Be careful...no guaranty that USO doesn't go bye bye all together.  (See XIV)   https://www.forbes.com/sites/jimcollins/2020/04/20/the-us-oil-etf-uso-is-the-culprit-behind-oils-massive-plunge/#673ad0e124e8

Hi Matt, could you provide the googledocs link that you mentioned in the Wednesday newsletter?  Thanks for putting this together!

Thanks for the detailed update.  Crystal clear!

Question about XIV/VXX system draw down potential:

I seem to remember that there was a very large draw down on what ended up being a winning trade back in 07/08 when using SPY.  When I go to the SPY System Stats tab the chart is cut off at the Max Draw Down and the stats aren't visible.  I'm curious what the largest draw down on the SPY system has been and wondering if we could try to assume what a drawdown on XIV/VXX might be?  I bring this up because of the following article.  

http://www.zerohedge.com/news/2017-11-25/muir-traders-dont-understand-risks-shorting-vol

I know you've warned about not putting too much $ into trading these instruments and was wondering if you could comment on the article and potential implications of a move in XIV/VXX given the SPY system's largest draw down.

Thanks!

Thanks Matt,

I for 1 am excited about the changes of combining the systems into 1 new SPY Pro System.  You are spot on about everything.  Maybe you should keep this rant and pre-emptively post it every time a trade has a drawdown before people start complaining.

I've been in the boat that you are describing...taking some of the trades and not others (some of which were losers), 2nd guessing others (which were big winners), investing again with a smaller position (winner), going a bigger position on the next one (loser).  

Look, systems don't take the emotions out of it unless you have the discipline to trade the system....I've been "following" this system with one of my accounts since it came out....I'm up only a few percent while the system is up much more.  I updated my phone email address to alert me when I get emails from BPT.  I think that removing some of the complexity with going to 1 system will help to stay disciplined.  

Here's to 2016 and really following the system, every trade, every time, same allocation.

Looks like it's short...anyone want to confirm?

http://schrts.co/FttfpX

Would love to have this available to trade!

SPY - 30 Min Chart Link

It would be helpful to have a dedicated webpage, even with a simple chart, for the different "story stocks", what do you think?

Looks like this might be playing out?

Saturn, i'm really enjoying your analysis.  Whenever you post a chart could you also post a link to the chart along with the chart picture, so we can monitor the chart in real time?

Thanks!

Matt, could you comment?  There seems to be some confusion.  Did the SPY RSI2 and SPY VER2 take a long or add to the open position yesterday

Thanks!

Hi Matt,

Just wondering if you have or you might be planning to backtest results of the BPT MA Deluxe (Daily) on other indexes like Nasdaq and the Russel or others and provide an updated chart for those?  That way if we have funds dedicated to following the BPT MA Deluxe Daily it could be diversified.   Thanks for your thoughts!

still green

I know you said that the short closed out.  Question:  From the chart you posted the BPT Momentum turned Red.  Would that cause you to hold the short longer?

He said in the newsletter that he would be working on it for the rest of the year, which I took to mean until Jan 2014, not for another full year.

Looks like a good guide.  What about adding the BPT MA Deluxe to the equation as well?  Would that help or possibly muddy the waters?

Hi Matt, 

Does the XLE chart look like a bull flag forming?  Also the 9 EMA and the BPENER are beginning to pinch.  If so, would it be a decent look to go long on a KISS off of the 9 EMA as pointed out earlier on the chart?  Thoughts?

Thanks, very helpful!

If you were to go long here on the confirmed buy signal, where might some logical stops be?