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%
If you wish to be notified of new posts, let me know at bassanalytics@live.com.
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.
Sunday, March 7, 2010
Thursday, March 4, 2010
A Quiet Day
An uneventful day in the markets. Some small gains, and some small losses.
One new signal for tomorrow: buy the British Pound. Record: 56 wins out of 72 trades for 78%.
I am getting close to publishing a measure of return for the BLOG. I am a few days away from writing it up. Stay tuned, because it will be informative.
Open Positions Symbol Entry Stop Close Profit
Long Cotton CTH10 69.82 78.40 82.19
Long Cotton BAL 34.02 37.73 39.55 16.3%
Long Russell TFH10 611.00 619.50 652.30
Long Russell IWM 61.66 62.01 65.29 5.9%
Long Platinum PLJ10 1534.90 1549.00 1582.00
Long Platinum PTM 18.40 18.40 18.79 2.1%
Long Canadian CDH10 96.94 95.54 96.94
Long Canadian FXC 96.66 95.23 96.63 0.0%
Long Aussie ADH10 90.47 89.27 89.93
Long Aussie FXA 90.30 89.52 90.18 -0.1%
Closed Positions Symbol Entry Out Profit Days
Long Euro ECH10 135.69 136.02 412.50
Long Euro ULE 27.02 27.35 1.2%
If you wish to be notified of new posts, let me know at bassanalytics@live.com.
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.
One new signal for tomorrow: buy the British Pound. Record: 56 wins out of 72 trades for 78%.
I am getting close to publishing a measure of return for the BLOG. I am a few days away from writing it up. Stay tuned, because it will be informative.
Open Positions Symbol Entry Stop Close Profit
Long Cotton CTH10 69.82 78.40 82.19
Long Cotton BAL 34.02 37.73 39.55 16.3%
Long Russell TFH10 611.00 619.50 652.30
Long Russell IWM 61.66 62.01 65.29 5.9%
Long Platinum PLJ10 1534.90 1549.00 1582.00
Long Platinum PTM 18.40 18.40 18.79 2.1%
Long Canadian CDH10 96.94 95.54 96.94
Long Canadian FXC 96.66 95.23 96.63 0.0%
Long Aussie ADH10 90.47 89.27 89.93
Long Aussie FXA 90.30 89.52 90.18 -0.1%
Closed Positions Symbol Entry Out Profit Days
Long Euro ECH10 135.69 136.02 412.50
Long Euro ULE 27.02 27.35 1.2%
If you wish to be notified of new posts, let me know at bassanalytics@live.com.
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.
Wednesday, March 3, 2010
A Change May Be Coming
It was January when we speculated that there might be a turnaround in the direction of the U.S. Dollar. We had a signal to sell short the Euro Currency. The Euro fell for the past several weeks. A couple of days ago, we got an independent signal to buy the Euro. Today, our short Euro was stopped out to give us our biggest realized gain of the year 2010.
The new signals for tomorrow are to buy the Aussie and Canadian Dollars. If these signals are right, coupled with the long Euro, then there may be a big turn coming in the direction of the U.S. Dollar. We'll wait and see.
The Russell 2000, Cotton, and Platinum were up today, so we had some nice moves.
I am grateful for the support I am receiving from all of you. Each week, the number of hits on the BLOG is growing.
Open Positions Symbol Entry Stop Close Profit
Long Cotton CTH10 69.82 78.40 82.97
Long Cotton BAL 34.02 37.69 39.89 17.3%
Long Russell TFH10 611.00 619.50 649.80
Long Russell IWM 61.66 62.08 65.12 5.6%
Long Platinum PLJ10 1534.90 1548.90 1583.50
Long Platinum PTM 18.40 18.39 18.80 2.2%
Long Euro ECH10 135.69 136.02 136.98
Long Euro ULE 27.02 27.35 27.54 1.9%
Closed Positions Symbol Entry Out Profit Days
Short Euro EUH10 144.97 137.13 9800.00 48
Short Euro EOU 18.49 20.54 11.1% 48
Long Soy Meal SMH10 274.50 263.50 -1100.00 8
If you wish to be notified of new posts, let me know at bassanalytics@live.com.
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.
The new signals for tomorrow are to buy the Aussie and Canadian Dollars. If these signals are right, coupled with the long Euro, then there may be a big turn coming in the direction of the U.S. Dollar. We'll wait and see.
The Russell 2000, Cotton, and Platinum were up today, so we had some nice moves.
I am grateful for the support I am receiving from all of you. Each week, the number of hits on the BLOG is growing.
Open Positions Symbol Entry Stop Close Profit
Long Cotton CTH10 69.82 78.40 82.97
Long Cotton BAL 34.02 37.69 39.89 17.3%
Long Russell TFH10 611.00 619.50 649.80
Long Russell IWM 61.66 62.08 65.12 5.6%
Long Platinum PLJ10 1534.90 1548.90 1583.50
Long Platinum PTM 18.40 18.39 18.80 2.2%
Long Euro ECH10 135.69 136.02 136.98
Long Euro ULE 27.02 27.35 27.54 1.9%
Closed Positions Symbol Entry Out Profit Days
Short Euro EUH10 144.97 137.13 9800.00 48
Short Euro EOU 18.49 20.54 11.1% 48
Long Soy Meal SMH10 274.50 263.50 -1100.00 8
If you wish to be notified of new posts, let me know at bassanalytics@live.com.
