SPDR S&P 500 (SPY): COT shows the commercials/boys are getti...

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learningboutinv

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learningboutinv

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Tuesday, 07/01/2008 5:16:50 PM

Tuesday, July 01, 2008 5:16:50 PM

COT shows the commercials/boys are getting bullish on the Dow... The Dow has taken a big beating so I wouldn't be surprised if it starts trading sideways to up in the next couple weeks.

But, commericals are still bearish on SPX & NDX as they reduced even more long positions. I know this data is a week late but I think it still helps. Scamman certainly used the data off softwarenorth.

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