Six days ago, TNA flagged oversold inside Exodus — for its 12 month algo — a very rare high probability call.
How do the algos work?
They take numerous factors into account, judging the price action of the ETF, persuaded by price formation, volume, relative strength, and a sundry of external metric which I dubbed ‘sub rosa.’
The algorithms rank the ETF on 4 different algos, 3mo, 6mo, 12mo and all-time. The 12mo algo is the most reliable because of the data set, and also because it is the most relevant as far as recent price action is concerned.
For example, today’s market behavior is totally different from 2009 or 2012. The way the system works is it learns new levels, tracks price performance from those levels, and discloses them to members.
Here was the call.
As you can see by the historical price performance, the oversold signal is flawless over a 5 day time frame — for an average return upwards of 11%. Judging by today’s close above $111, the ETF is performing exactly as predicted.
Based on these numbers, TNA has more upside over the next 4 trading days.
The post Reviewing the Exodus Call to Buy $TNA appeared first on Trading with The Fly.
April 26, 2017 at 07:55AM
from Dr. Fly
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