COT Nasdaq 100

The old Wall Street adage of "sell in May and go away" is certain to receive its usual discussion/debate as May approaches.

Let me front run that discussion by saying FOLLOW THE MONEY. Become less bullish during a liquidity-driven rally when support (fuel) is withdrawn (consumed). Leveraged money set up the rally, and headlines were spun to support it. Profits are being booked as investors, confused by the spin, come to expect trees that reach the sky.

Nasdaq 100 and the Commercial Traders COT Futures and Options Stochastic Weighted Average of Net Long As A % of Open Interest: