The Stock Index Portfolio 18 surged higher today with a gain of +$10K. Momentum Reversal NQ and SR CounterTrend ES actively shorting the market today. The One Million MNS was up on the day +0.3% while the 250K Portfolio was up +$625.
The concentration of the Stock Index Portfolio 18 really captured the moves today and outperformed some of our more diverse portfolios.
The 250K Portfolio live managed account is profitable since we started live after a hypothetical drawdown alert and is up 1% this month and this quarter. Today, there were some freeze ups during automation, and I had to move my setup over to a desktop. With the automation erros today, there was a slight underperformance in the 250K Portfolio.
The Nasdaq 100 futures are down on the year. We discussed this possibility for the end of the month but it happened sooner than we expected, starting last night with a geopolitical conflict between Iran and Israel.
The market seems to be at an inflection point where there could be a fast move up or down. Sell in May hasn't been a reliable seasonal pattern in a while but it's possible that cycle is early this year with an acceleration building up. We are ready to trade it on the long or short side.
The stock indexes had a more divergent pattern with a hard sell off overnight on the geopolitical news followed by a reversal to take out the session highs near the day session open and then a resumption of the downtrend into the close.
Cocoa was at all-time highs again today.