In case you didn’t know, the Smart Money trading signals are generated from the CFTC’s weekly COT reports.
Those reports were in limbo when the government shut down after December 21st.
The government is now re-opened.
As of today, we have a release schedule for the Commitment of Traders reports from the CFTC:
From the CFTC: “1/29/2019…The last COT report was published on December 21, 2018. Reports going forward from that date will be published in chronological order beginning with the report previously scheduled for release on Friday, December 28, 2018 (based on data from Monday, December 24, 2018).
The CFTC expects to publish this report on Friday, February 1, 2019. After this, the CFTC expects to publish one report on Tuesday and another on Friday of each week until the reports are current as per the normal schedule.”
So basically, we’ll see the extremely important December expiration report this Friday.
It should take about a month for them to catch up unless they burn the midnight oil, and deliver ahead of schedule.
Now that would be nice!
With the SMI down, it felt like a close relative hadn’t called me in over a month.
Most of my strategies don’t use the SMI, but it’s still one of my favorites since it’s been so accurate at timing the S&P 500 and long-term US bonds over a period of about three months.
I’ll update you as the reports come in…
…but that December futures expiration update was key, and likely more important than what happened since then.