What a Difference a Day Makes

We were stopped out of 3 out of 5 of our ETF positions today. Each exit posted a profit, but less than we had acheieved yesterday.

Our portfolio looks like this:

PORTFOLIO SYMBOL ENTRY CLOSE STOP PROFIT DAYS
Long Zealand NE1Z10 74.46 75.70 75.25 $1,240 8
Long Zealand BNZ 23.74 24.25 24.11 2.1% 8
Long Canadian CDZ10 99.66 98.56 98.51 -$1,100 5
Long Canadian FXC 99.02 98.30 98.25 -0.7% 5

So, we are left with two foreign currency positions. The positions exited are as follows:

CLOSED OUT SYMBOL ENTRY OUT PROFIT DAYS
Long Silver SIH11 28.625 28.840 $1,075 5
Long Silver SLV 28.33 28.60 1.0% 5
Long Copper HGH11 375.10 401.40 $6,575 9
Long Copper JJC 50.02 53.44 6.8% 9
Long Cotton CTH11 112.25 129.34 $8,545 9
Long Cotton BAL 57.80 65.49 13.3% 9

There are no surprises here with but one exception: copper. The copper stop last shown in the BLOG was 394.15. However,intra-day, copper rose to over 413.00. This moved the intra-day stop to 401.40, and copper subsequently fell to that level for an exit to the position. Usually, such radical moves do not occur in one day. Also, it would have been impossible for the reader to know these facts without an intra-day monitoring system for the BLOG, which we do not have at this time.

There are no new signals for tomorrow.

All the best,

Dan



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.