Robot Rally: Monday's Trading Bots Surge Over 1% in Sync with Major Indices
Stocks wrapped up another positive session on Monday as hope grew that the Federal Reserve would hold off on a rate hike at its upcoming meeting, which begins on Tuesday. The S&P 500 and Nasdaq Composite surged by 0.93% and 1.53% respectively, reaching their highest levels in 13 months. The Dow Jones Industrial Average added 189.55 points, or 0.56%. Almost all of our robots showed positive performance yesterday, as there was broad-based stock growth, resulting in gains of around 1%. Noteworthy performers were the robots from the links:Choppy-Market-Trader-Popular-Stocks-4K-per-position-Market-Neutral-Strategy-TA-FA andSwing-Trader-2-5K-per-position-High-Volatility-Stocks-for-Active-Trading-TA-FA.
These developments bolster Wall Street's hopes that sticky inflation continues to ease, raising expectations for interest rate cuts that many have already factored in. According to the FedWatch tool by CME Group, 78% of traders are betting on a pause. However, another rate hike in July is not ruled out.
Swing Trader ($2.5K per position): High Volatility Stocks for Active Trading (TA&FA)
This AI Robot caters to traders who prefer trading high volatility stocks with limited losses during downtrends. It utilizes technical indicators to identify reversal points, balancing short and long positions to prevent prolonged drawdowns.
With a risk management strategy suited for a $100,000 trading balance and $2,500 position size, traders can adjust their balance, which proportionally adjusts the position size. The robot is ideal for active traders capable of tracking multiple trades simultaneously. Trades typically last one day, optimizing capital utilization and avoiding extended commitments.
Stock selection involves assessing momentum strength and quality using a proprietary method developed by quants. Entry points are determined by a complex algorithm incorporating technical indicators processed through neural networks.
The robot sets a fixed 3.5% "Take profit" order and uses a fixed 3% stop loss alongside a flexible trailing stop for position exits, allowing traders to secure profits if the market reverses.
Detailed trading statistics and equity charts are available on the robot page. The "Open Trades" tab shows equity selection and paper trade entries and exits, while the "Closed Trades" tab presents all prior trades executed by the robot.
SPY in downward trend: price may drop because broke its higher Bollinger Band on October 11, 2024
SPY broke above its upper Bollinger Band on October 11, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options. The A.I.dvisor looked at 38 similar instances where the stock broke above the upper band. In of the 38 cases the stock fell afterwards. This puts the odds of success at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The 10-day RSI Indicator for SPY moved out of overbought territory on October 15, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 49 similar instances where the indicator moved out of overbought territory. In of the 49 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 68 cases where SPY's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
The Momentum Indicator moved below the 0 level on October 25, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on SPY as a result. In of 65 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for SPY turned negative on October 23, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 51 similar instances when the indicator turned negative. In of the 51 cases the stock turned lower in the days that followed. This puts the odds of success at .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where SPY declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
Bullish Trend Analysis
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where SPY advanced for three days, in of 374 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 455 cases where SPY Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
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