(See Above) The Market gapped up at the open and rose higher for a bit. The system caught the first nice up wave for 8.5 full points of traction. The market went a bit parabolic and the system gave us a counter trend trade alert which caught a few points of positive traction. The market crept higher into the remainder of the session on low momentum.
(See Above) Tuesday started off with a bias to the downside and the system attempted to get us short several times with varying degrees of follow-through. The selling wasn’t strong enough and we get getting short squeezed out of positions. Then the market got stuck in a congestion zone only to pop out of it to the upside on little warning. The market went parabolic on us and the system attempted to play reversion to the mean with several more short alerts. Finally the system shifted long and got us into one nice quick pop of almost 3 points.
(See Above) Wednesday the day after election day we saw colossal 50+ point bounce after a massive overnight sell-down with the Futures plunging limit-down 5%. The following article explains why the market bounced so hard after a devastating sell-off.
Click Here To Read Full Article – The Largest 2-Day Presidential Price Swing Since 1980
(See Above) Thursday 2 days after the election results the market attempted to go higher again and we caught a quick long right out of the gate for 5 points of positive traction. Then the market turned and the system attempted to keep us short over the remainder of the session. The market went into a sudden forceful 25 point drop in the course of one hour and the system got us short six more times to catch 4 really nice high traction moves in our favor. Another super high momentum day for trading.
(See Above) Friday ended up being a lower momentum session where the system got us into 3 light short trades that each gave a few points of positive traction after the alerts went out.
Weekly Summary – Performance Stats For Week Of November 7th, 2016
(See Above) It was a wild turbulent week in the markets seeing the Largest 2 Day Presidential Price Swing Since 1980. We experienced super fast – high octane price action for the 2 days following the election results on Tuesday and as you can see the system came through with flying colors giving us our highest point scoring week since inception. It was a very low drawdown week in comparison to the awesome follow-through we saw on trade alerts due to the super high levels of momentum running through the market. In the end the system alerts averaged 8.5 times more positive traction vs. negative traction. The great thing about day trading the Emini Futures is that it doesn’t matter which direction the market moves, we can jump on it and capitalize on the price movement – and oh boy did we get some nice price movement.