The live trading for the One Million MNS was -0.61% while the live results for the 250K Portfolio was -$1,250 on the day. The extreme chop the last two days has taken back about 1/3rd of our gains from Tuesday, the first trading day of the month. We look for some resolution as we go into the weekend. It is interesting to see how much liquidity continues to prop up the market.
The hypothetical results for the Stock Index Portfolio 18 was +$4,275 per E-mini while the Micros were +$397.50. This puts the Stock Index Portfolio 18 at equity peaks. We had a drawdown entry alert last week and now a quick move back to equity peaks in this portfolio the last two days of trading. There were only three strategies trading today in this 18 system portfolio. V-Reversal 24 COMB NQ hit its 100-point profit target on a long trade, while Viper NQ went 3 for 3 hitting its profit targets on long trades and SR CounterTrend II v2M 1m AGR NQ captured a short trade near the open, capturing its 30 point profit target. The Micros had one additional trade that was a $30 loss on V-Reversal MNQ taking one additional long trade signal at the end of the day.
The price action today was some of the sloppiest that we have seen in a while. There is a massive tug of war to make sure there isn't another pullback in the market as the dip buyers are bloated with liquidity. Historically, markets typically have a more complete pullback cycle. We continue to see distribution days getting pre-empted with impatient Pavlovic response of excess liquidity.
The V-Reversals continue to capture that essence of "catching the falling knife" trades, which historically was a more ill-advised trade. I was disappointed there were no short reversal trading system signals on the mid-day sell off. Typically, a V-Reversal short or Momentum Reversal will signal a short trade on those moves. The dip buyers continue to run up the market and when then the sellers come in, it creates a wide-ranging stop running environment.
Crude Oil was the biggest loser on the day as Crude rallied against our short on the ISM Services. The last few weeks were supposed to be some of the most bullish seasonals for Crude Oil according to Mark Fisher.
Tomorrow is Jobs Friday with the jobs report being released at 8:30 am EST.
SI 18 is doing great! Fast snap back!