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Trading System Signals on August 21, 2024

The portfolios were down today. The hypothetical results for the One Million MNS 130 was -$3,383.75 and the hypothetical results for the 250K Portfolio was -$676.75. The hypothetical results for the Stock Index Portfolio 18 E-mini was -$920 and the -$92.50 for the Micros.


We continue to wait for a drawdown entry alert to start live trading. Jackson Hole and more Fed Speak over the next two days.


Wall Street continues to beg for a rate cut day after day. It will be interesting to see what Jay Powell says at Jackson Hole.


The indexes seem to be fixated on breaking bullish pattern based records (before July, there was a record number of days since a 1% down day in the S&P). The $COMPX (Nasdaq Composite) has had higher lows 12 days in a row. The last time we saw this was May 2017. In May 2014, there were 13 higher lows in the $COMPX. I only tested going back 12 years. The $SPX has also posted 12 days in a row of higher lows while the $NDX is at 10 days in a row of higher lows.


The constant bid to quickly return to all-time highs is driven by liquidity.

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CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY, SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.

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