According to the government sources, the commercials changed their net future positions of various indexes as the following:
| Index | Trader Group | 11/9/2007 | 11/16/2007 | Difference | Dow | Commercials | -1093 | -69 | 1024 | Nasdaq | Commercials | 6050 | 10273 | 4223 | S&P 500 | Commercials | 46398 | 45139 | -1259 | Russ | Commercials | 4754 | 4776 | 22 | VIX | Commercials | 119 | 4177 | 4058 |
They increased their long positions in NASD slightly, but they were big buyers of VIX index, expecting volatility to increase.
Last week's volatile action is giving a marginally better look to the index charts as we head toward the Thanksgiving holiday but there are still no bottoming signals in place.
Market Swimmer
