CGTS WEDNESDAY: THE BEAT GOES ON, AGAIN
Long/Short Equity, Special Situations, Currencies
Seeking Alpha Analyst Since 2009
CGTS: THE NEW SCIENCE OF INVESTING
CGTS Algo Trading System
CGTS WEDNESDAY: THE BEAT GOES ON
Jul. 15, 2020 9:55 PM ET•OSTK, BGS, WKHS, MED, OXY, LL, COUP, CRSP, W, UNFI, AR, IAG, JOB•Comment!
Here are some MONTHLY STOCK CHARTS THAT WILL ENTICE YOU TO BUY.
TODAY wanted to be ugly -- but it refused. Impressive BUYER STRENGTH show today. Let at the small cap strength; and the NDX recovery.
I spent the first part of the day by running a MONTHLY report and looking at the BUY SIGNALS -- and running charts.
Here is one of my favorite MONTHLY CHANGES. BGS. Look at a few things in these charts. Because it is monthly data -- daily data divided by 20 trading days in a month -- some of our indicators barely have enough data to compute, especially EXCAL LEVELS. Keep in mind, we want to BUY when EXCAL <0 and sell when EXCAL>0.
MOMO needs to be breaking through RESISTANCE, making a higher high.
We would love for both COUNT3 SPIN and COUNT4 SPIN to be BULLISH (either =1 or =2).
COUP SOFTWARE is an even better chart MOMO-wise.
FRTA, FORTERRA. Just starting to take off.
GNMK, GENMARK DIAGNOSTICS. Note, EXCAL is at ZERO. Still has room to run. MOMO is righteous.
IBIO. Nice MOMO Upswing; EXCAL where we want it, in the basement. Both COUNT SYSTEMS are BUY.
OSTK, OVERSTOCK.COM is still one of the best charts in the chartbook. Is it ahead of itself?
SWN, SOUTHWESTER ENERGY. MOMO has made a HIGHER HIGH for the first time since before 2017.
UNFI, UNITED NAT FOODS. Food companies are starting to show up here.
W, WAYFAIR. EXCAL is a no show; MOMO is rollicking. Looks like a winner.
ABMD, ABIOMED. UMM; looks delicious.
AFI, ARMSTRONG FLOORING. MOMO is buckling up.
AR, ANTERO RESOURCES. This one is "on the edge" of our recommendations. It looks like MOMO just just reversed the trend. The long-term COUNTS are both positive.
IAG, IAMGOLD. EXCAL is at a bottom; COUNTS are good.
IRBT, IRBOT CORP. Very intriguing. COUNT4=2 is largely the same as C4=1. The entire run-up from 30 to 110 in the chart was with C4=2.
JOB, GENERAL EMPLOYMENT ENT. Yes; it has moved already
RRC, RANGE RESOURCES. A bottom turning up.
Can this really make a BIG run-up from here? After all this?
This is a very cheap call options for a big possible UP move.
Stock at 19.38.
We have had two trades in this system. I think the software does not know how to list both COVER SHORT/ENTER LONG in the same month.
The SHORT TRADE was more reasonable.
MED, MEDIFAST. A lovely chart.
MTZ, MASTEC. I am already LONG this one.
I am already LONG OXY also, OCCIDENTAL PETRO. C3 and C4 are giving the "bench impression: sit down and change your shoes to BULLISH SHOES."
How can one NOT LOVE LL, LUMBER LIQUIDATORS, when it looks like this? EXCAL=-1, bottom; MOMO broke a ceiling in its escallator; COUNT3=1 and COUNT4=1, both for the first time since SEPTEMBER 2017.
Oh, yes. Look at CUTR, CUTERA, in the WEEKLY charts. See how nice MOMO displays a top when stacked on top of EXCAL.
Ok; the preface is done. I feel like I'm finished and I have not really begun.
Today, very nice for the market bulls. It was not an avalanche of gains but it was a good day after an earthquake tremor of selling.
AAL had a nice day. We're LONG AAL and sometimes wonder about the wisdom of this move. Chart below.
We took some profits in our ULTIMA-EXCAL Cadillac System, up 54% since April 15.
We closed a SHORT position in YANG, CHINA BEARISH ETF. Gain of 37%.
We also took profits in a LONG position in AOBC, AMERICAN OUTDOOR BRANDS, a gain of 162%.
NEW LONG TRADES today in ULTIMA-EXCAL? Nice names, OKTA among them.
Knowing which stocks to pick is an art; and knowing WHEN to pick them is a different art.
We will ignore the two SHORTSELL recommendataions today, but we will not ignore the charts.
CVSI. What is wrong with this picture? C3 and C4 are both BULLISH. This makes us stock and think. Should these systems NOT be in harmony? Looking at the longer COUNTS might make sense.
HALL is BULLISH in terms of ULTIMA. And in terms of C3 and C4.
Our UNIVERSAL BUY/SELL SYSTEM is based in EXCAL-PROP2. Here is its report today:
THE INSTRUMENT ROOM
Very positive day today for the Bulls. Yes, the BUY/SELL CROSSOVER is still negative. That means there are more SELLERS (C1=2 and C1=3) than BUYERS in our COUNT1 analysis (C1=1 and C1=4).
C1=1 and C1=2 CROSSOVER remain bullish at +74.
Our CROSSOVER TRADE is up 27%. We will close this trade when C1=1 is eclipsed by (in terms of numbers) C1=2.
None of the rest of our numbers are BEARISH. PROP2 is 61% BULLISH; MOMO1 is 64% BULLISH.
ULTIMA is a pretty amazing 90% bullish compared with ULTIMA BEARS.
C3 is more stable than C1, and has 400 some more COUNT=1 numbers. More C3=1 and less C3=2.
Our FISHNET 3 Portfolio jumped back to life today.
Disclosure: I am/we are long GBTC, SOLO, WKHS, AXL, GOGO. 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
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