Hypothetical Trading System Signals on July 26, 2022

Small gain today but pretty much breakeven on the day with preliminary results showing +$750 on the Stock Index Portfolio 22 E-mini. This translates to +$300 on the 200K Portfolio and +$75 on the 50K Portfolio.

FOMC tomorrow along with more earnings.

The market is looking for a reason to rally here but I think the bulls will be disappointed in the end as the market was down today with Wal Mart earnings yesterday evening showing more signs of weakness in the economy.

Profits were mainly on the short side but the end of day desire to "pop" the market gave back some of the gains and generated some choppy signals.

We are still waiting for a drawdown to start live trading.