May was a wild month in the SP500 futures market. Although we continue to be in a drawdown, we posted a positive 3.25 points for the month. In addition, the number of trades taken during the first five months of 2010 is below average.
Although this drawdown has been long, it is still similar to any historical drawdown observed historically. It may last a while longer, or things could turn better in the near future. Nonetheless, as systematic traders, we continue to trade our models as signals occur. Trading always involves uncertainty about the future, but if you think about it, so does life.