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