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Live Trading System Signals on November 30, 2022 - New Equity Peaks


New equity peaks on the week, month, and year capturing the long trades into today's close. There was a massive rally in the market. The 200K Portfolio was up $7,625 while the 50K Portfolio was up $1,800 on the day. The hypotheticals were +$9,012 and $2,703.60 respectively.


I would have anticipated more profits with such a big move if I had not seen the intra-day price action. The market was very choppy at the open and very wild during the Jay Powell speech. There was extra slippage and orders rejected during the fast price action. The Micro signals were slightly different and they underperformed the E-minis. The Micros and the Eminis are both at equity peaks.


I still didn't hear what the market heard when Jay Powell spoke but we captured the moves with our trading systems and are flat at the end of the day. With the initial chop and fast market environment, we were down about 8k per E-mini on the 200K before we starting to reverse to the long side and capture the move towards today's profits.


The chop today was so extreme that the outsized rally that was captured was in essence "due".


While the financial media tries to decipher what Jay Powell said or meant, my take is that the market just wanted to go long today as long as his statement and speech were not suprisingly hawkish. The market will hear what it wants to hear in its seasonality. The constant re-energizing of bear market rallies is the type of market that our strategies have been capturing.


Tomorrow, we start trading for the month of December. This Friday is Jobs Friday.




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