Today's action featured ups and downs. Of our three program-traded positions, two are up and one is down: the short Euro, and the long British Pound are ahead, while the long cotton is down. The specifics appear at the end of the post.
One new signal for today: buy cocoa. The futures symbol is CCH10 and the ETF symbol is NIB. By the way, if any reader knows of other ETFs for a given position, please feel free to share. The fund NIB has tiny daily volume, so it will be subject to more fluctuations than a more heavily traded fund.
Have a great day!
Thanks to member Donna for "helping" with this post.
Short Euro ETF EOU Entry Price 18.49 Stop: 18.52 Last: 18.73
Cotton ETF BAL Entry Price: 36.75 Stop: 34.55 Last: 35.20
British Pound ETF FXB Entry Price: 160.88 Stop: 161.27 Last: 163.55
Short Euro EUH10: 144.97 Stop: 144.48 Last: 142.85
Cotton CTH10 Entry Price: 74.00 Stop: 70.80 Last: 71.64
British Pound BPH10 Entry Price: 161.06 Stop: 161.75 Last: 163.33
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.
Our purpose is to quantitatively analyze markets to identify trends and over-bought/over-sold situations. We use computer programs applied to large amounts of data and trade markets by mathematical algorithms. We track these algorithmically-generated trades with ETFs and Futures. This BLOG is provided free of charge. Any views expressed herein are provided for informational purposes only and should not be construed in any way as an offer, an endorsement, or inducement to invest.
Historical Returns
The following represents the BLOG's 2010 ETF returns vis-a-vis other benchmark investment measures:
------------$Initial-----%Growth----$Return-----$Result
BLOG-----$100,000----26.6%-----$26,646-----$126,646
S&P 500--$100,000----12.8%-----$12,783------$112,783
1.5% CD--$100,000-----1.5%----- $1,500-----$101,500
S&P result excludes dividends.
Return on one Futures Contract: $137,684 (roughly margin of $25,000 to $50,000).
Please see the BLOG page on "Shortcomings and Limitations."
------------$Initial-----%Growth----$Return-----$Result
BLOG-----$100,000----26.6%-----$26,646-----$126,646
S&P 500--$100,000----12.8%-----$12,783------$112,783
1.5% CD--$100,000-----1.5%----- $1,500-----$101,500
S&P result excludes dividends.
Return on one Futures Contract: $137,684 (roughly margin of $25,000 to $50,000).
Please see the BLOG page on "Shortcomings and Limitations."
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