bullish to 53%.

http://www.softwarenorth.net/cot/current/charts/ND.png

SPX - a drop from 53% to 49%

http://www.softwarenorth.net/cot/current/charts/SP.png

DJ - an increase from 54% to 65%

http://www.softwarenorth.net/cot/current/charts/DJ.png