COT Stock Market Charts: Weekly Speculator Changes led by S&P500-Mini

<p><strong>By <a href="https://www.investmacro.com/"><u>InvestMacro</u></a></strong></p>
<p><a href="https://investmacro.com/wp-content/uploads/2023/08/COT-Stock-Futures-Open-Interest-Comparison.png"><img data-dominant-color="463717" data-has-transparency="true" style="–dominant-color: #463717;" decoding="async" loading="lazy" class="has-transparency aligncenter size-full wp-image-215018" src="https://investmacro.com/wp-content/uploads/2023/08/COT-Stock-Futures-Open-Interest-Comparison.png" alt="" width="559" height="345" srcset="https://investmacro.com/wp-content/uploads/2023/08/COT-Stock-Futures-Open-Interest-Comparison.png 559w, https://investmacro.com/wp-content/uploads/2023/08/COT-Stock-Futures-Open-Interest-Comparison-160×99.png 160w, https://investmacro.com/wp-content/uploads/2023/08/COT-Stock-Futures-Open-Interest-Comparison-150×93.png 150w" sizes="(max-width: 559px) 100vw, 559px" /></a></p>
<p>Here are the latest charts and statistics for the <a href="https://www.investmacro.com/cot/">Commitment of Traders (COT)</a> data published by the Commodities Futures Trading Commission (CFTC).</p>
<p>The latest COT data is updated through <b>Tuesday August 8th</b> and shows a quick view of how large traders (<a href="https://investmacro.com/cot-reports/">for-profit speculators</a> and commercial entities) were positioned in the futures markets.</p>
<h2>Weekly Speculator Changes led by S&amp;P500-Mini</h2>
<p><a href="https://investmacro.com/wp-content/uploads/2023/08/Stocks-Futures-Speculator-Net-Position-Changes.png"><img data-dominant-color="0c1016" data-has-transparency="true" style="–dominant-color: #0c1016;" decoding="async" loading="lazy" class="has-transparency aligncenter size-full wp-image-215017" src="https://investmacro.com/wp-content/uploads/2023/08/Stocks-Futures-Speculator-Net-Position-Changes.png" alt="" width="559" height="345" srcset="https://investmacro.com/wp-content/uploads/2023/08/Stocks-Futures-Speculator-Net-Position-Changes.png 559w, https://investmacro.com/wp-content/uploads/2023/08/Stocks-Futures-Speculator-Net-Position-Changes-160×99.png 160w, https://investmacro.com/wp-content/uploads/2023/08/Stocks-Futures-Speculator-Net-Position-Changes-150×93.png 150w" sizes="(max-width: 559px) 100vw, 559px" /></a></p>
<p>The COT <a href="https://investmacro.com/stock-market-news/">stock markets</a> speculator bets were higher this week as six out of the seven stock markets we cover had higher positioning while only one market had lower speculator contracts.</p>
<p>Leading the gains for the stock markets was the S&amp;P500-Mini (40,478 contracts) with the DowJones-Mini (2,451 contracts), MSCI EAFE-Mini (1,279 contracts), Nasdaq-Mini (526 contracts), Nikkei 225 (180 contracts) and the Russell-Mini (1,780 contracts) also showing positive weeks.</p>
<p>The market with a decline in speculator bets this week was the VIX with a drop of -2,238 contracts on the week.</p>
<hr />
<div>Data Snapshot of Stock Market Traders | <a href="https://www.investmacro.com/wp-content/uploads/2021/04/Data_Tables_Labels-2.png"><u>Columns Legend</u></a></div>
<div>
<table border="1">
<thead>
<tr>
<th>Aug-08-2023</th>
<th>OI</th>
<th>OI-Index</th>
<th>Spec-Net</th>
<th>Spec-Index</th>
<th>Com-Net</th>
<th>COM-Index</th>
<th>Smalls-Net</th>
<th>Smalls-Index</th>
</tr>
</thead>
<tbody>
<tr>
<td>S&amp;P500-Mini</td>
<td>2,221,709</td>
<td>23</td>
<td>-159,570</td>
<td>41</td>
<td>139,895</td>
<td>59</td>
<td>19,675</td>
<td>51</td>
</tr>
<tr>
<td>Nikkei 225</td>
<td>16,187</td>
<td>17</td>
<td>-666</td>
<td>65</td>
<td>-453</td>
<td>33</td>
<td>1,119</td>
<td>42</td>
</tr>
<tr>
<td>Nasdaq-Mini</td>
<td>267,797</td>
<td>43</td>
<td>-10,879</td>
<td>71</td>
<td>13,627</td>
<td>32</td>
<td>-2,748</td>
<td>48</td>
</tr>
<tr>
<td>DowJones-Mini</td>
<td>106,566</td>
<td>75</td>
<td>4,031</td>
<td>85</td>
<td>-2,467</td>
<td>29</td>
<td>-1,564</td>
<td>36</td>
</tr>
<tr>
<td>VIX</td>
<td>376,604</td>
<td>61</td>
<td>-44,404</td>
<td>87</td>
