Ever wonder what the smart money is doing in the markets? You don’t need to pay big bucks to find out. Just read the Commodity Futures Trading Commission’s free weekly Commitments of Traders report. The CFTC’s COT data is a Holy Grail of market info, listing trillions of dollars in positions in 200+ markets – gold, crude oil, natural gas, silver, forex, equity indexes and lots more. My trading system, which I posted about here for seven years, gave weekly trading signals based on the COT data.
Tuesday, 23 October 2007
Portfolio Update: Reduced Long Equity Position A Tad
Just updated my portfolio page to reflect my sale of a tech fund based on my recent bearish signal for the NASDAQ 100. This new signal, based on fading the large speculators when their futures and options net position hits extremes of bullishness and bearishness, was based on the Commitments of Traders report issued Oct. 12. My NASDAQ 100 setup works best with a one-week trade delay, so I executed the signal this past Monday. Check the "Latest Signals" page for more details on this setup, and "How It Works" to learn more about all this COTs stuff and my system based on these interesting government reports.
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