Some Significant New Signals for Next Week!

Friday was a good day for the BLOG, with our new and existing positions mostly moving upward. The results are shown below:

PORTFOLIO SYMBOL ENTRY CLOSE STOP PROFIT DAYS
Long Soymeal SMZ10 267.50 279.20 270.60 $1,170 12
Long Corn CZ10 382.75 395.25 387.00 $625 9
Long Canadian CDU10 95.75 96.67 96.27 $920 2
Long Canadian FXC 95.60 96.24 95.84 0.7% 3
Long Russell TFU10 618.30 625.60 620.20 $730 2
Long Russell IWM 61.98 62.94 62.40 1.5% 2

Technically, yesterday's Heating Oil signal was stopped out intra-day, and the ETF goes into the weekend ahead of the game. We have another signal to buy Heating Oil for tomorrow. If you need to track the new signal, let know.

CLOSED OUT SYMBOL ENTRY OUT PROFIT DAYS
Buy Heating Oil HOJ10 201.50 203.32 $764 1
Buy Heating Oil UHN 25.07 25.23 0.6% 1

I will not officially follow Heating Oil in the BLOG, since I have another new signal to buy Crude Oil tomorrow. The record on Crude is 34 wins out of 45 trades for a win-ratio of 76%. Note also, that the ETF is OIL, and it traded over 300,000 shares on Friday. It is very liquid, excuse the pun.

I have another confirming signal to buy the Russell 2000. Its record is 18 wins for 18 trades for 100%. However, we will not follow this signal since we are already long the Russell. The new signal simply serves as "positive reinforcement."

Finally, we have some very interesting currency signals. Note, we have already "locked in" profits on the Canadian via our stop point. We have three new signals:

Buy the New Zealand Dollar: symbols BNZ ETF, and NE1U10 future. Record: 26 wins out of 33 trades for a win-ratio of 79%
Sell Short the British Pound: symbols FXB (a long ETF to short), and BPU10 future. Record: 7 wins out of 7 trades for a win-ratio of 100%. However, a deep initial stop.
Sell Short the Euro Currency: symbols FXE (a long ETF to short), and ECU10 future. Record: 7 wins out of 8 trades for a win-ratio of 88%. Note also that EUO is already short, but it is double-short the Euro so is more risky.

Under most circumstances, the New Zealand and the Euro would move in the same direction. However, logically it is possible that they might move in opposite directions based upon the fundamentals of their economies. They are sort of "hedged" positions.

Finally, note that we have been out of the precious metals for now, and happy about that. However, we patiently wait for our computer systems to give us something.

We are only going to follow 2 of these three signals in the BLOG: the New Zealand and the Euro. This is because the British Pound and Euro are highly positively correlated.


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.