50K Portfolio 1 Micro SI 25 (LIVE) = +$1,650 200K Portfolio 6 Micro SI 25 (LIVE) = +$7,000
Nice smooth down trend for our shorts on the last trading day of the month, ending the month on a strong note at brand new equity peaks.
Our 200K Portfolio was up about 16% on the month after posting gains of 12% last month. This puts us up about 12% on the year in live trading in our 200K accounts. We had a rough start to the year with a spike in volatility in commodities January and February. We have been able to make a comeback and show positive results on the year by cutting back and sticking to our best stock index strategies.
Automation issues in the 200K yesterday and today have us slightly behind the hypotheticals on the month. Last month we were ahead of the hypotheticals.
We will have our final results this weekend or early next week as we compare hypotheticals with live results.
We saw the dip buyers at the open today but we didn't see the dip buyers much after the first hour. The dip buyers appear to be losing momentum. The bigger Nasdaq names such as Amazon (AMZN) started to struggle this week with their latest earnings news.
We saw a suprise decrease in both consumer confidence and GDP this week.
It was the worse month for the Nasdaq since 2008.
The bear market is just now becoming more obvious after being very slow and stealth for most of the year. In an easy money Fed environment, markets can reverse once they hit bear market territory. When we are in a tight Fed environment, it would appear we have a long way to go on the downside.