50K Portfolio 1 Micro SI 25 (LIVE) = -$25
200K Portfolio 6 Micro SI 25 (LIVE) = -$125
While the final results were close to breakeven today, all the short trades were profitable and all the long trades lost on the day.
The open was tricky as the ADD and TICK surged while the ES and NQ sold off. It was a confusing market divergence to observe.
The market looked like a sideways choppy prop up day until the final hour when the market rolled over and our shorts took us from down 3k on the day to right around breakeven.
The hyperventilating dip buyers are back.
In the after hours, GME Gamestop is up 15% on news of a stock split. It sounds more like an April fools joke one day early. This stock has almost tripled from an earnings sell off low of $75 less than a few weeks ago. GME characterizes the bubble nature of this market environment we are in.
Crude Oil is all over the place with efforts by governments to reduce the price of oil. The US will release 1 million barrels per day from its strategic petroleum reserve. The US uses about 20 million barrels per day. We are not trading Crude Oil right now but may ease back in on the micro contracts.
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