50K Portfolio 1 Micro SI 25 (LIVE) = +$900
200K Portfolio 6 Micro SI 25 (LIVE) = +$5,500
Taking long trades to new portfolio equity peaks in the Stock Index Portfolio 25 today.
The bulls are running prices up and we are jumping in intra-day on the stock index futures to ride their backs. We came in flat on the day and we close the day flat with nice gains on mostly long trades.
We see Gamestop has more than doubled since its earning lows and Tesla is up 50% in the last 10 days.
There is more liquidity than the market knows what to do with. Money is rushing in for fear of missing out. These V Reversals have become conditioned responses except this time the fundamentals don't support it. Most of the V Reversals we have seen have been based on increasing easy money. We are at the beginning of a tighter money cycle. The only real tighter money policy action so far is a 0.25% rate hike.
Tick Revesal NQ and Momentum Reversal NQ were the highlights on the day.