April was a below average return for the system, both in terms of performance and the amount of signals generated. The system took 6 trades, 5 long and 1 short. The system made a loss of -11 points, less any commissions and trade fees. The 28th April trade was particularly frustrating as it missed the profit target by 1 tick and ended up closing out at the end of day for a hefty -7.75 ES points. It happens, but is a normal part of trading.
The S&P 500 remains in a bullish trend and low volatility environment. The Fed stimulus, QE2, is scheduled to finish on June 30th 2011.
