The bear market rally continued today as we anticipated with hypothetical trading system signals of +$1,600 on the 200K Portfolio and +$400 on the 50K Portfolio. We are still on the sidelines for live trading right now.
The Stock Index Portfolio was up $4,200 per e-mini. The 200K Portfolio is setup to trade four micros and the 50K Portfolio is setup to trade one micro.
The market is so anxious to go up that yesterday's NFLX earnings were bad but not as bad as expected, and even with two down quarters in a row, NFLX is up on the day. TSLA earnings are out after the bell and TSLA is up in after hours but are rolling back over quickly.
The fundamental trend is much lower in my opinion but the short term money wants to allocate and call a bottom.
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