Stocks & Commodities V. 33:1 (8-9): Letters To S&C by Technical Analysis, Inc.

Stocks & Commodities V. 33:1 (8-9): Letters To S&C by Technical Analysis, Inc.
Item# V33C01_905LETT
Availability: In Stock

Product Description

Letters To S&C by Technical Analysis, Inc.



Further to Giorgos Siligardos’ November 2014 article on when the “smart money” fails, I would argue that fail or not, the Commitments Of Traders (COT) report is “much ado about nothing.” After reading Larry Williams’ Secrets Of The COT Report last year, I did hundreds of hours of backtesting, studying, and simulated trading and I come away with a big thumbs down on using COT data.

As some of you know, the so-called smart money (that is, commercial speculators) generally buy when markets sell, and vice versa. In effect, they’re not really trading but hedging. (Technically, this reminds me of inversely related markets like the US dollar and gold, or the Dow Jones Industrial Average (DJIA) and the volatility index (VIX) — neither of which provide a truly predictive view into the others’ future activity). In any case, the only hope of making money using the COT report might be to enter an opposite position to the commercials. For example, when a selling campaign is ending, one might consider buying, and so on. In fact, this is the only way you can trade using COT data unless you, too, are hedging and have the enormous financial clout to short long markets, and be long short markets. But even so, the COT report doesn’t provide an effective early warning system as to when large interests are going to move. So I ask: For the average speculator, what’s the intrinsic value in following it?

*Note: $2.95-$5.95 Articles are in PDF format only. No hard copy of the article(s) will be delivered. During checkout, click the "Download Now" button to immediately receive your article(s) purchase. STOCKS & COMMODITIES magazine is delivered via mail. After paying for your subscription at users can view the S&C Digital Edition in the subscriber's section on

Take Control of Your Trading.
Professional Traders' Starter Kit
All these items shown below only $299.99!
  • 5-year subscription to Technical Analysis of STOCKS & COMMODITIES, The Traders' magazine. (Shipping outside the US is extra. Washington state addresses require sales tax based on your locale.)
  • 5 year access to S&C Archive
  • 5 year access to S&C Digital Edition
  • 5-year subscription to Advantage.
  • 5-year subscription to Working Money.
  • Free book selection.
  • Click Here to Order