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 150 markets – gold, crude oil, natural gas, silver, forex, equity indexes and lots more. My trading system, which I continue to refine, gives me weekly buy and sell signals based on the COT trader data.
Monday, September 15, 2008
Portfolio Update: Got Chucked
As if the last few weeks weren't brutal enough, now this. Just saw the video of Chuck Liddell getting KO'ed by Rashad Evans. Just incredible. Hmm, and what's this? Lehman Bros. down 94.8 percent. Lovely. Yikes. Unfortunately, my short signal for U.S. financials took effect only on the open - after the gap down - so I didn't benefit quite as I might have hoped. In fact, my ongoing trades are looking decidedly like Chuck after he got clipped, as you can see on my just-updated portfolio page. Good luck this week!
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1 comment:
I kept my xlf puts over the weekend based on your set-up; made great money, thank you!!
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