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Live Trading System Signals on May 31, 2024

The wild reversal in the stock indexes was profitable for us today, to end the month on a positive note, maintaining some gains on the quarter, after some challenging price action for most of the week. The trading week was challenging with one of the choppier down trends with extreme reversals all week long.


The live trading results for the One Million MNS was +0.525% on the day while the 250K Portfolio live results were +$1,050.


The hypothetical results for the Stock Index Portfolio 18 was down -$1,095.


The price action this week was some of the harshest price action we have seen with very little follow through on most trades, and many reversals on our net positions. The liquidity continues to be the biggest fundamental. I have never seen a market that is so determined to go parabolic all the time. Most of our strategies worked the long side in the stock indexes. The sharp selloffs have been stopping out long trades just before the market rallies back.


Today, many strategies got long in the last hour for that massive turn around rally. Around mid-day, I kept anticipating that the market could reverse to the highs based on what happened on Tuesday as well as the rest of the week. The S&P did take out the day session highs. The Nasdaq came close to hitting the day session highs that were printed in the first 15 minutes of the day.


The price action in the last half of May was unusual and "off" from our perspective. We are looking forward to a new month as we are optimistic with our research.

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