Today´s Market July 16, 2013

NDX1607

 

The market opened slighty higher before retracing lower closing 0.25% negative as the NDX-100 recouped most of its losses during the last 30 minutes of trading. Today´s environment was positive for our strategy as some degree of volatility was present, thus we still favor shorts on spikes. On the economic front, Industrial Production and Consumer Price Index came in higher than expected. If  subsequent CPI reports come higher, the FED will have to rethink its QE stance and start to dismount it or end its accommodative policies in order to contain inflation pressures which in turn  could cause a down market. We saw what happened last time Mr. Bernanke hinted a gradual QE easing…………..

Today´s Profit USD 105   (Portfolio Size: USD 25,000)

Visit Past Trades to review our history.

In August we will start placing our trades real-time on Twitter @NDXTrading

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