iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
22,445 Blog Posts

STOCKLABS IS NOW FLAGGING OVERBOUGHT

Quick update.

Stocklabs was oversold last week and today we just went overbought on the mean reversion algos. In the past OB was very bullish because we were in a bull market. The data is still encouraging. However, given we are in a bear market, I have my suspicions that the inverse of what used to be true is our new reality.

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