Live Trading System Signals on 10/29/2024

The One Million MNS 128 was up 0.98% on the day while the 250K was up $1950 in live trade. The monthly results for the 250K Portfolio are approximately -0.22% as we enter the last two days of trading.

The Stock Index Portfolio 18 hypothetical results were +$4,255 per E-mini and +$421 per Micro. The big winner was the Momentum Reversal NQ capturing over 150 points.

The stock indexes put in a trend after early morning turbulence. There were some positive economic numbers with a surge in consumer confidence. It was a nice break from the all day chop we have had and some of what we continue to anticipate.

After the bell tech earnings created some volatility. The Nasdaq Composite hit another all time high but the Nasdaq 100 has not hit its all-time high yet from 7/10/2024 at 20,690.97 or about 140 points higher from the $NDX close. Last year around this time is when the end of the year trend kicked in. We were anticipating a trend at the end of last year after the Fed meeting but most of the initial move was during the Fed meeting and overnight. We still don't plan on trading next weeks Fed meeting but we do have overnight trend strategies and intraday chop strategies to capture the moves into the end of the year if we get one of those "stealth" bull markets that trends at night and chops during the day.

We are looking forward to the last two trading days of the month with Halloween on Thursday, Jobs Friday on Friday, followed by election and FOMC week next Tuesday and Thursday.

Now that we have had an incredible amount of sloppy price action, we could get some tone and trend as we move towards next weeks election. Toneless choppy cycles seem to have a longer cycle lately but the market still has to trend to move to a different level either up or down.