Live Trading System Signals on May 23, 2024

The portfolios were up on the day in a wild turnaround, led by NVDA earnings driving the market higher. The overnight session felt like the market would go to infinity. I was prepare to see a 500+ up day in the Nasdaq. While NVDA remained strong, the Nasdaq started its reversal at the day session open in a choppy, bouncy sell off. The strategies did well in the overnight session but gave back the long gains on the reversal.

Most of the gains today were in the metals with Gold and Silver longs and shorts leading the way.

The One Million MNS was up about +$225 on the day while the hypothetical signals were -$1,105. The 250K Portfolio was up about +$75 on the day. The Stock Index Portfolio 18 was up +$2,215 on the day if the AT 2022 NQ trade showed up. After removing that trade, the results are down on the day since that trade was +$3,845.

It was the type of day where after re-starting the server and platform, several trades changed. Two Gold trades were added to the signaling and one big short was missing on the Nasdaq. Some servers showed a big Short on AT 2022 while others did not. After re-loading the server the profitable short trade is missing.

Before we re-started the server, the hypothetical results were +$2,700 on the One Million MNS 110 as there were some other technical errors where we underperformed. After re-loading the data, we were ahead of the hypotheticals on the day, based on intra-day data errors.

The VIX made a Key Reversal with a low at 11.52 after opening at 11.53 and then moving up to 13.37 before settling at 12.77.

It was interesting to see the Nasdaq futures trade 130 points above yesterdays high and then reverse and trade 60 points below yesterday's low.

One thing to consider is the relationship between real inflation and interest rates. I'm not an economist so I don't calculate the CPI and PPI. There have been some economists who have said real inflation is closer to 10% (if calculated the way it was in the 80's) and the current interest rates are stimulative. Inflation is sticky and tech stocks continue to zoom higher. The bulls continue to beg for a rate cut.