The market looked like it would take a breather after an initial gap up, but the end of day bid came right back creating a deep V reversal with longs and shorts losing today.
The Portfolio 51 was down -$5,672.50 - hypothetical results today. This is about halfway to a drawdown entry point. I anticipate more chop for a few days followed by a continued strong bid into the end of the year as the Nasdaq reaches for all time highs - about 1000 points away. The market may pause until after Christmas and then make a move during the last week of the year.
The Stock Index Portfolio 27 E-mini was down -$6,260 while the Stock Index Portfolio 27 Micro was down -$671.75. It underperformed the E-mini's on both the Tick Count Trend II v2 2024 with a gain of $25 instead of a matching 1/10 gain of $45 in the E-mini ES ($450) and the Momentum Reversal 1m with a gain of $96.50 instead of a matching 1/10 gain of $118 in the E-mini NQ ($1180).
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