No Trading Monday 9-5 In Observance of Labor Day.
(See Above) We ended up with a “lazy” V-Reversal Day today. First the market sold down ever so slowly and then begain a creeping-grinding retrace back towards the open. The momentum was extremely light all session. The system did get us long at one point and the buyers tried to run the ball but fizzled. The trade got scratched B/E. Market spent most of the remainder of the session in aimless drift only popping into the very close.
(See Above) Deja Vu… just like yesterday, we ended up with a “lazy” V-Reversal Day today. First the market sold down only to creep right back up to the opening price level. The buyers attempted to drive the market higher early on and they system got us long but the follow-through was week and price fizzled back into a congestion zone around the 81-82 zone. Later the sellers stepped up to the plate to run the market lower in 2 “easy-going” waves both of which the system cleanly got us into for +0.75 and +1.25 point scalp targets. Overall the market had a tough time giving us much traction in the the prices moves today.
(See Above) The buyers tried to drive the price early on and we got a string of long breakout attempts that erupted out of dull market conditions to temporarily pop the market. Although the system was spot on with the entry alerts the moves happened very quickly and the trader had to jump on the entries fast to get a decent fill. We had some “Algo Activity” that was spiking the volume at times which caused the market to be jumpy.
No Trading Friday 9-9 Contract Rollover.
Weekly Summary – Performance Stats For Week Of September 5th, 2016
(See Above) We had a shortened week this way and the system only ran 3 days – Tuesday through Thursday. Monday the market was closed for Labor day and Friday was contract rollover day and the system was down for re-calibration for the new contract. (Typically you don’t miss anything on the contract rollover Friday )- but as dumb-luck would have it the market finally busted a move breaking out of a tight 30-day range with the Dow selling off almost 400 points in the session. This is great news as the sleeping market is beginning to finally wake up after a long slumber. The worst summer doldrums in 22 years may finally be over.