Want to cut all the market noise? Just follow what the commercials do.
Genting - SGX
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Genting
Exit trade after being stopped at 2.09. Those who want to enter long, be aware the proxy is turning to bearish level. Better saty out of long trade for now.
For those of you not familiar with the Commitments of Traders Report, COT Proxy, you might want to check out this website Larry Williams Picture Perfect Trading for a brief introduction. I attended one of his Picture Perfect courses a few years ago and this was one of the things he touched on. The COT report is released by the US Commodity Futures Trading Commission where they show the open positions of traders for futures contracts. For stocks and other instruments there is no such COT report released so what the proxy has done is to simulate/gauge the open positions of these traders.
How do you make sense of it all, with all the numbers? COT Report Exported to MS Access To make it easy for me to interpret the data, I exported the raw COT report into MS Access which allows for easy filing, retrieval and manipulation. Please see the screenshot above for what I have done. It is easy to sort by year, by the commodity, by the exchanges, etc. It is also advisable that you know basic SQL language so that you can play around with the data.
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