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Trader Vic on Commodities: What's Unknown, Misunderstood, and Too Good to Be True

Trader Vic on Commodities: What's Unknown, Misunderstood, and Too Good to Be True

Victor Sperandeo

ISBN: 978-1-119-19679-2

Oct 2015

224 pages

Description

In Trader Vic on Commodities, Wall Street legend Victor Sperandeo explains in simple terms how these markets operate, removes some of the mystique and uncertainty involved, and offers a proven method for capitalizing on commodity market trends—without taking giant risks. Sperandeo shows that, as commodities are cyclical in nature, your goal should be to capture as much of the major market trends as possible, while balancing that goal with a minimum of risk.

Preface ix

Acknowledgments xiii

CHAPTER 1 The Basics 1

CHAPTER 2 You Can’t Win Them All 9

CHAPTER 3 Indicators and Tools 15

CHAPTER 4 2B or Not 2B: A Classic Rule Revisited 23

CHAPTER 5 An Introduction to the S&P DTI 35

CHAPTER 6 A Challenge to the Random Walk Theory 45

CHAPTER 7 The Rationale and Value of a Long/Short Futures Strategy 67

CHAPTER 8 Why the S&P DTI Is an Indicator 81

CHAPTER 9 The Fundamental Reason the S&P DTI Generates Core Returns 105

CHAPTER 10 The Nature of the S&P DTI Returns 115

CHAPTER 11 A Fundamental Hedge 133

CHAPTER 12 S&P DTI Subindexes: The S&P Commodity Trends Indicator and the S&P Financial Trends Indicator 139

Afterword 143

APPENDIX A S&P DTI Methodology and Implementation 147

APPENDIX B How to Interpret Simulated Historical Results 177

APPENDIX C Correlation Statistics 191

About the Author 195

Index 197