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Live Trading System Signals on December 12, 2022 - Bullish Breakout before CPI


The market was dull early on today before the CPI report tomorrow. It finally broke out around mid-day in anticipation of a favorable CPI to move back towards Fridays highs where the PPI report came in hotter than expected. The bulls showed their hand to go long unless CPI surprises to the upside (hotter than expected inflation).


Our strategies were in sync with the market today and very efficient, recovering last weeks losses and then some. 100% of our trades were profitable today. Six out of six trades were profitable while four out of four of our strategies were profitable. Viper took 3 trades today while 3 addtional strategies took one trade each.


The 200K Portfolio was up $6,100 in live trade while the 50K Portfolio was $1,750. The hypotheticals were +$6,400 and $1,920. My strategies were out of sync for a short period of time and my VPS crashed early in the day, causing the difference between live and hypotheticals today.


The market continues to have very bullish characteristics of narrow ranges and slow price movement. The old saying is "don't short a dull market". The Nasdaq futures lagged the S&P and Russell, creating a wedge pattern, that it eventually broke out from. The only confusing indicator continues to be the VIX. The VIX was up almost 10% today and hit the 25 handle after being in the 18 handle last week.


We could still see a significant move higher or lower or sideways price action. Today was an example of what was mostly a choppy day but the type of chop that was profitable. We didn't need a massive range or strong trend to capture the move.

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