The SR CounterTrend Gold and Silver strategies are active today calling 17 of 19 trades with 89% winners. These strategies are correlated. One way to understand using correlated and similar strategies on the same market or market sector is to think of it in terms of position sizing relative to signal strength.
We are waiting for a drawdown entry alert to go live. We have not traded live this month. We were nearly at a drawdown entry alert yesterday but most of the drawdown was in the Nasdaq. The Nasdaq has been and still is a wildcard lately. The combination of other markets are hitting equity peaks today. I don't want to be in a scenario where the Nasdaq strategies go into a worse case drawdown while the other strategies go into a normal drawdown. The other strategies are due for a quick cyclical 20K drawdown.
We discuss how this would be a good portfolio without the Nasdaq strategies.
The Nasdaq overnight strategies are doing well capturing the move on this gap up today. The trend day trade environment in the stock indexes and especially the Nasdaq has been challenging but the overnight session has some nice opportunities to be a part of the moves that generate gap ups or gap downs.
The Nasdaq almost had a 3% pullback from intra-day highs on March 21 to intra-day low on April 2. It was saved by the bullish liquidity driving the stock indexes higher. We continue to anticipate higher prices as we discussed last year based on the biggest fundamental - liquidity plowing into assets regardless of any other fundamentals. We continue to see dip buying. The more bearish the headlines, the better the dip buying opportunity as shallow dip buying continues. We haven't seen a "normal" pullback since October.
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