We did not trade live today since we hit equity peaks two days in a row on Thursday and Friday and Monday's can be choppy. Some of the chopper strategies did really well today but the One Million MNS was down -1.3% in hypothetical results. This would have been a -1% loss in the 250K Portfolio or about -$2,600. The Stock Index Portfolio was down -$8,190 in hypotheticals.
We are not trying to time the market. We are trying to manage risk based on the data. We could enter again tomorrow if there is a good entry point.
Tomorrow is the last day of April. On Wednesday, May 1, there is an FOMC meeting. We don't trade our Market Portfolios on FOMC Days but we do have an FOMC Trading System we may trade on Wednesday.
We published the results for trading during the week of FOMC yesterday. We could be setting up for a nice entry back into the portfolio since FOMC weeks have been strong and getting in on drawdown entry alert on Tuesday, Thursday or Friday would be ideal.
The Stock Index Portfolio had a rapid drawdown today, which is ideal when waiting for a drawdown entry alert. Another 2-5K in drawdown would be a good time to start the Stock Index Portfolio 18.
This does not count the results on Wednesday since FOMC Days are set to 0 in our Portfolio Calculator.
The rapid drawdown in the One Million MNS 110 puts us close to a re-entry into this portfolio as well.
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