Disclaimer- The following is presented for entertainment purposes only. Do not attempt to trade using this data, and I recommend that you not trade futures at all.
Another rebound for the hypothetical portfolio. It seems to me that the markets are holding their breath to see what happens when the Fed moves later this week.
Today we had sell signals in the Eurodollar futures, Fed Funds Futures, Unleaded Gas, and 30-year Bond Futures The 30 year bonds where the only one of these that we had a hypothetical long position in. So we’ll take our loss here and move on.
In addition, we had roll signals in the stock indices from the March contracts to the June ones. So we’ll roll Nasdaq 100, S&P 500 and S&P Midcap 400 positions to June. Remember to adjust your stops for the difference in the price you sold the March contract and the purchased the June contract. Also, cancel the previously existing March stop after you’re done to complete the roll.
As has been the case for the last several days, there were no new entry signals.