The biggest move of the day was on CPI. I believe the rounded number was that it only beat expectations by .02%. When the market has trouble moving in one direction then it can reverse as we discussed yesterday. The pre-market gains tend to generate most of the gains and the overnight moves continue to dominate. The rally today was into a wide-ranging downtrend line based on a 60 minute chart in the E-mini Nasdaq futures.
The One Million MNS was up 0.15% on the day and the 250K Portfolio was up $300. The best gains were in the new Bitcoin strategies. V-Reversal E-mini Nasdaq was the trade of the day in the Nasdaq with a short trade, hitting its profit target. Many of the long trades were stopped out in the chop. Crude Oil algorithms also captured some upside moves. The CRB index is interesting and will post it tomorrow.
The Stock Index Portfolio 24 hypothetical results were +4,445, getting back about 1/2 of yesterday's losses on a drawdown entry alert. 1/10th of those results in the Micro.
The Top 50 Select Portfolio hypothetical results were +$1,257.50
The 50K Portfolio hypothetical results were +$2,380.00
Two full trading days left this week with a lot of economic reports in the pre-market that could provide a catalyst for more moves.
V-reversal new equity highs for trades on every day. Very nice to see!