The market environment continues to be in a strong uptrend mode for the stock indexes. The Nasdaq opened around 200 points from the premarket session highs which gave it room to run back up to the upside. Big point gains today on Crude selling off and many stocks surging on earnings. It is an energetic bullish frenzy that is starting to feel like the dot com era. Markets that get "carried away" can generate some good trades.
Markets that are slow and controlled and sideways during the day are more difficult.
Today's market environment is more favorable. I'm not sure where we are on the "record" for number of days trading above the previous day's low but there have only been 3 in the last month in the Nasdaq 100.
Good gains across the board in many of the trend portfolios after an extended losing streak. The Two System and Three System Portfolio gained on V-Reversal but were stopped on out on the swing lows for Gap Continuation 2020 and Open Range 2026. Those are two of the strategies today that were stopped out while most of the long trend strategies did well.
Hypothetical Trading System Signals on 05-06-2026
25 System Portfolio NQ = +$20,900
7 System Portfolio NQ = +$7,350
3 System Portfolio NQ = -$1,550
2 System Portfolio NQ = -$525
Stock Index Portfolio 18 = +$11,725
Diversified Portfolio 57 (NQ Only) = +$16,050
Silver Portfolio = -$6,800
50K Portfolio (Micros) = +$2,236 (without Gold and Silver)
Introducing the Comex Trend Trader