On October 3rd we posted that our algorithms exited all positions and rolled into cash. This happened just before the start of the current market turmoil as a result of the news out of Washington. While the subscriber portfolio capitalized on the volatility, we tweeted a warning the next day to all our followers:
As we’ve said before, we don’t particularly like going short, but short were the only opportunities that our algorithms were picking up. It has taken nearly 7 trading days for markets to resolve themselves, and we are only now starting to see algorithmic opportunities to go long.
Our algorithm picked up a buy signal on Symantec Corp (NASD:SYMC) based on a trading pattern going back to the beginning of March this year, and went long at market open.
Check our blog for a complete list of open and closed picks and our performance to date.
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