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.
Tuesday, March 2, 2010
All Positions Go!
All of our current positions are showing profits. Platinum was our big winner today, up 1.5% and the Russell 2000 gained .75%.
There is one new signal for tomorrow: buy Copper. However, it is a very short-term signal, and therefore, I do not recommend it for ETFs.
No signals were stopped out today.
Good luck to all!
Open Positions Symbol Entry Stop Close Profit
Short Euro EUH10 144.97 137.13 136.16
Short Euro EOU 18.49 20.41 20.56 11.2%
Long Cotton CTH10 69.82 78.40 81.85
Long Cotton BAL 34.02 37.77 39.43 15.9%
Long Russell TFH10 611.00 618.80 648.10
Long Russell IWM 61.66 61.82 64.75 5.0%
Long Soy Meal SMH10 274.50 263.50 268.30
Long Platinum PLJ10 1534.90 1546.20 1576.00
Long Platinum PTM 18.40 18.40 18.75 1.9%
Long Euro ECH10 135.69 135.79 136.16
Long Duro ULE 27.02 27.00 27.07 0.2%
If you wish to be notified of new posts, let me know at bassanalytics@blogspot.com.
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.
There is one new signal for tomorrow: buy Copper. However, it is a very short-term signal, and therefore, I do not recommend it for ETFs.
No signals were stopped out today.
Good luck to all!
Open Positions Symbol Entry Stop Close Profit
Short Euro EUH10 144.97 137.13 136.16
Short Euro EOU 18.49 20.41 20.56 11.2%
Long Cotton CTH10 69.82 78.40 81.85
Long Cotton BAL 34.02 37.77 39.43 15.9%
Long Russell TFH10 611.00 618.80 648.10
Long Russell IWM 61.66 61.82 64.75 5.0%
Long Soy Meal SMH10 274.50 263.50 268.30
Long Platinum PLJ10 1534.90 1546.20 1576.00
Long Platinum PTM 18.40 18.40 18.75 1.9%
Long Euro ECH10 135.69 135.79 136.16
Long Duro ULE 27.02 27.00 27.07 0.2%
If you wish to be notified of new posts, let me know at bassanalytics@blogspot.com.
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.
Russell 2000
The big winner for today was our position in the Russell 2000 stock index: up 2.3%. Stocks often go up in advance of a recovery; however, unemployment is a very lagging indicator.
There is one new signal for today: buy the Euro Currency. We have another signal that is short along with a trailing stop with big profits. The long signal is 59/73=81%, so it is right 81% of the time. Those who are short could go flat for a time, and then resume short after the long signal runs its course. However, the decision is yours.
All of our open positions are sporting good profits. We got stopped out of the long British Pound last night.
Open Positions Symbol Entry Stop Close Profit
Short Euro EUH10 144.97 137.13 135.60
Short Euro EOU 18.49 20.49 20.72 12.1%
Long Cotton CTH10 69.82 78.40 83.29
Long Cotton BAL 34.02 37.71 40.06 17.8%
Long Russell TFH10 611.00 618.40 647.90
Long Russell IWM 61.66 61.33 64.26 4.2%
Long Soy Meal SMH10 274.50 263.50 268.40
Long Platinum PLJ10 1534.90 1545.20 1544.00
Long Platinum PTM 18.40 18.48 18.47 0.4%
Closed Positions Symbol Entry Out Profit Days In Out
Long British BPH10 154.30 151.18 -1950.00 5
Long British FXB 153.55 150.83 -1.8% 5 2/24/10 3/1/10
If you wish to be notified of new posts, let me know at bassanalytics@blogspot.com.
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.
There is one new signal for today: buy the Euro Currency. We have another signal that is short along with a trailing stop with big profits. The long signal is 59/73=81%, so it is right 81% of the time. Those who are short could go flat for a time, and then resume short after the long signal runs its course. However, the decision is yours.
All of our open positions are sporting good profits. We got stopped out of the long British Pound last night.
Open Positions Symbol Entry Stop Close Profit
Short Euro EUH10 144.97 137.13 135.60
Short Euro EOU 18.49 20.49 20.72 12.1%
Long Cotton CTH10 69.82 78.40 83.29
Long Cotton BAL 34.02 37.71 40.06 17.8%
Long Russell TFH10 611.00 618.40 647.90
Long Russell IWM 61.66 61.33 64.26 4.2%
Long Soy Meal SMH10 274.50 263.50 268.40
Long Platinum PLJ10 1534.90 1545.20 1544.00
Long Platinum PTM 18.40 18.48 18.47 0.4%
Closed Positions Symbol Entry Out Profit Days In Out
Long British BPH10 154.30 151.18 -1950.00 5
Long British FXB 153.55 150.83 -1.8% 5 2/24/10 3/1/10
If you wish to be notified of new posts, let me know at bassanalytics@blogspot.com.
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.
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