What that code represents is one of our quant sentiment-based trading signals telling us to buy BAC (Bank of America) and hold for a week. The stock is currently up 9.76% today.
Yesterday we noticed our sentiment cluster showing GDX (Gold miners) as overbought and KBE (Banks) as oversold. Both of these have mean reverted. The current environment is excellent for mean-reversion based strategies.
In September we're launching a new newsletter in which we will be distributing our trading signals before the market open.