Live Trading System Signal on 09/03/2024

It was a nice day to short the market on a day the stock indexes were down across the board between 2 - 3%, giving back their gains from August on the first trading day of the month. September is seasonally weak for the stock market.

The live trading results for the One Million MNS 123 was up +2.3% on the day while the 250K Portfolio was up +$4.6K.

The hypothetical trading system signals for the Stock Index Portfolio 18 was +$7,715 on the E-minis and +$770 on the Micros.

The drawdown entry alert has been a good entry point in the short term.

It is interesting to look at the daily chart of the stock indexes. There was a strong pullback in the market at the beginning of August that was quickly mean reverted by the bulls right after many bulls started to call for an emergency rate cut. It appears that it could have been an over-reaction to drive prices up this quickly. Either way, the market is giving us some good trading signals on both the long and short side.

We anticipate this type of price action as we move towards the end of the year with good trading opportunities. We are flat at the end of the day and can take long or short trades during tomorrow's session.