Stocks rallied today, carrying them to new recovery highs. Our Japanese Yen position was stopped out, much to my dismay. I thought that it might be a long-term winner, but we got out for a small gain as indicated below.
Our active portfolio of computer-generated positions is getting shorter. Note: yesterday we got a signal to short the Russell 2000; however, our buy signal is independently still in effect. So, one could be neutral, or ignore the short signal, or only honor the short signal (since it is the "freshest"). I don't normally entertain contradictory signals such as these, but at least for now, this is what the programming has yielded. Do with it what you will, with the usual caveats applicable below.
On March 9, we extrapolated the annual rate of return for the BLOG at 35%. Based upon the extensive list of assumptions shown there, we can calculate that same number for today, and it is slightly over 30%. Obviously, the last several days of trading have seen some losses. As we pointed out on March 9, this was not unexpected. We will give a more extensive update at the end of the quarter.
All the best to you; see you tomorrow. And I almost forgot to mention, there are no new signals for tomorrow.
Open Positions Symbol Entry Stop Close Profit
Long Cotton CTK10 70.34 78.40 82.89 $6,275
Long Cotton BAL 34.02 37.66 39.82 17.0%
Long Russell TFM10 608.50 648.60 687.60 $7,910
Long Russell IWM 61.66 65.30 69.23 12.3%
Long Platinum PLJ10 1534.90 1563.30 1608.50 $3,680
Short Euro ECM10 136.78 136.34 135.00 $2,225
Short Euro EUO 20.20 20.65 20.85 3.2%
Short Russell TFM10 680.80 704.80 689.60 -$880
Short Russell RRZ 29.62 28.31 28.93 -2.3%
Closed Positions Symbol Entry Out Profit
Long Yen JYM10 110.71 110.85 175.00
Long Yen FXY 109.40 109.83 0.4%
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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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