<td>48,882</td>
<td>11</td>
<td>-4,478</td>
<td>73</td>
</tr>
<tr>
<td>Nikkei 225 Yen</td>
<td>48,866</td>
<td>33</td>
<td>5,831</td>
<td>52</td>
<td>15,504</td>
<td>53</td>
<td>-21,335</td>
<td>38</td>
</tr>
</tbody>
</table>
</div>
<p>&nbsp;</p>
<hr />
<h2>Strength Scores led by VIX &amp; DowJones-Mini</h2>
<p><a href="https://investmacro.com/wp-content/uploads/2023/08/Stocks-Speculator-Strength-Scores-3-YR-Range-0-100.png"><img data-dominant-color="1b2c48" data-has-transparency="true" style="–dominant-color: #1b2c48;" decoding="async" loading="lazy" class="has-transparency aligncenter size-full wp-image-215016" src="https://investmacro.com/wp-content/uploads/2023/08/Stocks-Speculator-Strength-Scores-3-YR-Range-0-100.png" alt="" width="571" height="345" srcset="https://investmacro.com/wp-content/uploads/2023/08/Stocks-Speculator-Strength-Scores-3-YR-Range-0-100.png 571w, https://investmacro.com/wp-content/uploads/2023/08/Stocks-Speculator-Strength-Scores-3-YR-Range-0-100-160×97.png 160w, https://investmacro.com/wp-content/uploads/2023/08/Stocks-Speculator-Strength-Scores-3-YR-Range-0-100-150×91.png 150w" sizes="(max-width: 571px) 100vw, 571px" /></a></p>
<p><a href="https://investmacro.com/cot-leaders/#specs">COT Strength Scores</a> (a normalized measure of Speculator positions over a 3-Year range, from 0 to 100 where above 80 is Extreme-Bullish and below 20 is Extreme-Bearish) showed that the VIX (87 percent) and the DowJones-Mini (85 percent) lead the stock markets this week. The Nasdaq-Mini (71 percent) and Nikkei 225 (65 percent) come in as the next highest in the weekly strength scores.</p>
<p>On the downside, the MSCI EAFE-Mini (16 percent) comes in at the lowest strength level currently and is in Extreme-Bearish territory (below 20 percent). The next lowest strength score is the Russell-Mini (33 percent).</p>
<p align="center"><strong>Strength Statistics:</strong><br />
VIX (87.1 percent) vs VIX previous week (88.7 percent)<br />
S&amp;P500-Mini (40.9 percent) vs S&amp;P500-Mini previous week (34.9 percent)<br />
DowJones-Mini (85.3 percent) vs DowJones-Mini previous week (78.4 percent)<br />
Nasdaq-Mini (70.9 percent) vs Nasdaq-Mini previous week (70.6 percent)<br />
Russell2000-Mini (33.3 percent) vs Russell2000-Mini previous week (32.2 percent)<br />
Nikkei USD (64.7 percent) vs Nikkei USD previous week (63.6 percent)<br />
EAFE-Mini (16.3 percent) vs EAFE-Mini previous week (14.7 percent)</p>
<p>&nbsp;</p>
<h2>DowJones-Mini &amp; Nikkei 225 top the 6-Week Strength Trends</h2>
<p><a href="https://investmacro.com/wp-content/uploads/2023/08/Stocks-Speculator-Strength-Score-Trends-6-Weeks.png"><img data-dominant-color="1e1010" data-has-transparency="true" style="–dominant-color: #1e1010;" decoding="async" loading="lazy" class="has-transparency aligncenter size-full wp-image-215015" src="https://investmacro.com/wp-content/uploads/2023/08/Stocks-Speculator-Strength-Score-Trends-6-Weeks.png" alt="" width="551" height="345" srcset="https://investmacro.com/wp-content/uploads/2023/08/Stocks-Speculator-Strength-Score-Trends-6-Weeks.png 551w, https://investmacro.com/wp-content/uploads/2023/08/Stocks-Speculator-Strength-Score-Trends-6-Weeks-160×100.png 160w, https://investmacro.com/wp-content/uploads/2023/08/Stocks-Speculator-Strength-Score-Trends-6-Weeks-150×94.png 150w, https://investmacro.com/wp-content/uploads/2023/08/Stocks-Speculator-Strength-Score-Trends-6-Weeks-400×250.png 400w" sizes="(max-width: 551px) 100vw, 551px" /></a></p>
<p><a href="https://investmacro.com/cot-leaders/#specs">COT Strength Score Trends</a> (or move index, calculates the 6-week changes in strength scores) showed that the DowJones-Mini (65 percent) leads the past six weeks trends for the stock markets. The Nikkei 225 (36 percent), the VIX (15 percent) and the S&amp;P500-Mini (7 percent) are the next highest positive movers in the latest trends data.</p>
<p>The Nasdaq-Mini (-16 percent) leads the downside trend scores currently with the EAFE-Mini (-8.5 percent) coming in as the next market with lower trend scores.</p>
