Stock Markets, Energy and Metals Soar

Fueled by a generally weaker U.S. Dollar, most of the markets we track rose sharply today. Many had single-day gains of over 2%. I wish we were long more positions; but I am not unhappy with what we do have.

PORTFOLIO SYMBOL ENTRY CLOSE STOP PROFIT DAYS

Long Soy Oil BOZ10 40.86 43.82 42.23 $1,776 29
Long Zealand BNZ 23.36 23.88 23.47 2.2% 21
Long Crude Oil CLX10 76.47 82.82 81.19 $6,350 9
Long Crude Oil OIL 21.93 23.63 23.16 7.8% 9

Crude Oil Profit Target 85.57 ETF 24.41
fyi 85.00 ETF 24.25

If you look carefully, you will see that one position was exited today. The New Zealand Dollar futures were stopped out with a profit, but the ETF is still hanging in there. Remember what happened when a similar thing occurred with Silver? The ETF SLV stayed in for weeks longer, and collected a big gain. We'll see what happens.

The exited position is shown below:

CLOSED OUT SYMBOL ENTRY OUT PROFIT DAYS

Long Zealand NE1U10 72.90 73.32 $420 21

There is one scary signal for tomorrow: buy silver. The symbols are SIZ10 and SLV. You should know these symbols by now, if you watch the BLOG regularly.

The win-ratio is 99 wins out of 114 trades for 87%. It wouldn't be an overstatement to say that silver could be over-bought, but some markets can continue in such a state far longer than anyone could have predicted ahead of time. We'll see. If we get stopped out over night, we'll try and alert you in the morning.

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.