(See Above) Right at the open on Monday the market pushed higher on high volume but it was a lazy breakout that only managed about a 4 point move before rolling back and fizzling. The system did not give an alert on the breakout as it is timed to wait at least 5 minutes after market open to avoid extreme volatility which we many times see right at the open. The market then dropped slowly into an extended pullback that faded all the way back to equilibrium which was running at 2186.00 at the time. We remained stuck in the morning congestion zone for a time but buyers gradually rebuilt a base of support to work off of and about 40 minutes later we had another breakout attempt higher. The system alerted us twice. The first entry didn’t give us much follow through and was aborted with either a small gain or small loss. The 2nd alert at 2189.25 caught a bigger move that gave us 6 points of positive traction all though the trade was extremely slow going and a lot of patience was needed before we ran up to hit our macro target at 2194.00
(See Above) Tuesday the market spent the bulk of the session in shallow up/down waves stuck in a narrow range. The system alerted us to one short that had no follow-through that ended up as either a break-even stop out or a small loss depending on how you played it.
(See Above) Wednesday, one day before Thanksgiving the market gave very little to work with as it traded again in narrow range. The system alerted us to one short that had no follow-through that ended up as either a break-even stop out or a small loss depending on how you played it.
Market Closed – Thanksgiving Day Holiday – Nov. 24
System Offline For Friday Nov. 25th
Weekly Summary – Performance Stats For Week Of November 21st, 2016
(See Above) It was a super light week with the market winding down for the Thanksgiving Day Holidays. The only day that gave us any decent action was Monday with a 6 point follow through on the one Long Alert. The main goal on a holiday week like this is to trade light and protect capital. Commitment is way down and the market gets dull. Dull markets are dangerous markets. We enjoyed a full 4-day break from trading. Great time to recharge the batteries and enjoy life.