<p align="center"><strong>Strength Trend Statistics:</strong><br />
VIX (14.9 percent) vs VIX previous week (13.8 percent)<br />
S&amp;P500-Mini (7.3 percent) vs S&amp;P500-Mini previous week (5.9 percent)<br />
DowJones-Mini (65.0 percent) vs DowJones-Mini previous week (49.4 percent)<br />
Nasdaq-Mini (-16.2 percent) vs Nasdaq-Mini previous week (-15.7 percent)<br />
Russell 2000-Mini (-0.5 percent) vs Russell 2000-Mini previous week (3.9 percent)<br />
Nikkei USD (36.4 percent) vs Nikkei USD previous week (40.3 percent)<br />
EAFE-Mini (-8.5 percent) vs EAFE-Mini previous week (-10.1 percent)</p>
<hr />
<h5>Individual Stock Market Charts:</h5>
<h3><strong>VIX Volatility Futures:</strong></h3>
<p><a href="https://investmacro.com/wp-content/uploads/2023/08/VIX-08-11-2023.png"><img decoding="async" loading="lazy" class="aligncenter" src="https://investmacro.com/wp-content/uploads/2023/08/VIX-08-11-2023.png" alt="VIX Volatility Futures COT Chart" width="720" height="660" /></a>The VIX Volatility large speculator standing this week was a net position of -44,404 contracts in the data reported through Tuesday. This was a weekly lowering of -2,238 contracts from the previous week which had a total of -42,166 net contracts.</p>
<p>This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish-Extreme with a score of 87.1 percent. The commercials are Bearish-Extreme with a score of 10.8 percent and the small traders (not shown in chart) are Bullish with a score of 73.1 percent.</p>
<h3>Price Trend-Following Model: Weak Downtrend</h3>
<p>Our weekly trend-following model classifies the current market price position as: <strong>Weak Downtrend</strong>. The current action for the model is considered to be: <strong>Hold – Maintain Short Position</strong>.</p>
<table border="0" width="908" cellspacing="0" cellpadding="0">
<tbody>
<tr>
<td width="344" height="24"><strong>VIX Volatility Futures Statistics</strong></td>
<td width="188"><strong>SPECULATORS</strong></td>
<td width="189"><strong>COMMERCIALS</strong></td>
<td width="187"><strong>SMALL TRADERS</strong></td>
</tr>
<tr>
<td width="344" height="24">– Percent of Open Interest Longs:</td>
<td width="188">25.2</td>
<td width="189">45.3</td>
<td width="187">6.4</td>
</tr>
<tr>
<td width="344" height="24">– Percent of Open Interest Shorts:</td>
<td width="188">37.0</td>
<td width="189">32.3</td>
<td width="187">7.6</td>
</tr>
<tr>
<td width="344" height="24">– Net Position:</td>
<td width="188">-44,404</td>
<td width="189">48,882</td>
<td width="187">-4,478</td>
</tr>
<tr>
<td width="344" height="24">– Gross Longs:</td>
<td width="188">95,022</td>
<td width="189">170,481</td>
<td width="187">24,125</td>
</tr>
<tr>
<td width="344" height="24">– Gross Shorts:</td>
<td width="188">139,426</td>
<td width="189">121,599</td>
<td width="187">28,603</td>
</tr>
<tr>
<td width="344" height="24">– Long to Short Ratio:</td>
<td width="188">0.7 to 1</td>
<td width="189">1.4 to 1</td>
<td width="187">0.8 to 1</td>
</tr>
<tr>
<td width="344" height="24"><strong>NET POSITION TREND:</strong></td>
<td width="188"></td>
<td width="189"></td>
<td width="187"></td>
</tr>
<tr>
<td width="344" height="24">– Strength Index Score (3 Year Range Pct):</td>
<td width="188">87.1</td>
<td width="189">10.8</td>
<td width="187">73.1</td>
</tr>
<tr>
<td width="344" height="24">– Strength Index Reading (3 Year Range):</td>
<td width="188"><strong>Bullish-Extreme</strong></td>
<td width="189"><strong>Bearish-Extreme</strong></td>
<td width="187"><strong>Bullish</strong></td>
</tr>
<tr>
<td width="344" height="24"><strong>NET POSITION MOVEMENT INDEX:</strong></td>
<td width="188"></td>
<td width="189"></td>
<td width="187"></td>
</tr>
<tr>
<td width="344" height="24">– 6-Week Change in Strength Index:</td>
<td width="188">14.9</td>
<td width="189">-12.8</td>
<td width="187">-13.6</td>
</tr>
</tbody>
</table>
<p>&nbsp;</p>
<hr />
<h3><strong>S&amp;P500 Mini Futures:</strong></h3>
