CGTS Algo Trading System
CGTS FRIDAY: IT'S BULLISH; IT'S BEARISH; IT'S BULLISH; IT'S BEARISH.WHAT IS IT?
This is the first time I can remember having such a disconnect between what my system says is true and what I feel is true. I do not FEEL bearish here. And it is not just a feeling.
Today I ran my regular reports and found that FISHNET-EXCAL, for instance, is VERY BULLISH. This was NOT the case in March 2020 when CROSSOVER flipped to negative.
FISHNET EXCAL SHORTSELL LIST
ALL THESE BUY signals are SCREAMING at me that the BEAR REVERSAL is a false signal. (What to believe?)
TRIANGLE TRADE PLUS is giving a VERY ATTRACTIVE BUY SIGNAL in a stock we already own, WKHS, WORKHORSE. We saw this headline and meant to post it yesterday, but forgot.
We looked at LBY a couple days ago and did not like it. What's different? C3=1 also. BUY.
AGRX, TRADING SELL.
The CROSSOVER TRADE is SHORT'; but not much else is. SPLIT BRAIN syndrome.
Let's look at our diagnostics to see what they look like today.
The same MIXED PICTURE as yesterday: NEGATIVE SHORT TERM; POSITIVE LONG-TERM.
OF TWO MINDS:
The GSPC chart if VERY unconvincing as a BEAR Chart. MOMO1 (blue, second pane down from the top) SHOULD BE broken down; it is not.
Neither PROP2.5 nor EXCAL (top pane) have broken.
Also PROP2.5 and EXCAL are still positive, top pane.
CGTS TRADING POSTURE.
This is difficult. Stocks rallied today; and they should rally next week. We are not SURE that the CROSSOVER system is accurate here; we do not see enough evidence that the BULL MARKET has ended. We are of two minds here. Be careful.
Best weekend to all.
Disclosure: I am/we are long WKHS,, BLNK, SOLO, 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.
Additional disclosure: SHORT: ERX; TBT
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.