With the trading signal moving from extreme oversold to neutral the Beehive trading system issued a market long position today on the close.  This is the 3rd signal this year with two signals issued in January both with gains.

The entry was bases on a close of the S&P 500 above 1069.36 today.  This moved the over oversold indicator from negative territory to neutral which is a trigger for a buy.

Beehive is an adaptive mechanical trading systems that evaluates recent market trading patterns and cycles and weighs in sentiment data to determine the likely hood of a successful trade.

There are no stops in the Beehive trading systems as the market is evaluated each day for the best exit.  A bad entry might be held for several days until a better exit is found, even if the exit is a loss.   Each day a target value for the S&P500 will be published for closing an open trade.  There may be some days where mathematically a closing value can not be found.  This will be indicated by 2pm.

It is possible to outperform Beehive by knowing ahead of time if Beehive is going to issue an opening and closing trade.  All efforts are made to publish Beehive’s sentiment by 2pm each day.

The current trade looks like: