In an effort to slow growth, China raised its interest rates yesterday, sending many of the foreign currencies we track plummeting versus the dollar. Our new positions in short gold and short the Canadian Dollar rose rapidly in futures trading. However, the collapse came before the New York stock markets opened, so the results on the ETFs were mixed.
PORTFOLIO SYMBOL ENTRY CLOSE STOP PROFIT DAYS
Long Soy Oil BOZ10 40.86 47.10 43.50 $3,744 44
Long Zealand NE1U10 72.90 74.10 73.53 $1,200 36
Long Zealand BNZ 23.36 23.77 23.59 1.8% 36
Short Canadian CDU10 98.21 96.66 97.35 $1,550 2
Short Canadian FXC 96.05 96.36 97.05 -0.3% 2
Short Gold GCZ10 1370.60 1336 1349.5 $3,460 2
Short Gold DGZ 16.15 16.21 16.05 0.4% 2
There were no new signals for Wednesday.
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. We may have positions in one or more of the ETFs or futures of the computer-generated signals.
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