CGTS Algo Trading System
CGTS THURSDAY: GAME STOP MARKET TURNS BACK UP (?)
Jan. 29, 2021 3:57 AM ETGLRE, PSXP...
- SELL UMDD, gain of 94.94%; SELL MIDU, gain of 94%.
- BUY TPOR, RUSL, DUSL.
IT'S A GAME-STOP KIND OF MARKET.
INVESTIGATE THE SHORT-SQUEEZERS? Really, why? Are Short-Sellers an endangered species? Well, they should be, I guess. In a liquidity-driven melt-up they still insist on using FUNDAMENTAL INFORMATION (VALUE) to SHORT a stock? Let them go extinct.
What does CLSK do? BITCOIN services + energy.
Take profits in UMDD, 95% GAIN and in MIDU, 94% GAIN. MIDCAPS have soared.
A COUPLE NEW BUYS FOR us that are a couple days late: RUSL, RUSSIAN STOCKS BULLISH, and , DUSL INDUSTRIALS.
BUT...what about ^VIX?
CROSSOVERS. There is deterioration. This we all know. Is it lethal? That is the question. Lethal, in terms of market gains. SHOULD WE SELL?
CORRECTION CROSSOVER weakening.
CORRECTION CROSSOVER close-up:
We have expected a deterioration in PROP2 to go with deterioration in MOMO1. Not happening yet.
EARLY-WARNING? You are being warned, yes.
We got rid of the duplication of ULTIMA measures; we added an M2F ALT CROSSOVER, which finally went negative. MOMO1 is negative. FEAR GAUGE, 29.22%, moderate, no panic. ULTIMA is negative.
M2F ALT CROSS, what does it mean? We are not sure what it means, in the largest context. This is relatively new. The CROSS means that OVERSOLD issues have finally surpassed (eclipsed) OVERBOUGHT. It's not clear if this is BULLISH or BEARISH, in fact. Should we sell, using this indicator? Or are we getting closer to a short-term trading bottom?
We started keeping this data in October when the indicator was negative, at 14%.
We should wait with this until we really understand how it works best.
CORRECTION? CORRECTION? Are we correcting? If we look at a correction as C1=1, BUY, being eclipsed by C1=2, TRADING SELL, we are not correcting yet. C3? A much stronger picture.r
The intermediate picture is really quite bullish (yet to decay?)
CROSSOVER TRADE, LONG, up 13.11%. Up 2.3% for 2021.
We closed some FISHNET positions today. But look at the nature of these trades. The top four trades below were, in fact, ending SHORT POSITIONS that decayed into LONG positions. Five of the next 6 trades were LONG trades that were essentially profit-taking trades, and not transitions to BEARISH positions. In fact, everything in red was a SHORT position that lost and was transformed into a LONG position. Not exactly a picture of a market collapse.
A Trading Sell today, VJET, a 56% GAIN.
Remember GREECE? Remember all the GREEK TURMOIL in the past couple of years? GREK is a BUY. I did not ever think I'd say that. Is it really? In OLDBOY PRIMO it is not a BUY until C1=1 and OLDBOY<0. The chart below shows a flaw in OLDBOY vis-a-vis PRIMO. In September OLDBOY bought GREK at 20; and it sank as low as 17.5.
From the TOO LAME TO BE TRUE files.
Best good fortune.
Disclosure: I am/we are long BLNK, TSLA, WKHS, IDEX.
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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