CGTS MONDAY: BEARS LAID TO RUST, FOR THE TIME BEING
CGTS Algo Trading System
Launch chat
CGTS MONDAY: BEARS LAID TO RUST, FOR THE TIME BEING
Jul. 20, 2020 10:18 PM ET (AAPL), GOGO, GRUB, SOLO, SPCE, SQ, TSLA, WKHS
Finally, our system flirtation with VIX has been ground down to dust. COUNT1 SPIN has been threatening us for a while now with COUN\T=1 or COUNT1=2 readings, BULLISH. We knew this was a false flag based on a sudden surge in JUNE that took a long time to neutralize. Our other indicators, MOMO and ULTIMA told us not to jump up with the BEARS on this one. Well, this version of HYSTERIA 101 ended with a nice result. COUNT1=4.
Today was positive for everything but the VIX and the RUSSELL. Small caps lagged. The NDX made up for time lost at the end of last week.
The big winners in our CGTS universe included quite a few issues we talked about last week (in a positive manner), including IBIO and DPW.
The losers also were on our mind last week, at least one of them, NKLA, which shed 20% today. We are SHORT DROP. RMBL got skewered. But RMBL is not bearish yet.
We'd like to keep this report simple.
Our CROSSOVER TRADE is still LONG, up 27.95%. WE will get out when this goes negative, as it did last 2/27/20.
Our ULTIMA-EXCALIBER System, our CADILLAC System, is up 60.8% since April 15.
We have some new trades.
SUBSCRIBER RESOURCES: subscribers only.
ULTIMA-EXCAL PORTFOLIO
RP: READER'S PORTFOLIO
FIBONACCI PICTURES, SUPPORT AND RESISTANCE. POSITIONS REVIEWS.
UUP, US DOLLAR. Is the Dollar crashing? No.,
WKHS, WORKHORSE GROUP. SUPPORT AT 12.35. RESISTANCE 17.89. NOTE: THESE LEVELS ARE DETERMINED BY FORMULAS, NOT BY eyesight.
TSLA. 188918 RESISTANCE; 1304 SUPPORT.
SOLO. 6.39 RESISTANCE; 4.4 SUPPORT.,
AAPL
GBTC, BITCOIN.
HEADLINE NEWS
It's "fun" to shoot guns; and free pot for everyone? That Kanye West's political platform?
It gets sadder and sadder.
MJC, CGTS
Disclosure: I am/we are long GBTC, SOLO, WKHS.
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.
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