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, 9 October 2007
Portfolio Update
Just updated my portfolio page (see link in Navigation bar) to reflect my trade today based on my Nikkei bullish signal from the Aug. 28 Commitments of Traders report. Devotees of this space will recall that trade setup has a five-week trade delay, so execution was for the open of trading this week. More details on that setup are available at my "Latest Signals" page. The setup fades the large speculators when they hit extremes in their net futures and options position as a percentage of the total open interest as reported by the U.S. Commodity Futures Trading Commission.
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