The algo really went way off the rails last week: It forecast a stormy market ahead- and the outcome was a massive Bull Party! How wrong can things get? Lets see what next week brings- Looks like it may be time for the Bears to hibernate—the Bulls will continue to Party it seems!
The Market Algo Forecast for the Week Ahead:
Market Trends for the week ahead (as forecast by our proprietary Market Algo):
Our proprietary market algo forecasts show the following as of 07/26/2021 and moving forward:
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The Market Algo Newsletter : 08/02/2021
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Welcome to the Market Algo Newsletter. Analysis published is not investment advice!
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The algo really went way off the rails last week: It forecast a stormy market ahead- and the outcome was a massive Bull Party! How wrong can things get? Lets see what next week brings- Looks like it may be time for the Bears to hibernate—the Bulls will continue to Party it seems!
The Market Algo Forecast for the Week Ahead:
Market Trends for the week ahead (as forecast by our proprietary Market Algo):
Our proprietary market algo forecasts show the following as of 08/02/2021 and moving forward:
Risk-on:
All metrics forecast Risk-on: A Bull Party: Metrics forecasting Risk-on: WTI, Copper, QQQ, the VIX and VVIX are in decline. What’s not to like?
Risk-off:For the more conservative-mnded traders: the VIX-SPY correation variance shows Risk-off. A bunch of wet blankets- so for the “rest of us”- Party on! BUT: note that Daniel Riley (Mr TopStep: https://mrtopstep.com ) shares that August could be a “rude awakening”. His website & free email newsletter is a MUST!!! Time will tell, concerning August- let me know your thoughts!—Patrick
Conclusion:
Let the Bulls “party-on”!
Enjoy the week ahead, traders! When the music ends- the correction will be “fast and furious” -IMHO--- Patrick O’Connell
******** ********
Swing Trader:
I am illustrating P/L (Profit/Loss) results of Ed Barsano’s algo in a paper-trading acct at TD Ameritrade:
Check out my P&L at this link – using Ed Barsano’s free Algo- no software to download: Just set up an account at TDAmeritrade- I Love the algo!
Here is the link:
https://gobabytrade.com/gobabytrade_b0c29d35_0
Email Ed Barsano if you have any questions:
As of market close on 07/26/2021: All data is USD!
Initial equity in the paper account: $7000.00 USD
Stock Price Shares Total Profit/Loss
RUN 50.20 30 +51.14
MRNA 335.70 2 +671.28
PENN 72.89 22 -504.13
******* About The Market Algo Newsletter: *******
I do the research. You reap the rewards. ---- Patrick OConnell/ editor & algo developer: Albuquerque, NM – USA