COT Stock Market Charts: Weekly Speculator Bets led by S&P500-Mini & VIX
<p><strong>By <a href="https://www.investmacro.com/"><u>InvestMacro</u></a> | <a href="https://www.investmacro.com/cot/"><u>COT</u></a></strong> | <strong><a href="https://investmacro.com/cot-data/"><u>Data Tables</u></a></strong> | <strong><a href="https://investmacro.com/cot-leaders/"><u>COT Leaders</u></a></strong> | <strong><a href="https://investmacro.com/data/cot/"><u>Downloads</u></a></strong> | <strong><a href="https://www.investmacro.net/forms/subscribe-to-our-weekly-cot-report/?utm_source=cp&utm_campaign=cot_newsletter&utm_medium=site_links&utm_content=cot_footer"><u>COT Newsletter</u></a></strong></p>
<p><a href="https://investmacro.com/wp-content/uploads/2023/10/COT-Stock-Futures-Open-Interest-Comparison-1.png"><img data-dominant-color="473717" data-has-transparency="true" style="–dominant-color: #473717;" decoding="async" loading="lazy" class="has-transparency aligncenter size-full wp-image-216240" src="https://investmacro.com/wp-content/uploads/2023/10/COT-Stock-Futures-Open-Interest-Comparison-1.png" alt="" width="559" height="345" srcset="https://investmacro.com/wp-content/uploads/2023/10/COT-Stock-Futures-Open-Interest-Comparison-1.png 559w, https://investmacro.com/wp-content/uploads/2023/10/COT-Stock-Futures-Open-Interest-Comparison-1-160×99.png 160w, https://investmacro.com/wp-content/uploads/2023/10/COT-Stock-Futures-Open-Interest-Comparison-1-150×93.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 October 24th</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&P500-Mini & the VIX</h2>
<p><a href="https://investmacro.com/wp-content/uploads/2023/10/Stocks-Futures-Speculator-Net-Position-Changes-1.png"><img data-dominant-color="0c0f15" data-has-transparency="true" style="–dominant-color: #0c0f15;" decoding="async" loading="lazy" class="has-transparency aligncenter size-full wp-image-216237" src="https://investmacro.com/wp-content/uploads/2023/10/Stocks-Futures-Speculator-Net-Position-Changes-1.png" alt="" width="559" height="345" srcset="https://investmacro.com/wp-content/uploads/2023/10/Stocks-Futures-Speculator-Net-Position-Changes-1.png 559w, https://investmacro.com/wp-content/uploads/2023/10/Stocks-Futures-Speculator-Net-Position-Changes-1-160×99.png 160w, https://investmacro.com/wp-content/uploads/2023/10/Stocks-Futures-Speculator-Net-Position-Changes-1-150×93.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 slightly higher this week as four out of the seven stock markets we cover had higher positioning while the other three markets had lower speculator contracts.</p>
<p>Leading the gains for the stock markets was a big jump by the S&P500-Mini (73,363 contracts) with the VIX (1,351 contracts), the Russell-Mini (1,301 contracts) and the Nikkei 225 (127 contracts) also showing positive weeks.</p>
<p>The markets with the declines in speculator bets were led this week by the Nasdaq-Mini (-11,651 contracts), the MSCI EAFE-Mini (-2,280 contracts) and the DowJones-Mini (-749 contracts) also registering lower bets 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>Oct-24-2023</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&P500-Mini</td>
<td>2,158,452</td>
<td>17</td>
<td>10,185</td>
<td>66</td>
<td>-34,736</td>
<td>35</td>
<td>24,551</td>
<td>47</td>
</tr>
<tr>
<td>Nikkei 225</td>
<td>15,326</td>
<td>14</td>
<td>-2,128</td>
<td>52</td>
<td>695</td>
<td>40</td>
<td>1,433</td>
<td>46</td>
</tr>
<tr>
<td>Nasdaq-Mini</td>
<td>253,055</td>
<td>39</td>
<td>2,697</td>
<td>43</td>
<td>-4,366</td>
<td>39</td>
<td>1,669</td>
<td>74</td>
</tr>
<tr>
<td>DowJones-Mini</td>
<td>104,581</td>
<td>72</td>
<td>-35,960</td>
<td>0</td>
<td>39,649</td>
<td>99</td>
<td>-3,689</td>
<td>26</td>
</tr>
<tr>
<td>VIX</td>
