Just last night we spoke about volatility and unpredictability in the markets, and then today "all hell broke loose." Employment expectations were not met, and the market translated this into overall lower expectations of the economy and ultimately corporate profits.
However, some things actually rose. The Swiss Franc, for example. The Franc has long been used as a "safe haven" in bad economic times. Note: the Swiss Franc rose against the U.S. Dollar, while the Aussie Dollar (which has been in recent times strong) fell against the U.S. Dollar. Unclear? It is simply the markets' perceptions of where money should and shouldn't be.
Our portfolio didn't have a bad day. We weren't long (or short) any equity index.
New Signals:
Go SHORT Heating Oil: Market On Open. Symbols: HON11 and UHN. Record: 18 wins out of 21 trades for 86%. Open: 301.41, Stop: 304.75.
Go SHORT Copper: Market On Open. Symbols: HGN11 and JJC. Record: 53 wins out of 65 trades for 82%. Open: 408.90, Stop: 416.70
We will follow both of these signals futures results. However, we already have four ETF positions, so we don't have room for both on the ETF side. Should one of our existing ETF positions be stopped out overnight, we will put both new signals into our ETF portfolio. Note that the British Pound is close, with a stop margin of only 31 cents.
Our Active and Closed Out Positions Appear in the Table Below:
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