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Hello Everyone and happy Monday, as you know the market is having quit the rebound today. Anyway regarding the open reversion to mean long trades on ES and SPY, these will be exiting today.

What's nice is that all the open systems are now nicely profitable, even the 1st entries on Bear Exhaustion and QE 3.2!  

Trade Details:

SPY Systems:  The Bear Exhaustion and QE 3.2 are both exiting their longs today. 

ES Systems: The Bear Exhaustion and QE 3.2 are both exiting their longs today. 

The trades are all nicely profitable and if you want to follow the systems exactly you would also exit. 

However for the website I'm electing to sell the first entries on these systems and 1/2 of the 2nd entries to hopefully get a bit more out of them. We'll see if that ends up being the right or wrong decision, otherwise we are locking in nice gains and reducing risk regardless. Also exiting all of the SPY call options

Also as a side note the SPX daily KISS, which was showing a long today, has now disappeared, see last image

Matt

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

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