Tiresome Tuesday Rub Down
Today was just outright annoying – I saw a lot of traders jumping left and right who in the end really didn’t get anywhere. From a bearish perspective this is encouraging but what I liked the most actually was the closing NYSE A/D ratio at 0.932. Quite a contrast from yesterday’s Yom Kippur no volume day 3.77. Maybe there is hope – we’ll know by tomorrow evening.
Zero was being pulled in every direction today – in hindsight it makes sense but I don’t see a lot of tradeable entries except maybe for the pronounced divergence mid day.
Program Trading Update:
geronimo/ES: -3.5 (one losing trade that pretty much ran most of the day)
I have some good news on the geronimo front. Eric and I were silently running a version of geronimo that actually had two winners and one loser at the end of the day. It would have produced +1.5 in profits today. Nothing to write home about but better than a 3.5 loser, right? We’ll be releasing the new version tomorrow morning and we’ll hope it’ll get you guys slightly better entries.
I might be in touch later with a quick update on the wave count.