The stock markets were up early in the day, and plummeted near the close. We closed out the Russell 2000 Long position with a gain:
Long Russell TFM10 634.10 642.40 830 14
Long Russell IWM 63.29 65.39 3.3% 14
In 14 days we made 3.3% on the ETF.
By contrast, the short S&P position,which we took this week, made money. Our open positions appear below:
PORTFOLIO Symbol Entry Close Stop Profit Days
Long Cotton CTZ10 79.31 79.21 74.71 -50 12
Long Cotton BAL 38.51 38.79 36.59 0.7% 12
Long Coffee KCU10 146.10 160.75 151.50 5493.75 9
Long Coffee JO 40.45 43.78 41.26 8.2% 9
Long Zealand NE1U10 69.42 70.01 69.75 590 7
Long Zealand BNZ 22.02 22.27 22.19 1.1% 7
Short S&P ESU10 1110.50 1090.50 1106.50 1000 1
Short S&P SH 50.17 51.78 50.35 3.2% 1
Short Euro ECU10 123.30 122.74 123.16 700 1
Short Euro FXE 122.50 122.38 122.80 0.1% 1
Long Soybeans SX10 938.00 936.00 919.00 -100 1
For tomorrow, exit the long New Zealand Dollar position. Note also, that we got two signals to sell short the Russell 2000. These are duplicate signals for that of the S&P; however, they reinforce the downward market scenario. As usual, we'll only track the first signal: that of the S&P.
That's all for tonight. Please email any questions or comments that you might have.
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.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.The quotes and symbols used in the BLOG are believed to be reliable, but no guarantees are made with regard to the accuracy.
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