<p><a href="https://investmacro.com/wp-content/uploads/2023/08/ES-08-11-2023.png"><img decoding="async" loading="lazy" class="aligncenter" src="https://investmacro.com/wp-content/uploads/2023/08/ES-08-11-2023.png" alt="SP500 Mini Futures COT Chart" width="720" height="660" /></a>The S&amp;P500 Mini large speculator standing this week was a net position of -159,570 contracts in the data reported through Tuesday. This was a weekly increase of 40,478 contracts from the previous week which had a total of -200,048 net contracts.</p>
<p>This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 40.9 percent. The commercials are Bullish with a score of 59.2 percent and the small traders (not shown in chart) are Bullish with a score of 51.1 percent.</p>
<h3>Price Trend-Following Model: Uptrend</h3>
<p>Our weekly trend-following model classifies the current market price position as: <strong>Uptrend</strong>. The current action for the model is considered to be: <strong>Hold – Maintain Long Position</strong>.</p>
<table border="0" width="908" cellspacing="0" cellpadding="0">
<tbody>
<tr>
<td width="344" height="24"><strong>S&amp;P500 Mini Futures Statistics</strong></td>
<td width="188"><strong>SPECULATORS</strong></td>
<td width="189"><strong>COMMERCIALS</strong></td>
<td width="187"><strong>SMALL TRADERS</strong></td>
</tr>
<tr>
<td width="344" height="24">– Percent of Open Interest Longs:</td>
<td width="188">10.8</td>
<td width="189">74.5</td>
<td width="187">11.8</td>
</tr>
<tr>
<td width="344" height="24">– Percent of Open Interest Shorts:</td>
<td width="188">18.0</td>
<td width="189">68.2</td>
<td width="187">10.9</td>
</tr>
<tr>
<td width="344" height="24">– Net Position:</td>
<td width="188">-159,570</td>
<td width="189">139,895</td>
<td width="187">19,675</td>
</tr>
<tr>
<td width="344" height="24">– Gross Longs:</td>
<td width="188">240,913</td>
<td width="189">1,654,088</td>
<td width="187">261,201</td>
</tr>
<tr>
<td width="344" height="24">– Gross Shorts:</td>
<td width="188">400,483</td>
<td width="189">1,514,193</td>
<td width="187">241,526</td>
</tr>
<tr>
<td width="344" height="24">– Long to Short Ratio:</td>
<td width="188">0.6 to 1</td>
<td width="189">1.1 to 1</td>
<td width="187">1.1 to 1</td>
</tr>
<tr>
<td width="344" height="24"><strong>NET POSITION TREND:</strong></td>
<td width="188"></td>
<td width="189"></td>
<td width="187"></td>
</tr>
<tr>
<td width="344" height="24">– Strength Index Score (3 Year Range Pct):</td>
<td width="188">40.9</td>
<td width="189">59.2</td>
<td width="187">51.1</td>
</tr>
<tr>
<td width="344" height="24">– Strength Index Reading (3 Year Range):</td>
<td width="188"><strong>Bearish</strong></td>
<td width="189"><strong>Bullish</strong></td>
<td width="187"><strong>Bullish</strong></td>
</tr>
<tr>
<td width="344" height="24"><strong>NET POSITION MOVEMENT INDEX:</strong></td>
<td width="188"></td>
<td width="189"></td>
<td width="187"></td>
</tr>
<tr>
<td width="344" height="24">– 6-Week Change in Strength Index:</td>
<td width="188">7.3</td>
<td width="189">-9.0</td>
<td width="187">5.7</td>
</tr>
</tbody>
</table>
<p>&nbsp;</p>
<hr />
<h3><strong>Dow Jones Mini Futures:</strong></h3>
<p><a href="https://investmacro.com/wp-content/uploads/2023/08/YM-08-11-2023.png"><img decoding="async" loading="lazy" class="aligncenter" src="https://investmacro.com/wp-content/uploads/2023/08/YM-08-11-2023.png" alt="Dow Jones Mini Futures COT Chart" width="720" height="660" /></a>The Dow Jones Mini large speculator standing this week was a net position of 4,031 contracts in the data reported through Tuesday. This was a weekly increase of 2,451 contracts from the previous week which had a total of 1,580 net contracts.</p>
<p>This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish-Extreme with a score of 85.3 percent. The commercials are Bearish with a score of 28.8 percent and the small traders (not shown in chart) are Bearish with a score of 36.3 percent.</p>
<h3>Price Trend-Following Model: Strong Uptrend</h3>
<p>Our weekly trend-following model classifies the current market price position as: <strong>Strong Uptrend</strong>. The current action for the model is considered to be: <strong>Hold – Maintain Long Position</strong>.</p>
