Charles Nenner Strategy NASDAQ / GOLD / CRUDE / NAT GAS / BITCOIN Performance October 2023

Total Return Strategy

Long and Short Positions taken on Futures Markets, usually front month.

Positions are taken immediately upon BUY and SELL signals, given on the Charles Nenner Research Center Newsletter Updates

Monthly Performance October 2023

  C. Nenner Market  CN YTD
Nasdaq 2.95% -2.53% 75.91%
Gold 13.22% 6.87% 39.10%
Crude 4.59% -10.76% 83.86%
NatGas 20.00% 19.82% 129.85%
BTCUSD 27.82% 28.54% 148.64%

 

 

Nasdaq

Our short position carried from September was closed early in the month with a 0.95% profit. We decided not to take the short-term buy signals given along October, since there was a divergence of cycles - the short-term had turned up, while the long-term cycle continued down. We finish the period with an open short position, and a positive return of 2.95%, against a negative return for the Nasdaq of -2.53%. Our year-to-date return for the Nasdaq futures is at 75.91%.

 

NASDAQ Record of Positions in October

DATE DIRECTION ENTRY EXIT P/L P/L%
Sep-21 SHORT 15113      
Oct-02 CLOSE   14989 144 0.95%
Oct-20 SHORT 15045      
Oct-24 CLOSE   14744 301 2.0%
Oct-26 SHORT 14425     OPEN
        P/L October 2.95%

 

 

Gold

Gold found a cycle low early in the month that led us to close a short position and take the opposite direction that lasted for the whole period. We decided to take profits and wait for another more decisive signal. October brought as a return of 13.22%, against 6.87% for Gold. Our strategy is yielding a positive 39.10% return year-to-date.

GOLD Record of Positions in October

DATE DIRECTION ENTRY EXIT P/L P/L 5
Sep-22 SHORT 1939      
Oct-05 CLOSE   1830 109 5.62%
Oct-09 LONG 1861      
Oct-20 CLOSE 1/2   2000 139 7.47%
Oct-30 CLOSE 2/2   2005 144 7.74%
        FINAL P/L 7.60%
        P/L October 13.22%

 

 

Crude

..Our long position from September was closed with a 12.21% profit. Along the month, we took several short-term signals with the diverging cycles, and finish October with an open short position and a return of 4.59%, against a -10.76% performance on Crude. Year-to-date our strategy is returning 83.86%.

CRUDE Record of Positions in October

DATE DIRECTION ENTRY EXIT P/L P/L%
Aug-28 LONG 79.69      
Oct-04 CLOSE   89.42 9.73 12.21%
Oct-04 SHORT 89.42      
Oct-10 CLOSE   86.43 2.99 3.34%
Oct-10 LONG 86.43      
Oct-12 CLOSE   83.20 -3.23 -3.74%
Oct-12 SHORT 83.20      
Oct-16 CLOSE   87.72 -4.52 -5.43%
Oct-16 LONG 87.72      
Oct-24 CLOSE   86.15 -1.57 -1.79%
Oct-24 SHORT 86.15     OPEN
        P/L October 4.59%

 

Natural Gas

We had two very profitable positions in October, and finish the month with an open long position. Our return was of 20%, in tandem with a 19.82% performance for Natural Gas. Our strategy has a positive return for the year of 129.85%.

NAT GAS -  Record of Positions in October

 

DATE DIRECTION ENTRY EXIT P/L P/L%
Oct-05 LONG 3      
OCT-12 CLOSE   3.29 0.29 9.67%
Oct-12 SHORT 3.29      
Oct-24 CLOSE   2.95 0.34 10.33%
Oct-24 LONG 2.95     OPEN
        P/L October 20.00%

 

Bitcoin

Cycles were very divergent and the trading range long lasting, however we took the buy signal in mid-October, which we still hold with half of the position. We have a partial P/L of 27.82% for the month, in tandem with a 28.54% performance on Bitcoin.  Our partial year-to-date return is 148.64%

BITCOIN -  Record of Positions in October

DATE DIRECTION ENTRY EXIT P/L P/L%
Sep-28 LONG 26361      
Oct-02 CLOSE 1/2   28000 1639 6.22%
Oct-10 CLOSE 2/2   27598 1237 4:69%
        FINAL P/L 5.45%
Oct-10 SHORT 27598      
Oct-16 CLOSE   27926 -328 -1.19%
Oct-16 LONG   27926   OPEN
Oct-25 CLOSE 1/2   34214 6288 22.52%
Nov-01 Current Price   34800 6874 24.62%
        PARTIAL P/L 23.56
        PARTIAL P/L Oct 27.82%

 

 

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