The trading system is now long RYDHX at yesterday's close of 55.94. The after 3pm sell stop for today is DJIA 19808. The current stop in control is a Chandelier which will rise any day the DJIA rises and will stay flat any day the DJIA falls.
Yesterday was a clear market demonstration of how cracked my crystal ball is and why my new year's resolution to give up drinking is doomed to fail. I expected tax related selling to drive prices down with hope of a recovery near the close. At least I was right about the recovery near the close part, but the tax selling was apparently overwhelmed by the buy the dippers.
My little test of the trading system in real time here got off to a nice start with a buy on the first day of the year. The day one rally puts buy and hold in the lead ahead of the system right out of the gate with a 0.59% gain on day one of 2017. With a cluster of risk cycle turns in the next few days, this may be a pretty brief party.
Regards,
Douglas
