~S&P500 COT & Chart Update~ ...Power View...
Image #1:
Here we see the slow continuation of De-leveraging by asset managers...Hedge funds continue to decrease their long positions and slowly are increasing their short positions...The same goes for other big investors (Other-Reportables), a note about them is that they still have a massive short position relative to long positions...OR's also have a bigger short position than both Asset Managers and Hedge Funds...It's getting bigger every week for the last three weeks...Open interest is rising...
Image # 2:
Here we see the consolidated view of Net Positions...You can see that Large Investors (Asset Manager,Hedge Funds,and OR's) had another big drop this week...Net Long positions have been heavily decreasing for three straight weeks...Retail traders continue to increase their Net Long positions (buying the dip apparently)...This week they had a decent jump in Long positions but also increased their short positions a bit so the NET position only increased slightly...It's still an increase though...This is an excellent opportunity to see if "Fading the Little Guys" will be true in this market situation, as they are obviously going against the Larger Traders (supposedly the Smart Money)...
Image # 3:
Here we can view the depth of the total NET positions (minus the market maker positions)...
As you can see here the total Net Long positions have been in decline for the last two weeks (but only slightly) while the Net Short positions have been increasing for the last three weeks...What to note here is that the Short positions are increasing a lot faster than the Long positions are decreasing...This is causing this correction to have an orderly feel to it...Another view is that they are establishing a bigger short stance before they really start to decrease Long positions at a faster rate...Only time will tell...
In summation, Large Trader Long positions have not decreased a significant amount (yet), but a heavy short stance is being structured...This can be interpreted in several ways but the reality is more data is needed to determine if this downward move will have legs...So far, this position only tells me that I wouldnt want to make any big directional bets at this time...There is a temporary bias to the downside, but how much more down will depend a lot on whether Large Traders decide to decrease their Long Positions to a heavier degree...So far that has not happened...Outlook for next week continues to be cautious...
Image # 4:
Daily view ~$SPX~...
Image # 5:
Weekly View ~$SPX~
Image # 6:
Monthly View ~$SPX~
Image #1:
Here we see the slow continuation of De-leveraging by asset managers...Hedge funds continue to decrease their long positions and slowly are increasing their short positions...The same goes for other big investors (Other-Reportables), a note about them is that they still have a massive short position relative to long positions...OR's also have a bigger short position than both Asset Managers and Hedge Funds...It's getting bigger every week for the last three weeks...Open interest is rising...
Image # 2:
Here we see the consolidated view of Net Positions...You can see that Large Investors (Asset Manager,Hedge Funds,and OR's) had another big drop this week...Net Long positions have been heavily decreasing for three straight weeks...Retail traders continue to increase their Net Long positions (buying the dip apparently)...This week they had a decent jump in Long positions but also increased their short positions a bit so the NET position only increased slightly...It's still an increase though...This is an excellent opportunity to see if "Fading the Little Guys" will be true in this market situation, as they are obviously going against the Larger Traders (supposedly the Smart Money)...
Image # 3:
Here we can view the depth of the total NET positions (minus the market maker positions)...
As you can see here the total Net Long positions have been in decline for the last two weeks (but only slightly) while the Net Short positions have been increasing for the last three weeks...What to note here is that the Short positions are increasing a lot faster than the Long positions are decreasing...This is causing this correction to have an orderly feel to it...Another view is that they are establishing a bigger short stance before they really start to decrease Long positions at a faster rate...Only time will tell...
In summation, Large Trader Long positions have not decreased a significant amount (yet), but a heavy short stance is being structured...This can be interpreted in several ways but the reality is more data is needed to determine if this downward move will have legs...So far, this position only tells me that I wouldnt want to make any big directional bets at this time...There is a temporary bias to the downside, but how much more down will depend a lot on whether Large Traders decide to decrease their Long Positions to a heavier degree...So far that has not happened...Outlook for next week continues to be cautious...
Image # 4:
Daily view ~$SPX~...
Image # 5:
Weekly View ~$SPX~
Image # 6:
Monthly View ~$SPX~
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