......there are a record number of new signals for tomorrow: 10 new signals for Monday for 9 different investments. The BLOG began in January of 2010, and this is by far the largest number of algorithmically-generated new trades suggested for one day. Note that we already have one existing position, long the British Pound, so we will have to be somewhat selective as to which signals we choose to follow.
First, we'll list all of the algorithmically-generated signals that the computer generated today, then, we'll give the statistics on those signals that we will follow in the BLOG. Our methodology limits the number of signals that we can follow. We will follow those with the best statistical records.
Go long: Corn, Gold, Coffee, Crude Oil, Silver, Platinum, Copper, S&P 500, and Cotton.
Go LONG CORN: Symbols: CK11 and CORN. Record: 12 wins out of 16 trades for 75%. Initial Stop: about $500 for futures and 1.4% for the ETF.
Go LONG GOLD: Symbols: GCJ11 and GLD. Record: 32 wins out of 37 trades for 86%. Initial Stop: about $2500 for futures and 1.1% for ETF. Note: there were actually 2 signals registered for GOLD.
Go LONG COFFEE: Symbols: KCK11 and JO. Record: 39 wins out of 51 trades for 77%. Initial Stop: about $2150 for futures and 2.1% for ETF.
Go LONG CRUDE OIL: Symbols: CLK11 and OIL. Record: 39 wins out of 54 trades for 72%. Initial Stop: about $1500 for futures and 1.5% for ETF.
The S&P signal is intriguing, but at 4 wins out of 4 trades (100%), it is not statistically credible. Note that our short Corn and short Gold trades made money. We are not out of these trades and reversing our positions by going long!
Good luck to all!
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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