CGTS Algo Trading System
CGTS WEDNESDAY: HAS THE MARKET REALLY GONE NOWHERE IN A YEAR? THAT IS WHY WE TRADE.
COVER BIDU, X, CWEB, REV, OCN, TEVA.
WKHS UPDATE: Is it time to re-Buy?
An SA article this week caught my eye
The investor needs to take profits. I would add: and he needs to play both sides of the market, LONG AND SHORT. But that is another matter
COUNT1 CHANGES. Short list.
CLOSE the SHORT in REV, REVLON; this was a nice gain, 25%.
CWEB, CHINA INTERNET, COVER SHORT. GAIN OF 23%. We close a SHORT; this does not mean we open a LONG position.
C1 CHANGES, Long List. See TELL, TELLURIAN, for a state change from BEARISH TO BULLISH.
SMART STREET, SMAR, is a BUY -- we are a bit late. No matter. Look at the wonderful MOMO pattern. This is an MOMO>0 and COUNT1=2 BUY SIGNAL.
I am generally speaking NOT high on Chinese stocks. Here is another that seems to have CHANGED STATE. MOGU. Chinese stocks are a bit of a gamble today.
SELL BTC-USD. We don't really think this is the end of the run for BITCOIN. Not a great trade. Gain of 7%.
NOT ALL C1 trades are successful. FN, FABRINET, collapsed yesterday and erased a nice gain. That is life. GAIN of 3% only.
WKHS, WORKHORSE, was up almost 15% today. Our system is a SLOW weighing machine. It has not flipped to BULLISH. We predicted this breakout to the upside as a TRIANGLE pattern breakout. Our system has not caught up yet.
We are SHORT UBIO. Note how PROP1=-13 (red line, top pane) acts as a BEAR CEILING for a stock in a BEAR MARKET. PROP1 needs to have such BUYING STRENGTH as to flip up through -7 to change state. If PROP1 stops at -13 or -11 and cannot get higher, then the SHORT position is in good condition; this promises another leg down.
We are LONG DRN, Real Estate Bullish ETF.
UNIVERSAL SELL. Last week we introduced our newest version of UNIVERSAL SELL. It is connected with our COUNT1 GOLD System -- but we have not really instituted it yet. We do run a report daily to see which issues are meeting this criteria.
Headlines of note:
The Demise of the Democratic Party.
Housing Bubble in the US. When the Baby Boom Generation gets ready to sell their houses to fund retirement no one will be able to afford them. No liquidity, even at ZIRP. Chronic illiquidity in the Debt Market.
Are Negative Interest Rates a form of Redistribution of Wealth?
Are not those who are politically ANTI-WHITE racist also? Are not those who are ANTI-MEN, sexist? Are only WHITES (and especially WHITE MEN) capable of racism? Or is racism exhibited by every race in the world, as nationalism is expressed by every nation in the world? MYOPIA is not a symptom of wisdom. Isn't it time for us to wake-up from our dream of UTOPIAN IDEALISM? Hear those gunshots? They are the sounds of our children killing each other.
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.