Commitment of Traders (COT) Reports - 01/13/2011

Two noteworthy COT charts this week:

1. S&P 500 E Mini - For the first time since August is displaying net positive position for non-commercials, signaling that the S&P has a little more room to stretch upwards as it begins to flirt with a major resistance level of 1300
2. USDX - Sharp increase in net positive positions for non-commercials indicate the dollar will have the upper hand in the coming days, at least against the Euro

Click on the images below to enlarge.

PS - The data in the chart is as of 1/11/2011 (latest COT data) and not 1/13/2011