I've just added another market to my coverage - the S&P/Toronto Stock Exchange Composite Index. Although the TSX isn't covered by the COTs Report, I correlated it with the S&P 500 COTs data to come up with a trading system that has historically beaten the TSX by a wide margin. Click on the "Profit/Loss Results" page for details on this new setup.
The TSX flashed a buy signal on March 23 after commercial traders adopted a bullish posture in S&P 500 futures and options that in the past has usually led to superior gains on the TSX. The signal historically worked best if delayed by two weeks. This means the buy should have taken effect for the open Monday, April 9.
The TSX setup has subsequently continued to flash renewed buy signals each week - for a total of five buy signals so far - because of the continued bullishness of the commercials. (Click "Glossary" and "Profit/Loss Results" for more information on how my system works and my terminology.)
No comments:
Post a Comment