Want to cut all the market noise? Just follow what the commercials do.
SBS Transit - SGX
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SBS Transit COT Proxy
Hit a high of 2.15 in January this year and moving back to 1.9. Good level to enter long now and the "big players" had been long for quite some time now. Quite defensive and moving up slowly and steadily.
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.
Straits Times Index - STI COT Proxy The STI or Straits Times Index, a benchmark for SGX stocks is ending lower this week. The commercials are net short since May 2012.
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