Trader Vic on Commodities

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