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.

All three intraday bottom signals from the last couple days are working now.  All the more fun when the automation is actually trading calls and not just equity like the model portfolio is showing.


Individual names are doing ok today.  Took a big hit from shorting CRUS (down 17%) but other names like GRPO (+4%), HLT (+2%), etc are doing well enough to neutralize it.  Overall Tech Trader just killing it year-to-date, which really highlights how unique and "human" Tech Trader's trading style is given that a recent article just made the point that humans are beating most other computer-driven funds this year.


Also interesting to note that consumer is starting to take a lead from Healthcare for dominant driver of performance.  Again, none of this is coded.  Tech Trader just looks at individual names like a trader, but the macro themes arise on their own.

Getting an intraday bottom on SPY, so I'm expecting a bounce over the next day or so.

lol we actually have SPY down and IWM up right now.  Even if Tech Trader shorted SPY yesterday in addition to its long IWM, both would have worked out.

30-min bottom signal just picked up on IWM at $124.81.

Those ELNK July 8x calls from a couple weeks back are now ITM on day of expiration.  Such an insane trade.

Tech Trader again outperforming the market (SPY at .6%, TT at .7%) despite exposures being way down (long 60% and short 30%).  Biggest winner today is not even a long name but a short (GRMN down 8%).

RCPT breaking above $200.  Tech Trader making good calls here to stay long.

Tech Trader closed its last intraday bottom trades on the bounce today.  Looks like its back to chasing Healthcare names.  That sector is the primary source of P&L for Tech Trader today.  It's looking to add more names like STJ at the close.

Tech Trader up another percent today, a ton from the intraday bottom signals it picked up yesterday.

Tech Trader up 0.7% overall while SPY is pretty much flat.  Outperforming on both up and down days.  AAPL getting crushed in the tech sector, but Tech Trader's tech names are doing best today.



Also just rotated out of its XOP long position (3.8% gain) for more intraday bottom signals in FXI and XLB.  Still holding SMH on intraday bottom from a couple days ago.  Again, no daily or longer term positions yet from Tech Trader.  We're also not getting the usual orange bottom signals which are more potent and time sensitive; the red ones are less exact and more "wait-and-see" so it's another sign that Tech Trader is very cautious here.


https://stocks.techtrader.ai/?pair=FXI


https://stocks.techtrader.ai/?pair=XLB

Sell off today finally across all sectors in Tech Trader's portfolio and not just in Tech.


Still no daily bottom or RSI signals. I think that is most interesting and clearly shows how Tech Trader is different from quant or other algo systems. There are a couple 30 min bottoms (SMH today and XOP yesterday) but very timid compared to the massive cluster of daily time frame buys I used to see in 2012, 2013, 2014.

While all other algos might be buying the dip, Tech Trader is side-stepping this entirely and actually continuing to get shorter (64% net long now vs its 88% average).  Its performance despite being net long is barely hampered by the current sell off.

The sell off today, for Tech Trader at least, is almost exclusively the Technology sector.  Same as it has been for the last several weeks.  No other sector is moving anywhere near as much.


Re: consumer exposures, see below.  Even though the market is down a percent, the biggest gainers in the consumer sector are actually long positions.


More shorts lined up to be added today as well: CRUS, UL, etc.  It's also selling more longs again to further reduce net exposure.  Looks like Tech Trader is expecting a prolonged sell off here.