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Live Trading System Signals on 03/05/2024

Capstone Trading


The live trading system results for the 250K Portfolio were -$1,000 on the day. We have given back 1/3rd of the Friday's gains on Monday and Tuesdays trade. We are up about 1.5% on the month. All of our short trades today were profitable as we had two nice shorts in the Nasdaq and one nice short on the S&P. The dip buying strategies on the E-mini S&P (5 total) generated the net loss on the day.


We have had two days in a row where the stock indexes put in a challenging reversal at the end of the day. Today, the market put in a big reversal starting at 15:33 after we were flat for the day. The Nasdaq rallied about 140 points in 45 minutes. The day session range was about 300 points. This reversal did not affect our trades since we were already flat. Our V-Reversals don't enter trades that late in the day or they may have captured this move.


The 45 minute reversal took back about a 5 hour trend as the Nasdaq recovered to the prices that were just one hour into the day session.


The market internals were mixed and looked incorrect as the Advance Decline line was positive most of the day even while the Nasdaq, Russell, and S&P futures were all negative. Typically the Russell is positive when the Nasdaq sells off this hard and the ADD line is still positive.


We are overdue for a strong profit taking session and I thought today could generate a trend into the close with weak internals. While the point value was -294 in the Nasdaq (down -1.61%), we didn't get a strong distribution day with the closing prices near the 10:30 am EST lows. The Nasdaq hasn't had a -2.5% down day in more than 14 months which is the third longest streak since the 90's.

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