We did not trade today as we are sitting out of this choppy market environment. The Fed raised their fed fund rates by 0.75% to 1.50%-1.75%.
The rally today seemed very weak, fabricated, and choppy. The trend is down but the massive bullish liquidity is still actively trying to pick a bottom.
The market seems to have had a playbook for several days that the market would rally if the Fed did what it projected by raising rates by 0.75%. It was a very choppy rally with extreme mean reversion. There were multiple V reversals in both directions.
At the highs of the day, the Stock Index Portfolio 26 was back to breakeven from a about a 5k deficit. The market rolled over again and ended down 6k on the day for the 200K Portfolio and down 1k on the day for the 50k Portfolio. These are not live trades but hypothetical results as we did not trade this live.
Tick Reversal and VT NQ had the top trades on the day.
We continue to research the best strategies for the second half of 2022.