<table border="0" width="908" cellspacing="0" cellpadding="0">
<tbody>
<tr>
<td width="344" height="24"><strong>Dow Jones Mini Futures Statistics</strong></td>
<td width="188"><strong>SPECULATORS</strong></td>
<td width="189"><strong>COMMERCIALS</strong></td>
<td width="187"><strong>SMALL TRADERS</strong></td>
</tr>
<tr>
<td width="344" height="24">– Percent of Open Interest Longs:</td>
<td width="188">31.0</td>
<td width="189">51.3</td>
<td width="187">13.5</td>
</tr>
<tr>
<td width="344" height="24">– Percent of Open Interest Shorts:</td>
<td width="188">27.2</td>
<td width="189">53.6</td>
<td width="187">14.9</td>
</tr>
<tr>
<td width="344" height="24">– Net Position:</td>
<td width="188">4,031</td>
<td width="189">-2,467</td>
<td width="187">-1,564</td>
</tr>
<tr>
<td width="344" height="24">– Gross Longs:</td>
<td width="188">33,027</td>
<td width="189">54,693</td>
<td width="187">14,336</td>
</tr>
<tr>
<td width="344" height="24">– Gross Shorts:</td>
<td width="188">28,996</td>
<td width="189">57,160</td>
<td width="187">15,900</td>
</tr>
<tr>
<td width="344" height="24">– Long to Short Ratio:</td>
<td width="188">1.1 to 1</td>
<td width="189">1.0 to 1</td>
<td width="187">0.9 to 1</td>
</tr>
<tr>
<td width="344" height="24"><strong>NET POSITION TREND:</strong></td>
<td width="188"></td>
<td width="189"></td>
<td width="187"></td>
</tr>
<tr>
<td width="344" height="24">– Strength Index Score (3 Year Range Pct):</td>
<td width="188">85.3</td>
<td width="189">28.8</td>
<td width="187">36.3</td>
</tr>
<tr>
<td width="344" height="24">– Strength Index Reading (3 Year Range):</td>
<td width="188"><strong>Bullish-Extreme</strong></td>
<td width="189"><strong>Bearish</strong></td>
<td width="187"><strong>Bearish</strong></td>
</tr>
<tr>
<td width="344" height="24"><strong>NET POSITION MOVEMENT INDEX:</strong></td>
<td width="188"></td>
<td width="189"></td>
<td width="187"></td>
</tr>
<tr>
<td width="344" height="24">– 6-Week Change in Strength Index:</td>
<td width="188">65.0</td>
<td width="189">-45.9</td>
<td width="187">-1.6</td>
</tr>
</tbody>
</table>
<p>&nbsp;</p>
<hr />
<h3><strong>Nasdaq Mini Futures:</strong></h3>
<p><a href="https://investmacro.com/wp-content/uploads/2023/08/NQ-08-11-2023.png"><img decoding="async" loading="lazy" class="aligncenter" src="https://investmacro.com/wp-content/uploads/2023/08/NQ-08-11-2023.png" alt="Nasdaq Mini Futures COT Chart" width="720" height="660" /></a>The Nasdaq Mini large speculator standing this week was a net position of -10,879 contracts in the data reported through Tuesday. This was a weekly gain of 526 contracts from the previous week which had a total of -11,405 net contracts.</p>
<p>This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 70.9 percent. The commercials are Bearish with a score of 31.5 percent and the small traders (not shown in chart) are Bearish with a score of 48.2 percent.</p>
<h3>Price Trend-Following Model: Uptrend</h3>
<p>Our weekly trend-following model classifies the current market price position as: <strong>Uptrend</strong>. The current action for the model is considered to be: <strong>Hold – Maintain Long Position</strong>.</p>
<table border="0" width="908" cellspacing="0" cellpadding="0">
<tbody>
<tr>
<td width="344" height="24"><strong>Nasdaq Mini Futures Statistics</strong></td>
<td width="188"><strong>SPECULATORS</strong></td>
<td width="189"><strong>COMMERCIALS</strong></td>
<td width="187"><strong>SMALL TRADERS</strong></td>
</tr>
<tr>
<td width="344" height="24">– Percent of Open Interest Longs:</td>
<td width="188">26.2</td>
<td width="189">56.7</td>
<td width="187">14.8</td>
</tr>
<tr>
<td width="344" height="24">– Percent of Open Interest Shorts:</td>
<td width="188">30.3</td>
<td width="189">51.7</td>
<td width="187">15.8</td>
</tr>
<tr>
<td width="344" height="24">– Net Position:</td>
<td width="188">-10,879</td>
<td width="189">13,627</td>
<td width="187">-2,748</td>
</tr>
<tr>
<td width="344" height="24">– Gross Longs:</td>
