CGTS WEDNESDAY: MELT-UP THAT WON'T STOP.
Long/Short Equity, Special Situations, Currencies
Seeking Alpha Analyst Since 2009
CGTS: THE NEW SCIENCE OF INVESTING
- CHINA BECKONS: SHOULD WE BUY YINN CALLS OR YANG PUTS?
- DOES IT FEEL LIKE OUR FREEDOMS ARE EVAPORATING? THEY ARE.
CGTS Algo Trading System
CGTS WEDNESDAY: MELT-UP THAT WON'T STOP.
Dec. 10, 2020 2:43 AM ETFROG, FXP...
Not a very good day today.
A reader wanted to see TDOC. What a run. It swamped our entire FIB RS scale and is now pulling back.
Our TOP-DOWN Scale says supportTDOC12/9237.63 TOPTOP-DOWN90.77118.82147.33180.5988 <--------------CORRECTION SUPPORT201.9855216.2
We have run a new RS scale based on the new bottom made at 184.31. Next stop: 200.9.
OUR NEW (OLD) CGTS System, which we introduced yesterday, has a couple NEW trades today. You can tell the new trades by the single colored boxes (red for SHORTSALE, GREEN for LONG) to the right of the colored column.
It's off to a herky-jerky beginning. We think it will be good however.
I know we have at least one reader who likes FROG.
PODD, BUY. C1=1 new transition.
SHORT: RKT, ROCKET. SHORT positions are treacherous in a liquidity-driven market.
Is the NEPH MOMO trying to turn over? If it is, this could be a short SHORT trade. C1=3, SHORT; C3=2, LONG/SHORT trade. C3=2 acts like C3=3 in fact. C3=2 is a TRADING SELL SIGNAL; but it is often a very strong SELL-OFF.
A couple of sales in the same CGTS OLD System.
AKTS, AKOUSTIS TECHNOLOGIES, a gain of 74%.
When I looked at this stock last night, I said: "It looks like an EV stock, like SOLO and BLNK. "Monetizing the adoption of commercial electric vehicles..." I am already overextended in the EV market.
It's a bit hard to read these charts. BLNK is the leader; it has already turned up. IDEX and SOLO are getting ready to turn up. Just look at the price panes,.
So I am adding IDEX to our WATCH LIST. How many EV stocks can one own without choking on them? When FISHNET bottoms, we will run another R/S reading. Note the two thin red lines as the TOP-DOWN support and resistance levels: stock should bottom between 2.28 and 1.81. Let's watch this to see what happens.
One more CGTS OLD-BOY System, BLACKSTONE Senior Debt, 28% gain.
Get ready to BUY China Stocks? M2F ALT PLAIN 3x System.
Are you interested? If so, which shouyld you buy, the YANG PUT OPTIONS or the YINN CALL OPTIONS?
How does M2F ALT PLAIN trade the two issues? Does it trade them equally? No, they don't. YANG trades much more energetically than YINN does.
Why? I don't know. I'll look. (YINN and YANG apparently track different indexes, which explains some of this.)
YINN To My YANG: What's Up With Leveraged Chinese ETFs?
I reloaded quote data thinking this might help. It did not. I did a hand-count of trades from 2015 on and divided total gain by number of trades:
YANG seems to be MORE ENERGETIC.
The YANG SPREAD is slightly MORE EXPENSIVE.
We are going to buy the YANG PUTS instead of the YINN CALLS. That was pretty noisy wasn't it? Sorry.
Today's M2F ALT PLAIN Report echoes some of the same noise above. Except I did not include FXP in the discussion. Should I have?
What about LONGS? JD.COM is making a lot of noise overseas. PODD. LWAY. TIGR.
FISHNET SYSTEM. No new trades.
We have a couple new trades here.
A couple of our systems have chosen NEXCF.
GRUB finally popped up from support line. We think it was (unfairly -- does that mean ANYTHING?) OVERSOLD.
Usually the kind of candlestick shown in the chart above appears at a top. When it appears at a bottom, it is a nice sign. It rallied hard, gapping up, and then pulled back to close near the lows. It is called A BULLISH WINDOW.
My guess is that tomorrow will be positive for GRUB.
Our weekly system moved back today; but it is doing well.
Here's a few of our BEST TTWEEKLY TRADES
There is a wide variation here; but some stocks have really performed.
First peek: C1=1 below 50% can be the beginning of trouble. For instance, last spring.
CROSSOVERS. LONG. We end our LONG Crossover Trade when the top two CROSSOVERS go negative.
CROSSOVER TRADE. LONG, up 41.07% for 2020.
DIAGNOSTIC SCORECARD. Nothing negative.
Headlines are dismal. We have replaced our leader with a committee of lackeys who care more about appearances than about reality.
THE SPIRITUAL OVERLORDS ARE TAKING OVER. You'll own nothing; but not everyone will own nothing.
CENSORSHIP is the same as AMERICAN PATRIOTISM NOW. CENSOR ALL THE NEWS THAT DOES NOT FIT.
HEAR NO EVIL, SEE NO EVIL, SPEAK NO EVIL,.
If JPM is bulliish, can we afford to be bullish for long? Remember, we have already CANCELLED THE EXPERTS as a part of the CANCEL CULTURE.
Does that mean more stimulus for Chinese stocks?
Umm. The GREAT ONE. I grew up (in Wyoming) watching NHL hockey, rooting for Bobby Orr and Boston and then the Bullies on Broad Street, with Bobbie Clarke.
Door Dash, opens 80% over IPO price.
Does this mean JPMORGAN likes BITCOIN?
GAMMA is the new word for "insiders who know". NOT MY TEMPO.
THE CITIES ARE DYING, ARE THEY?
YOU CAN TURN IT ON AND OFF, APPARENTLY. FLIP THE SWITCH.
Taxpayers have to pay both TENANTS and LANDLORDS because of COVID? What?
GLOBAL WARMING MAKES ITS TRUE APPEARANCE? Don't they get it: the Sun rules the Solar System, not humans driving SUV's.
SUPPORTING THE STATUS QUO IS FREEDOM OF SPEECH? DOUBLEPLUSGOOD, DOUBLEPLUSGOOD...?
SATURN in Simple English Gematria Yields: 93 -- SATURN IS THE
PLANET/FORCE OF NATURE/GOD THAT WAS CHARACTERIZED AS SATAN
BY CHRISTIANS. SHIVA BY HINDUS, THE DESTROYING GOD.
DOMINION in Simple English Gematria Yields: 93
END OF DAYS in Simple English Gematria Yields: 93
FIAT LUX in Simple English Gematria Yields: 93 -- "LET THERE BE LIGHT!" DAWN EVOCATION
EQUALITY in Simple English Gematria Yields: 93 -- THE DRIVING FORCE OF NIGHT LOGIC
THE NEW FOX NEWS CHANNEL. TRUMP BETRAYAL SINKS FOX NEWS.
Is the ZIRP war on savings a war on wealth?
Disclosure: I am/we are long BLNK, WKHS, TSLA, SOLO.
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: TBT; YANG (LONG CHINA STOCKS)
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