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Trading System Signals on May 3, 2024

We did not trade live today since we are waiting for a drawdown. The strategies still had a big runup to equity peaks today on AAPL and the Jobs Report. The market was happy with the $110 billion AAPL buyback (largest in history) and was excited at the potential for lower and more stimulative interest rates on lower-than-expected job growth. The liquidity in the marketplace and the anticipation of additional stimulus continues to be the biggest fundamental.


Even though we did not trade live, we still track the hypotheticals. The One Million MNS 110 hypotheticals were up +2.5% on the day and +1.7% on the week. The 250K Portfolio hypotheticals were +$5k on the day and +3.4K on the week.


New equity peaks after drawdowns continue to build confidence in portfolios.


While it is always bittersweet to miss big gains, we remain risk averse in our futures trading and wait for a drawdown entry alert. A 2.5% drawdown entry alert would still put us below the previous equity peaks and reduce our risk to worse case drawdowns and help us buffer any technical errors. Mondays and Tuesdays continue to be choppy while the end of the week has been trendier in the stock indexes.

The Stock Index Portfolio 18 was up +$7,825 on the day. The Portfolio Calculator will be updated over the weekend.



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U.S. Government Required Disclaimer - Commodity Futures Trading Commission. Futures and options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. This website is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this website. The past performance of any trading system or methodology is not necessarily indicative of future results.

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CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY, SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.

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