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Live Trading System Signals on 02/08/2024

The live trading system signals for the 250K Portfolio was down -$135 while the hypotheticals were -$110. The ranges were as narrow as holiday trading levels with a 15 point range in the S&P as it stalls in front of 5,000 with the Nasdaq trading range less than 90 points.

The VIX settled at 12.79. The range in the S&P was 0.3% of its closing price. It feels like a game of chicken as the market grinds higher every day with very little ebb and flow. There hasn't been even a 3% pullback in more than 3 months.

The Stock Index Portfolio 27 E-mini was up $200 on the day going 3 for 3 in the S&P and 0 for 1 in the Nasdaq.

The Stock Index Portfolio 27 Micro was up $20 with the same trades as the E-mini.

Looking for an energetic Friday but maybe the Super Bowl this weekend will create a holiday effect. The S&P 500 surged to tag 5,000 at the close and then retreated. It will be interesting to see what happens if the S&P gaps up above 5,000 at the open. Will there be an additional surge of buying or profit taking?

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