<td width="188">70,170</td>
<td width="189">151,969</td>
<td width="187">39,533</td>
</tr>
<tr>
<td width="344" height="24">– Gross Shorts:</td>
<td width="188">81,049</td>
<td width="189">138,342</td>
<td width="187">42,281</td>
</tr>
<tr>
<td width="344" height="24">– Long to Short Ratio:</td>
<td width="188">0.9 to 1</td>
<td width="189">1.1 to 1</td>
<td width="187">0.9 to 1</td>
</tr>
<tr>
<td width="344" height="24"><strong>NET POSITION TREND:</strong></td>
<td width="188"></td>
<td width="189"></td>
<td width="187"></td>
</tr>
<tr>
<td width="344" height="24">– Strength Index Score (3 Year Range Pct):</td>
<td width="188">70.9</td>
<td width="189">31.5</td>
<td width="187">48.2</td>
</tr>
<tr>
<td width="344" height="24">– Strength Index Reading (3 Year Range):</td>
<td width="188"><strong>Bullish</strong></td>
<td width="189"><strong>Bearish</strong></td>
<td width="187"><strong>Bearish</strong></td>
</tr>
<tr>
<td width="344" height="24"><strong>NET POSITION MOVEMENT INDEX:</strong></td>
<td width="188"></td>
<td width="189"></td>
<td width="187"></td>
</tr>
<tr>
<td width="344" height="24">– 6-Week Change in Strength Index:</td>
<td width="188">-16.2</td>
<td width="189">16.2</td>
<td width="187">5.8</td>
</tr>
</tbody>
</table>
<p>&nbsp;</p>
<hr />
<h3><strong>Russell 2000 Mini Futures:</strong></h3>
<p><a href="https://investmacro.com/wp-content/uploads/2023/08/ER2-08-11-2023.png"><img decoding="async" loading="lazy" class="aligncenter" src="https://investmacro.com/wp-content/uploads/2023/08/ER2-08-11-2023.png" alt="Russell 2000 Mini Futures COT Chart" width="720" height="660" /></a>The Russell 2000 Mini large speculator standing this week was a net position of -64,511 contracts in the data reported through Tuesday. This was a weekly boost of 1,780 contracts from the previous week which had a total of -66,291 net contracts.</p>
<p>This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish with a score of 33.3 percent. The commercials are Bullish with a score of 66.0 percent and the small traders (not shown in chart) are Bearish with a score of 30.5 percent.</p>
<h3>Price Trend-Following Model: Uptrend</h3>
<p>Our weekly trend-following model classifies the current market price position as: <strong>Uptrend</strong>. The current action for the model is considered to be: <strong>Hold – Maintain Long Position</strong>.</p>
<table border="0" width="908" cellspacing="0" cellpadding="0">
<tbody>
<tr>
<td width="344" height="24"><strong>Russell 2000 Mini Futures Statistics</strong></td>
<td width="188"><strong>SPECULATORS</strong></td>
<td width="189"><strong>COMMERCIALS</strong></td>
<td width="187"><strong>SMALL TRADERS</strong></td>
</tr>
<tr>
<td width="344" height="24">– Percent of Open Interest Longs:</td>
<td width="188">9.5</td>
<td width="189">83.8</td>
<td width="187">4.8</td>
</tr>
<tr>
<td width="344" height="24">– Percent of Open Interest Shorts:</td>
<td width="188">22.0</td>
<td width="189">71.5</td>
<td width="187">4.5</td>
</tr>
<tr>
<td width="344" height="24">– Net Position:</td>
<td width="188">-64,511</td>
<td width="189">63,253</td>
<td width="187">1,258</td>
</tr>
<tr>
<td width="344" height="24">– Gross Longs:</td>
<td width="188">48,700</td>
<td width="189">430,726</td>
<td width="187">24,588</td>
</tr>
<tr>
<td width="344" height="24">– Gross Shorts:</td>
<td width="188">113,211</td>
<td width="189">367,473</td>
<td width="187">23,330</td>
</tr>
<tr>
<td width="344" height="24">– Long to Short Ratio:</td>
<td width="188">0.4 to 1</td>
<td width="189">1.2 to 1</td>
<td width="187">1.1 to 1</td>
</tr>
<tr>
<td width="344" height="24"><strong>NET POSITION TREND:</strong></td>
<td width="188"></td>
<td width="189"></td>
<td width="187"></td>
</tr>
<tr>
<td width="344" height="24">– Strength Index Score (3 Year Range Pct):</td>
<td width="188">33.3</td>
<td width="189">66.0</td>
<td width="187">30.5</td>
</tr>
<tr>
<td width="344" height="24">– Strength Index Reading (3 Year Range):</td>
<td width="188"><strong>Bearish</strong></td>
