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Weekly Portfolio Trading System Results 10/15/2017 - 10/20/2017

Posted by David Bean on

We include the weekly portfolio trading system results for the week ending on October 20, 2017. All portfolios are down on the week and down on the month. The narrow ranges continue as we look for a catalyst to break out of this cycle we have since since mid September.

The S&P 500 cash index (and futures) had what one journalist called a "perfect week". All 5 days closed up on the week. This has only occurred only 17 times in 90 years in the S&P 500. The bullish sentiment among the financial media in my opinion is at a multi year high as there is a sense of extreme arrogance by the long term bulls. On Wednesday, by my measure, we hit a new 20 year low in average range as a percentage of close. We go over the State of Volatility in the video below and remain steady in our portfolio positioning. You can also download the indicators below the video.

Download Range Over Close Indicators

We continue to remain at a good entry point for starting or adding contracts in the portfolios based on a "buying the dip" mentality.

We will post a list of the top three strategies to buy pullbacks in this market early this week, and probably Monday as overbought markets can remain overbought for a long time. Think late 90's.

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. Some of the trades shown may be taken while other may not be taken. 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: All trades presented are NOT LIVE TRADED IN A LIVE ACCOUNT and should be considered hypothetical.

 


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