<td>344,318</td>
<td>44</td>
<td>-21,594</td>
<td>95</td>
<td>26,058</td>
<td>3</td>
<td>-4,464</td>
<td>74</td>
</tr>
<tr>
<td>Nikkei 225 Yen</td>
<td>53,712</td>
<td>42</td>
<td>7,280</td>
<td>57</td>
<td>9,599</td>
<td>37</td>
<td>-16,879</td>
<td>53</td>
</tr>
</tbody>
</table>
</div>
<p> </p>
<hr />
<h2>Strength Scores led by VIX & S&P500-Mini</h2>
<p><a href="https://investmacro.com/wp-content/uploads/2023/10/Stocks-Speculator-Strength-Scores-3-YR-Range-0-100-1.png"><img data-dominant-color="192840" data-has-transparency="true" style="–dominant-color: #192840;" decoding="async" loading="lazy" class="has-transparency aligncenter size-full wp-image-216238" src="https://investmacro.com/wp-content/uploads/2023/10/Stocks-Speculator-Strength-Scores-3-YR-Range-0-100-1.png" alt="" width="571" height="345" srcset="https://investmacro.com/wp-content/uploads/2023/10/Stocks-Speculator-Strength-Scores-3-YR-Range-0-100-1.png 571w, https://investmacro.com/wp-content/uploads/2023/10/Stocks-Speculator-Strength-Scores-3-YR-Range-0-100-1-160×97.png 160w, https://investmacro.com/wp-content/uploads/2023/10/Stocks-Speculator-Strength-Scores-3-YR-Range-0-100-1-150×91.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 (95 percent) and the S&P500-Mini (66 percent) were the leaders for the stock markets this week. The Nikkei 225 (52 percent) came in as the next highest in the weekly strength scores.</p>
<p>On the downside, the DowJones-Mini (0 percent) was at the lowest strength level and is in Extreme-Bearish territory (below 20 percent). The next lowest strength score is the MSCI EAFE-Mini (27 percent).</p>
<p align="center"><strong>Strength Statistics:</strong><br />
VIX (95.3 percent) vs VIX previous week (94.4 percent)<br />
S&P500-Mini (66.3 percent) vs S&P500-Mini previous week (55.3 percent)<br />
DowJones-Mini (0.0 percent) vs DowJones-Mini previous week (1.7 percent)<br />
Nasdaq-Mini (43.1 percent) vs Nasdaq-Mini previous week (61.0 percent)<br />
Russell2000-Mini (45.5 percent) vs Russell2000-Mini previous week (44.7 percent)<br />
Nikkei USD (51.8 percent) vs Nikkei USD previous week (50.9 percent)<br />
EAFE-Mini (26.7 percent) vs EAFE-Mini previous week (28.9 percent)</p>
<p> </p>
<h2>MSCI EAFE-Mini & S&P500-Mini top the 6-Week Strength Trends</h2>
<p><a href="https://investmacro.com/wp-content/uploads/2023/10/Stocks-Speculator-Strength-Score-Trends-6-Weeks-1.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-216239" src="https://investmacro.com/wp-content/uploads/2023/10/Stocks-Speculator-Strength-Score-Trends-6-Weeks-1.png" alt="" width="551" height="345" srcset="https://investmacro.com/wp-content/uploads/2023/10/Stocks-Speculator-Strength-Score-Trends-6-Weeks-1.png 551w, https://investmacro.com/wp-content/uploads/2023/10/Stocks-Speculator-Strength-Score-Trends-6-Weeks-1-160×100.png 160w, https://investmacro.com/wp-content/uploads/2023/10/Stocks-Speculator-Strength-Score-Trends-6-Weeks-1-150×94.png 150w, https://investmacro.com/wp-content/uploads/2023/10/Stocks-Speculator-Strength-Score-Trends-6-Weeks-1-400×250.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 MSCI EAFE-Mini (27 percent) leads the past six weeks trends for the stock markets. The S&P500-Mini (19 percent), the VIX (12 percent) and the Russell-Mini (12 percent) are the next highest positive movers in the latest trends data.</p>
<p>The DowJones-Mini (-51 percent) leads the downside trend scores currently with the Nikkei 225 (-19 percent) coming in as the next lowest market.</p>
<p align="center"><strong>Strength Trend Statistics:</strong><br />
VIX (11.9 percent) vs VIX previous week (13.3 percent)<br />
S&P500-Mini (18.9 percent) vs S&P500-Mini previous week (12.1 percent)<br />
DowJones-Mini (-51.1 percent) vs DowJones-Mini previous week (-52.0 percent)<br />
