(See Above) We had a light Monday with the market trapped in congestion below the 76-78 level. The system did manage to alert us to a couple short impulse moves to the upside where we successfully caught our scalp targets. The remainder of the day faded into congestion and aimless drift for the most part.
(See Above) Tuesday we had a full-on distribution day with heavy selling and strong trending action to the downside. After the sellers where able to break the market down below the 71 support level the system kicked in to high gear and gave us a string of high follow-through short alerts. Four out of the five alerts gave us +4.00 or greater follow through on the positive traction so other than the one trade that got short squeezed back against us it was like shooting fish in a barrel today.
(See Above) Wednesday we saw a flat market for the most part. Two hours into the session the buyers attempted to run the market higher but with limited follow-through. The system gave us 2 alerts that hit our scalp targets.
(See Above) Thursday the market remained trapped in congestion for the first hour or so but the system signaled us to a breakout above the 2350.00 level and then the buyers came in strong and ran the market 6 points in our favor. After that the market drifted back down into congestion for the remainder of the session.
(See Above) Friday with the market was trapped waiting on the healthcare vote news. The system alerted us about 2 hours in to a break-out attempt which was short lived with little follow-through. We normally close up shop 2 hours into the session on Fridays to lock in gains and prevent “giving it all back” unless there is a rip-roaring trend in progress.
Weekly Summary – Performance Stats For Week Of March 20th, 2017
(See Above) If you take a look at the weekly summary graphic above you will see Monday started off light but then Tuesday we had a super strong trending day to the downside and then each day tapered down as the market was waiting on the Healthcare vote news. It was a high win rate week as you can see the majority of the trades took off in our favor with very little drawdown. In the end the system managed 5.4 times positive traction vs. negative traction which gives us an excellent edge to work with. (We like to see at least 3.0 times positive traction)