Apr 07 2008
What are the Small Traders Doing?
I’ve just been looking at the most recent Commitment of Traders data and there’s a really strange split showing up between the mini S&Ps and the NASDAQ.
Here’s the minis:
And here’s the NASDAQ:
Notice how they are well long the S&P and well short the NASDAQ.
Hmmm. Should I be shorting the S&P and buying the NASDAQ as a contrary trade? Actually, I already think that’s the play right now based on recent relative strength between the two indices.
More on this topic
(What's this?)
S&P 500 Chart – The Art of Technical Analysis
(My Trader's Journal, 1/22/12)
Why We May See a Rally in U.S. Stocks
(Money Morning, 12/19/11)
What a Little-Known Market Tool Is Telling Us About U.S. Stocks in 2012
(Money Morning, 1/11/12)
Here are some other posts which might interest you:
