Trendfinder Trading Systems

This week the trading systems gave back some of the gains from last week.

The last few days market action has quieted down. Participants are probably waiting for results of the FOMC meeting next week.

Several systems had a profitable week.

Overall a poor week ending a very poor month.

It was mostly a sideways week for the stock market.

There were several day trades and one swing trade closed this week.

Results so far this month have been poor. Actually, results were nicely profitable until tariffs were increased. This action changed the market character. We are at an inflection point of volatility (as measured by VIX) – if it increases next week then day trading will be active, and if it decreases then day trading will stop and the systems will only be taking the occasional swing trade.

It was a tough week for long swing trades, and a tough week for daytrades to the short side. The short swing trades (FedSwingWF) were the bright spot.

Coming into this week SimpleSwing2 had 3 long trades and all three had nice open profit. Then, Trump tweeted about increasing tariffs. It was unfortunate timing. With the selloff, MeanSwing3 entered long in both markets it trades and then was barely stopped out during yesterday’s drop after the open. If it hadn’t been stopped out both trades would be in profit now. This week was frustrating, but we just have to put up with situations like this. SimpleSwing2 RTY is still long (currently has a small profit) since it didn’t get stopped out like MeanSwing3, so if today’s rally continues early next week, at least that will start the recovery.

There was one trade this week. MeanSwing3 exited a short trade.

FedSwingWF exited short trades, and SimpleSwing2 exited a long trade.

Trendfinder’s emini futures trading systems did not have any closed trades this week.

Each swing system closed at least one trade today in one of the markets it trades.