The market opened higher and whipsawed up and down until 11:30 when it trended higher until the end of the day closing 0.85% higher. We were surprised the market managed to closed higher as the GDP number was below expectations. Perhaps traders are becoming less risk averse….time will tell. Tomorrow and friday we expect the markets will move higher as Mutual Funds and Hedge Funds will try push their performance numbers. Our strategy performed well today but we are changing our stance to neutral.
Today´s Profit USD 130 (Portfolio Size: USD 25,000)
Visit Past Trades to review our history.
- Mutual Funds? You’re Paying Way Too Much to Invest (etfdailynews.com)
- Mutual Fund Urban Myths (news.morningstar.com)