Daily Trading System Results - April 12, 2022

50K Portfolio 1 Micro SI 25 (LIVE) = -$150

200K Portfolio 6 Micro SI 25 (LIVE) = -$950

Wild trading day on the highest CPI in 40 years. 1981 was the last time we saw inflation at 8.5% or higher. As we have seen in the past, the dip buyers love to buy high CPI readings in anticipation of "peak inflation". They are calling a top in inflation and a bottom in equities. This isn't the first time we have seen this pattern, except today the market rolled over pretty hard after the initial euphoria.

We were up 3k at the peak, the chop took us to down -5k intra-day and we ended the day down about 1k in the 200K. I was glad to keep the end of day losses at those levels considering the extreme chop.

Momentum Reversal NQ short trade was barely stopped up. That trade would have put us profitable on the day.

7 Nasdaq strategies traded today. 3 were profitable.

4 S&P strategies traded today. 2 were profitable.

The market supported the overnight lows this afternoon and bounced after taking out those levels.

I was glad to see the market reverse and short trades capture the move lower.

Tick Reversal had two really good short trades.

In general this market is extremely wild so far this month.

The Nasdaq is down near its 61.8% Fibonacci Retracement from its March 15 lows to its March 29 highs. the S&P is down near its 50% retracement from its most recent lows to its most recent highs.

It would be great to see the market take out those March 15 lows.