Update 10/24: Disastrous earnings overnight from Symantec has exited us from the trade at a loss.[
](http://intellikon.com/closing-all-positions-moving-to-cash-for-now-ual-avp-pcg-xlf-flws-cvx-adi/ “Closing all positions, moving to cash.. for now (UAL,AVP,PCG,XLF,FLWS,CVX,ADI up 2.5%)”)
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{.broken_link} capitalized on the volatility, we tweeted a warning the next day to all our followers:
Our computers just finished analyzing over 700 #stocks and nearly all are bearish..choose wisely $QQQ $SPY $IWM http://stks.co/elLO
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.
