Monday, Jan 16 – Market Closed For Martin Luther King Day
(See Above) Tuesday the price action moved in wishy-washy chop for most of the session. We had to be patient but the system finally caught the one decent sell off later in the session.
(See Above) Wednesday was a monster chop day early on. We had a trade failure on the first alert but managed to catch one clean down move off of the 64 level for 3 points of traction, otherwise it was a trading day almost impossible to work with.
(See Above) Thursday we had more shorting action off the 64 level caught one decent 3 point sell down before the market started a lazy retrace back into overhead resistance and congestion.
Friday, Jan 20 – No Trade Alerts
Low momentum low range chop day – no trade alerts.
Weekly Summary – Performance Stats For Week Of January 16th, 2017
(See Above) You can see with the market closed on Monday for Martin Luther King day, and no trades on Friday, and limited price action the other days we ended up with an extrememly low traction week. There are some weeks that are just not conducive to capturing high points. In the end the system managed 3.5 times positive traction vs. negative traction. (We like to see at least 3.0 times positive traction)