50K Portfolio 1 Micro SI 25 (LIVE) = -$225 200K Portfolio 6 Micro SI 25 (LIVE) = -$1,650
2 out of 5 S&P strategies were profitable today 3 out of 7 Nasdaq strategies were profitable today
Wide ranging divergence in the market intra-day with difficult price action to trade. We were up on the day on the short side. The market violently reversed and so did we, from short to long, getting back about 70% of our losses.
The bulls got together today in the financial media and convinced themselves that everything is going to be okay and that it is time to buy. We will see. We enjoy jumping on strong bull rallies.
We have a Fed Meeting on Wednesday at 2pm EST. I would have anticipated that the market would sell off into the Fed meeting. It may rally into the Fed meeting and then sell off. If there is a strong trend one way or another by the time the Fed statement is released, look for a reversal after they announce the policy decision.
We are short term traders and will alternate between long and short trades in the stock index futures including the S&P and Nasdaq futures.