NASDAQ-100 Weekly Pullback Strategy with a Monday Entry

Summary

The document describes a weekly long strategy based on an asserted pattern of weak Mondays and strong Fridays in the Nasdaq 100. It waits for Monday’s cash-market open, places a limit entry one percent below that open, and initially targets a return to the opening level. If the trade falls another half percent below the entry, the target is moved to breakeven. A five percent protective stop is included, and any remaining position is closed by Friday evening.

The source says the original daily-chart approach was adapted to five-minute bars with a specified buying window, and mentions that it also runs profitably on the S&P 500. It gives no test period, sample size, transaction costs, or performance statistics, so the claimed weekday pattern and profitability cannot be assessed from this description. The author identifies entry timing and thresholds as possible optimization areas, and suggests filters or trailing-stop money management; these changes would need independent testing.

Key ideas

• The strategy buys the Nasdaq 100 after a one percent decline from Monday’s cash open.
• Its initial exit target is a recovery to that open, with a breakeven target after a further half percent decline.
• A five percent loss stop and a Friday evening time exit bound the trade.
• The description reports no quantified backtest evidence or trading-cost analysis.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.