There was a flight to quality with a big rally in the Swiss Franc. It is worth $1.02 to the U.S. Dollar. Gold and silver also rose sharply. Our computer-generated portfolio looks like this:
PORTFOLIO SYMBOL ENTRY CLOSE STOP PROFIT DAYS
Long Soy Oil BOZ10 40.86 44.93 42.23 $2,442 22
Long Zealand NE1U10 72.90 73.50 71.45 $600 14
Long Zealand BNZ 23.36 23.55 22.89 0.8% 14
Long Soy Meal SMZ10 296.00 308.50 302.90 $1,250 12
Long Swiss SFZ10 101.85 102.54 102.14 $863 3
Long Swiss FXF 101.00 101.65 101.25 0.6% 6
Long Crude Oil CLX10 76.47 76.18 75.37 -$290 2
Long Crude Oil OIL 21.93 21.64 21.41 -1.3% 2
Long Sugar SBV10 24.30 25.29 23.45 $1,109 2
Long Sugar SBB 72.51 73.52 68.17 1.4% 2
We have two new signals for tomorrow: buy Silver and sell short Corn. The symbols on silver should be very familiar by now: SIZ10 and SLV. For Corn, the commodity is CZ10. Since we are going to go long SLV, that will complete five positions in our ETF model portfolio.
The historical records back-tested are as follows: silver had 52 wins out of 71 trades for 73%. Corn had 21 wins out of 24 trades for 88%. Both of these signals scare me, since silver seems overbought, and corn is extremely volitile from day-to-day as supply and demand statistics are released.
Have a nice evening!
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. Past performance is not indicative of future results. Investors should discuss any investment with their personal investment counsel. 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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