It was one of the best Nasdaq counter trend trading signal days I have seen with shorts in the morning and longs in the afternoon. The Nasdaq put in a strong rally in the last 45 minutes of trade. The rally started at around 3:15 pm EST just as the market looked like it would roll over. Its a familiar pattern that we have seen. Our V-Reversal and counter trend strategies are setup to take advantage of these head fakes.
The hypothetical results were +$6.7K on the day or 0.67% in the One Million MNS. This is 1.3K in the 250K Portfolio. We are targeting tomorrow to start trading this portfolio live for Q2 and April 2024 based on the volatility around CPI (Consumer Price Index) released at 7:30 am CST.
The V-Reversal and Nasdaq counter trend day trade strategies as well as Silver and Gold CounterTrend day trade strategies were the highlight on the day which matches the theme we have frequently discussed lately.
-The Nasdaq daytrade signals captured over $10K today.
-The Gold daytrade signals captured $4.3K today going 8 for 8.
-The Silver daytrade signals captured $3K today going 8 for 9.
The Stock Index Portfolio 18 was down -$1,050 and is at a drawdown entry alert for tomorrow's trade as well.
Tomorrow after the CPI report is a target date and drawdown level to enter into the portfolio for live trading for April and for Q2. CPI can generate some extra volatility and potentially generate a rapid drawdown (or runup) in the pre-market on some of our Gold and Silver strategies that have been really hot. Today they went 16 of 17 and right at equity peaks for that group of strategies.
Seeing a balanced drawdown in each sector while also a net drawdown at our drawdown entry alert price allows us to take advantage of natural fluctuations between favorable and unfavorable price action.
We have discussed this algorithmic trading theme: day trade countertrend and swing trade trend and it was a strong theme for today's market and trading system signals.
The afternoon Nasdaq rally was captured by: V-Reversal IV, V, and 24 Combo. Momentum Fader took the long side as well, while RSI Breakout and V-Reversal II short both took the short earlier in the day. The Nasdaq day trade looked strong today based on counter trend and reversal entries.
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