<td width="189"><strong>Bullish</strong></td>
<td width="187"><strong>Bearish</strong></td>
</tr>
<tr>
<td width="344" height="24"><strong>NET POSITION MOVEMENT INDEX:</strong></td>
<td width="188"></td>
<td width="189"></td>
<td width="187"></td>
</tr>
<tr>
<td width="344" height="24">– 6-Week Change in Strength Index:</td>
<td width="188">-0.5</td>
<td width="189">2.0</td>
<td width="187">-8.4</td>
</tr>
</tbody>
</table>
<p>&nbsp;</p>
<hr />
<h3><strong>Nikkei Stock Average (USD) Futures:</strong></h3>
<p><a href="https://investmacro.com/wp-content/uploads/2023/08/NKD-08-11-2023.png"><img decoding="async" loading="lazy" class="aligncenter" src="https://investmacro.com/wp-content/uploads/2023/08/NKD-08-11-2023.png" alt="Nikkei Stock Average (USD) Futures COT Chart" width="720" height="660" /></a>The Nikkei Stock Average (USD) large speculator standing this week was a net position of -666 contracts in the data reported through Tuesday. This was a weekly increase of 180 contracts from the previous week which had a total of -846 net contracts.</p>
<p>This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bullish with a score of 64.7 percent. The commercials are Bearish with a score of 33.1 percent and the small traders (not shown in chart) are Bearish with a score of 42.4 percent.</p>
<h3>Price Trend-Following Model: Uptrend</h3>
<p>Our weekly trend-following model classifies the current market price position as: <strong>Uptrend</strong>. The current action for the model is considered to be: <strong>Hold – Maintain Long Position</strong>.</p>
<table border="0" width="908" cellspacing="0" cellpadding="0">
<tbody>
<tr>
<td width="344" height="24"><strong>Nikkei Stock Average Futures Statistics</strong></td>
<td width="188"><strong>SPECULATORS</strong></td>
<td width="189"><strong>COMMERCIALS</strong></td>
<td width="187"><strong>SMALL TRADERS</strong></td>
</tr>
<tr>
<td width="344" height="24">– Percent of Open Interest Longs:</td>
<td width="188">9.2</td>
<td width="189">65.7</td>
<td width="187">25.2</td>
</tr>
<tr>
<td width="344" height="24">– Percent of Open Interest Shorts:</td>
<td width="188">13.3</td>
<td width="189">68.5</td>
<td width="187">18.2</td>
</tr>
<tr>
<td width="344" height="24">– Net Position:</td>
<td width="188">-666</td>
<td width="189">-453</td>
<td width="187">1,119</td>
</tr>
<tr>
<td width="344" height="24">– Gross Longs:</td>
<td width="188">1,483</td>
<td width="189">10,631</td>
<td width="187">4,073</td>
</tr>
<tr>
<td width="344" height="24">– Gross Shorts:</td>
<td width="188">2,149</td>
<td width="189">11,084</td>
<td width="187">2,954</td>
</tr>
<tr>
<td width="344" height="24">– Long to Short Ratio:</td>
<td width="188">0.7 to 1</td>
<td width="189">1.0 to 1</td>
<td width="187">1.4 to 1</td>
</tr>
<tr>
<td width="344" height="24"><strong>NET POSITION TREND:</strong></td>
<td width="188"></td>
<td width="189"></td>
<td width="187"></td>
</tr>
<tr>
<td width="344" height="24">– Strength Index Score (3 Year Range Pct):</td>
<td width="188">64.7</td>
<td width="189">33.1</td>
<td width="187">42.4</td>
</tr>
<tr>
<td width="344" height="24">– Strength Index Reading (3 Year Range):</td>
<td width="188"><strong>Bullish</strong></td>
<td width="189"><strong>Bearish</strong></td>
<td width="187"><strong>Bearish</strong></td>
</tr>
<tr>
<td width="344" height="24"><strong>NET POSITION MOVEMENT INDEX:</strong></td>
<td width="188"></td>
<td width="189"></td>
<td width="187"></td>
</tr>
<tr>
<td width="344" height="24">– 6-Week Change in Strength Index:</td>
<td width="188">36.4</td>
<td width="189">-30.5</td>
<td width="187">-7.1</td>
</tr>
</tbody>
</table>
<p>&nbsp;</p>
<hr />
<h3><strong>MSCI EAFE Mini Futures:</strong></h3>
<p><a href="https://investmacro.com/wp-content/uploads/2023/08/EMI-08-11-2023.png"><img decoding="async" loading="lazy" class="aligncenter" src="https://investmacro.com/wp-content/uploads/2023/08/EMI-08-11-2023.png" alt="MSCI EAFE Mini Futures COT Chart" width="720" height="660" /></a>The MSCI EAFE Mini large speculator standing this week was a net position of -22,909 contracts in the data reported through Tuesday. This was a weekly gain of 1,279 contracts from the previous week which had a total of -24,188 net contracts.</p>
