The Tech Trader Wall » Latest Discussions and Activity Around Tech Trader

Market updates written by Tech Trader itself, a fully autonomous system trading with no human intervention.
Receive updates via Twitter @TechTraderAI or StockTwits @TechTraderAI.
Charts and analysis also available for: Stocks, Cryptocurrencies

213 unique view(s)

August 19th, 2015

August 19th, 2015 8:01:52 am
Posted by pftq | #

pftq (Official) says on The Tech Trader Wall...

Pretty much every time we have a big sell off like today, we're seeing Tech Trader yet again hold up fine despite being more than 50% net long. Right now SPY is down 1.2%, IWM 1.5%, and EEM 2%, but Tech Trader is only down 0.5%, which is basically a normal fluctuation on any given day. On the performance chart for the year, it's barely a blip whereas you see SPY chopping up and down below.

August 19th, 2015 7:29:18 am
Posted by pftq | #

pftq (Official) says on The Tech Trader Wall...

Tech Trader starting to get longer again with the market sell off starting with IWM. Things getting interesting after a boring few days.

August 19th, 2015 9:29:04 am
Posted by pftq | #

pftq (Official) says on The Tech Trader Wall...

IWM already up 0.7% from Tech Trader's bottom call this morning. Don't even have to wait for the Fed.

August 19th, 2015 10:06:33 am
Posted by pftq | #

pftq (Official) says on The Tech Trader Wall...

Looks like the algos were expecting the news not to come out until 2pm EST and are just now reading it lol. IWM surging above $120 now. Well over 1% from the bottom signal on IWM

August 19th, 2015 10:53:33 am
Posted by pftq | #

pftq (Official) says on The Tech Trader Wall...

It turns out Tech Trader would have bought these months ago if we just had the stocks in the scan list. Unfortunately, Tech Trader is only looking at top 1000 stocks right now; need to have much more capital before we can think of increasing the universe, else the size of each position will be too small. Just something to keep in mind for the future as far as capacity for Tech Trader is concerned.

172 unique view(s)

August 17th, 2015

August 17th, 2015 10:19:43 am
Posted by pftq | #

pftq (Official) says on The Tech Trader Wall...

Great example on GRUB of Tech Trader's option pricing algo at work. Normally I would have just crossed the spread, but it now knows to aim for $.50 on a spread of $.45x$.70 based on how other contracts are priced.
Edit: Not trading this specific strike/contract. Just wanted to show how TT would price a wide spread. Sorry for the confusion.

In other news, XLP has exited around $50.20 for about a 1.2% total gain (QQQ had 2.4%, XLK 2.1%, and XLF 2%). Still holding EEM which is taking a hit, but it's small compared to what the others made already. Slow day overall.

August 17th, 2015 10:40:46 am
Posted by pftq | #

pftq (Official) says on The Tech Trader Wall...

Clarification on GRUB - Not trading this specific strike/contract. Just wanted to show how TT would price a wide spread. Sorry for the confusion.

148 unique view(s)

August 15th, 2015

August 15th, 2015 7:37:43 am
Posted by pftq | #

pftq (Official) says on The Tech Trader Wall...

Fixed images

127 unique view(s)

August 14th, 2015

August 14th, 2015 8:59:38 am
Posted by pftq | #

pftq (Official) says on The Tech Trader Wall...

Seeing some slight rotation into other sectors like XLP and XLF while QQQ and XLK retreat, which is great since QQQ and XLK were sold yesterday while XLP and XLF are still being held. Tongue

August 14th, 2015 10:15:55 am
Posted by pftq | #

pftq (Official) says on The Tech Trader Wall...

Just finished adding the ability for Tech Trader to automatically figure out fair value for options based on intrinsic/extrinsic of other contracts. I'll never get ripped off by a 40% spread again! Bahaha

117 unique view(s)

August 13th, 2015

August 13th, 2015 9:18:56 am
Posted by pftq | #

pftq (Official) says on The Tech Trader Wall...

Tech Trader barely took a hit during the market sell off and is now outperforming the market again on the rally. SPY only up .3% and QQQ up .5%, but Tech Trader is up over 1% with only 68% net long exposure and no leverage. Both the market timing ETF plays (QQQ, etc) and idiosyncratic stock picks (GPRO, HIG, etc) are contributing significantly today.

August 13th, 2015 6:42:29 am
Posted by pftq | #

pftq (Official) says on The Tech Trader Wall...

Tech Trader almost closed its QQQ and XLK longs from yesterday this morning, but that pullback in the first hour was enough to give it more runway. Looks like the pattern has been selling from Europe market hours and then relief after.

August 13th, 2015 7:29:47 am
Posted by pftq | #

pftq (Official) says on The Tech Trader Wall...

HIG, older position from a month back, now ripping on speculation.

August 13th, 2015 8:08:24 am
Posted by pftq | #

pftq (Official) says on The Tech Trader Wall...

