The One Million MNS 130 was up today in live trade. The gain was +0.5% while the 250K Portfolio was up $1K in live trade. There were not many trading system signals based on the nature of the trade but there were some nice shorts as well as some unprofitable long trades. It's always good to have a net gain when the Nasdaq 100 futures are down more than -3%. The S&P futures were down about -1.8% and the Russell 2000 futures were down about -3.4%. VIX surged to 18.59.
The hypothetical results for the Stock Index Portfolio was +$2,135.
The micros hypotheticals were +$95 per Micro on the Micro Stock Index Portfolio. On the E-mini's the Cobra III E-mini S&P hit its profit target but came within 0.5 (2 ticks) from getting stopped out. The fill on the Micro for the same trade was 1 tick lower that it was on the E-mini and the swing high was 1 tick higher, so the Cobra III Micro ES was stopped out for -62.50. The signals on the Micros can vary at times. The swing highs and lows and fill difference can sometimes be beneficial while other times underperform the E-minis.
Automation errors including an order rejected on an EVP-1 stop loss trade at the end of the day put us behind the hypotheticals on the day.
The big rally yesterday now looks like a head fake. The move today made the most fundamental sense but I had anticipated the liquidity would push the market higher once again today.
It will be interesting to see what Jobs Friday brings tomorrow in the pre-market. I believe the lows from Tuesday are at risk.
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