CGTS Algo Trading System
CGTS FRIDAY: SHORTSELL SIGNAL ON MU, MICRON? DID THE FED CAVE OR NOT?
As I suggested yesterday, the FED caving in my not be a good sign for the markets. It may be signalling the FED's concern that a recession is at hand.
FED hesitation is a hearty brew for bulls. But they need to be seeing clearly. It is very unlikely (impossible?) that the FED will follow the 2001-2014 FED pathway should another recession hit, propping up markets and gifting trillions to the country's super rich on Wall Street and in tax havens. That type of theft from the taxpayer will create a revolt in America, with politicians taking the leftist populist track of blaming the rich and attempting to emulate Venezuela.
Which makes me think it might be time for a HEADLINE RUN (thanks, ZeroHedge). Yes, this is a pessimist's guide to reality; I understand that. But we need to be aware of both sides of the equation.
Schultz, in fact, worked his way up from utter poverty as a boy to a billionaire today. He IS the American Dream. It is astonishing to watch Democratic loyalists and Trump-Haters besieging Starbucks and Schultz with accusations and threats. The splintering has started.
The pivot toward socialism has been caused by the utter greed of the right and the siphoning of trillions of dollars out of the American treasury and the future treasury to the world's richest DRAGONS OF THE HORDE (Wall Street). Jamie Dimon says he's very willing to pay much more in taxes. What is the alternative? Civil war?
CGTS TRADE OF THE DAY.
Hybrid AAAA Trading System, which ignores all short-term trading signals, is giving us a new signal today. SHORT UGAZ. In fact nearly all of our trading systems are giving the same signal. (It makes me think the FED Dollar sacrifice is not yet a done-deal).
As one can see, AKAO is also a BUY in this system.
This system is telling us that the BEAR TRAP trade is ending. Is this system to be trusted? I don't know. We are still testing it in real time.
Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.
Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.