First, we present our current portfolio:
PORTFOLIO SYMBOL ENTRY CLOSE STOP PROFIT DAYS
Long Soymeal SMZ10 267.50 294.50 283.50 $2,700 42
Long Russell TFU10 611.30 658.10 631.50 $4,680 19
Long Russell IWM 62.18 65.86 63.20 5.9% 19
Long Zealand NE1U10 73.23 72.66 71.78 -$570 5
Long Zealand BNZ 22.98 23.04 22.76 0.3% 5
Obviously, our grain signal came far ahead of the news, which over the last several weeks was quite bullish. Also, our Russell signal came in the middle of "doom and gloom." The computer-generated signals that are the most difficult to accept based on current events, often turn out to be the best performers.
One closed out signal:
CLOSED OUT SYMBOL ENTRY OUT PROFIT DAYS
Long Gold GCZ10 1197.40 1204.8 $740 4
Long Gold GLD 117.99 117.58 -0.3% 4
Note the anomalous result that does not occur often: the future for gold made money whereas the ETF did not. This came about as a result of timing: the futures market opened right at 3 pm Pacific Time whereas the ETF opened at 6:30 am Pacific Time the next day. Sometimes this will happen in the short-term, but signals that persist tend to converge the longer they stay in effect.
Today's signals present an interesting dilema. First, sell short the Canadian Dollar. The symbols are CDU10 and FXC. The track record is 13 wins out of 13 trades for 100% historically. However, this short Canadian position seems to contradict our current long New Zealand Dollar. The CD entered at 97.29 and the stop is 99.19.
Good luck to all!
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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