S&P 500 Mini Non-Commercial Speculator Positions:
Large stock market speculators cut back on their bullish net positions in the S&P 500 Mini futures markets this week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.
The non-commercial futures contracts of S&P 500 Mini futures, traded by large speculators and hedge funds, totaled a net position of 124,079 contracts in the data reported through Tuesday May 29th. This was a weekly decline of -61,165 contracts from the previous week which had a total of 185,244 net contracts.
Speculative positions have declined for two straight weeks and for three out of the past four weeks. The overall net level has fallen to the lowest bullish position since March 20th when the net position totaled +83,293 contracts.
S&P 500 Mini Commercial Positions:
The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -514,792 contracts on the week. This was a weekly rise of 16,626 contracts from the total net of -531,418 contracts reported the previous week.
SPY (NYSE:SPY) ETF:
Over the same weekly reporting time-frame, from Tuesday to Tuesday, the SPY ETF, which tracks the price of S&P 500 Index, closed at approximately $269.02 which was a fall of $-3.59 from the previous close of $272.61, according to unofficial market data.