Quite a few new signals taking effect on next week's open of trading based on my trading signals built around the free weekly Commitments of Traders data:
- Nasdaq-100: After a week of cash, NDX goes back to bearish. It was bearish nine weeks previously, losing 9.7%. Hopefully, this time around will be better! Large speculator positioning, which my setup fades, remains highly bullish this past week.
And commercial trader positioning, which my setup trades alongside of, has reversed from last Friday's bullishness back to doom and gloom.
- Nikkei: Fifteen weeks in the bearish column is over for this setup for at least a week and possibly more. That depends in part on the commercial total open interest, which got suddenly quite bullish two weeks ago, then reversed a got a heck of a lot more bearish again.
The small trader open interest remains steadfastly bearish, but who knows what next week will bring!
- Natural gas: Another winning signal (knock on wood! - a lot can happen before the open of trading) from my favourite trading setup. This one was bullish for just a week and goes to cash on Monday's open. Trader positioning already looks set in a bearish direction, and we could see this setup go short in two weeks' time if traders keep doing what they're doing right now.
- Copper: This setup is back to bearish after three weeks in cash.
See my latest signals table for more details on trader positioning in these and the other markets I follow using the U.S. Commodity Futures Trading Commission's COT data. Good luck next week.