Huge shift in some of the markets last week in the Commitments of Traders data. As you can see from my latest signals table, the data for my trading setup for the BKX U.S. Bank Index has moved dramatically to a bullish outlook. The two-week trade delay for one of the signals is the only reason the setup has moved to cash, rather than outright bullish. However, the jumps in the large spec and small trader total open interest are quite bullish as that data is well correlated with next-week BKX prices. In the S&P 500 data, the small traders, the wrong-way money in this market, are a tiny hair away from getting so bearish that it would push their signal into the bullish column. Like the COT data for U.S. financials, there's some kind of sea change happening in this market, too. The "smart money" commercial hedgers are also gradually shifting positions to more bullish territory, though they're still a little dubious about being overly long.