Trendfinder Trading Systems

Trendfinder’s systems had no trades today.

After the gap up and up-move the momentum died and the markets traded in a range the rest of the day.  Only two systems traded and had losses.

Today was brutal for trend following systems.  The stock markets went up and down multiple times causing these systems to get whipsawed.  All systems had losses today.

Mixed bag today.  2 systems were winners and 3 were losers.  Bobcat I, Bobcat II and Tiger had nice short entries but the market reversal stopped them out.  Bobcat I and Tiger then went long with profitable trades and made up for some of the first trade loss.  Cougar and Lion didn’t go short during the morning down move and just went long in the afternoon for small winners.  The Nasdaq closed up again….the bulls just won’t give up!

Trendfinder’s systems had no trades today.

This week had mixed results – 2 systems gained and 3 systems lost – resulting in a small loss overall of $435 (includes $35 roundtrip commission and slippage for each trade).  Below are the weekly results and thoughts about the current market.

What’s up with this bullish market?

With the exception of a couple very small down days, all the stock indicies have been up 10 days in a row!  This is very rare.  Optimism is showing up that the recession is coming to an end.  Personally I am not so enthusiastic.

Looking at a weekly chart over the past 2 years, some of the markets do show a head & shoulders bottom, but they are also all in downtrends.  In fact, only the Nasdaq and Russell 2000 have even reached a 38.2% retracement (Fibonacci ratio).  My guess is that the market makes a high for the year in the next 1-2 months and then challenges the March lows.  But who knows, maybe instead the bull has returned, we make new stock market highs, and the economy is in good shape again…me thinks not.

But, I will leave the market prognostications to the talking heads.

Personally, I put my money in time-tested mechanical daytrading systems.  With daytrading there is no need to make predictions of which direction the overall market is going.  As long as the markets move around during the day the profit potential is there.

Trendfinder’s systems did not have any trades today.

Ended up with 3 winners and 1 loser today.  The big up move happened so early and fast there was not much movement after the first 2 hours.

Choppy day – only 2 systems had any trades.  1 small loss and 1 moderate loss.

Trendfinder’s systems had 3 small losses and 1 small winner.  Had nice profits with the shorts until the market reversed back up mid-day.