Subject: Re: The Perspective for 2023
The NASDAQ 100 (/NQ) and S&P 400 (/EMD) are more attractive indexes as the points per tick are substantially greater than the S&P 500 (/ES) and DJIA (/YM). Each 1 point move in /NQ has a value of $20. Each 1 point move in /EMD has a value of $100. Each 1 point move in /ES has a value of $12.50 and each 1 point move in /YM has a value of $5. The latter two indexes are less volatile, but the rewards still far outweigh the risks despite the volatility on the former 2 instruments.
Here are the signals for /NQ (futures version of NASDAQ 100) over the past 12 months:
OS 01/05/22
CS 01/31/22
OS 02/07/22
CS 02/22/22
OS 02/28/22
CS 03/14/22
OL 03/16/22
CL 04/04/22
OS 04/11/22
CS 05/25/22
OS 06/09/22
CS 06/21/22
OL 07/18/22
CL 08/15/22
OS 08/22/22
CS 09/06/22
OS 09/13/22
CS 10/17/22
OL 11/10/22
CL 12/05/22
OS 12/15/22 --