The One Million MNS was up +1.025% today in live trade and the 250K Portfolio was up $2,050. It was a turbulent start to the day and we were down almost -1% at the lows. We had a nice recovery to go up on the day and up over 3.5% on the month so far.
The Stock Index Portfolio 18 was up +$2,687.50.
The market rally today seemed highly unlikely. The market internals have had many weak openings that have become dip buying opportunities for the Nasdaq. Today the Advance Decline line was -1688 at the lows in the first hour and was only as high as -680. The NYSE TICK was also more bearish than bullish. NVDA was slightly weaker today with Bitcoin down.
Additionally, we have both CPI and FOMC tomorrow. The AAPL news seemed to be the catalyst for the S&P 500 and Nasdaq since the broader market was down as the narrow big cap tech rally continues to lead the way. AAPL was up over 7% on the day passing the market cap of NVDA.
We will not trade the portfolio tomorrow with FOMC but may trade the FOMC Trader if the conditions are right.
The V-Reversals did well capturing the moves today. Its a strategy that matches the market. Personally, I prefer to enter trades on momentum rather than to catch a falling knife but we trade what works and what matches the market and the V-Reversal trading systems were the top signals of the day.
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