We did not trade live today since the portfolios that we are trading are at or near equity peaks and we are waiting for a drawdown to start trading in order maximize our risk adjusted returns using a "buy the dip" technique in our equity curve. This will allow us to minimize our risk to worse case drawdown.
The One Million MNS 123 was up about $3,200 today in hypothetical results with hypothetical gains of $640 in the 250K Portfolio. The net gains were in Silver and Copper. The stock index strategies were slightly down with a mix of long and short trades.
The new Stock Index Portfolio 18 was down -$1,070 today. We discuss the latest backtest in the Multicharts Portfolio Trader. We like the cyclical nature of this portfolio.
Even though the Nasdaq was up 200 points, the market internals are "scrambled" lately with the Nasdaq and S&P going down on +1000 Advance Decline Readings and going up on -1000 Advance Decline readings.
The VIX was crushed again below 13 today and the streak of consecutive days without a 2.01% drop continues for more than a year. There are 250 trading days in a year. 375 trading days is about 1.5 years.
There are three days left in the quarter and the PCE will be released on Friday in the pre-market, on the last day of the quarter.
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