Trading System Signals on 02/24/2025

The market rallied before the open as the dip buyers worked to re-capture Friday's losses. It was a weak effort but pointed many indicators bullish early and generated mostly buy signals in many strategies. The main event this week is NVDA earnings after the bell on Wednesday. The MAG 7, tech, and AI have led the market higher with NVDA being a high-flyer. Any disappointment in NVDA earnings could generate a pivot point for the market and potentially set a bearish tone for the rest of Q1 2025. The tricky part of measuring the long term trend in the stock indexes is the wide range we are in the last few months. The market would have to make a major move and persist for a longer term trend to even appear somewhat clear on the charts. Fortunately, most day trade signals don't depend on the clarity of the longer term daily chart trend.

The One Million MNS did not trade as we are waiting for a drawdown entry alert on PMMA NQ 30 setup.

The Stock Index Portfolio 10 is also waiting for a drawdown entry alert between 12-15K (per E-mini). Today this portfolio was down about 9.5K based on hypothetical signals per E-mini and 1/10th per Micro. Entering intra-day (or end of day) on a 2.5K per E-mini or 250 per Micro is a good drawdown entry alert signal for this portfolio.

The Top 50 Select Portfolio hypothetical results were down -$9,090.

The 50K Portfolio hypothetical results were down -$10,215.

The Two System Portfolio NQ did not have any signals today.

The Five System Portfolio NQ hypothetical results today were -$4,150 today with Chop II NEWS NQ taking the losses on the long side.

Zig Zag NQ 2023, 1200 PT was +910.

The overnight rally distorted the early price action by creating some long scenarios for many of our strategies.

How low would the market have to go to wipe out the energized dip buying that has been extremely persistent since 2020?