Yesterday, I indicated that we had a buy signal on Coffee, and that it was one of my favorites. It did not disappoint! As usual, Coffee opened at 12:30am Pacific Time, and opened on its low for the day. At the close, May Coffee was up 2.9%, which translates into $2,850 per contract in one day. The ETF; however, was essentially unchanged. The reason: Coffee's move took place overnight, before the ETF market opened. The ETF JO gapped higher, and closed near its open. The portfolio is looking good!
I am producing the BLOG later than I would have wished this evening. The computer generated two signals for this evening: buy Copper and buy Silver. As luck would have it, these commodities are already up strongly in overseas trading. Also, we only have room for one more position in the portfolio. The signal with the better record is to buy Copper, while the signal with the better profit-per-trade is silver. I'll present both statistical records here.
Go LONG Silver: Market On Open. Symbols: SIK11 and SLV. Record: 60 wins out of 74 trades for 81%. Open on silver was 39.67, and it is currently trading at 40.005, with a stop at 39.75. This means that the future is up $1,650. Sorry, but "it is what it is," and it looks too late for any BLOG reader to do anything about this signal.
Go LONG Copper: Market On Open. Symbols: HGK11 and JJC. Record: 109 wins out of 126 trades for 87%! Open on Copper was 442.10, and it is currently trading at 446.30, with a stop at 444.50. This means that the future is up $1,050. Again, it looks too late for any BLOG reader to do anything about this signal.
There will be other signals, and other algorithms. One thing is for sure, the market presents us with opportunities around every corner.
The markets are on a wild ride! Congress's lack of action is translated into a decline in the dollar. Market participants vote with their capital, and capital is moving out of the dollar, and into any currency or thing that might be perceived to have more safety or value.
POSITION SYMBOL ENTRY CLOSE STOP PROFIT DAYS
Long British BPM11 160.57 163.05 161.06 $1,550 8
Long British FXB 159.69 162.11 160.13 1.5% 8
Long Gold GCM11 1433.8 1459.3 1442.2 $2,550 7
Long Gold GLD 138.65 142.51 140.84 2.8% 7
Long Corn CK11 730.00 764.50 752.75 $1,725 7
Long Corn CORN 44.46 45.84 45.14 3.1% 7
Long Coffee KCK11 265.20 272.80 270.50 $2,850 1
Long Coffee JO 72.55 72.49 71.88 -0.1% 1
Excuse the unformatted data; there was a technical problem this evening.
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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