What hedge funds are buying and selling

hello All,

With reference to the previous entries about the SP500 Index. Today I present a summary of recent movements of hedge funds in selected markets. Summary of these were created by Bank of America Merrill Lynch Global Research.

My earlier posts showing the movements of the volume and the smart money moves.

link 1

link 2

The report shows that, large speculators reduced ther S&P 500 positioning to net short this week and their NASDAQ longs to a one-year low. They also decreased their long exposure to US Dollar (raising their AUD longs to a record high) and maintained their long exposure to 10-year Treasuries. Across all asset classes, positioning is at extremes.

chart 1. 30-yr T-bond futures, 2014-04-21

chart 2. SP500 Index futures, 2014-04-21

chart 3. Nasdaq 100 futures, 2014-04-21

Chart 4. Russell 2000 Index futures, 2014-04-21

chart 5. Gold futures, 2014-04-21

chart 6. Silver futures, 2014-04-21

chart 7. Copper futures, 2014-04-21

chart 8. 10-yr T-note futures, 2014-04-21

chart 9. 2-yr T-note futures, 2014-04-21

In summary, I showed another source of information demonstrating that continuing high level of SP500 Index is not confirmed by volume. Therefore, still recommending a short position. The upcoming short week should bring answers is pointed good strategy.

best regards,

oscarjp

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