Авторы: | STEPHEN BRIESE |
Год написания: | 2008 |
Страницы: | 279 |
Издательство: | |
ISBN: | 978-0-470-17842-3 |
Жанр: | Трейдинг |
The Commodity Futures Trading Commission’s weekly Commitments of Traders (COT) report is the single most revealing internal market report issued by any government agency. It single-handedly establishes U.S. futures as the most transparent of any of the world exchanges. In the process, it promotes a level playing field for commodity and futures traders, large and small. The COT’s application extends well beyond the confines of the commodity pits and into virtually every market sector, from FOREX to gold stocks, from equities to treasuries, and from ETFs to sector funds. The world is interconnected, and it runs on commodities, currencies, and financial paper—all traded on the U.S. futures markets. Think I exaggerate? In 2006 the Commodity Futures Trading Commission (CFTC) asked for public comments regarding extending or eliminating the COT report. They received a record 4,659 responses from 22 countries, every one encouraging the CFTC to continue and expand their report—with one notable exception. In a letter to the Commission dated August 26, 2006, the International Swap and Derivatives Association objected on behalf of its “725 member institutions,” noting that “Market participants, including speculators, with such information on non-traditional commercial trends, would gain a competitive advantage allowing them to trade ahead of the swap dealers.” If the largest derivative traders in the world are afraid of your having access to this intelligence, you had better take notice. Despite their objections, the new COT-Supplemental report on swap dealers began weekly publication on January 8, 2007. The bad news is that this added 506 new data points to the more than 17,000 individual data points already contained in the weekly COT reports. The good news is that there now is a guide. This book is your manual. Without it, you are at the mercy of the junior wire services reporters who get stuck working Friday evening, or of the ramblings of would-be COT mavens posted on bulletin boards around the Internet. Armed with this book, you have a chance at separating the wheat from the chaff. Without it, you will get the chaff. That, in a kernel, is the case for this book. | |
Теги: | фундаментальный анализ, аналитика, инвестиции, личные финансы, системный трейдинг, торговые системы, трейдинг |
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Неизвестный 11 марта 2020, 11:31 |