Today was characterized by more strength in the U.S. Dollar. However, silver rallied back in spite of dollar strength. Our short Euro position improved, and is well ahead. Our soybean position improved, but is still in the negative for now.
For tomorrow, buy Copper, HGH10. The record is 39/51 for a 76% win ratio. However, be advised that Copper was UP about 100% last year. So, many commentators feel it is over-bought and due for a correction downward. It is an industrial metal and may be telling us the Global economy will be recovering. We'll have to wait and see. The ETF is JJC.
For tomorrow, buy Heating Oil, HOH10. The record is 50/59 for 85%, but bear in mind that Heating Oil has been in a precipitous decline. It is scary to buy in right here. The ETF is UHN.
If the U.S. Dollar continues strong, then both of the new signals could be disastrous.
Long Soybeans SH10: Entry Price: 955 Stop: 919 Last: 947.5
Short Euro ETF EOU Entry Price 18.49 Stop: 18.84 Last: 19.28
Short Euro EUH10: 144.97 Stop: 143.07 Last: 140.69
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.
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