According to the Commodity Futures Trading Commission (CFTC, A U.S. federal agency established by the Commodity Futures Trading Commission Act of 1974), here is a picture of how the commercials, large traders and small investors betting on the futures market:
On 9/13:
NASD-100: Commercial decreased slightly to 25,680
Russ-2000: Commercial increased to 9,224
SNP-500: Commercial decreased from 11,980 to 6,800. This the second week in a roll.
Guru report will follow.
Swimmer
Saturday, September 15, 2007
Smart Money Report
Subscribe to:
Post Comments (Atom)
2 comments:
hey swim nice detective work-so the rusis geting extra attention while the are cutting back on the majors????????????????? what exactly does that mean???
who is holding the bag right now?not me cause cash is king-thing that sucks is if everything fell apart you wouls have to pay a wheel barrow full of money for a loaf of bred-like i said i do not trust the major players-they all use quant or some version thereof so a sell signal would mean a oversold condition lasting for awhile until they felt like buying back in-something like that would destroy MKT confidence-how could they convince retail to buy back into the MKT after losing most of their money/retirement on the bigger fool theory? i am watching waiting and listening swim-keep up thje good work-spud
Market is in great confusion right now, in certain extend it depends on a rate cut. If indeed there will be cut and it's half a percent, market will rally. Market has already priced in a quarter of percent.
On the other hand, Russell 2000, commercial increase holding is a good sign. Based on my experience, if they reached 10,000, market will rally. We are not there yet. NASD's decrease is nothing, SnP lower than usual worries me. Again, they may buy one thing, hedge their bet on the other.
I will put our another China Syndrome to please the average surfer, first, then the Guru View will give more detail.
Please hang in there.
Thanks,
Swimmer
Post a Comment