<p>This week’s current strength score (the trader positioning range over the past three years, measured from 0 to 100) shows the speculators are currently Bearish-Extreme with a score of 16.3 percent. The commercials are Bullish with a score of 76.7 percent and the small traders (not shown in chart) are Bullish with a score of 58.3 percent.</p>
<h3>Price Trend-Following Model: Weak Uptrend</h3>
<p>Our weekly trend-following model classifies the current market price position as: <strong>Weak Uptrend</strong>. The current action for the model is considered to be: <strong>Hold – Maintain Long Position</strong>.</p>
<table border="0" width="908" cellspacing="0" cellpadding="0">
<tbody>
<tr>
<td width="344" height="24"><strong>MSCI EAFE Mini Futures Statistics</strong></td>
<td width="188"><strong>SPECULATORS</strong></td>
<td width="189"><strong>COMMERCIALS</strong></td>
<td width="187"><strong>SMALL TRADERS</strong></td>
</tr>
<tr>
<td width="344" height="24">– Percent of Open Interest Longs:</td>
<td width="188">6.6</td>
<td width="189">89.6</td>
<td width="187">3.1</td>
</tr>
<tr>
<td width="344" height="24">– Percent of Open Interest Shorts:</td>
<td width="188">12.3</td>
<td width="189">85.9</td>
<td width="187">1.0</td>
</tr>
<tr>
<td width="344" height="24">– Net Position:</td>
<td width="188">-22,909</td>
<td width="189">14,612</td>
<td width="187">8,297</td>
</tr>
<tr>
<td width="344" height="24">– Gross Longs:</td>
<td width="188">26,299</td>
<td width="189">357,202</td>
<td width="187">12,404</td>
</tr>
<tr>
<td width="344" height="24">– Gross Shorts:</td>
<td width="188">49,208</td>
<td width="189">342,590</td>
<td width="187">4,107</td>
</tr>
<tr>
<td width="344" height="24">– Long to Short Ratio:</td>
<td width="188">0.5 to 1</td>
<td width="189">1.0 to 1</td>
<td width="187">3.0 to 1</td>
</tr>
<tr>
<td width="344" height="24"><strong>NET POSITION TREND:</strong></td>
<td width="188"></td>
<td width="189"></td>
<td width="187"></td>
</tr>
<tr>
<td width="344" height="24">– Strength Index Score (3 Year Range Pct):</td>
<td width="188">16.3</td>
<td width="189">76.7</td>
<td width="187">58.3</td>
</tr>
<tr>
<td width="344" height="24">– Strength Index Reading (3 Year Range):</td>
<td width="188"><strong>Bearish-Extreme</strong></td>
<td width="189"><strong>Bullish</strong></td>
<td width="187"><strong>Bullish</strong></td>
</tr>
<tr>
<td width="344" height="24"><strong>NET POSITION MOVEMENT INDEX:</strong></td>
<td width="188"></td>
<td width="189"></td>
<td width="187"></td>
</tr>
<tr>
<td width="344" height="24">– 6-Week Change in Strength Index:</td>
<td width="188">-8.5</td>
<td width="189">0.1</td>
<td width="187">33.9</td>
</tr>
</tbody>
</table>
<p>&nbsp;</p>
<hr />
<p>Article <strong>By InvestMacro</strong> – <b>Receive our weekly <a href="https://investmacro.com/cot-newsletter/">COT Newsletter</a></b></p>
<p><strong>*</strong><a href="https://www.investmacro.com/cot-reports/">COT Report</a>: The <a href="https://investmacro.com/cot-data/">COT data</a>, released weekly to the public each Friday, is updated through the most recent Tuesday (data is 3 days old) and shows a quick view of how large speculators or non-commercials (for-profit traders) were positioned in the futures markets.</p>
<p>The CFTC categorizes trader positions according to <a href="https://investmacro.com/cot-reports/">commercial hedgers</a> (traders who use futures contracts for hedging as part of the business), non-commercials (large traders who speculate to realize trading profits) and nonreportable traders (usually small traders/speculators) as well as their <a href="https://investmacro.com/open-interest-analysis/">open interest</a> (contracts open in the market at time of reporting). See CFTC criteria <a href="https://www.cftc.gov/MarketReports/CommitmentsofTraders/ExplanatoryNotes/index.htm">here</a>.</p>