Oluwatosin Israel Tokode @oluisrel: "///This Week The 50 basis point..."

United Kingdom

///This Week The 50 basis point cut was the major event this week aged it looks like it has buoyed the markets a bit. $SPY (State Street SPDR S&P 500 ETF) made a new all time high, $DIA achieved it earlier while $QQQ (Invesco QQQ) $IWM (Ishares Russell 2000 ETF) are laggards. I think the real opportunity here is when QQQ begins to outperform, IWM might join in considering the might be the start of a new rate cutting cycle. //Trading System (5F) Although 5F is still having a current drawdown of 5.67%, it is a great recovery from the peak of 16.4% during this recent correction. It's current YTD return is 27.3% which is frustrating considering my portfolio's performance. On a positive note, those stats show you what my performance should be if I had traded the system all year or if I didn't have the mishap with leverage this year. Looking forward to the next 1000 trades. /Trading Strategies Breakout strategy is now fully allocated after finally getting an entry in $SOXL. For days, there were setups but the limit price was too far away. This was a reversal entry considering where price is but depending on how you interprete the price action, there's a double bottom(bullish) or a lower high (bearish) being formed.

Not investment advice. The author may have financial interests in the mentioned instruments.

3 Mentioned

SPY

State Street SPDR S&P 500 ETF

QQQ

Invesco QQQ

IWM

Ishares Russell 2000 ETF

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