Hello and good morning everyone. I already discussed all this in my weekend newsletter, this is regarding the open trade on the SPY systems, the QE BTS. The RSI Oversold and Trend/Pullback original also have open trades but I only communicated them, we did not officially take those. 

This morning on the open the QE BTS system is going to cash. The exit signal was actually generated on Friday via the close over a short term MA, however this particular system exits on the following day's open instead of the close that day. 

That said, because the RSI oversold system remains long, as well as the original Trend/Pullback, I've elected to only sell 1/2 of this position and keep 1/2 since the other systems remain open.  However should you wish to only follow what the QE BTS is doing or if you are nervous (the SPX is still struggling to get back over its 200 day MA), it is exiting today on the open so you could elect to just follow it and be back to cash.

In the future I may elect to issue trade signals for all the sub systems on SPY and ES. This would give us more options, and would also pretty much eliminate trades overriding the systems like I just did since we would have more trade opportunities.  For example, last week I had 3 ES systems longs, two of which closed out on Friday for nice days, the CCI Divergence and the Bull Exhaustion 2 - these were also systems that the SPY systems failed to catch. All the sub systems are meant to stand on their own so in the end that may make the most sense. However realize collectively with the ES and SPY there would be roughly 40 systems, though many of them would end up doing the same or similar trades. 

anyway let's see what transpires today.

Matt