The Russell 2000 small cap index was down 3.6% on Friday. Gold was down over 1%. Copper was down almost 3%. The BLOG was on the sidelines, except for a winning position in grains. However, look out on Monday!
Our portfolio (no ETFs right now)
PORTFOLIO SYMBOL ENTRY CLOSE STOP PROFIT DAYS
Long Soymeal SMZ10 267.50 289.50 272.50 $2,200 19
Not a bad position. And we exited with a profit:
CLOSED OUT SYMBOL ENTRY OUT PROFIT DAYS
Long Zealand NE1U10 70.70 71.34 $640 5
Long Zealand BNZ 22.36 22.71 1.6% 5
However, we have lots of signals for Monday; some of which seem rather scary and/or controversial.
First the signals, then some commentary:
Sell short the Canadian Dollar, symbols CDU10 and FXC (short the ETF). The record historically is 6 wins out of 6 losses.
Buy the British Pound, symbols BPU10 and FXB (short the ETF). The record is 67 wins out of 97 trades for 70%. This trade has a very shallow initial stop.
Buy Natural Gas, symbols NGU10 and UNG. The record is 24 wins out of 28 trades for 86%.
Sell short the NASDAQ, symbols NQU10 and QQQQ (short the ETF). The record is 3 wins out of 3 trades for 100%.
Comments:
1. Two of the trades are not that credible
2. Lately, the Euro and British Pound have actually been going up after having been "beat up" all year.
3. Usually, all four investments are positively correlated, thus, 2 long signals and 2 short signals are kind of "hedged."
4. Take a look at a chart of the stock markets; they look very bearish from a technical standpoint.
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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