Yes, I was going to suggest you get a list of all credible Fundamentals and run them through your Computer banks. If a dumb bugger like me can do it, you with your 4 storey computer bank should be able to.
actually, i have been working on a project to sell puts on high cap stocks in optionable indexes on major spikes down then if exercised sell calls until i get exercised. i can put some sort of fundamental filter in there to see the effect. but guys like me believe that the price of something says everything about it - the market is so efficient that there are few bargains. what really exist is panic, greed and herd mentality. when i traded bonds i never listened to anything and was high 60% win just using price action. i was always in the market long or short, my trades lasted on average 1.3 days and i did well. clients would constantly bitch about impending news and bla bla bla i got so sic of their shit.
Where is your edge using data that is readily available to everyone else? That is the problem with fundamentals is that somebody, somewhere has access to that data before you do.
I believe big Funds have a massive advantage in more access to Information already. Like a top Economist can predict the Economy based on current Data AND Models extrapolating that out, their ability to UTILISE that greater Information better will only improve that "extrapolation". Economics and Accountants are already making greater strides, that will only improve with A.I..
A causes B causes C, on and on it goes. A.I. will improve that chain of reactions accuracy. It should improve T.A. too.
People have been saying this since 1910. Have you ever seen a rich economist or accountant. Are Jerome Powell, Larry Summers, Christine Lagarde, Mario Draghi super rich traders who knows the future, There's theory mixing and jiving with reality. Which is rather an art to understand and trade
Paul Tudor Jones, Stanley Drunkenmiller, George Soros, Mark Minervini, William O'Neil David Ryan ... The list of rich "techno-fundamentallists" is endless.
^^^ add the Mickey to that list. I believe he's also a "techno fundamentist" too. @MarkBrown soon to become one!
FA, other than day of release - such as CPI/NFP/Etc, is almost completely useless for daytrading. Longer term it definitely helps in synching up with TA. Having said that, Price still rules.
This site should be renamed to EliteDayTrader.com so that everyone is on the same page, mindset, ideology, perspective, timeframe. It's kind of hard to talk if some people are EliteInvestor or EliteSwingTrader or EliteTheory or ElitePaperTrader