Nasdaq-Mini (-9.8 percent) vs Nasdaq-Mini previous week (1.2 percent)<br />
Russell2000-Mini (11.7 percent) vs Russell2000-Mini previous week (15.7 percent)<br />
Nikkei USD (-18.6 percent) vs Nikkei USD previous week (-14.8 percent)<br />
EAFE-Mini (26.7 percent) vs EAFE-Mini previous week (9.5 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/2023/10/VIX-10-27-2023.png"><img decoding="async" loading="lazy" class="aligncenter" src="https://investmacro.com/wp-content/uploads/2023/10/VIX-10-27-2023.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 -21,594 contracts in the data reported through Tuesday. This was a weekly lift of 1,351 contracts from the previous week which had a total of -22,945 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 95.3 percent. The commercials are Bearish-Extreme with a score of 2.5 percent and the small traders (not shown in chart) are Bullish with a score of 73.7 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>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">25.7</td>
<td width="189">47.5</td>
<td width="187">7.2</td>
</tr>
<tr>
<td width="344" height="24">– Percent of Open Interest Shorts:</td>
<td width="188">32.0</td>
<td width="189">40.0</td>
<td width="187">8.5</td>
</tr>
<tr>
<td width="344" height="24">– Net Position:</td>
<td width="188">-21,594</td>
<td width="189">26,058</td>
<td width="187">-4,464</td>
</tr>
<tr>
<td width="344" height="24">– Gross Longs:</td>
<td width="188">88,500</td>
<td width="189">163,682</td>
<td width="187">24,682</td>
</tr>
<tr>
<td width="344" height="24">– Gross Shorts:</td>
<td width="188">110,094</td>
<td width="189">137,624</td>
<td width="187">29,146</td>
</tr>
<tr>
<td width="344" height="24">– Long to Short Ratio:</td>
<td width="188">0.8 to 1</td>
<td width="189">1.2 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">95.3</td>
<td width="189">2.5</td>
<td width="187">73.7</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">11.9</td>
<td width="189">-9.4</td>
<td width="187">-18.9</td>
</tr>
</tbody>
</table>
<p> </p>
<hr />
<h3><strong>S&P500 Mini Futures:</strong></h3>
<p><a href="https://investmacro.com/wp-content/uploads/2023/10/ES-10-27-2023.png"><img decoding="async" loading="lazy" class="aligncenter" src="https://investmacro.com/wp-content/uploads/2023/10/ES-10-27-2023.png" alt="SP500 Mini Futures COT Chart" width="720" height="660" /></a>The S&P500 Mini large speculator standing this week was a net position of 10,185 contracts in the data reported through Tuesday. This was a weekly rise of 73,363 contracts from the previous week which had a total of -63,178 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 66.3 percent. The commercials are Bearish with a score of 35.1 percent and the small traders (not shown in chart) are Bearish with a score of 47.0 percent.</p>
<h3>Price Trend-Following Model: Strong Downtrend</h3>
<p>Our weekly trend-following model classifies the current market price position as: <strong>Strong 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>S&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">13.1</td>
<td width="189">72.4</td>
<td width="187">11.5</td>
</tr>
<tr>
<td width="344" height="24">– Percent of Open Interest Shorts:</td>
<td width="188">12.6</td>
<td width="189">74.0</td>
<td width="187">10.4</td>
</tr>
<tr>
<td width="344" height="24">– Net Position:</td>
<td width="188">10,185</td>
<td width="189">-34,736</td>
<td width="187">24,551</td>
</tr>
<tr>
<td width="344" height="24">– Gross Longs:</td>
<td width="188">282,604</td>
<td width="189">1,562,074</td>
<td width="187">248,407</td>
</tr>
<tr>
<td width="344" height="24">– Gross Shorts:</td>
<td width="188">272,419</td>
<td width="189">1,596,810</td>
<td width="187">223,856</td>
