Trading System Signals on 12/07/2023

The Portfolio 49 was down -$870 today in hypothetical signals. The gain on the week is almost $400.

The Stock Index Portfolio 27 E-mini was down -$2,330 in hypothetical signals.

The Stock Index Portfolio 27 Micro was down -$230.50 in hypothetical signals.

The E-mini and Micro signals were the same.

For the Portfolio 49, the commodity markets went 6 for 7 with Gold going 1 for 1, Silver going 1 for 1, Crude Oil going 3 for 3 and Natural Gas going 0 for 1. The S&P strategies were down -$1000 and the Nasdaq strategies were down -$2,620.

The market fought back today to re-capture yesterday's highs in the Nasdaq. The rally seemed weak with a gap continuation, stop run the lows, followed by another rally, followed by a sell off to V-Reversal to highs once again with ranges dying out in the afternoon ahead of Jobs Friday. The market seems to be dragging itself higher out of seasonal habit without the same supporting fundamentals that we typically see in this type of price action. Ive seen stronger $ADD readings on smaller rallies. 

What is notable is the gains on the S&P for the last two years are around breakeven. The S&P is almost exactly where it was on December 7, 2021.

I anticipate choppy market action tomorrow with Jobs Friday. The VIX closed slightly higher today +.09, above 13, while the indexes were up. The Nasdaq futures were up 1.32% while the S&P futures were up 0.70%.

I have converted almost all E-mini S&P strategies in the current portfolios to 1 minute. I want to do this to normalize data. I will have the E-mini S&P and Nasdaq strategies completed hopefully by the end of the week. Then I will be able to put them in the Portfolio Money Management Algorithms.