Market Recap
The week started and the world was definitely going to end, especially if you follow any major news outlets or social media. About 4 hours into the Monday session it was pretty obvious it wasn't going to end. At least for now.
After being down over 5.5% in the first 30 minutes of trading on Monday, the Nasdaq 100 closed the week ever so slightly positive. It was ugly doing it, and the options premiums were atrocious with the volatility strip, but it sorted it out. For the same period the S&P 500 was down over 4% at the open and basically closed unchanged on the week. The Russell 2000 was down almost 6% at the open on Monday, but managed to claw its way back to only being down about 1.30% for the week
Our Overall Performance - Big Picture
Keep in mind that Pure Alpha, Hedge Fusion and Futures Focus have only been trading 5 weeks now, and the Gamma Nova Strategies are only 3 weeks old in terms of real-time tracking/trading.
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Our Performance this Week
As we published on Twitter Friday morning, Pure Alpha and Hedge Fusion had a good run with 5 winning weeks in a row, and gave a little back this week, which is fine and all part of trading. Futures Focus was up for the 6th week in a row (6 for 6) and actually had its best week in terms of raw P&L and return on Risk Budget.
The two Gamma Nova Strategies were down, but modest amounts in overall context of the scope of the strategies. If we limit the losing weeks to around this scale when things don't go our way, users will be in great shape. For Gamma Nova Stock, while 11% may seem like a lot to lose on an account in a week when the market is flat to slightly up, keep in mind it did 58% last week alone. Also, this is assuming the results of ALL tickers being traded with anywhere from 3-5 signals per ticker, and there were 31 signals total. Everything was mostly bearish, so the hedge trades did their job and were able to dampen volatility quite a bit to keep the net loss result manageable.
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For more detailed performance check the following: Strategy Performance Page
The Week Ahead
Unless there is some mystery news that comes out, which is always possible, CPI on Wednesday morning is center stage this week. There are a few other minor eco reports too, but we will be positioned around CPI, and as of now, at least for Gamma Nova, things appear to have a bearish skew going into CPI. However, if that proves to be wrong we will still have a chance to profit given how we will likely structure things.
For the weekend is we will push out the Gamma Nova Basic Signals on Substack. To Join and get those for a nominal monthly fee, and FREE at times, please visit: https://acruxcapital.substack.com/. You can signup for the Free Version and periodically we will publish them there for non-paid subscribers.
Also, the Gamma Nova 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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