Trading System Signals on 04/10/2025

The Great Financial Crisis saw the Nasdaq drop 1200 points in about a year. Now that is just a day's work.

Today the Nasdaq 100 futures gave back about half of yesterday's gains at the lows of the session and hit the first limit move level of -7% before a small bounce, then made a new low, followed by a weak, choppy afternoon session.

The CVIX had a historical high yesterday and another extremely high reading today at 2.11. This indicator measures the churning type of volatility that we see intra-day that isn't always captured in the VIX alone. There is extreme intra-day churn. The market will make a 200-300 point move in a few minutes and at the end of the day, the move doesn't look that big on the chart since the daily range was over 1000 today and over 2000 yesterday.

The Average Daily Range is 817 points in the NDX.X. During the Pandemic it hit levels around 450 and during the dotcom bubble it hit levels that were around 350.

The hypothetical results were down across the board today but we did not trade live today based on the CVIX notification that we sent out in the pre-market. Many strategies have 2-3K stop losses in the Nasdaq. Those stops can be easily hit in a small 100-150 point adverse moves in this type of volatility.

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| Portfolio | Combined Daily P/L |

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| Sibilance NQ v24 (5 Micros) | -$4,520.00

| Stock Index Portfolio 11 | -$10,705.00

| 50K Portfolio | -$7,145.00

| EMINI NQ 2 System Portfolio | -$1,445.00

| EMINI NQ 3 System Portfolio Ii | -$1,445.00

| EMINI NQ 4 System Portfolio | -$4,270.00

| EMINI NQ 5 System Portfolio | -$3,195.00

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