The One Million MNS, trading the 70-strategy portfolio, was down -0.1% today while the 250K Portfolio was down -$200 on the day in live trading.
The hypothetical results for the Stock Index Portfolio 18 was +$1,335 per E-mini and +$125 per Micro. The Stock Index Portfolio 18, entering today's session, was in a $17.8K drawdown per E-mini and still at a good drawdown entry point.
The market rallied last night and made a strong move higher. I thought this was the move that we would get yesterday afternoon. Oftentimes we see these moves that are pre-empted during the day, complete and overshoot at night, especially to the upside. The move up overnight was a bit much and the gap fill started quickly but was never completely filled to yesterday's close. Today felt like the market should have moved lower intra-day. It is possible the completion of that move will occur overnight instead.
V-Reversal was short today and did not hit its profit target or stop loss but ended the day with a profit and closed its short trade at the end of the day, after a lot of back-and-forth price action. Initially the trade moved fast in our direction, but the market has contracted intra-day this week and is not completing the type of intra-day moves that we typically see.
The pre-election trade is interesting with fast moves to start the day followed by a contraction into the close while still observing an elevated VIX. It has been an unusual market this month.
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