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.
Friday, 5 August 2011
Stopped Out of S&P 500 Trade
Woah - this crazy market is reminding me of 2008 all over again. Imagine the carnage that would have happened if the idiots in D.C. hadn't signed the debt agreement! The action this morning stopped me out of my S&P 500 long trade, which I had on since July 18. On the other hand, it's been pretty sweet for my bullish signal for the 30-year Treasury bond. Only problem - I didn't put on a trade for that signal because I didn't have any free money at the time in any of my accounts! See you later this weekend for an update based on this afternoon's Commitments of Traders data. Hope you're faring okay this week.
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