Commitment of Traders (COT) Reports - 03/30/10

These are the April 2nd 2010 COT reports, containing data as of March 30th 2010. Graph show net positions for Commercials (hedgers), Non-Commercials (large speculators), and Non-Reportables (small speculators).

Highlights for this weeks reports:
1. S&P 500 e-mini - still seeing divergence between non-reportables (increased net long position) and non-commercials (still net short). As indicated last week, this divergence is a warning sign that large speculators are trimming long positions as small traders pile in on the long side.
2. USDX COT report - shows an increase in non-commercial positions.
3. EUR and GBP - COT reports for both show increase in non-commercial short positions, reflecting the sustained bearish sentiment.
4. Commodity currencies and Crude Oil - Bullish net-long positions persist for the Loonie, Aussie, and Crude oil.
5. Japanese Yen and 10 Yr Notes - perhaps the most telling COT reports this week are the Yen and 10yr Notes reports. Both show a dramatic increase in net-short positions.