Interestingly, the gap-up move triggered a timer that will prevent a flip to the long side for about 90 minutes but that was overruled by other internal parameters that flipped the algo long when the semiconductors turned bullish. Chips and retail stocks carry equities higher.
The sideways chop continues slicing up bulls and bears alike. That is why you want to typically trade less in these environments. Keybot, however, always sees its 1's and 0's and continues on its way. Bears need the SOX back below 1471 (now at 1495) and/or the NYA below 12549 (now at 12704) to stop the rally.
The bulls need to maintain the strength in NYA and SOX, while at the same time pushing banks, copper and commodities higher. Keybot prints a pre-scheduled number this morning shortly after the opening bell. Today is the last trading day for August; EOM. The US-China trade war rhetoric continues whipsawing markets.
On the last trade, that ran about 1-1/2 weeks, the Keybot program loses -1.6% and the actual trading loses a percent. The whippy action continues to eat away at the nice gains this year. The S&P 500 benchmark index is up nearly +17% this year thus far. The actual trading, generated by Keybot, is up +21%. Keybot exited RWM and entered DIA remaining in 1x ETF's due to the erratic, unstable and shaky price behavior.
9/1/19;
7:00 PM EST EOM =
8/30/19;
10:00 AM EST =
8/29/19; 9:36
AM EST = +28; signal line is +7; go long 2920; (Benchmark SPX for 2019 =
+16.8%)(Keybot algorithm program this trade = -1.6%; Keybot algo for 2019 = +8.9%)(Actual
results this trade = -0.9%; Actual trading results for 2019 = +21.4%)
8/28/19;
1:25 PM EST = +12; signal line is +6 but algorithm remains short
8/28/19;
1:17 PM EST = -2; signal line is +6
8/28/19;
12:57 PM EST = +12; signal line is +6 but algorithm remains short
8/28/19;
12:42 PM EST = -2; signal line is +6
8/28/19;
11:34 AM EST = +12; signal line is +6 but algorithm remains short
8/27/19; 11:12 AM EST = -2; signal line is +5
8/27/19; 10:00 AM EST = +12; signal line is +4 but algorithm remains short
8/27/19; 9:58 AM EST = +12; signal line is +3 but algorithm remains short
8/27/19; 9:36 AM EST = +28; signal line is +3 but algorithm remains short
8/27/19; 11:12 AM EST = -2; signal line is +5
8/27/19; 10:00 AM EST = +12; signal line is +4 but algorithm remains short
8/27/19; 9:58 AM EST = +12; signal line is +3 but algorithm remains short
8/27/19; 9:36 AM EST = +28; signal line is +3 but algorithm remains short
8/25/19;
7:00 PM EST = -2; signal line is +1
8/19/19;
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%)
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.