The COT Index calculation uses a 3yr rolling min/max to provide as the baseline in the calculation. This changed this week. The previous reading was from the March lows in 2009. Those numbers have now expired. The resultant calculation this week is different, but not I think significantly enough to alter the positions, I’ll see.

Again this week, like the last two weeks, the COT Index is positive, indicating that Long positions likely hold the edge in trading any index, and hence equity positions [in the aggregate].