The relatively simple CCI system rules (for new visitors - a "just for fun" system that is 100% unrelated to my system that I track here everyday) produced yet another winner on Friday. It went short on April 25th (which I nonchalantly mentioned in the post that day) and finally covered the short on the close yesterday. It remains in "short-only" mode.
The last short signal it produced was back on 11/30/11, which resulted in a big winner (+11.48% TNA) when it covered 12/14. (It produced several winning long trades more recently) This latest short winner was +7.26%. The winning rate (winners:losers) of the CCI system remains above 90%. (!!!) It is proving to be a solid system. Here is my question to you... would you like me to officially track the CCI system on this page? That would entail dedicating some space in the boxes on the left side of the page, keeping separate stats, posting charts on occasion, and incorporating the signals into my daily system pre-close posts and tweets. Sounds like a lot of work, but it probably won't be that bad since CCI trades are less frequent (which means extra patience is required to follow! Hey, I know how impatient we humans can be. lol). Or, will you find having 2 systems here too confusing and/or cluttered? Please feel free to speak your mind below in the comments.
Getting back to reality, we're in yet another draw down period with my system. While our short signal did ok earning us over 4% in 5 days, I can only dream of the sweetness that could've resulted from holding my shorts just 1 more day. I will be the first to tell you my system is not perfect, but it still irritates me that it didn't produce a hold signal on Thursday. Lest this not happen again or I will ditch my system completely in favor of the simpler and easier to follow CCI signals. Haha... I jest, sort of.
We remain in healthy mode, although SPX is only ~10 points away from flipping this market back to unhealthy and stopping out half the long position. Can't argue with capital preservation.
BTW, stats have been updated (not including this draw down, which hopefully will be erased next week.) Enjoy the rest of the weekend. I should be around to answer any questions. Peace!