Yesterday, we hypothesized that our long Russell 2000 position would be stopped out, and today it was stopped out with a nice profit. In fact, the Russell and other stock indices plummeted. The foreign currencies, metals, and energy complex also fell sharply, with the exception of the yellow metal: gold. Treasury bonds rose. My interpretation: with a still doubtful world economy, there was a "flight to quality." The U.S. Dollar, Gold, and U.S. Treasury Bonds have often been safe havens in times of economic trouble. Note that the U.S. Dollar is being chosen over other currencies in spite of our growing National Debt. So, investors are implicitly saying that many other countries may be in worse trouble. However, the purpose of our BLOG is to follow computer generated signals, not invest based upon our speculative knowledge. So, back to topic.
Our ETF portfolio has shrunk to nothing. Not a bad place to be today, was it? Zero is better than grossly negative. We'll save our capital for a good opportunity.
CLOSED OUT SYMBOL ENTRY OUT PROFIT DAYS
Long Russell TFU10 611.30 631.50 $2,020 21
Long Russell IWM 62.18 64.62 3.9% 21
Short Canadian CDU10 97.29 96.82 $470 1
Short Canadian FXC 95.98 95.44 0.6% 1
PORTFOLIO SYMBOL ENTRY CLOSE STOP PROFIT DAYS
Long Soymeal SMZ10 267.50 289.80 283.50 $2,230 44
NO NEW SIGNALS for tomorrow. Sometimes nothing is better than something....
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