It was especially encouraging to see the Nasdaq give us the trifecta all within a week. The VIX.X is working its way back to the lower end of its previous range, closing at 23.49. We could see it back near the 19 area if these indices keep running. That would be a sign to take some profits, if not short the market. We'll be watching this as it develops.
Small specs are the general trading public with commercials being financial institutions.
Commercials are historically on the correct side of future trend changes while small specs are not. Extreme divergence between each signals a possible market turn in favor of the commercial trader's direction. These figures may have changed since the time of government compilation. Expect the current gold rally and XAU index to top out soon. Commercials have been building extreme net-long position in this industrial metal, a bullish sign for economic health.