Our portfolio is now quite minimal. We await the resumption of a trend or reversal of a trend as perceived by our programs. Stock markets corrected today after the Fed Chairman's comments on Capital Hill.
PORTFOLIO SYMBOL ENTRY CLOSE STOP PROFIT DAYS
Long Soymeal SMZ10 267.50 285.00 274.10 $1,750 23
Long British BPU10 152.87 151.70 151.19 -$731 3
Long British FXB 151.81 150.99 150.48 -0.5% 3
Two positions were quickly disposed of:
CLOSED OUT SYMBOL ENTRY OUT PROFIT DAYS
Long Copper HGU10 302.35 306.90 $1,137 2
Long Copper JJC 41.50 41.09 -1.0% 2
Long Nat Gas NGQ10 4.531 4.610 $790 3
Long Nat Gas UNG 7.61 7.74 1.7% 3
Note that with the Copper position, the ETF lost money while the future made money. This phenomenon occurs periodically due to timing differences, that is, the two markets open and close at different times.
There is one scary new signal for tomorrow: buy the Russell 2000. Record: 70 wins out of 76 trades for 92%. There is a fairly deep initial stop.
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.
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