Every pullback and higher low we get reduces the desire for Tech Trader to sell. If anything, we'd want a slow grind up here to really squeeze as much gain as we can from this trade.

August 13th, 2015 8:33:47 am
Posted by pftq | #

pftq (Official) says on The Tech Trader Wall...

Tech Trader finally out of QQQ at $111 (just take a guess for the reason). One-month out ATM calls up 85%. Still holding the other ETFs, which seem to be playing catch up now.
Edit: XLK out as well; basically the same as QQQ.

August 13th, 2015 12:02:48 pm
Posted by pftq | #

pftq (Official) says on The Tech Trader Wall...

Market closes down 10-20 bps. Tech Trader is up 80bps end of day.

84 unique view(s)

August 12th, 2015

August 12th, 2015 12:10:34 pm
Posted by pftq | #

pftq (Official) says on The Tech Trader Wall...

SPY closed well into positive. Market bottom trades absolutely killed it today. All positions are in green, with QQQ making 2% in less than a day.

Tech Trader's portfolio is sharply longer now but mainly on its market bet; idiosyncratic names are still relatively tight, though it just sold FIS which also killed it today (8% up today).

FIS sold at $70 today (entered a few weeks ago).

August 12th, 2015 11:06:57 am
Posted by pftq | #

pftq (Official) says on The Tech Trader Wall...

SPY positive for a moment just now. QQQ calls now 70%

August 12th, 2015 6:29:31 am
Posted by pftq | #

pftq (Official) says on The Tech Trader Wall...

Tech Trader's going for it here on this China yuan devaluation sell off. Intraday bottoms on both XLF @ $24.7 and EEM @ $35.3. Looking for another bounce here in the next few days.

August 12th, 2015 7:06:06 am
Posted by pftq | #

pftq (Official) says on The Tech Trader Wall...

Looks like this is one of the bigger sell offs of the year. Just got 3 more names with seller exhaustion and volume capitulation QQQ, XLP, and XLK. Finally seeing a real flush here.... haven't had clusters like this since last year.

August 12th, 2015 8:37:00 am
Posted by pftq | #

pftq (Official) says on The Tech Trader Wall...

Literally every bottom position just bounced into green. What an insane move.

August 12th, 2015 9:05:26 am
Posted by pftq | #

pftq (Official) says on The Tech Trader Wall...

Awesome bottom reversal candle forming on the daily chart for QQQ and a bunch of other ETFs to go in line with all the intraday bottoms we got today.

August 12th, 2015 10:16:56 am
Posted by pftq | #

pftq (Official) says on The Tech Trader Wall...

QQQ is actually up for the day now. Freaking incredible. The one month out
calls are up over 50% from the morning.

88 unique view(s)

August 10th, 2015

August 10th, 2015 6:09:23 am
Posted by pftq | #

pftq (Official) says on The Tech Trader Wall...

Tech Trader crushed it with XLV and IBB after intraday bottom signals in each last week.

93 unique view(s)

August 7th, 2015

August 7th, 2015 8:11:48 am
Posted by pftq | #

pftq (Official) says on The Tech Trader Wall...

I think it's important to clarify what the current positioning actually is. We've had a slight increase in the number of trades the last few days, but at a portfolio level, things are still very neutral. For every long, we're getting a short or sell as well. Exposures to sectors remain very flat. There's also a lot of whiplash intraday, so a lot of signals that are "potential trades" do not necessarily trade by end of day, as we saw with FOLD and KITE. Will try to be clearer on those next time, but in general, besides the ETFs/bottom trades, anything posted intraday is tentative and can change until the actual market close.

Below are the current exposures for Tech Trader, which you can see continues to tighten despite added names.

August 7th, 2015 6:48:49 am
Posted by pftq | #

pftq (Official) says on The Tech Trader Wall...

Tough morning for the IBB long yesterday, but that's why there was only one trade as opposed to a handful. Tech Trader following up on that trade with another intraday bottom in XLV now, essentially the equivalent of a trader averaging down.

August 7th, 2015 11:40:16 am
Posted by pftq | #

pftq (Official) says on The Tech Trader Wall...

Nice recovery in healthcare towards the end of day. Sets up for a nice reversal candle on daily as well. Breakeven point is somewhere between yesterday's close and today's low.

92 unique view(s)

August 6th, 2015

August 6th, 2015 5:38:07 am
Posted by pftq | #

pftq (Official) says on The Tech Trader Wall...

There goes TLT above $122 after yesterday's intraday bottom signal.

August 6th, 2015 6:38:43 am
Posted by pftq | #

pftq (Official) says on The Tech Trader Wall...

TLT trade exited at $122.55. The actual calls traded (Aug.28 2015 122.5) netted 42% going from $1.13 to $1.61.

August 6th, 2015 7:51:16 am
Posted by pftq | #

pftq (Official) says on The Tech Trader Wall...

GRUB getting shorted yet again. This stock never gets any love from Tech Trader lol
Again very interesting to see so many stocks getting rebought or re-shorted in this environment. This is a stock picker's market.

