We are tracking the signals and waiting for a drawdown entry alert. The top signal of the day was a short signal on the V-Reversal shorts which captured 100 points in the E-mini Nasdaq futures.
The Stock Index Portfolio 18 was up +$2,375 in hypothetical signals with 3 trades on the E-mini Nasdaq. The V-Reversal NQ short was +$1,975 on the day with the mid day sell off.
The One Million MNS 123 was up +$2,000 while the 250K Portfolio was up +$400 in hypothetical trading system signals. Overall, the portfolio is up about 6.5% in live trading on the month and down in hypothetical signals since we stopped trading at the close on the 18th, waiting for a new drawdown entry alert.
The S&P is on its 7th day of moving less than 0.5% and the VIX is trying to move below 12 again, closing at 12.24 on the day. There seems to be a very liquid effort to push equities up and VIX lower. Markets can change on a dime and often do on a new month and new quarter, which starts next week.
The market continues to wait for the Fed's favorite inflation indicator, PCE, which will be released tomorrow morning in the pre-market. Next week is a holiday week with July 4th on Thursday. It will be interesting to see when volatility will pick up as we move towards an election cycle.
The portfolios are developed to do well in this low VIX environment and the trading system portfolios are showing nice gains on the month.
Most of the gains were in the first 1/2 to 2/3rds of the month. The portfolio gains and market have been sideways since the 18th with divergences in market internals persisting.
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