There were a number of positions exited today with gains: Copper, Gold, and Silver. Is this the end of the rally? Not necessarily. These positions were exited based upon mathematical formulae. For those of you who follow this BLOG closely, you'll notice that based upon the last post, you might conclude that silver should not have been exited. However, silver rallied sharply during the last 23-hour trading day, triggering a stop intra-session. The stops on Gold and Copper were as expected by the last post on the BLOG.
Ironically, after forming a second portfolio to accommodate the surplus of positions (over five), both portfolios have now shrunk considerably.
There are no new computer signals for tomorrow.
Open Positions Symbol Entry Stop Close Profit Days
Long Russell TFM10 608.50 665.00 701.30 $9,280 56
Long Russell IWM 61.66 66.89 70.54 14.4% 56
Long Platinum PLJ10 1534.90 1637.30 1739.40 $10,225 47
Long Aussie ADM10 90.90 91.40 92.07 $1,170 14
Long Aussie FXA 92.24 92.27 92.95 0.8% 14
Closed Positions Symbol Entry Out Profit Days
Long Copper HGK10 341.15 355.35 3550.00 15
Long Copper JJC 47.49 48.05 1.2% 15
Open Positions #2 Symbol Entry Stop Close Profit Days
Long British BPM10 149.75 151.01 153.65 $2,438 14
Long British FXB 150.46 150.52 153.15 1.8% 14
Closed Positions #2 Symbol Entry Out Profit Days
Long Silver SIK10 18.10 18.20 $500 7
Long Silver SLV 17.69 17.80 0.7% 7
Long Gold GCM10 1151.80 1156.50 470.00 6
Long Gold GLD 112.47 112.99 0.5% 6
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Any views expressed herein are provided for informational 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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