This is an alert about BPT Mechanical Systems:

Hello everyone, wild volatility continues

Anyway regarding the mean reversion systems, yesterday the CCI system exited for nice wining trades, while the Bear Long system stayed long.

Today the Bear Long on both SPY and MES futures hit an intra day stop (called a fast stop).  That said, prices are currently above the price where the systems exited, on SPY it closed out at 521.02, and price is currently 524.58 therefore prices are MUCH better than where it exited.  One could simply close the trade out here or hold it longer if you think the market can work higher and simply place a stop.

For MES futures the system closed out at 5250, however price is now 5307 or 57 points higher.

What I'm going to do for the website is as follows: 

I'm exiting 1/2 of the SPY position, and keeping 1/2 with the stop.  For MES futures I'm exiting one of the contracts at current prices and leaving one on with a stop at 5260

on the attached image the bear long systems are at the bottom, while the CCI systems that closed out yesterday are at the top

Matt

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