Soon after the opening the NDX-1oo shot up, only to experience a sharp drop followed by a constant upward move until closing. Consumer Sentiment came out at a 6 year high, thus giving the market a reason to rally. Next week will be economic data heavy, therefore we will experience lots of volatility. On the energy front, WTI closed 0.75% lower as traders are booking profits.. Even though today´s trading environment is not favorable for our strategy we feared well and still maintain the view that both the NDX-100 and WTI oil are overbought, thus our biased is to short spikes.
Today´s Profit USD 225 (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