The Russell 2000 broad-based index was up 3.7% today! Corn was up 2.6%, and the other grains were up strongly, too.
Our longest-running position, short the S&P 500, was stopped out long before the spectacular close. We made good gains on this computer-generated position. While we are not yet long the stock indices, this exit may mean that the devasting decline is over. We'll see.
Our grain positions gained, but only in the futures positions, since there are no corresponding ETFs for the individual grains.
Here are the actual statistics:
PORTFOLIO SYMBOL ENTRY CLOSE STOP PROFIT DAYS
Long Soymeal SMZ10 267.50 271.50 255.50 $400 9
Long Corn CZ10 382.75 388.75 372.75 $300 6
CLOSED OUT SYMBOL ENTRY OUT PROFIT DAYS
Long Copper HGU10 296.45 297 $138 1
Short Lumber LBU10 206.00 213.80 -$858 1
Short S&P ESU10 1110.50 1042.75 $3,388 16
Short S&P SH 50.17 53.43 6.5% 16
We were stopped out of Copper with a very small gain, and stopped out of Lumber for a loss. The S&P position made 6.5% over 16 calendar days, which is over 1% for the portfolio.
We have three new signals for tomorrow: buy the Aussie Dollar, buy the Canadian Dollar, and buy Soybeans.
For BLOG purposes, we'll ignore the Soybeans signal since we are already long Soymeal. The record on the Canadian Dollar is 36 wins out of 39 trades for 92%. We'll ignore the Aussie signal because its statistics are not as good, and because of the currency contagion risk. The symbols on the Canadian Dollar are CDU10 for the futures and FXC for the ETF. Yes, that means we'll probably have an ETF position again.
Good luck to all!
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.
No comments:
Post a Comment