The Commitment of Traders report

The Commitment of Traders report is an excellent source for traders to use when determining trend. Basically, it is a contrarian indicator. I quote Kathy Lien below:

According to the latest Commitment of Traders report of non-commercial or speculative positioning, traders have reduced their long dollar exposure significantly. In fact, net long positions in the dollar are the lowest since 2008. Traders have also increased their net long positions in euros by 142 percent in the last week, which is why he EUR/USD is having such a difficult time rallying. The British pound on the other hand saw an increase in net short positions. This suggests that the GBP/USD has plenty of room to rise.

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Equities up...however, I am still sure about my put purchase last night. Stubborn.