After the equity peaks yesterday, the One Million MNS 110 was down about -1% today in hypothetical trading system signals. We are waiting for another -1.5% - 2% drawdown to begin trading live. The Stock Index Portfolio 18 was down -$5,295.
The portfolios have been on a strong winning streak. We stopped trading live on Friday, April 26th, and are working on a good re-entry point after a drawdown entry alert.
The VIX is dropping quickly towards 12, hitting a low of 13.16 today. The bulls would prefer to create a new normal of a 12 handle VIX if they can get away with it.
While Cocoa and Coffee have dropped significantly from recent highs, Cocoa was up 13%+ today and Soybeans broke out to the upside yesterday, hitting levels last seen in January, with the Soybeans Daytrader and Soybeans Swing strategies generating positive trading system signals.
There is one economic report related to payrolls on Thursday at 7:30 am CST. (Yesterday I said there were none). Its a relatively quiet week with NVDA earnings two weeks from tomorrow. Will there be a big down move on NVDA earnings, or only up moves?
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