Lots of Positions

We have lots of active positions at the present time. All of them are ahead for now. Two were stopped out, and we have two new ones for today, so the net number is unchanged.

The two new signals are to buy the British Pound and to buy the Euro Currency. The long Euro is opposite our current short position, so we will end up neutral. However, I intend to track both signals herein, since the short Euro position has been so profitable. The British Pound System had an 79% win ratio (56/71). The Euro Currency System had a win ratio of 58/72 = 80%.

The nature of both signals is that of buying in to an over-sold market. However, as I write this BLOG, the metals and currencies are beginning to collapse. They may be continuing the previous downtrend after the recent, short-term rally. This remains to be seen. I have read some market commentators that believe this scenario. This would forestall the long-awaited super rally of the metals, which has been expected because of the world-wide stimulus packages.

Open Positions Symbol Entry Stop Close Profit
Short Euro EUH10 144.97 138.11 136.04
Short Euro EOU 18.49 20.32 20.59 11.4%
Long Cotton CTH10 69.82 72.19 76.11
Long Cotton BAL 34.02 34.72 36.53 7.4%
Long Canadian CDH10 94.10 94.96 95.55
Long Canadian FXC 94.09 92.50 95.31 1.3%
Long Aussie ADH10 88.50 88.94 89.68
Long Aussie FXA 89.95 88.84 89.58 -0.4%
Long Russell TFH10 611.00 613.80 624.70
Long Russell IWM 61.66 61.38 62.47 1.3%

Closed Positions Symbol Entry Out Profit Days
Long Gold GCJ10 1093.70 1098.50 480.00 1
Long Gold GLD 109.45 109.25 -0.2% 1
Long Cocoa CCK10 3134.00 3145.00 110.00 1
Long Cocoa NIB 46.40 45.91 -1.1% 1



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.