Last Friday, Big Bamboo closed out the USD trade for a handsome 14% gain. (I know, I’m late updating).
Surprisingly, there have been no signals since then, although the indexes have made some nice pullbacks. I’m not sure what that says about the quality of the pullbacks. Probably nothing.
I’m still testing to determine whether the Big [...]
Highlighted in a pleasing green hue is the latest Big Bamboo position: USD. Should this ETF have another strong close tomorrow, it will be sold on Friday’s open.
There were no new Big Bamboo signals for Thursday’s open.
On tomorrow’s open the Big Bamboo will go long USD, the Ultra Semiconductor’s ETF.
I will update the spreadsheet and post it tomorrow.
There has been quite a bit of stress-testing of the Big Bamboo entry signal, over the last several weeks. The entry has also been modified and tested as an exit, replacing the RSI(2) exit [...]
More pain for the Big Bamboo. DXD closed out on today’s open, after the RSI2 for the diETF closed Friday above 70. The trade may have closed with a small loss, or a small gain (hard to know for sure) if the indices would not have gapped on the news of our government signing a [...]
QID gapped below the stop this morning, costing the system .30% more than planned. It hate it when trades hover near their stops for extended periods of time. The psychological ramifications notwithstanding, they will often gap beyond the stop on the open, as QID did.
SDS and DXD closed in the good.
The Bamboo really has to [...]
The QID position came within a nickel of stopping out on Friday. It is marked-to-market as of the close and within .5% of stopping out.
The system has selected five diETFs to enter, but the rules will allow only 2 trades on any one day. The other ETFs were TWM, MZZ, and EFU. I would not [...]
Highlighted in battleship gray is the SKF trade that promptly stopped out today. Beneath it in tan is the QID trade that looked good last night, but looks awful now. It came within half a point of stopping out.
Ugh.
The Big Bamboo has an 81% win rate, since 12/31/2007, on 78 completed trades. It does not [...]
