CGTS WEDNESDAY: BITCOIN DOES NOT STOP.
Long/Short Equity, Special Situations, Currencies
Seeking Alpha Analyst Since 2009
CGTS: THE NEW SCIENCE OF INVESTING
CGTS Algo Trading System
CGTS WEDNESDAY: BITCOIN DOES NOT STOP.
Feb. 18, 2021 2:34 AM ETCLLS, EXPR...
We have been watching QS, QUANTUMSCAPE, for weeks, hoping to get in. We did not watch closely enough It feels too late now. (Of course, it is not. But the selling seems done for the moment at least.)
Keep an eye on HALL. Remember this one was the stock we have been watching and bought eventually after the name/word HALL began to appear everywhere in front of me. This is an experiment is divine intervention in stock selection, harkening back to the 1980's when I began investing and God was communicating with me about which stocks to buy.
It is heading to 4.56.
(This is NOT my usual method of stock selection.)
IDEX was one of the worst stocks we watch closely today. We EXPECT 4.29 to act as a huge MAGNET here, restricting further descent. 4.29 SUPPORT needs to hold as we absorb the sellers here and turn back up.
MVIS. Today found sellers take profits. But MVIS is NOT finished in its climb. 14.21 SHOULD provide support here, if we know what we are talking about.
FUBO is poised to move higher here.
Markets are a bit odd here. Look at the two SELLS from out 3x portfolio.
SELL BRZU, with a gain of 7%. Modest gain.
Sell RUSSIA, RUSL, 3x Bullish stocks, with another modest gain of 12.37%. Nice gains. What are they telling us? RUSSIA and BRAZIL are oil stock nations. Does this mean that the OIL RALLY (which I say is the WEAK DOLLAR RALLY) is ending? We don't know.
If the DOLLAR rallies oil will fall. And all the commodities with it.
TBonds have been crushed, sort of. Is it the end of the BOND BULL? We don't believe it is. We are still SHORT TBT, 3x SHORT 10YEAR TBONDS; so we are LONG TBONDS.
COUNT3 TRADE System. BUY MMEDF. SHORT TLRY.
SHORT a whole groups of stocks -- we sold our SOXS put options which expire this week.
Today, SHORT EXPR, EXPRESS.
If cannabis can fly, why not LSD (as a medical experiment)?
3x_M2F_ALT_PLAIN_PORTFOLIO_2_17_21.xlsx
C3_TRADE_PORTFOLIO_2_17_21.xlsx
OLDBOY_100_PORTFOLIO_2_17_21.xlsx
SELL TODAY, OLDBOY 100 TRADE.
SHORTS FIRST TODAY.
CGTS MARKET DIAGNOSTICS: bullish still.
CROSSOVER TRADE
We will get back to regular reports tomorrow
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THANKS.
MJC, CGTS
Disclosure: I am/we are long FSLR, GBTC, HALL.
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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