Commodities Take Off

There were some big gains in food today, so our coffee position soared. Our new positions were mixed.

The portfolio:

PORTFOLIO SYMBOL ENTRY CLOSE STOP PROFIT DAYS
Long Coffee KCH11 208.80 240.60 226.25 $11,925 31
Long Coffee JO 57.57 64.56 60.71 12.1% 31
Long Euro ECH11 129.72 131.31 130.06 $1,988 2
Long Euro FXE 129.88 130.78 129.54 0.7% 2
Long Crude Oil CLH11 92.19 92.87 92.66 $680 2
Long Crude Oil OIL 25.73 25.68 25.62 -0.2% 2
Long Cotton CTH11 149.34 149.97 144.74 $315 2
Long Cotton BAL 76.85 76.45 73.78 -0.5% 2
Long Cocoa CCH11 2936 2959 2746 $230 2

Closed Out Positions:

CLOSED OUT SYMBOL ENTRY OUT PROFIT DAYS

Long Sugar SBH11 32.75 31.54 -$1,355 1
Long Silver SIH11 29.545 29.670 $625 1
Long Silver SLV 28.95 29.00 0.2% 1

Sugar was stopped out with a maximum futures loss; however, no ETF position was taken per yesterday's BLOG Post.

Silver rose and gained in the futures market and was stopped out. ETF traders would exit on the open tomorrow.

There are a plethora of new signals for tomorrow: Buy Corn, Copper, Aussie Dollar, Soybeans and the British Pound. The BLOG will track the Corn as a future, since the intial stop is too deep for an ETF. We'll also go long Copper. The symbols are HGH11 and JJC. The track record is 108 trades out of 124 for 87%. For corn, the symbol is CH11 and the track record is 24 wins out of 29 trades for 83%.

We'll pass on the other signals because we can only add one more ETF and

1) The record on Soybeans is not as good as Corn and there is no ETF anyway

2) There is too much contagion risk with the British Pound and Euro Currency

3) We'll also pass on the Aussie, since we are already long a currency and need a metal in the portfolio.

See you tomorrow!

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.