Research
Positioning
WatchTower Research on positioning: clear, practical explainers using the same data the terminal runs on across FX, metals and indices.
Positioning
How to Read the COT Report (Without Fooling Yourself)
A plain-language guide to the CFTC Commitments of Traders report: who is in it, what the net position actually tells you, and the traps that catch most traders.
Positioning
Retail Sentiment vs COT: The Two Crowds
Retail traders and institutions are two different crowds, and they are often on opposite sides. Here is how to read retail sentiment, and why the divergence is the signal.