Did you know you can access the CFTC Commitments of Traders (COT) report in QuikStrike? Last week, for example, money managers continued to short precious metals with their first net short in silver since August of 2015:
Such a crowded short trade might be viewed as a good entry point by contrarian bulls; a situation that has played out in the last few trading sessions (note that the report is released on Fridays and reflects data from the prior Tuesday).
Similarly, leveraged short positions in JPY/USD (shorting Yen) increased 40% from the previous week to the highest absolute level of shorts since August 2015 – at the same time, this category has been shorting the USD in all other major currency pairs.
Accessing the COT Report
To access the report, login to QuikStrike. In the top menu click on “Market Reports” and then, depending on your version, click either the thumbnail with the header “COT Report” or the “Commitments of Traders” menu item.
As usual, select your product using the product menu in the upper left hand corner of the report.
You can further customize your report in the “Settings” and “History Range” drop down menus at the top of the page.
The Settings menu allows you to view data for futures, options, or both combined. You can also specify the chart type to be a bar graph (shows gross positions) or a line graph (shows net positions). Lastly, you can select the account type(s) to show in the report – note that these change in different asset classes.
The History Range menu lets you select the amount of data you wish to view; the options are 3-months, 6-months, 9-months, 1-year, 2-years, 3-years, 5-years, and all available data.