</tr>
<tr>
<td width="344" height="24">– Long to Short Ratio:</td>
<td width="188">1.0 to 1</td>
<td width="189">1.0 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">66.3</td>
<td width="189">35.1</td>
<td width="187">47.0</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">18.9</td>
<td width="189">-16.8</td>
<td width="187">-1.9</td>
</tr>
</tbody>
</table>
<p> </p>
<hr />
<h3><strong>Dow Jones Mini Futures:</strong></h3>
<p><a href="https://investmacro.com/wp-content/uploads/2023/10/YM-10-27-2023.png"><img decoding="async" loading="lazy" class="aligncenter" src="https://investmacro.com/wp-content/uploads/2023/10/YM-10-27-2023.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 -35,960 contracts in the data reported through Tuesday. This was a weekly reduction of -749 contracts from the previous week which had a total of -35,211 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 0.0 percent. The commercials are Bullish-Extreme with a score of 98.9 percent and the small traders (not shown in chart) are Bearish with a score of 25.9 percent.</p>
<h3>Price Trend-Following Model: Strong Downtrend</h3>
<p>Our weekly trend-following model classifies the current market price position as: <strong>Strong 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>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">24.1</td>
<td width="189">65.1</td>
<td width="187">10.4</td>
</tr>
<tr>
<td width="344" height="24">– Percent of Open Interest Shorts:</td>
<td width="188">58.4</td>
<td width="189">27.1</td>
<td width="187">13.9</td>
</tr>
<tr>
<td width="344" height="24">– Net Position:</td>
<td width="188">-35,960</td>
<td width="189">39,649</td>
<td width="187">-3,689</td>
</tr>
<tr>
<td width="344" height="24">– Gross Longs:</td>
<td width="188">25,159</td>
<td width="189">68,034</td>
<td width="187">10,893</td>
</tr>
<tr>
<td width="344" height="24">– Gross Shorts:</td>
<td width="188">61,119</td>
<td width="189">28,385</td>
<td width="187">14,582</td>
</tr>
<tr>
<td width="344" height="24">– Long to Short Ratio:</td>
<td width="188">0.4 to 1</td>
<td width="189">2.4 to 1</td>
<td width="187">0.7 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">0.0</td>
<td width="189">98.9</td>
<td width="187">25.9</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-Extreme</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">-51.1</td>
<td width="189">47.8</td>
<td width="187">-20.2</td>
</tr>
</tbody>
</table>
<p> </p>
<hr />
<h3><strong>Nasdaq Mini Futures:</strong></h3>
<p><a href="https://investmacro.com/wp-content/uploads/2023/10/NQ-10-27-2023.png"><img decoding="async" loading="lazy" class="aligncenter" src="https://investmacro.com/wp-content/uploads/2023/10/NQ-10-27-2023.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 2,697 contracts in the data reported through Tuesday. This was a weekly fall of -11,651 contracts from the previous week which had a total of 14,348 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 43.1 percent. The commercials are Bearish with a score of 39.1 percent and the small traders (not shown in chart) are Bullish with a score of 73.7 percent.</p>
<h3>Price Trend-Following Model: Strong Downtrend</h3>
<p>Our weekly trend-following model classifies the current market price position as: <strong>Strong 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>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">27.3</td>
<td width="189">56.0</td>
<td width="187">15.0</td>
</tr>
<tr>
<td width="344" height="24">– Percent of Open Interest Shorts:</td>
<td width="188">26.2</td>
<td width="189">57.7</td>
<td width="187">14.3</td>
</tr>
<tr>
<td width="344" height="24">– Net Position:</td>
<td width="188">2,697</td>
<td width="189">-4,366</td>
<td width="187">1,669</td>
