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Live Trading System Signals on July 30, 2024

Capstone Trading

After the V-Reversals had a challenging week last week, the V-Reversal COMB 24 captured the short and long trade on the day. Momentum Reversal captured the short of the day in the ES and NQ.



Yesterday, we had a drawdown entry alert for the One Million MNS 130 and went live today. The Nasdaq 100 futures made its 4th leg lower. We had discussed last week how the market had 3 trendy down days since July 10 followed by 3-4 choppy days following each trend day. Last week in our daily post, we had anticipated there would be a potential 4th down trend either today or tomorrow based on this cycle. The timing for the cycle lined up really well with our drawdown entry alert and the short trades in the stock indexes did well.


The One Million MNS 130 was +1.85% on the day in live trade. The 250K Portfolio captured 20% of this with a gain of $3,700. We had waited longer than normal for this drawdown entry alert to capture the last full trading day of the month. Tomorrow is the last day of the month as well as FOMC. We will setup the FOMC Trader and turn off the portfolio for tomorrow's trade but will turn on automation again for Thursday's trade on August 1.


We issued a drawdown entry alert for the Stock Index Portfolio 18 last week. It was in a 19K out of a 24K max historical drawdown coming into the week. It was up about 3K yesterday and up 11.2K today. The results for the Stock Index Portfolio 18 are hypothetical since we traded the One Million MNS 130 live.


We did trade the One Million MNS 130 live (20% of the One Million MNS 130 is the 250K Portfolio).


Microsoft earnings were out after the bell. The Nasdaq 100 futures moved about 300 points in 14 minutes, from 3:50 pm EST to 4:04 pm EST, dipping from 19,016 to 18,725. Since the low at 4:04 pm EST, the dip buyers have stepped in.

The Nasdaq 100 was down -1.38%, while the S&P 500 was down -0.5%. The VIX was up today above 17.

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Michael Puett
Michael Puett
Aug 01, 2024

Great comeback!


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