Victor Sperandeo is a principal of Enhanced Alpha Management. He has more than forty years' experience on Wall Street, trading independently with, among others, George Soros, Leon Cooperman, and BT Alex Brown. He has written two very successful books with Wiley: Trader Vic: Methods of a Wall Street Master and Trader Vic II: Principles of Professional Speculation. Sperandeo has appeared on CNN and CNBC, as well as in leading financial publications.

• Preface ixAcknowledgments xiiiChapter 1 The Basics 1Chapter 2 You Can’t Win Them All 9Chapter 3 Indicators and Tools 15Chapter 4 2B or Not 2B: A Classic Rule Revisited 23Chapter 5 An Introduction to the S&P DTI 35Chapter 6 A Challenge to the Random Walk Theory 45Chapter 7 The Rationale and Value of a Long/Short Futures Strategy 67Chapter 8 Why the S&P DTI Is an Indicator 81Chapter 9 The Fundamental Reason the S&P DTI Generates Core Returns 105Chapter 10 The Nature of the S&P DTI Returns 115Chapter 11 A Fundamental Hedge 133Chapter 12 S&P DTI Subindexes: The S&P Commodity Trends Indicator and the S&P Financial Trends Indicator 139Afterword 143Appendix A S&P DTI Methodology and Implementation 147Appendix B How to Interpret Simulated Historical Results 177Appendix C Correlation Statistics 191About the Author 195Index 197

Victor Sperandeo is a principal of Enhanced Alpha Management. He has more than forty years' experience on Wall Street, trading independently with, among others, George Soros, Leon Cooperman, and BT Alex Brown. He has written two very successful books with Wiley: Trader Vic: Methods of a Wall Street Master and Trader Vic II: Principles of Professional Speculation. Sperandeo has appeared on CNN and CNBC, as well as in leading financial publications.

• Preface ixAcknowledgments xiiiChapter 1 The Basics 1Chapter 2 You Can’t Win Them All 9Chapter 3 Indicators and Tools 15Chapter 4 2B or Not 2B: A Classic Rule Revisited 23Chapter 5 An Introduction to the S&P DTI 35Chapter 6 A Challenge to the Random Walk Theory 45Chapter 7 The Rationale and Value of a Long/Short Futures Strategy 67Chapter 8 Why the S&P DTI Is an Indicator 81Chapter 9 The Fundamental Reason the S&P DTI Generates Core Returns 105Chapter 10 The Nature of the S&P DTI Returns 115Chapter 11 A Fundamental Hedge 133Chapter 12 S&P DTI Subindexes: The S&P Commodity Trends Indicator and the S&P Financial Trends Indicator 139Afterword 143Appendix A S&P DTI Methodology and Implementation 147Appendix B How to Interpret Simulated Historical Results 177Appendix C Correlation Statistics 191About the Author 195Index 197