The Stock Index Portfolio 18 was up +$4,375 today in hypothetical signals while the One Million MNS was up $10,300 and the 250K Portfolio was up $2,050. The portfolios have been on one of the most consistent runs in a while with a larger percentage of strategies taking the mean reversion and counter trend trade. The S&P strategies were the highlight today with 5 of the 6 trend strategies capturing the move higher.
We discuss why we wait for a drawdown in the video before we go live. Waiting for a drawdown has served us well. There will be times that you miss a runup when you wait for a drawdown. In Augst of last year, we were trading a portfolio that rolled over on us and is still down. We avoided a large loss by waiting for a drawdown and then pausing when it did not go our way. We then re-built the portfolio to move forward and have transitioned to more and more markets and more counter trend mean reversion strategies during this low VIX market.
The VIX made a low this morning around 11:15 am and then made higher lows on the hourly chart to close at 12.85 and up on the day and the highest close of the week. While this is a divergence since the stock indexes moved higher as well with the S&P and Nasdaq also closing at their highs on the week.
The total CVIX count the last 4 trading days has been 4. I will be going back to see how rare that is. On Friday and Monday the CVIX count was 0 while the CVIX was 2, the last two days. Two is typically a very low number. There is very little volatility or adverse excursion in the stock indexes and a massive sellers strike.
The bulls did a good job creating some FOMO during the holiday week as the stock indexes are "spilling" higher this week.
Fed speak by Jay Powell has gone from traditionally choppy to now very trendy moves.
We go over a Bitcoin futures trading system towards the end of the video.
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