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Specs Selling
Started:April 30th, 2012 (12:00 PM) by ron99 Views / Replies:961 / 1
Last Reply:April 30th, 2012 (12:00 PM) Attachments:0

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Specs Selling

Old April 30th, 2012, 12:00 PM   #1 (permalink)
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Specs Selling

According to the DCOT reports for futures only, the specs (Money Managers) have been getting out of longs and buying shorts at a large rate the last 5 weeks. Last report as of 4/24/12. This is for 19 commodities CL, RB, HO, NG, C, W, S, SM, GC, SI, HG, CC, CT, KC, SB, OJ, LB, LC, FC, LH.

Long position decrease -135,642
Short position increase +195,767
Net change +331,409

And this number includes the +80,070 net gain for S and SM during those same weeks. Take them out and you get a net change of +411,479.

Any opinions on why this movement? Were they getting ready for the "sell in May and go away" drop that happened the last 2 years? Some other reason?

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Old April 30th, 2012, 12:00 PM   #2 (permalink)
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