IngenuityTrading

IngenuityTrading

Since the lows in March the Russell 2000 index has out preformed the SP500 by almost 40%! It is even up over 20% from the range highs in October. It has been a truly historic run but is now a good time to hedge or take profits? We are long equities broadly but have been hedging into the new year to preserve gains. You can never lose by protecting yourself. The...

IngenuityTrading

We are currently long the currency but we have arrived at the threshold point near the high of this recent range. We are playing for a continuation to take us to the 0.6900 area but we are aware that the model will give us signals near threshold points which normally align with major support and resistance levels. If net volume remains positive and we hold this...

IngenuityTrading

We were stopped out of our previous ZTO trade but we might have another opportunity here. It looks like the stock might reverse back into the previous range. You can see net volume beginning to trend higher as well. As long as the 26 area holds and china stocks stay strong broadly zto might be a good risk reward setup

IngenuityTrading

LVS appears to be holding strong above its range state with the potential to continue upward. If the vaccine gap holds, around the 52 area, and net volume remains positive then LVS looks like a solid breakout candidate.

IngenuityTrading Updated 

Ripple was the 3rd buy of the crypto space but has significantly lagged BTC and Litecoin. It still remains much higher then the previous range state but recent news hasn't helped the currency. Our model doesn't account for news stories so the recent SEC drama was never a factor in our decision making. If XRP cant hold 0.43 we are out of the position.

IngenuityTrading

The currency pair is hovering near a threshold point. Any solid break lower will bring it back into a range state toward the 72 area. If this recent continuation pattern is going to continue it needs to happen sooner rather than later. Broader risk trends like equity markets will have an impact so maybe the next move will be decided by how the stock market closes...

IngenuityTrading

We were burned holding CRM into earnings but price seems to be reversing back into the previous range. As long as it holds the 215 area, net volume trends higher, and the overall market holds up CRM could regain those earnings losses

IngenuityTrading

If the 151 low holds this is potential a great play back into the range area near the earnings gap at 206. As long the overall market holds up and volatility continues toward 20 and below SPLK might be able to make an advance

IngenuityTrading

Our range play has turned into a full continuation phase to the upside. We couldn't have predicted this strong of a bounce it has even outperformed AMZN. I could list a series of "fundamental stories" for why it has had a great run but when you trade with a model you don't have any. As long as shop holds above its previous range state and the net up vs down volume...

IngenuityTrading

VRTX has been inching closer to breaking out of its range state. With Biotech making new highs the stock should have flow tailwinds and any suppression of volatility in the market should be a positive.

IngenuityTrading

Stop: 3730.00 Just as with the DJIA the model is picking up a potential reversal back into the previous range. At minimum this will hedge our long stock exposure

IngenuityTrading

Stop: 30500 The model is picking up a reversal back into the previous range. Depending on the price at the open we will close all stock positions and wait to the volatility to subside.

IngenuityTrading Updated 

After getting stopped out once trying short earlier this month, our most recent short is finally making some progress. A reminder to stick to your process and always be patient. There is never anything wrong with being stopped out because it allows you to re enter a position at a better level no matter what your strategy is. Ingenuity Trading Model is an algorithm...

IngenuityTrading Updated 

Stop: 0.6885 First target: 0.7100 Adding to out long Canadian dollar exposure this time against the swiss franc. Our model continue to point to further gains and possibly a breakout higher out of this range it has been in for months now. Ingenuity Trading Model is an algorithm used in- Stock, Forex, Futures, and Crypto markets. The model is a Geometric Markov...

IngenuityTrading Updated 

Stop: 1.7300 Looking for the down wave to continue and test recent lows Ingenuity Trading Model is an algorithm used in- Stock, Forex, Futures, and Crypto markets. The model is a Geometric Markov Model : Focuses on reversal and continuation wave structures In probability theory, a Markov model is a stochastic model used to predict randomly changing systems....

IngenuityTrading

The jets etf and many of the airlines within it have broken out of there previous range state and now appear to be in an expansion or continuation phase. If price can hold above 20 then you can imagine the next move for the sector is back toward 2020 highs.

IngenuityTrading

As we normally do with winners its time to trim profits and remove any potential downside. Crypto has broken out across the board and now we can just watch to see how high the tree will grow

IngenuityTrading

As FXI enters back into its previous range this could be setting up for a continuation to new highs. The previous range was over 4 months and this is the first retest so barring a downtown in global markets the index should at minimum see a bounce