Hello Everyone,
In tonight's newsletter the first thing I discuss is our SPY and ES systems, which continue to do extremely well; one of the SPY systems entered a short at yesterday's close and exited today. This collection of 21 systems do better in volatile markets and bear markets and this year so far there has been 27 trade signals for SPY and 23 trade signals for ES - I hope you guys have been taking these trades.
As far as the market it continues to trade in a range, that should resolve with a break out or a break down of this range at any time. Friday's CPI could be a catalyst.
Note: Both the VIX and SPX closed down today and we are starting to see an uncorrelation with the VIX and the SPX
As far as trade ideas - we managed to find a few nice ideas recently: BABA, PATH, KWEB, NTR, PHX
ultimately all paths eventually lead to lower prices regardless if the market breaks down down or a month from now at higher prices.
Matt
