It was January when we speculated that there might be a turnaround in the direction of the U.S. Dollar. We had a signal to sell short the Euro Currency. The Euro fell for the past several weeks. A couple of days ago, we got an independent signal to buy the Euro. Today, our short Euro was stopped out to give us our biggest realized gain of the year 2010.
The new signals for tomorrow are to buy the Aussie and Canadian Dollars. If these signals are right, coupled with the long Euro, then there may be a big turn coming in the direction of the U.S. Dollar. We'll wait and see.
The Russell 2000, Cotton, and Platinum were up today, so we had some nice moves.
I am grateful for the support I am receiving from all of you. Each week, the number of hits on the BLOG is growing.
Open Positions Symbol Entry Stop Close Profit
Long Cotton CTH10 69.82 78.40 82.97
Long Cotton BAL 34.02 37.69 39.89 17.3%
Long Russell TFH10 611.00 619.50 649.80
Long Russell IWM 61.66 62.08 65.12 5.6%
Long Platinum PLJ10 1534.90 1548.90 1583.50
Long Platinum PTM 18.40 18.39 18.80 2.2%
Long Euro ECH10 135.69 136.02 136.98
Long Euro ULE 27.02 27.35 27.54 1.9%
Closed Positions Symbol Entry Out Profit Days
Short Euro EUH10 144.97 137.13 9800.00 48
Short Euro EOU 18.49 20.54 11.1% 48
Long Soy Meal SMH10 274.50 263.50 -1100.00 8
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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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