It was a positive week for the portfolios as all portfolios are up on the week and up on the month.
Cobra III was the top strategy, hitting its profit target twice this week on just two trades. Cobra III and Gap Continuations took us home for the weekend, with nice trades on Friday both capturing the trend late it the day. Getting long on a gap up has been the way to trade but hard to do if you don't have a strategy for it!
Our favorite Gold and Silver strategies have not traded at all so far this month as the metals market is relatively quiet.
What will the stock market do next week? Feels like it "owes" us some more downside price action as the bulls really got their way last week. All gap ups and gap downs ended up going up for the day (Wed was down -0.75 but closed up from its Open). As we move into spring break and Easter, the markets tend to have an upside bias during holiday trading periods. Unless we get some really bearish or a new sort of uncertainty or a surge in interest rates, think late 90's again with the S&P hitting new all time highs by the end of March. Not that it should go up but the path of least resistance is higher prices and a desire by the bulls to smash volatility. Our current portfolios are setup for this type of scenario though more so than a VIX 35+ market.
The results below are hypothetical results based on the trading system signals. We trade the strategies and portfolios but we don't trade all systems, all of the time, and do use some discretion when determining which strategies to trades. We also do take additional discretionary trades. Some of the trading system trades shown may be taken while other trades may not be taken, based on our discretion. For this reason, the information here should be considered informational and educational and can represent how our trading software operates on different platforms.
For the purpose of this blog post, since we do use discretion in our live trading: All trades presented are NOT LIVE TRADED IN A LIVE ACCOUNT and should be considered hypothetical.