BLOGGERS and ERRORS

Today, defined as beginning last night overseas, saw most markets initially lower, then tremendously higher at the close. The Russell 2000, which represents 2000 small-capitalization stocks, rose 3.5% from yesterday's close. This is a tremendous one-day move.

First, here are the positions that were closed out:

CLOSED OUT SYMBOL ENTRY OUT PROFIT DAYS
Short Euro ECU10 126.40 126.05 $438 2
Short Euro FXE 125.23 125.55 -0.3% 2
Long Corn CZ10 382.75 387.00 $213 12
Long Corn CORN 26.52 26.61 0.3% 12

We are showing what the Corn ETF would have gained if you had known about it when we published our buy signal. As noted previously in the BLOG, a reader pointed out that this new ETF opened for trading in June.

Secondly, the Euro Currency triggered a buy-stop intra-day. As you may know, my computer signals are generated and changed throughout the trading day. Someday, we may offer the facility to send signals to readers intra-day.

Here is the current portfolio:

PORTFOLIO SYMBOL ENTRY CLOSE STOP PROFIT DAYS
Long Soymeal SMZ10 267.50 276.90 270.60 $940 15
Long Zealand NE1U10 70.70 71.70 71.03 $1,000 2
Long Zealand BNZ 22.36 22.81 22.60 2.0% 2
Short Wheat WU10 534.00 549.25 557.75 -$763 1
Short Swiss SFU10 94.39 94.88 95.31 -$612 1
Short Swiss FXF 93.97 94.18 94.61 -0.2% 1
Long Gold GCQ10 1200.00 1211.30 1207.60 $1,130 1
Long Gold GLD ? 118.36 118.00 1

Just one comment, "BLOGGERS can make ERRORS." I had been waiting for a buy gold signal for weeks, and ran my programs before the final gold data posted. As a result, I missed a buy signal last night. I am showing us long gold at tonight's opening price. This will not agree with the computer-generated entry, but I list the gold because it is something that many readers follow assiduously. Shown below is what should have occurred:

Long Gold GCQ10 1197.70 1211.30 1207.60 $1,360 1
Long Gold GLD 118.98 118.36 118.00 -0.5% 1

Note: you would be up on the futures and down on the ETF. The reason, as usual, is because of timing differences. The question mark above will be filled-in with tomorrow morning's opening price of GLD, unless the future is stopped out overnight.

Finally, as you may know, we were stopped out of the Russell 2000 on a trailing stop yesterday, but I pointed out that there was a new "confirming" buy signal on the index future. I actually stayed in the position today (something I am quite happy about) and in case some of you are following the ETF, IWM, I post those results below.

Long Russell TFU10 624.20 644.40 627.90 $2,020 1
Long Russell IWM 63.08 64.20 62.56 1.8% 1

For fairness in tracking the BLOG's performance, I will not use these Russell numbers in the return for the BLOG. However, because I am still following the second signal generated, I will continue to publish the stops for this signal.

I hope I haven't totally confused you tonight. However, the numbers are what they are. If you have questions, please feel free to contact me via a BLOG comment, or an email at the address below.

Oh, and if you don't count gold (see above), there are no new signals for tomorrow.

If you wish to be notified of new posts, let me know at bassanalytics@live.com. I will send you an email every time there is a new post.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.