New Signals:
Go LONG Soybeans: Symbols: SH11. Record: 37 wins out of 57 trades for 65%. Initial Stop shallow at $800.
Go SHORT Wheat: Symbols: WH11. Record: 33 wins out of 43 trades for 76%. Initial Stop shallow at $1100.
These are mixed and confusing signals at best. While both grains have rallied of late, our computer programs show us going different directions on Monday. Still more confusing is the fundamental news released last week, that China expects 6 million less bushels of wheat to be produced this year. Then again, in the stock market we know the old adage "buy the rumor, sell the fact." So, you decide what is right, of course. These signals are algorithmically-generated results.
Another signal came through to buy copper, and we are already long, so this will have no effect on the BLOG. Still, we see it as a of confirmation of our other signal. Of course, copper was profitable for us on Friday.
However, we got "hammered" on our Russell position. The news out of the Middle East generated trepidation, and sent stock markets down and crude oil prices surging upward.
This is evolving into a fun year. I welcome comments from readers as always. You are a great group, full of insightful opinions regarding just about everything. Until tomorrow...goodbye.
Our Portfolio:
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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