All the markets that we track with our systems were down. Currencies, energy, metals, foods, and stock market indices were down. Practically the only thing up was the U.S. Dollar. See the previous post entitled Dollars, Dollars and more Dollars for some background.
With regard to my programs, two lost in value, and one gained. However, the gains in the Euro far-outpaced the combined losses in Cotton and the British Pound.
There is a new signal to sell silver short. My system generated 6 trades over a ten-year period, with 6 wins. Therefore, it was 100% profitable. But at 6 trades, it isn't credible. I mention it simply because it tends to indicate that silver has been over-bought. This does not invalidate the bull market in silver.
Short Euro ETF EOU Entry Price 18.49 Stop: 18.71 Last: 19.26
British Pound ETF FXB Entry Price: 160.88 Stop: 161.27 Last: 163.55
Short Euro EUH10: 144.97 Stop: 143.58 Last: 141.03
British Pound BPH10 Entry Price: 161.06 Stop: 161.75 Last: 163.33
Cotton was stopped out:
Cotton ETF BAL Entry Price: 36.75 Exit: 34.55
Cotton CTH10 Entry Price: 74.00 Exit: 70.80
The Cocoa signal was invalid. Sorry for any inconvenience this may have caused.
Any views expressed herein are provided for information purposes only and should not be construed in any way as an offer, an endorsement, or inducement to invest.
The quotes and symbols used in the BLOG are believed to be reliable, but no guarantees are made with regard to the accuracy.
No comments:
Post a Comment