Today seemed like a strange rally. You have to wonder how the market can be so wild on Friday, gap down on Sunday night, surge higher immediately and become so dull so quickly for most of the day session. Was it a Super Bowl rally? There is no cumulative price action or "market memory" lately as the range bound trading fights to keep the indexes in a narrow range. The S&P 500 has only moved +/-3% since November 6. Narrow ranges can be calm or they can be extremely noisy.
The One Million MNS was around breakeven today with a partial synchronization of the strategies. It is difficult to setup a new portfolio in a short window. I hope to have it all tomorrow and work on other portfolio updates as well. Catching the flu over the weekend has a way of slowing you down as well.
The hypothetical results the portfolios we track are below:
Stock Index Portfolio 24 = +$2,100 per E-mini and 1/10th per Micro.
Top 50 Select Portfolio = +$2,537.50
50K Portfolio = +$825.00
Two System NQ Portfolio = -$1,305.00
Five System NQ Portfolio = -$2,030.00
V-Reversal was around breakeven, slightly down, while the Gap Continuations were stopped out.
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