August 6th, 2015 8:26:45 am
Posted by pftq | #

pftq (Official) says on The Tech Trader Wall...

Intraday bottom here at $372.36 on IBB from seller exhaustion. Looking for a bounce over the next couple days. Looks pretty scary on the daily if we close here though.

90 unique view(s)

August 5th, 2015

August 5th, 2015 8:29:54 am
Posted by pftq | #

pftq (Official) says on The Tech Trader Wall...

Pretty exciting. After about 2 week's slumber, exposures are starting to pick up again. TLT just got an intraday bottom at about $121.4. Names like FOLD and SPR are lining up to be bought on breakout continuation to the long side. Update: Lost the signal for FOLD at close and didn't trade it; looks like it's tough to sustain a breakout for individual names at least.

August 5th, 2015 8:37:02 am
Posted by pftq | #

pftq (Official) says on The Tech Trader Wall...

Just got another health care name KITE as well.
Update: Didn't hold until close. Rough day for signals it seems.

89 unique view(s)

August 4th, 2015

August 4th, 2015 8:50:20 am
Posted by pftq | #

pftq (Official) says on The Tech Trader Wall...

Tech Trader up .5% today with the market flat. Longs are up about .3%, while shorts, which only are 30% exposure to the 75% long, are up.9%.

Biggest contributer today is shorting CRUS, which is adding 5.4% P&L. It's impressive that Tech Trader held it short for as long as it did given it's huge run up over the last few weeks.

New positions potentially being added today are long EL and short GRMN, both which look pretty good chart-wise. EL is forming an ascending triangle breakout while GRMN is just continuing a gradual melt downwards.

August 4th, 2015 10:24:45 am
Posted by pftq | #

pftq (Official) says on The Tech Trader Wall...

DOV lining up to be shorted now as well. Interesting that so many names are being re-shorted after Tech Trader covered at support. Things are breaking down it seems.

August 4th, 2015 1:22:51 pm
Posted by pftq | #

pftq (Official) says on The Tech Trader Wall...

VA also flagged for long breakout. Didn't make the close today but will get bought at the open tomorrow (consequence of running everything on one machine no budget). Very interesting to see things moving so much again. Winners moving higher and losers getting crushed again.

69 unique view(s)

July 31st, 2015

July 31st, 2015 8:04:09 pm
Posted by pftq | #

pftq (Official) says on The Tech Trader Wall...

Tech Trader closing out the week flat and month up 3% when S&P has been whipsawing to be up 2%. For the year, the automated strategies in Tech Trader are up 20% and S&P up only a couple percent with much more volatility. Bottom 30Min etf positions are closed out now. Exposures are still very neutral at 72% long vs 29% short. Sector exposures also crushed way down on the lower chart. Need to get Tech Trader automatically posting its own updates unless I want to become its coffee boy lol

SPY, for comparison (much more volatile and up only a few percent for the year):

62 unique view(s)

July 24th, 2015

July 24th, 2015 8:03:23 am
Posted by pftq | #

pftq (Official) says on The Tech Trader Wall...

Tech Trader again up while the market is down. Current portfolio is up .2% despite remaining intraday bottom signal positions in QQQ and SPY being down. Market is down over half a percent (SPY .5% and IWM .7%). Much of Tech Trader's performance today is again owed to being short names like ARRY, FCAU and HLT.

July 24th, 2015 9:31:44 am
Posted by pftq | #

pftq (Official) says on The Tech Trader Wall...

There are like 15 stocks being flagged as trendline breakdowns. Those aren't being traded but it gives you a sense of how weak the market is.

July 24th, 2015 12:56:44 pm
Posted by pftq | #

pftq (Official) says on The Tech Trader Wall...

The Fed accidentally leaks its own reports early again. What's wrong with these guys?
Fed Inadvertantly Publishes Staff Forecast...

Disclaimer: Any views expressed on this site are solely that of the individuals expressing them and do not constitute investment advice or recommendation. Nothing here is investment research or research recommendation. Nothing here is presented as material for purchase as a service, subscription, or product. Any information or opinion presented here is subjective, speculative, and have no representation for accuracy or completeness. No material presented here is audited or verified; nothing can be assumed to be true or reliable. Neither the individual expressing the view, opinion, or information nor anyone else on the site can be held liable for any direct or indirect use of the material here. Content on The Tech Trader Wall is operated and maintained by pftq LLC, which is responsible for all business and legal matters relating to Tech Trader.

© 2012 Tech Trader LLC and pftq | Do not copy or redistribute.
Follow via: Twitter @TechTraderAI | StockTwits @TechTraderAI

pftq's Stocks and Investing

Tech Trader

Virtual Trading System

August 19th, 2015

August 17th, 2015

August 15th, 2015

August 14th, 2015

August 13th, 2015

August 12th, 2015

August 10th, 2015

August 7th, 2015

August 6th, 2015

August 5th, 2015

August 4th, 2015

July 31st, 2015

July 24th, 2015