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Hello everyone, so far a nice gap and go Trend Day for the market. 

FYI regarding the SPY systems, the QE BTS system exit this morning on the open, I elected not to take any of the SPY system trades off for the website because I thought today had the potential to be a Trend-type of day.  The Trend/Pullback has 2 versions remain long, one is exiting today at the close and one will continue to hold. The one that is let's call it Trend/Pullback RVM, meaning reversion to mean. The second we'll call Trend/Pullback RVM Swing, meaning it can at times try and hold for a longer trade

I'm electing to exit the other SPY system call options here, the 2nd entry 438 Feb call is currently trading for almost $37, was purchased for around $27,  and the 1st entry is trading at $26.9, purchased around $22.8 .  I'm going to go ahead and keep the ETF portion of the Trend/Pullback long. That said you could do whatever combination you wanted like selling 1/2 etc.

At the close only the Trend/Pullback system RVM swing will remain long and be the only SPY system that is long

That said, yesterday during the trading day I pointed out the symmetry break, therefore I can count that as the KISS system being back long with stop at the lows. I think a good strategy is the amalgamation of both the SPY reversion to mean and KISS trend systems. 

enjoy the rest of you day,

Matt

Providing high quality market analysis with an emphasis on technicals education since 2003.

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