Crude Oil, SR CounterTrend and Cobra strategies, were the highlight of the day going 8 for 8 on the day. Silver had two nice shorts while Soybeans Swing took a nice short trade into the close.
The Stock Indexes moved higher today and in line with market internals. Was it a reversal rally or bounce in a new downtrend? The VIX was down. Longer term Bond yields remain elevated after the recent rate cuts and seem to be "fighting the Fed" with concerns of government debt and inflation.
The live trading results in the One Million MNS was +0.55% while the 250K Portfolio was up $1,100.00. It was a good day to trade and a strong start to the month. The strategies did well in the choppy market conditions.
The hypothetical results for the Stock Index Portfolio 18 was $5,392.50 per E-mini and +$537.25 per Micro. The 60M Breakout NQ strategy captured some gains early with 4 winners and 1 loser on the day for $4,475 per E-mini and $447.50 per Micro. This strategy was responsible for the bulk of the gains and did a good job capturing those early and quicky moves that had the tendency to evade our day trade signals in 2024.
In 2024, we saw more than 100% of the gains in the Nasdaq 100 in the overnight session. Oftentimes, the moves can start early in the pre-market or just prior to the open and then runup quickly in the first 15-30 minutes while day traders are left with an overbought or choppy market (which is then ideal for V-Reversals). This strategy has been added to give us the opportunity to capture the surges. Today the E-mini Nasdaq moved over 200 points from 9:07 am EST to 9:46 am EST. By 9:34 am EST it was up about 130 points in just 27 minutes.
The hypothetical results for the Top 50 Select Portfolio was +$3,087.50
The hypothetical results for the 50K Portfolio was +$2,012.50
In 2024, 92% of the gains in the S&P 500 were in the overnight session. We previously discussed how more than 100% of the gains for the Nasdaq 100 were in the overnight session. It will be interesting to see if this pattern continues in 2025. We are tactfully watching it as well as any new patterns that develop.
The Santa Claus rally time frame ended today and it was a dud this year. The market already had some big gains on the year. It will be interesting to see if this is just a bear trap that will reverse higher or if the market will continue lower.
Looking forward to Mondays trade!
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