Saturday, August 24, 2019

STOCK MARKET BEARISH -- SHORT -- CAUTION

Keybot the Quant flips to the short side yesterday at SPX 2873 before lunchtime. The choppy whipsaw action continues. The chips are down for the stock market as semiconductors fall apart due to the escalation of the US-China trade war. Retail stocks and automakers are also slapped silly. The NYA (NYSE Composite) fails into the bear camp causing the Keybot model to flip short. Note, however, that the algo number is only 3 points below the signal line so the tug-o-war between bulls and bears continues.

For Monday, the bulls will need the NYA to strongly recover to send equities higher while the bears need to slap retail stocks lower to gain downside traction.

On the last trade, that only ran for one week, the algo program and actual trading log more marginal losses due to the whipsaw markets. The benchmark SPX is up +15% this year. The Keybot the Quant algorithm program is up +11% and the actual trading generated by the robot is up +22%. Keybot exits IWM and enters RWM remaining in the single ETF's due to the choppy erratic price action.

8/25/19; 7:00 PM EST =
8/23/19; 11:42 AM EST = -2; signal line is +1; go short 2873; (Benchmark SPX for 2019 = +14.6%)(Keybot algorithm program this trade = -0.5%; Keybot algo for 2019 = +10.5%)(Actual results this trade = -0.4%; Actual trading results for 2019 = +22.3%)
8/23/19; 11:10 AM EST = +12; signal line is +1
8/19/19; 10:11 AM EST = +28; signal line is 0
8/18/19; 7:00 PM EST = +12; signal line is -2
8/16/19; 10:57 AM EST = +12; signal line is -2; go long 2888; (Benchmark SPX for 2019 = +15.2%)(Keybot algorithm program this trade = -0.3%; Keybot algo for 2019 = +11.0%)(Actual results this trade = -0.4%; Actual trading results for 2019 = +22.7%)

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.