Trendfinder Trading Systems

Trendfinder’s systems did not have any trades today.

It was a losing week for 4 of the 5 daytrading systems.  Only Bobcat II ended the week profitably.

Trendfinder’s systems had no trades today and wisely so.  Today was a choppy, low-range day with almost no change on the day.

All trades were winners today.  3 systems got in the up move early and had nice gains.

The bullishness continued today with all major market indexes making new highs for the year.

4 systems went long this morning looking for a continued up move that did not materialize.  A choppy day leads to losses with trend trading.

Today was an active and unprofitable day.  The stock markets had another very small range day.  This morning all systems were short looking for a move down, and then reversed long looking for a move up the rest of the day.  Neither direction had any follow through, and therefore all systems had losses today.

All 5 systems had profitable weeks.  Thursday was the big winner.  For results see below.

One thing I track is the average daily range – the difference between the high and low of the day.  The average range looks like it might have bottomed and is starting to increase (which it typically does after the summer and beginning of fall).  This is typically very good news for day-trading systems, and especially good news for trend-following day-trading systems like the ones below.  In my opinion the next 6-7 months will be very profitable.

Trendfinder’s systems had no trades today.

Winners across the board today.  All 5 systems caught the upmove for decent wins.

Today had the smallest range in memory.  Certainly not surprising to have a consolidation day after yesterdays large range and down move.  4 systems went short and exited near break-even.  1 system (Tiger) went long and had a loss today.