Specs Selling

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Updated April 30, 2012

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Specs Selling

Specs Selling (post #216895)

ron99 · 2012-04-30T12:00:11-04:00

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?

April 30th, 2012, 12:00 PM	#1 (permalink)
ron99 Cleveland, OH Elite Member Experience: Advanced Platform: QST Broker: QST, DeCarley Trading, Gain Trading: Options on Futures Posts: 3,082 since Jul 2011 Thanks Given: 980 Thanks Received: 5,785	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?