Both Cotton and the British Pound were up today, so both of our computer programmed positions increased in value.
These are difficult times in which to invest. Many people have lost money on all of their investments since 2008. Most people would not claim to have known what was going to happen; let alone, to have capitalized on the prediction.
One new signal popped out today: short Gold. Most people wouldn't short anything, let alone a precious metal that is in a bull market. However, in the interest of doing a complete BLOG, I mention it for your information. The track record on this system was: 37/46=80%. This is based upon my computer programs. However, this signal should simply be viewed as an indication that the metals are over-bought on a short-term basis.
Cotton ETF(BAL) Entry Price: 36.75 Stop: 34.55 Last: 35.96
British Pound ETF:FXB Entry Price: 160.88 Stop: 161.04 Last: 162.38
Cotton CTH10 Entry Price: 74.00 Stop: 70.80 Last: 73.43
British Pound BPH10 Entry Price: 161.06 Stop: 161.45 Last: 162.79
Any views expressed herein are provided for information purposes only and should not be construed in any way as an offer, an endorsement, or inducement to invest.
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