The 250K Portfolio was up $500 today while the 50K Portfolio was up $80 today.
There was only one Nasdaq strategy that traded today - Momentum Reversal, which was profitable. The S&P strategies were 3 for 5.
The VIX continues to get crushed and there is a stop run on volatility strategies such as 0DTE options that go long out of the money calls and puts. It was noted in the financial media recently how popular this strategy was with retail traders, so it is not surprising that the market has gone flat lately to "wash that trade out". This is not one of our strategies as we strictly take long and short positions in the stock index futures and exit by the end of the day.
We have also seen the monthly range in the NYSE TICK diverge and become more narrow in 2023 after having its largest monthly ranges in 2022, which were even higher than the monthly TICK ranges during the pandemic.
We continue to research more narrow range strategies but also anticipate some expansion in the range as the VIX has dropped quickly with very little movement in the stock indexes.