</tr>
<tr>
<td width="344" height="24">– Gross Longs:</td>
<td width="188">69,019</td>
<td width="189">141,589</td>
<td width="187">37,947</td>
</tr>
<tr>
<td width="344" height="24">– Gross Shorts:</td>
<td width="188">66,322</td>
<td width="189">145,955</td>
<td width="187">36,278</td>
</tr>
<tr>
<td width="344" height="24">– Long to Short Ratio:</td>
<td width="188">1.0 to 1</td>
<td width="189">1.0 to 1</td>
<td width="187">1.0 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">43.1</td>
<td width="189">39.1</td>
<td width="187">73.7</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>Bearish</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">-9.8</td>
<td width="189">6.6</td>
<td width="187">3.0</td>
</tr>
</tbody>
</table>
<p> </p>
<hr />
<h3><strong>Russell 2000 Mini Futures:</strong></h3>
<p><a href="https://investmacro.com/wp-content/uploads/2023/10/ER2-10-27-2023.png"><img decoding="async" loading="lazy" class="aligncenter" src="https://investmacro.com/wp-content/uploads/2023/10/ER2-10-27-2023.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 -44,171 contracts in the data reported through Tuesday. This was a weekly rise of 1,301 contracts from the previous week which had a total of -45,472 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 45.5 percent. The commercials are Bullish with a score of 55.5 percent and the small traders (not shown in chart) are Bearish with a score of 25.4 percent.</p>
<h3>Price Trend-Following Model: Strong Downtrend</h3>
<p>Our weekly trend-following model classifies the current market price position as: <strong>Strong 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>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">14.0</td>
<td width="189">79.8</td>
<td width="187">4.6</td>
</tr>
<tr>
<td width="344" height="24">– Percent of Open Interest Shorts:</td>
<td width="188">22.5</td>
<td width="189">71.2</td>
<td width="187">4.6</td>
</tr>
<tr>
<td width="344" height="24">– Net Position:</td>
<td width="188">-44,171</td>
<td width="189">44,537</td>
<td width="187">-366</td>
</tr>
<tr>
<td width="344" height="24">– Gross Longs:</td>
<td width="188">72,617</td>
<td width="189">413,481</td>
<td width="187">23,620</td>
</tr>
<tr>
<td width="344" height="24">– Gross Shorts:</td>
<td width="188">116,788</td>
<td width="189">368,944</td>
<td width="187">23,986</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">1.0 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">45.5</td>
<td width="189">55.5</td>
<td width="187">25.4</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">11.7</td>
<td width="189">-8.1</td>
<td width="187">-15.3</td>
</tr>
</tbody>
</table>
<p> </p>
<hr />
<h3><strong>Nikkei Stock Average (USD) Futures:</strong></h3>
<p><a href="https://investmacro.com/wp-content/uploads/2023/10/NKD-10-27-2023.png"><img decoding="async" loading="lazy" class="aligncenter" src="https://investmacro.com/wp-content/uploads/2023/10/NKD-10-27-2023.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 -2,128 contracts in the data reported through Tuesday. This was a weekly rise of 127 contracts from the previous week which had a total of -2,255 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 51.8 percent. The commercials are Bearish with a score of 40.1 percent and the small traders (not shown in chart) are Bearish with a score of 46.3 percent.</p>
<h3>Price Trend-Following Model: Strong Downtrend</h3>
<p>Our weekly trend-following model classifies the current market price position as: <strong>Strong 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>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">5.8</td>
<td width="189">70.2</td>
<td width="187">24.1</td>
</tr>
<tr>
<td width="344" height="24">– Percent of Open Interest Shorts:</td>
