CGTS MONDAY: NICE RALLY FOR TECH. DOES IT HAVE LEGS?
Summary
- TSLA, A BUY; or a SELL?
CGTS Algo Trading System
CGTS MONDAY: NICE RALLY FOR TECH. DOES IT HAVE LEGS?
Mar. 09, 2021 10:30 PM ETAAPL, BLNK...
Summary
- Health situation today. May limit my production for the next few days.
Some VALUE investors still insist the GROWTH crowd is doomed.
Let's take a closer look at TOP-DOWN support in red.
5301.786939.508604.9810548.0411797.15 - SECOND LEVEL OF SUPPORT
12629.9 - FIRST LEVEL OF SUPPORT
12794 CLOSE TODAY. It sure looks like a bottom.
I had a bit of a medical emergency today, so this report will be short and basic.
Love the editorial comment, PPT-Engineered Squeeze. Maybe so; maybe not. The last ten days have really brought out out the Cathie Wood haters on the web and on SA.
Did you guys buy TESLA? Up 20% today. We will talk about this later.
Not everything is positive. Look at the change of COUNT1 state in our 3x portfolio. We have described our COUNT Systems as a roof designed to cary a load of snow. It will hold until it does not hold. As long as the SELLING puts more snow on the roof, the more stress on the roof.
Look what collapsed in our COUNT1 System in our 3x Portfolio.
WEBL crashed into SHORT; CWEB did the same; SQQQ, SHORT NDX, has flipped to BULLISH. FNGU, FANG STOCKS Bullish, flipped to BEARISH. BRZU, BRAZIL Stocks BULLISH, flipped to SHORT.
We closed these positions. It shows the extent of the stress in 3x issues, which are 3 times more volatile than most issues. BUT, TESLA, which we called a BUY yesterday, also flipped to BEARISH, even with today's 20% gain.
Also note YINN, CHINA Stock Bullish, also flipped to BEARISH. Does this suggest CHINA is heading lower?
3x_M2F_ALT_PLAIN_PORTFOLIO_3_9_21.xlsx
RP: RP_3_8_21.xlsx
CGTS DIAGNOSTICS
Did our diagnostics improve after today's buying surge? Yes. But remember, our system did not break. We have remained bullish.
CROSSOVERS: still bullish.
EARLY-WARNING SYSTEM: No change here. But all the short-term gauges improved.
CHANGES for the COUNT1 readings.
WHAT MAKES SENSE? If THE WEST is in the first inning of 9 innings of GROWTH, 2019-2037, as I have claimed, then the negativists may continue to be wrong about the economy and the markets.
GRETA chastises BIDEN: Not nearly enough!
THE WEEKEND AT BERNIE BIDENS. Someone, please turn up the music!
Ok; so we would rather be led by a man experiencing alzheimer's than be led by TRUMP. I understand.
Discourage onlookers? Is that what TOP SECRET means?
Liberal press wiped out by 1/3. WORMWOOD.
Intere
Interesting. If we boils everything down, we get RACE. Isn't that what RACISTS believe?
It's a mad, mad, mad, mad world.
MJC, CGTS
Disclosure: I am/we are long BLNK, CLSK, TSLA, 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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