Yesterday we commented that it was a possible conflict in directions that the New Zealand Dollar would go up, while the Canadian would go down. Today, most major currencies went down, with the US Dollar rallying. Following the currencies down were the stock market indices, the metals, and the energy complex. Our long New Zealand Dollar was taken out, and our Canadian made an intra-day profit and exited. If you went short the ETF, you would exit in the morning.
CLOSED OUT SYMBOL ENTRY OUT PROFIT DAYS
Short Canadian CDU10 97.29 96.82 470 1
Short Canadian FXC 95.98 ? 1
Long Zealand NE1U10 73.23 71.78 -$1,450 6
Long Zealand BNZ 22.98 22.76 -1.0% 6
The ETF value for FXC will be updated in the statistics for the BLOG tomorrow.
The active portfolio has shrunken dramatically. This usually means lots of new signals in the near future.
PORTFOLIO SYMBOL ENTRY CLOSE STOP PROFIT DAYS
Long Soymeal SMZ10 267.50 289.80 283.50 $2,230 43
Long Russell TFU10 611.30 645.60 631.50 $3,430 20
Long Russell IWM 62.18 64.62 63.21 3.9% 20
We could easily see the Russell getting stopped out tomorrow, if today's weakness continues. As I write this at 5:30 pm Pacific Time, the stock markets have fallen another half percent.
We'll look carefully for some new signals 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.
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