Commitment of Traders (COT) Reports - 04/20/10

Here are the latest COT reports from 4/23/2010. The data is as of Tuesday 4/20. The graphs show the net positions for Commercials (hedgers) Non-Commercials (large speculators), and Non-Reportables (smalls speculators).

Perhaps the most interesting report is for the S&P 500 e-mini COT. Notice how the non-reportables are at odds (net long) with the non-commercials (net short). This is may be an indication of "dumb" money vs. "smart" money situation where astute players are distributing and not-so-smart, small players buy. I know I have already commented about the dangers of being bearish in the face of such a relentless uptrend but, as we learned in 2008, better safe and sorry than burned and full of regret.

Also interesting to note, continued bearish sentiment for the Euro but slightly less bearish sentiment for the British Pound.JPY sentiment is still net-short.

So, without further ado, here are the graphs: