The Nasdaq was down more than -2.5% today, for the first time since mid-December 2022. Yesterday the Nasdaq 100 posted a new record, 395 days without a -2.5% loss. The S&P 500 hasn't seen a loss of more than -1% since April until today.
The hypothetical results for the One Million MNS 130 was -$5,142.50 on the day while the 250K Portfolio was -$1,030. The hypothetical results for the Stock Index Portfolio 18 was +$2,255.
Crude Oil was a highlight today, providing some positive diversity with gains in Cobra Crude Oil trading system signals.
We are waiting for a hypothetical drawdown to hit our drawdown entry alert before we start live trading for the latest portfolio setup. The One Million MNS 130 is in about a 17K hypothetical drawdown since its last equity peak. We would like to see the drawdown hit between 25-30K to start.
The VIX was up almost 10%, closing in the 14 handle.
Lean Hogs roll to the October contract today. Since releasing the Lean Hogs strategy, it called four nice trades in a row for the month. Lean Hogs Trender is a swing trade strategy.
Earlier today, we posted this video on Technical Analysis of a Stock Market Crash.
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