Small gains today in most of the stock index portfolios with the Two System Portfolio leading the way with a long trade on V-Reversal. We saw some extra volatility this afternoon as Crude Oil spiked above 98.
Crude Oil continues to maintain an uptrend in the after-hours while stock indexes work back towards highs with the Nasdaq 100 only about 100 points away. We are in "constant bid mode" in the month of April. The market trades like it is desperate to make and keep all-time highs, all the time. Today was only the second day since April 7 that the Nasdaq 100 futures traded below its previous day's session lows.
The RSI and Stochastic are extremely "overbought", a term you don't hear much in the financial media. You will hear "oversold" very quickly when RSI approaches 30 but rarely hear "overbought" when RSI is above 70. For the record, the market can continue to trade higher when it is overbought and it can trade lower when it is oversold.
Hypothetical Trading System Signals on 04-23-2026
25 System Portfolio NQ =+$570
7 System Portfolio NQ = +$845
3 System Portfolio NQ = +$950
2 System Portfolio NQ = +$1,975
Stock Index Portfolio 18 = -$945
Diversified Portfolio 57 (NQ Only) = -$9,520
Silver Portfolio = $0
50K Portfolio (Micros) = -$367.50 (without Gold and Silver)