- BUY ABNB? ARE YOU SERIOUS?
- BUY TECL.
CGTS Algo Trading System
CGTS THURSDAY: ARE WE CONCERNED, YES; ARE WE BEARISH, NO. NOT YET.
May 05, 2021 11:20 PM ETABNB, DRN...
We are concerned but not BEARISH. We agree that the BOOM TECH STOCKS that fueled last year's monster rally are needed to help fuel a similar rally this year. Our closely-watched stocks above are very much Cathy Wood stocks, are oversold, and need to rally here but also show they still have muscle. A weak rally will tell us a log about where the market is, and is not.
Weakness today, but not much; strength today, but not much. Wishy-washy Wednesday.
MOMO1 is volatile. And today it fell back into the RED CATEGORY. WARNING.
PROP2 and BUY/SELL RATIO did not join it.
Now we have TWO indicators that are SHOUTING out a warning to us, MOMO1 and ULTIMA.
CROSSOVERS, CONTINUING BULLISH. Both C1 Crossovers below must fall below ZERO for us to SELL (and SHORT) the markets.
CROSSOVER TRADE, STILL LONG.
FANG STOCKS are struggling to regain momentum. I would recommend NEVER shorting a stock that is C3=1, bottom pane. I would recommend NEVER SHORTING A STOCK that is C1=2, TRADING SELL. C1=3 and C1=4 are BEARISH READINGS. C1=1 and C1=2 ARE BULLISH READINGS.
One can always play hunches, and sometimes WIN with hunches. Clearly good instincts come in to play here also. But working with a system is different than working with instincts.
A BROKEN STOCK TODAY. MRCY, MERCURY SYSTEMS. We had to close this will a loss of about 16%. M2F ALT x3 System.
New TRADES OLDBOY SYSTEM.
No NEWS today. (JUST KIDDING.)
DONALD HAS A MILKSHAKE; AND WILL HAVE THE LAST LAUGH. FACEBOOK chose repression of the First Amendment in favor of GLOBALISM'S ORDER AND ONE PARTY RULE. How will history view this mariage of Wall Street and the Deep State? One can only guess.
Disclosure: I am/we are long SEE CLOSELY WATCHED LIST.
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