50K Portfolio 1 Micro SI 25 (LIVE) = +$680
200K Portfolio 6 Micro SI 25 (LIVE) = +$4,100
We are at new equity peaks, 3 of the last 4 days. We are more bearish than bullish but we trade our short term strategies to keep us on the right side of the market, manage our risk, and give us a road map.
Today we took mostly long trades with 4 E-mini S&P strategies and 6 E-mini Nasdaq strategies actively trading today.
The perma bulls decided it was time to buy and have driven this market higher since Tuesdays lows. Fundamentally and technically, we should roll over to new lows soon based on my analysis but we follow our strategies either way.
The sell off has been one of the slowest, most controlled, bear moves I have ever seen without any capitulation. The market assumes the gains from the March 2020 lows through the most recent highs in Q4 2021 were legitimate and there are no consequences for massive Fed stimulus. Just normal pullbacks from here and this is a normal bull market pullback.
We continue to manage our strategies and look for better entries and exits as we continue to adjust to a new market mode, taking long and short trades.
Comentários