Bond yields surged today, while the VIX was higher along with Crude Oil higher. The market has been "contrarian" and climbed the wall of worry, dismissing a long list of negative fundamental factors for an extended period of time. Those negative fundamental factors persist.
The economic data showed higher than expected inflation this week.
We continue to see the market "kick and scream" on down days creating massive chop instead of natural pullbacks.
We don't predict market direction but look for opportunities and patterns to setup trades in either direction. Several portfolios made equity peaks this week. Today our mean reversion V-Reversals "kicked in" and took profit on the "reluctant to ever pullback" tape.
The 100 point profit target on this trade looks very small as the bounce off the lows to intra-day highs was nearly 400 points before the market rolled over and was less than 100 points from the lows on the day.
Hypothetical Trading System Signals on 05-15-2026
25 System Portfolio NQ = +$775
7 System Portfolio NQ = +$3,950
3 System Portfolio NQ = +$950
2 System Portfolio NQ = +$1,975
Stock Index Portfolio 18 = -$3,190
Diversified Portfolio 57 (NQ Only) = -$3,190
Silver Portfolio = +$1,850
50K Portfolio (Micros) = -$652 (without Gold and Silver)