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.
Monday, 24 December 2007
Mess of New & Renewed Signals
Wow! A whole mess of interesting new and renewed signals from last Friday's Commitments of Traders report. Take a look at the table on my "Latest Signals" page (see link in the Navigation bar on the right), which I updated yesterday with all the gory details. I'll be back to my regular posting schedule later this week. Hope you have a great holiday, and best wishes for the New Year!
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3 comments:
Hi, how do I read it when you said USD is bearish? Bearish against which currency?
Similarly for GBP? Bullish against which currency?
Thanks!
Fred
Hi Fred,
My setup is for the U.S. Dollar Index (which weighs the U.S. dollar against major trading partner currencies). The pound contract trades on the CME in the U.S. - paired with the U.S. dollar.
Regards,
Alex
Great info. Btw, how's the Euro index coming together? Would be a great indicator for us Europeans in the audience to follow.
Happy new year!
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