PPI was "cooler" than expected. CPI is tomorrow. Gap Up and Fill type of day with a small reversal at the end of the day. The market "looks tired" and could be due for a normal seasonal pullback.
Hypothetical Portfolio Signal Results:
Two System Portfolio NQ = +$1,375
Stock Index Portfolio 18 = +$1,270
Stock Index Portfolio 37 = +$1,462.50
Diversified Portfolio 57 = -$1,002.50
The Nasdaq 100 futures traded in a 215 point range today and has slowly increased its range each day this week.
We are working on quantifying the Flicker Rate of the Order book with an indicator that will be released soon for our next Proteus strategy to determine if the speed of the order book can give us advantage in our Proteus Trading System.
V-Reversal was a highlight today along with Tick Reversal and VSD Divergence, all doing well on the short side. Reversal and counter trend moves have been the mode of the market intra-day.
We discussed the live V-Reversal trade as well as Proteus and Stock Index 18 trades here.