One of the Worst Days Recently

Stock markets were down about 3% today. A bloodbath!

There is speculation that the government may be hiding 1 million extra unemployed in its statistics. If this is true, then future spending will be less than anticipated in earnings estimates for companies.

All of the new signals performed dismally. They were essentially market oversold signals, and were positively correlated. The markets promptly became more oversold. Everything fell again as the dollar rose. The old short Euro postion became even more postive than ever, and will probably be our biggest gain of the year. Cotton lost a little, and is still alive.

Open Positions

Long Cotton ETF BAL: Entry Price 34.02 Last: 33.62 Stop: 31.83
Long Cotton CTH10: Entry Price: 69.82 Last: 68.99 Stop: 65.32

Short Euro ETF EOU: Entry Price 18.49 Stop: 19.88 Last: 20.24
Short Euro EUH10: Entry Price: 144.97 Stop: 139.65 Last: 137.22


Closed Out Positions

Note: I stated that there was a risk that all of the signals could lose money since they have traditionally been positively correlated. So, I would have only done one of the signals.

Long Aussie ETF FXA: Entry Price 88.55 Out 86.63
Long Aussie ADH10: Entry Price: 88.24 Out: 86.99 -1250, 1 day

Long Canadian ETF FXC: Entry Price 94.01 Out: 92.86, 1 day
Long Canadian CDH10: Entry Price: 94.59 Out: 92.99 -1600, 1 day

Long Platinum PLG10: Entry Price 1569.30 Out 1547.30, 1 day -1100
Long Platinum ETF PGM: Entry Price: 37.00 Out 36.48, 1 day

Long Russell 2000 ETF IWM: Entry Price 61.20 Exit: 59.60
Long Russell 2000 TFH10: Entry Price: 612 Exit: 596 -1600



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.