Again, it looks like the end of the U.S. Dollar Rally. We received a plethora of signals for Monday, so I wanted to write the BLOG early so that you can have plenty of time to ponder the implications. Note that many of these signals are statistically correlated, so there is a contagion risk if you were to take all (or even more than one.)
Buy: Gold (GCJ10, IAU), Russell 2000 (TFH10, IWM), Cocoa (CCK10, NIB), and the Aussie Dollar (ADH10, FXA). Note that the futures symbol appears first, and the ETF symbol appears second. The statistical win ratios are as follows:
Gold 54/73= 74%
Russell 52/76= 68%
Cocoa 283/459 = 62%
Aussie Dollar 56/67 = 84%
There is a lot to consider here. Good luck to all!
Open Positions
Long Canadian Dollar CDH10 Entry Price: 94.10 Stop: 92.50 Last: 95.40
FXC Entry Price: 94.09 Stop: 92.50 Last: 94.71
Long Cotton ETF BAL: Entry Price 34.02 Stop: 34.72 Last: 36.02
CTH10: Entry Price: 69.82 Stop: 71.77 Last: 74.91
Short Euro ETF EOU: Entry Price 18.49 Stop: 20.32 Last: 20.61
EUH10: Entry Price: 144.97 Stop: 138.11 Last: 136.20
Closed Positions
Long Copper HGH10: Entry Price: 2.988 Stop: 3.6085 2,012.50
Long Copper JJC: Entry Price 41.35 Stop: 42.0 +1.6%
Long Heating Oil HOH10: Entry Price: 1.9627 Stop: 1.9043 -2452.00
Long Heating Oil UHN: Entry Price 24.91 Stop: 24.81 -.4%
Long Platinum PLJ10 Entry Price: 1509.60 Stop:1514.90 +265
PGM Entry Price: 36.25 Stop:36.35 +.3%
Long Aussie Dollar ADH10 Entry Price: 87.28 Stop: 87.73 +450
FXA Entry Price: 88.66 Stop:88.18 -.6%
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.
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