The pattern of overnight trend followed by day trade chop continues in the stock indexes. In the Nasdaq 100, approximately 150% of the gains on the year are overnight. 840 point gain overall with 1260 at night and -420 loss during the day. It will be interesting to see how long this pattern persists. The only two years on record, where the Nasdaq 100 was up more than 10% on the year and the sum of the day session gains were negative were 2007 and 2024. The day trade has been challenging and the last couple of days, even our top V-Reversal Nasdaq strategy was out of sync.
Historically Thursday's and Friday's can provide clarity. We are also working with another holiday week with 4 regular trading sessions. There has only been one week in the past five weeks, where there was a full 5 day trading session week (which was last week).
The One Million MNS 87 + 2 NQ ON + 3 MBT live results were -0.575% while the 250K Portfolio was down -$1,150 with some position size increases in V-Reversal NQ and Soybeans.
The Stock Index Portfolio 24 hypotheticals were -$2,702.50 per E-mini and 1/10th per Micro as we continue to work on bouncing off the drawdown levels.
The Top 50 Select Portfolio hypothetical results were +$215.00.
The 50K Portfolio hypothetical results were -$1,285.00
This is the time of year where we can see some routine accumulation and distribution but we are still getting past all of the four-day weeks and inauguration cycle.
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