Week In Review October 20, 218

The market traded in a range from 24990 to 25845.

We suggested that due to increase in volatility that clients reduce total contracts traded from normal to 60%.

That strategy worked.

Our daily trend (measured by the daily 20 period moving average vs 5 period moving average — remains down.

We officially called 21 short trades and 8 long trades. Our stops were raised to an average of 26 ticks on the Dow to increased volatility.

We succeeded on 17 of 21 short trades and 4 out of 8 long trades.

Next week we again focus on China.

China’s officials just reported that gross domestic product grew at a slower pace than anticipated for the third quarter. Data released  showed its economy expanding 6.5% year-over-year between July and September, compared with 6.6% expected and 6.7% in the prior period.

Let’s make money together.

Help give some back to our neighbors in Panama City, FL

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