Trendfinder Trading Systems

Every intraday system had at least one trade this week. The Vol systems really shined.

It was another wild day. Two systems had short trades today.

Four intraday systems each had a short trade today.

FYI, I will no longer be tweeting when trading systems have entered a trade. I will continue to tweet results of trades once exited.

Every intraday system had long trades today.

Spring ES had a short trade today and was BARELY stopped out. Unlucky on this extremely volatile day.

Spring ES had a long trade today, which was stopped out before the end of day rally.

February is going to develop a reputation as a volatile month if it keeps this up. With the spread of the coronavirus COVID-19, fears exploded worldwide causing a spike up in volatility and a massive drop in stocks. For Trendfinder’s trading systems, it was a very active trading month (primarily the first and last weeks) with the day trading systems having a profit overall and the swing systems having a loss overall.

The Fed and Trump did their best to support the market. Even if the Fed reduces rates over the weekend, how would that reduce the effects of the coronavirus on the economy? I don’t think it would, but maybe it would impact sentiment enough to make a difference for stock prices. This is a very interesting market and I am watching everything closely to learn as much as I can.

It was an historic week. The market drop this week was arguably the fastest ever. Fears of the impact of the corona virus COVID-19 caused unrelenting selling all week (until the huge rally the last 15 minutes of Friday). Overall the day trading systems had a profit thanks to Spring ES. The swing systems were stopped out of long trades.

Unless there are more outbreaks of the virus next week, I would expect the markets to quiet down now. If there are any positive headlines, we could see a very sharp rally. And there is always potential for the selloff to continue if the virus gets closer to becoming a pandemic.

Two systems had short trades today. One of the trades had the shortest duration of any trade I’ve ever made. Spring ES entered a short at the exact same moment that Fed chair Jerome Powell released a statement saying the Fed will do whatever it can so support the economy (he says “economy” but that really means is “the stock market” – the economy is fine). Spring ES was stopped out within seconds as the algos responded to the statement. This reaction also caused a stopout for the Cheetah Vol short trade.

This was one of the wildest days I’ve seen. It was historic. The short covering rally at the close moved the ES over 100 points up in about 20 minutes. Good reminder that anything can happen in the market.

There were four short trades today. The first three exited during intraday rallies, but fortunately Spring ES timed its entry well and stayed short to the close.