(See Above) The market opened sharply lower and after a quick move down began a gradual retrace back up into overhead resistance the remainder of the session in an uneven and herky-jerky fashion. The system was able to pick off one small sustained move of a few points within the first 3 hours of the session.
(See Above) Tuesday we started off stuck in a range but once the longs got control we began a gradual accumulation day. The system kept us long the entire session catching a nice 6+ pointer.
(See Above) Wednesday the market stayed stuck in a sideways channel. The system caught one decent move of 3.5+ points.
(See Above) Thursday we saw an initial big move to the upside and the system got us in for a 5+ pointer before drifting back into congestion and chop.
(See Above) Friday the system alerted us to an early morning 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. The market remained stuck in chop.
Weekly Summary – Performance Stats For Week Of March 27th, 2017
(See Above) If you take a look at the weekly summary graphic above you will see that we experienced all the good trending action on Tuesday again. It was a much lighter week with fewer trades and less follow-through compared to the the previous week. In the end the system managed 3.4 times positive traction vs. negative traction which gave us a decent edge to work with. (We like to see at least 3.0 times positive traction)