The 10-13 Week Cycle

SPX Commitment of Trader Report - Bullish

Posted By: zigbearzag / Date: 12/27/2002 at 19:52:39

SPX COT

Commercials (smart money) decreased the number of net shorts; i.e. became less bearish; more bullish

Small Traders (sheep) decreased the number of net longs; i.e. became less bullish; more bearish

Large Traders decreased the number of net shorts; i.e. became less bearish; more bullish

........This week.....last week...chg......%
comm: -58,667 ... -63,535 ... 4,868 ... -7.7% (less net short)
small: 80,520 ... 103,937 ... -23,417 ... -22.5% (less net long)
large: -21,853 ... -40,402 ... 18,549 ... -45.9% (less net short)

Interesting numbers. The conclusion would be bullish for SPX. (caveat- the numbers are as of tues data, 12/24)

Small investors less bullish means they are becoming more bearish ... typically means bullishness for SPX

Comm'l investor less bearish means they are becoming more bullish...typically they are smart money and this is bullishness for SPX.

(UNQUOTE: ZBZ on wallstbear.com)