The following chart and data highlight non-commercial commodity futures trading positions as of February 27, 2017.
This data was released with the March 2 COT Report (Commitment of Traders). Note that these charts also appeared on my blog.
The chart below looks at non-commercial futures trading positions for the Russell 2000 futures. For the week, the Russell 2000 traded lower by -1.0%.
Russell 2000 Futures
March 2 COT Report Spec positioning:Â Currently net short 4.5k, down 3.8k.
Since losing the 50-day moving average a month ago, the Russell 2000 Index has managed to close above the average just once. That was this past Monday. The 200-day moving average lies beneath.  Until either one of these two important moving averages gives way, the Russell 2000 is trapped between them.
Relative to large-caps, small-caps have underperformed for a while now.
In the week to Wednesday, iShares core S&P small-cap ETF (IJR) lost $28 million, while $190 million moved into iShares Russell 2000 ETF (IWM). Although year-to-date, flows remain tentative. Through Wednesday this year, IJR gained $126 million, but IWM lost $2.9 billion (courtesy of ETF.com).
Twitter:Â @hedgopia
Author may hold a position in mentioned securities at the time of publication. Â Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.
