shows the reversion to mean systems in trades;

SPY systems:

- bear long exited on ES yesterday as we know.
- bear long is going to exit today on SPY! So if you want to follow the system exactly you would exit and lock in a loss for this trade. Other options would be if you wanted to split the difference and exit 1/2 and then keep 1/2 with a stop at today's lows. That said, I'm electing to to exit 1/2 and keep 1/2 since the market is quite oversold here and bounced off the lows. PCE data tomorrow

- QE 3.2 no changes here, we locked in 1/2 gains yesterday
- Going long 1st entry for the Bear Exhaustion for SPY (we'll take 10K SPY and 1 SPY call option Dec 16th expiration, 352 strike)

ES systems:

- bear long exited on ES yesterday and we did as well
- Bear Exhuastion -we sold 1/2 yesterday no changes here