The day was the complete opposite of yesterday: nearly every entity we track gained ground. As a result, we made money on our long British Pound, and lost money on Short Gold and Short Corn.
For tomorrow, we have two compelling signals, that are somewhat related. Buy soybeans and buy soymeal. The two signals reinforce one another, since the data for the two commodities are separate; yet both signals were triggered. The track records are shown below. For now, we know of no pure ETF plays on these two foods. Therefore, we will only track the futures positions here in the BLOG.
New Signals:
Go LONG Soybeans: Symbols: SK11 and no ETF. Record: 83 wins out of 104 trades for 80%. Initial Stop: about $1800 for futures.
Go LONG Soymeal: Symbols: SMK11 and no ETF. Record: 53 wins out of 72 trades for 74%. Initial Stop: about $1200 for futures.
Good luck and we'll 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. Follow us on Twitter at www.twitter.com/bassanalytics.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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