'BTBT NDX' generated an Exit Signal for Thursday's Close, 7/9/2009.
The Modeled position (NDX) posted a 0.24% gain, which is very low compared to the average winning trade return of 1.83%. The actual Trading position (NQU09) posted a 0.07% gain (including commissions), slightly worse than the model.
This profitable trade created a marginal new high for the model's Equity Curve (shown above).
NDX peaked around 245pm, and then whipped around to close about 0.75% below that peak.
The market feels a bit heavy here, and has been trading somewhat lethargically lately. I don't believe there are an abundance of sellers, but rather the buyers have taken a step back and are waiting, waiting for some catalyst, some reason to resume the spring time rally. I do believe another rally is coming, and while it may begin from these levels, it could also commence after another 5-15% drop.
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