This will have to do for now. I'm trying to juggle this and movie time with the wife. You know who comes first, right?
EWZ
A protective stop would have taken you out of a long trade on 29 Feb 2008. The long trade was entered on 09 Feb 2008. A sell signal was generated on 06 Mar 2008.
RIO
RIO gave a sell signal on 07 Mar 2008. The long entered on 29 Jan 2008 was exited via stop on 04 Mar 2008 after RIO broke below 34.00. I'm standing aside on RIO.
DRYS
DRYS is on my list of stocks I'm beginning to hate. So much promise. So many people jumping in after the spectacular earnings! It closed at 67.64 on Friday. Pretty impessive downmove since the 28 Feb 2008 sell. I show a possible buy point at 63 and change, but I'll have to confirm once we get there. I know it sounds like the "woulda, shoulda, coulda" of horse racing, but DRYS was on its way to 200 USD a share if it weren't for the US market downturn beginning late last year.
GLD
GLD gave me an add on buy signal on 04 Mar 2008. Any price near 95. My Neural Network Stochastic system gave me a buy on 06 Mar 2008, with a stop at 93. I haven't taken either signal as I'm long from earlier. We are on historic ground here, so I would be very cautious. My thoughts still are that 100 for GLD is a given.
SRS
Two different NN systems I designed gave long signals on 28 Feb 2008. One of the nets is a stochasitc system. The other is based on a combination of S/R and Cycles. The S/R Cycle net has for its inputs various Peak and Valley points that I determine, various cycles, and various special S/R lines. What is interesting to me is that whenever I examine the output of any of my nets, I like to look at a chart with the indicators that I developed that go into the net. My S/R Cycle net gave the signal to go long on the open of 28 Feb 2008. My visual inspection of the S/R Cycle chart gave me my long signal on 29 Feb 2008. We are already well into this move. One thing that SRS taught me last year is that it is very cyclical, and should be traded only for a short time frame. The Fed has a habit of killing an SRS run to the upside every time.
SPY
SPY gave a sell signal on 29 Feb 2008. See the above on SRS.
QID
QID gave a buy signal on 29 Feb 2008.
QLD
QLD gave a sell signal on 29 Feb 2008.
30 year yield
This is a difficult chart to read. We are within my dynamic peak / valley channels, but we are beneath a median line of these two channels. That means my bias is to the short side for the 30 year yield. Obviously this means the opposite for the ZB futures contract.
ZB daily chart (June 2008)
The chart looks positive. I would look to get long at a good price between Friday's low and close, and I would be very cautious around 118 16 and 119 00. Reports and spike movements will change this opinion in less than a second.
Final word:
At the moment I have a large position in GLD. No positions in anything else.