<td width="188">19.7</td>
<td width="189">65.6</td>
<td width="187">14.7</td>
</tr>
<tr>
<td width="344" height="24">– Net Position:</td>
<td width="188">-2,128</td>
<td width="189">695</td>
<td width="187">1,433</td>
</tr>
<tr>
<td width="344" height="24">– Gross Longs:</td>
<td width="188">884</td>
<td width="189">10,754</td>
<td width="187">3,688</td>
</tr>
<tr>
<td width="344" height="24">– Gross Shorts:</td>
<td width="188">3,012</td>
<td width="189">10,059</td>
<td width="187">2,255</td>
</tr>
<tr>
<td width="344" height="24">– Long to Short Ratio:</td>
<td width="188">0.3 to 1</td>
<td width="189">1.1 to 1</td>
<td width="187">1.6 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">51.8</td>
<td width="189">40.1</td>
<td width="187">46.3</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">-18.6</td>
<td width="189">9.8</td>
<td width="187">12.9</td>
</tr>
</tbody>
</table>
<p> </p>
<hr />
<h3><strong>MSCI EAFE Mini Futures:</strong></h3>
<p><a href="https://investmacro.com/wp-content/uploads/2023/10/EMI-10-27-2023.png"><img decoding="async" loading="lazy" class="aligncenter" src="https://investmacro.com/wp-content/uploads/2023/10/EMI-10-27-2023.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 -30,499 contracts in the data reported through Tuesday. This was a weekly decrease of -2,280 contracts from the previous week which had a total of -28,219 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 26.7 percent. The commercials are Bullish with a score of 75.4 percent and the small traders (not shown in chart) are Bearish with a score of 26.0 percent.</p>
<h3>Price Trend-Following Model: Strong Downtrend</h3>
<p>Our weekly trend-following model classifies the current market price position as: <strong>Strong 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>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">6.5</td>
<td width="189">90.0</td>
<td width="187">2.6</td>
</tr>
<tr>
<td width="344" height="24">– Percent of Open Interest Shorts:</td>
<td width="188">14.3</td>
<td width="189">82.7</td>
<td width="187">2.2</td>
</tr>
<tr>
<td width="344" height="24">– Net Position:</td>
<td width="188">-30,499</td>
<td width="189">28,700</td>
<td width="187">1,799</td>
</tr>
<tr>
<td width="344" height="24">– Gross Longs:</td>
<td width="188">25,471</td>
<td width="189">352,594</td>
<td width="187">10,247</td>
</tr>
<tr>
<td width="344" height="24">– Gross Shorts:</td>
<td width="188">55,970</td>
<td width="189">323,894</td>
<td width="187">8,448</td>
</tr>
<tr>
<td width="344" height="24">– Long to Short Ratio:</td>
<td width="188">0.5 to 1</td>
<td width="189">1.1 to 1</td>
<td width="187">1.2 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">26.7</td>
<td width="189">75.4</td>
<td width="187">26.0</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">26.7</td>
<td width="189">-24.6</td>
<td width="187">-11.8</td>
</tr>
</tbody>
</table>
<p> </p>
<hr />
<p>Article <strong>By InvestMacro</strong> – <a href="https://www.investmacro.net/forms/subscribe-to-our-weekly-cot-report/"><b>Receive our weekly COT Reports by Email</b></a></p>
<p><strong>*</strong><a href="https://www.investmacro.com/cot/">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 <a href="https://investmacro.com/cot/">large speculators</a> 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-trading/">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 <a href="https://investmacro.com/cot-trading/">small traders/speculators</a>) 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>
<p>All information and opinions on this website and contained in this article are for general informational purposes only and do not constitute investment advice.</p>
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