The market was challenging on the first day of April. There seems to be a determined bid in the market since yesterday's opening lows but not without some steep retracements that generate stop running price action. There seems to be a desire to front run or short cover in front of tomorrow's Liberation Day the last couple of days. The Tariff policies should be released at 4 pm EST tomorrow. Consensus on what will happen appears mixed to me. There could be some extreme moves in the after-hours tomorrow and for the remainder of the week after the White House press conference.
In the One Million MNS/250K Program we are waiting for a drawdown entry alert but will look for low risk entry points for potential runaway moves. Today we were around breakeven with some potential "scale in" opportunities. The Sibilance NQ v24, 28 trading system hypothetical results were down about -$8K today which is near our drawdown entry point. We could start live trading intra-day tomorrow or Thursday with some adverse excursion.
The hypothetical results for the Stock Index Portfolio 11 was -$10,495 per E-mini and 1/10th per Micro.
The hypothetical results for the 50K Portfolio was -$4,150.
The hypothetical results for the Two System NQ Portfolio was -$4,310 as the V-Reversal had one of its more challenging days in awhile. This portfolio was near equity peaks. One more winning trade hitting its profit target, would have boosted this portfolio to another equity peak.
The hypothetical results for the Four System NQ Portfolio was -$3,940 with V-Reversal weighing the portfolio down with Zig Zag NQ showing positive gains on the day.
It will be interesting to see how the market responds to Liberation Day and the trading opportunities that follow.
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