The One Million MNS hypothetical signals were up about 20K on the day or 2%. The Stock Index Portfolio was up $1,320. The 250K Portfolio was set to trade a 20% of a single E-mini allocation and would have realized about 4k if the trading signals were taken in a live account.
We have not started live trading yet as we wait for the correct entry point to start. All of the drawdown going into today was in the Nasdaq. We prefer a more evenly distributed drawdown rather than a single market creating all the drawdown. In hindsight, this was certainly a good day to be in. The strategy signals were up about 10K, gave all profits back on the day in the One Million MNS as the market rolled over and then ended up 20K on the day as the longs were stopped out and shorts signals accumulated.
The market had a big sell off this afternoon related to some geopolitical concerns based on a White House press conference and Fed speak on holding interest rates higher for longer with sticky inflation. The strategies gave back many long gains but reversed to the short side with some nice gains on the shorts for the day.
We go over the Stock Index Portfolio 18 and the One Million MNS 110. The Momentum Reversal short and EVP-1 short are some of the big trades on the day making up for a handful of long losers.
Silver and Gold had some nice trades today as well with a big percentage of winners trading SR CounterTrend. Coffee and Crude Oil also had some good SR Countrend trades taking the long side.
Commodity price and interest rates seem to be creeping higher slowly with a potential surge ahead.
Tomorrow is Jobs Friday or the Employment Situation. Some fast moves can happen at 7:30 am CST.
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