It was a choppy day with the VIX closing higher and above 18 once again. The stock indexes dip buyers were energized at the lows and after yesterday's steep sell off with some dip buying generating a V-Reversal. The V-Reversal trades were down on the day with the wide ranges. The market rolled over into the close and the S&P 500 futures were down about -0.5% while the Nasdaq 100 futures were down about -1.1%. The Russell 2000 futures were up on the day.
The Nasdaq futures had a 500+ point range today.
The hypothetical results for the day were: One Million MNS 130 = -$9,282.50
250K Portfolio = -$1,862.50
Stock Index Portfolio 18 = -$2,320
The portfolios are setup to trade counter trend and reversals but were out of sync today.
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