The One Million MNS 110 was up 0.3% today in choppy trade. The 250K Portfolio was up $600. We are moving towards the better part of the week after a very choppy market cycle for which we have not seen resolution yet.
The Stock Index Portfolio 18 was +$955 as the Viper NQ had 3 losses today. Yesterday Viper NQ captured the moves on the short side. The market was setup to go down again today but went up instead. We continue to see this type of market pattern with the liquidity pushing the market up and turning short signals into long signals.
The VIX was up again today. Even though the VIX has been up by only a small margin the last two days, the S&P and Nasdaq futures have also been up. We have a two day VIX Divergence.
It is interesting to look at the Nasdaq the last few days. The market looks like it is trying to have a normal pullback but gets pulled higher instead. Here is a 60 minute chart of the E-mini Nasdaq futures.
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