Signals "Heat Up"

New Signals:

Go LONG Heating Oil: Symbols: HOH11 and UHN. Record: 52 wins out of 80 trades for 65%. Initial Stop: about 1.2%.

Exit Russell ETF Market on Open. Future for Russell 2000 stopped out at 793.90. Note that the stop we listed in yesterday's portfolio was 793.70. The stop was raised intra-day by the algorithm, and that was the low for the day. Therefore, the computer exited us from the Russell 2000 future; thus, the ETF IWM will be exited on the open tomorrow. We show the results for the Russell 2000 below; however, the ETF exit point will be revised tomorrow. Note that the closure of this position allows us to go long Heating Oil.

Heating Oil has been on a rampage to the upside. Therefore, it seems extremely over-bought to me. My instincts tell me I shouldn't be buying Heating Oil at these levels. However, the algorithm tells me otherwise. We'll see. This is one in which I am second-guessing the computer.




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