For Monday, a signal to Sell Short Coffee (I like Coffee Bold). Also, a signal to Sell Short Gold. Both commodities are in intermediate-term bull markets, and the signals are depicting a short-term "over-bought" condition. Giving credence to the signals is the same fundamental algorithm that triggered the short signals in the grains, which were very profitable.
Today, we were stopped out of the Long S&P position, even though the stock markets surged upward after that. Also, a quick one-day gain for short soybeans. Short corn made money as well.
New Signals:
Go SHORT Coffee. Symbols: KCK11 and JO. Record: 8 wins out of 8 trades for 100%. While this is not as many signals as we typically like to have, the data covers the period from 1978 to 2011. Initial Stop: about $1600 on the future and 1.6% on the ETF.
Go SHORT GOLD. Symbols: GCJ11 and GLD (or ETN). We will track GLD here in the BLOG, since it is much more liquid. Record: 46 wins out of 63 trades for 73%. Initial Stop: about $1900 on the future and 1.4% on the ETF.
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