(See Above) Monday the market remained trapped in an anemic 8 point range the entire session. The little price movement that we saw can best described as “shallow ripples” versus any kind of substantial swings. The 2 trade alerts that we got fizzled with either break-even stop outs or small losses depending on where you took your entry. It was an extremely low momentum – low traction day with not much to work with.
(See Above) On Tuesday the selling action started right out of the gate although price action was choppy and volatile. It took a while for the system to find us a clean entry but about an hour in we caught our first short. The selling pressure picked up and the system alerted us two more times for some nice point follow-through on a forceful watershed style sell-off.
(See Above) Wednesday was full of erratic swings. The market attempted to climb higher at the open but eventually succumbed to more selling pressure and the system changed sides and got us short for a couple of nice fast moves with decent follow-through.
(See Above) Thursday was the most volatile day of the week. After the open the market feigned a move to the downside and we got a system alert to get short at 2092.50 only to get sucked into a nasty short squeeze that went against us almost immediately for a full stop out. A short time later after the dust settled the system got us into a second short trade that took off nicely and delivered a full 8 points of positive traction in our favor catching the one nice forceful price move of the day. Later the market went into a 4 point chop range on low volume with little to work with.
No Trade Alerts Friday
Weekly Summary – Performance Stats For Week Of October 31st, 2016
(See Above) As we get closer to the presidential election the market is starting to heat up and give us more momentum and traction to work with. Although Monday and Friday didn’t give us much to work with you can see that Tuesday, Wednesday and Thursday threw plenty of action our way. The system alerts averaged 3.0 times more positive traction vs. negative traction for the week.