Friday Sees Russell 2000 Up Over 2%!

All of the broad stock market indices were up on Friday, and the Russell 2000 outpaced most with a 2.1% gain. It even outshone the S&P 500. What does it mean? Since the stock market is a leading indicator, it bodes well for the economy nine months from now. It also means that the advance is very broad in its base. We went long the Russell on February 16, and we are up about 8% on our ETF.

I have been working on quantifying the results for the BLOG. I am just about done; I think you will be pleased with the results. I have been corresponding directly with three of you concerning what you would like to see, and I think I have come up with something understandable and usable. Thanks for all the comments about this important topic. I am also happy that we are getting more hits on the BLOG each week. I thoroughly enjoy producing it.

For Friday we had a signal to go long the Canadian Dollar; it was stopped out intra-day for a small gain. For Monday, we have another signal to buy the Canadian Dollar again. The system has 55 wins out of 66 trades for 83%. The ETF symbol is FXC. Note that we already are long 2 other currencies, so there is an unmistakable contagion risk here. On the other hand, we already have "locked in" profits on the British Pound, provided that there is not a gap on the ETF. Note in the statistics below that our cotton position is now up 16.8% since we registered a buy signal on February 4th. This is our big winner for the year (so far) in our open positions. For closed positions, our short Euro gained 11.1%. Our biggest loss for the year was short gold with a loss of 3.7%. Our philosophy is to try and cut losses, while letting our gains run.

Open Positions Symbol Entry Stop Close Profit
Long Cotton CTH10 69.82 78.40 82.43 6305
Long Cotton BAL 34.02 37.78 39.72 16.8%
Long Russell TFH10 611.00 625.60 664.40 5340
Long Russell IWM 61.66 62.73 66.62 8.0%
Long Platinum PLJ10 1534.90 1549.00 1579.10 2210
Long Platinum PTM 18.40 18.43 18.79 2.1%
Long Aussie ADH10 90.47 89.27 90.70 230
Long Aussie FXA 90.30 89.42 90.85 0.6%
Long British BPH10 150.26 150.66 151.30 650
Long British FXB 149.84 150.28 150.92 0.7%

Closed Positions Symbol Entry Out Profit
Long Canadian CDH10 96.94 97.22 280.00
Long Canadian FXC 96.66 96.91 0.3%



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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.

The quotes and symbols used in the BLOG are believed to be reliable, but no guarantees are made with regard to the accuracy.