CGTS Algo Trading System
CGTS FRIDAY: BEARS BEWARE! MINI-CORRECTION OVER! SHORT THIS MARKET AT SIGNIFICANT RISK!
NOTICE: BUY BRZU, BRAZIL STOCKS BULLISH, BRZU SEPT 32 calls @ 3.4.
This round of selling is over. Yes, there will be other rounds. We know. Bulls will win the round that has just started however.
A lot of pundits are writing off the markets again.
Of course, if Dennis Gartman says it is the beginning of a bear market -- IT IS NOT. Some of our local (SA) writers:
We don't want to pick on those who see the world differently than we do. We are all working with different indicators and different systems. The more subjective the systems, the more room for error. But be careful to whom you listen. (Cliff Droke seems to understand. Widespread "CRASH PHOBIA" is bullish.)
COUNT1 GOLD is arguably our best system.
We took the COUNT1 GOLD Trading System and replaced COUNT1 with our MOMO indicator. Why would we do that? MOMO is more sensitive to trend changes.
We sell when Momo is down and M2W=3, if (relatively) OVERBOUGHT.
COUNT1 SPIN moves to the background; MOMO moves into the foreground.
Look what comes up BULLISH today: TQQQ, FINGU, BRZU, TECL.
FNGU, FANG Bullish ETF. I like almost all the FANGs here. MOMO is more volatile with this one, which stopped us out of an earlier trade.
Look how MYL broke down today:
As is FRD, FRIEDMAN INDUSTRIES.
Ok; so this is the basis of my warning to BEARS? Part of it.
Speaking of COUNT1 GOLD System. COUNT1 GOLD is giving a BEAR-BRUTALIZING report today, which tells us the selling is OVER. We first saw this. Remember, the small green box on the right side of the column tells us what is a BUY TODAY.
TEN-CENT? Did you say TEN-CENT?
Ok, let's hear (SEE) about TEN-CENT.
And that is NOT the end of it. Brace yourself: this is a FLOOD of BUY SIGNALS.
C1 CHANGES. Pay attention BITCOIN investors.
We are waiting for a chance to get our readers into WKHS, WORKHORSE, again. The price for the past week shows consolidation in a triangle pattern. Triangles can be bullish or bearish, depending upon in which direction the price breaks as the price runs toward the apex.
Disclosure: I am/we are long GBTC. 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 am/we are long GBTC.