{"id":202,"date":"2009-07-24T15:15:49","date_gmt":"2009-07-24T22:15:49","guid":{"rendered":"http:\/\/trendfindertrading.com\/blog\/?p=202"},"modified":"2009-07-31T13:47:58","modified_gmt":"2009-07-31T20:47:58","slug":"weekly-results-thoughts-of-bullishness","status":"publish","type":"post","link":"http:\/\/trendfindertrading.com\/blog\/weekly-results-thoughts-of-bullishness\/","title":{"rendered":"Weekly Results & thoughts of bullishness"},"content":{"rendered":"

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).\u00a0 Below are the weekly results and thoughts about the current market.<\/p>\n\n<\/col>\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Weekly Hypothetical\u00a0Results – 1 contract Russell 2000 emini futures<\/strong><\/td>\n<\/tr>\n
($35 roundtrip commission and slippage included, see Disclaimers)<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
System<\/span><\/td>\n# Trades<\/span><\/td>\nNet Profit<\/span><\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Bobcat I<\/td>\n3<\/td>\n <\/span>$ <\/span>135<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Bobcat II<\/td>\n1<\/td>\n <\/span>$ <\/span>(75)<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Cougar<\/td>\n2<\/td>\n <\/span>$ <\/span>(370)<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Lion<\/td>\n4<\/td>\n <\/span>$ <\/span>180<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Tiger<\/td>\n5<\/td>\n <\/span>$ <\/span>(305)<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
For more information about these systems, go to www.trendfindertrading.com<\/span><\/a><\/td>\n<\/td>\n<\/tr>\n
<\/a><\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

What’s up with this bullish market?<\/strong><\/p>\n

With the exception of a couple very small down days, all the stock indicies have been up 10 days in a row!\u00a0 This is very rare.\u00a0 Optimism is showing up that the recession is coming to an end.\u00a0 Personally I am not so enthusiastic.<\/p>\n

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.\u00a0 In fact, only the Nasdaq and Russell 2000 have even reached a 38.2% retracement (Fibonacci ratio).\u00a0 My guess is that the market makes a high for the year in the next 1-2 months and then challenges the March lows.\u00a0 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.<\/p>\n

But, I will leave the market prognostications to the talking heads.<\/p>\n

Personally, I put my money in time-tested mechanical daytrading systems.\u00a0 With daytrading there is no need to make predictions of which direction the overall market is going.\u00a0 As long as the markets move around during the day the profit potential is there.<\/p>\n","protected":false},"excerpt":{"rendered":"

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).\u00a0 Below are the weekly results and thoughts about the current market. Weekly Hypothetical\u00a0Results – 1 contract Russell 2000 emini futures ($35 roundtrip commission and […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"sfsi_plus_gutenberg_text_before_share":"","sfsi_plus_gutenberg_show_text_before_share":"","sfsi_plus_gutenberg_icon_type":"","sfsi_plus_gutenberg_icon_alignemt":"","sfsi_plus_gutenburg_max_per_row":""},"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/trendfindertrading.com\/blog\/wp-json\/wp\/v2\/posts\/202"}],"collection":[{"href":"http:\/\/trendfindertrading.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/trendfindertrading.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/trendfindertrading.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/trendfindertrading.com\/blog\/wp-json\/wp\/v2\/comments?post=202"}],"version-history":[{"count":13,"href":"http:\/\/trendfindertrading.com\/blog\/wp-json\/wp\/v2\/posts\/202\/revisions"}],"predecessor-version":[{"id":213,"href":"http:\/\/trendfindertrading.com\/blog\/wp-json\/wp\/v2\/posts\/202\/revisions\/213"}],"wp:attachment":[{"href":"http:\/\/trendfindertrading.com\/blog\/wp-json\/wp\/v2\/media?parent=202"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/trendfindertrading.com\/blog\/wp-json\/wp\/v2\/categories?post=202"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/trendfindertrading.com\/blog\/wp-json\/wp\/v2\/tags?post=202"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}