Trading System Signals on May 31, 2022 - Absurd Chop and Drawdown


50K Portfolio 1 Micro SI 25 (LIVE) = -$2,175 200K Portfolio 6 Micro SI 25 (LIVE) = -$13,000


1 out of 5 S&P strategies were profitable 1 out of 9 Nasdaq strategies were profitable


2 out of 14 of our strategies were profitable today


Last Thursday was our biggest day in the history of this program. Friday was one of the most profitable trading days. We hit equity peaks. Today we gave back Friday's gains in some of the most absurd and extreme price action.


Today was the largest losing day. Best winning days and worse losing days tend to increase as index levels go up and as daily ranges go up. Trends follow chop and chop follows trend.


Coming into today, we were at our biggest winning month.


This is a drawdown alert based on depth of drawdown. Typically there is more than one day going into a drawdown so adding contracts or starting the portfolio could be done here or in the next couple of days.


I still think there is too much money in the wrong hands. There has been a lot of "smart money" for a long time that looks smart when the Fed is pumping the market. Today, there seemed to be an energy in the market with Jay Powell meeting with President Biden as if there would be some euphoric announcement that would deliver the bulls back back to a bullish market.


We are flat at the end of the day.

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