Market Recap
FOMC and NFP, and some key earnings have come and gone, Nasdaq 100 down another 4 plus percent on the week. That's pretty much all that needs to be said but we will peel it back a bit further. While things seem dark (but not for us as we were more bearish this week), QQQ is only down about 11% from the June and all-time highs.
While this seems like a lot, it really isn't. Is there more to come? We'll discuss that in the Week Ahead at the end of this.
The Overall Performance
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The Performance this Week
Very solid week for both Pure Alpha and Futures Focus, with Hedge Fusion positive, although a bit less in terms of return on Risk Budget, but still very respectable at about 12%. Gamma Nova Index, even with the volatility, was down slightly for the week, but all well within the confines of a 'losing' week. Basically down 1k after making 5.5k last week if risking 1k per trade. Gamma Nova Stocks lit it up again, whether trading all signals or even picking one or two tickers to trade.
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For more detailed performance check the following: Strategy Performance Page
The Week Ahead
Quiet Econ Calendar with ISM Services on Monday and that is pretty much it.
For Earnings we may have trades on SHOP (Wed AM) CAT (Thur AM) and TTD (Thur PM)
Our data is bearish this coming week, but not all in, and there are still some bullish elements to it, which indicates the market could go either way. I know, I know, not any help there, but how we structure most trades and series of trades it really doesn't matter, as a move either way will give us a chance to grab some profits, just a question of how much and how efficiently we do it. But that's my job, to figure that out and ruthlessly execute the process.
For the weekend is we will push out the Gamma Nova Signals on Substack. To Join and get those Free, please visit: https://acruxcapital.substack.com/
Also, the Premium version of those signals can be subscribed to and entails a much more comprehensive approach for those interested. Please review the Strategy Page for details or signup here: https://www.acrux-capital.com/join or here
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