Last year the oversold signals were popping off with alacrity. The way the algos work is to constantly adapt to the present and because of that — we’ve seen ZERO oversold signals since 9/23/22.
At the moment, our short dated (3mo) algo is the active one — registering 3 OS signals for the year so far.
It’s worth noting, ALL THREE made money for those adhering to the discipline.
Above are the mean reversion OS for the technology sector. We are currently in an OS cycle, as the system flagged it two days ago for the 3mo. It’s worth noting for those who have no idea what the fuck I am talking about — this has been my time machine to buy the blood since 2008. The mean reversion algos have been excellent in picking up on panic and discerning whether the levels of panic are sufficient to consider it to be oversold or not. Since we haven’t had a 12mo signal in quite some time, we are definitely in a period of adjustment — some might call it a bull market. Even so, soon the average scores will increase to the point that the OS will be shallow enough to start spitting out signals on a regular basis again.
My best guess — this should happen by summer.
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O/S signal is my favorite feature in S Labs. Even then I consistently fail to scroll down to look at it by sector. Thanks for the reminder.
(have a great vacay)