so that new sub system will on average add, so typically about 4 trades a year on average.  So not a ton, but helps. So that's 20 sub systems now, every bit helps

Longs:
QE BTS, QE big time swing 3, QE big time swing 3.2. QE Momo, RSI oversold, Strap Long, Bear Exhaust, Bullish Exhaust 1 and 2, Bear Long, Breakout Long, CCI Long, Trend Long

Shorts:|
QE Big Time Swing 3, Stoch Reversal, Stoch short 1, and 2, Hi/Mid/Lo Short, DVDS Short, Ehaust 1 and 2 shorts


guess the SPY system exited well then

aha ha ha, good point   

SPY System exiting at the close

Posted by matt on 23rd of Jul 2019 at 04:25 pm

aha ha ha, good point   

honestly I should have just

SPY System exiting at the close

Posted by matt on 23rd of Jul 2019 at 04:14 pm

honestly I should have just done that for the website, close out the option, but keep the ETF with a stop at break even since I think we push higher. oh well, at least we booked another one, that's 7 trades on ETF's and options or 14 total since May 8th.

yeah I booked em Danno

DFS reports tonight

Posted by matt on 23rd of Jul 2019 at 03:51 pm

yeah I booked em Danno

yet another option would be

SPY System exiting at the close

Posted by matt on 23rd of Jul 2019 at 03:42 pm

yet another option would be to close out the option trade since it's up 2.5 times the ETF. and keep the SPY  shares with a stop simply at entry price yesterday breakeven since the ETF isn't up that much. again depends on the size you did, I show 10K for simplicity, if you put 50K in it or 100K then you would have substantially more

DFS - Chart Link - nice move on DFS today

SAH follow up

Posted by matt on 23rd of Jul 2019 at 03:36 pm

SAH - Chart Link - didn't show this last night but was on watchlist all week last week so was still valid setup

PAVC follow up

Posted by matt on 23rd of Jul 2019 at 03:33 pm

PVAC - Chart Link - nice bottoming setup from last night's newsletter triggered today

SPY System exiting at the close

Posted by matt on 23rd of Jul 2019 at 03:32 pm

As you know yesterday we entered a new SPY System trade late morning via a new sub system I discussed in the weekend newsletter, and I also discussed yesterday in a follow up detailed email.

Anyway I know this is fast, but the system is closing out the trade at today's close.  This sub system has one of the shorter hold times, about 6 days on average, this one is only a day however realize that technically it would have entered on Friday, however I just coded the system conditions on the weekend and is why we entered it on Monday instead during the day. 

Also even though the SPY system is closing out today.   Another optionfor those who may want to continue holding the trade instead of closing it out  if you think the market will push higher (which I could see happening) a strategy for you to do is simply place a stop on SPY at a higher low such as $296.96 or place it at your entry price yesterday for break even.

for the SPY system even though it's closing out today.  Another option for those who may want to continue holding the trade instead of closing it out  if you think the market will push higher (which I could see happening) a strategy for you to do is simply place a stop on SPY at a higher low such as $296.96 or place it at your entry price yesterday for break even.

funny I get so many emails like this, guys writing it saying you have too many charts, can I subscribe only to the SPY system?  I say sure, that will be 300 for 6 months

here's an email from today in bpt support email....

"I would like to subscribe to the SPY System  only. Is that option available? Thanks"

They write back and say that's the same price as the 6 month membership, and I say yep.  It's like come on guys, the website membership is cheap enough already, 

don't trigger off weekly charts unless you have a big stomach, best to use smaller time frames

for me just for my time frame I like swinging SSO long off a 120 min chart, here's a 2hr chart of SPX and SSO. you can see I've been able to move stop up now 5 times, the last one was almost taken out but missed by a hair, new stop is 128.98 on SSO, or 2975 on SPX cash

BPT MA Deluxe on daily SPX and swing stops

Posted by matt on 23rd of Jul 2019 at 01:38 pm

I discussed last night but just in case it wasn't clear - the fast response BPT MA deluxe is green, as you know I use those for swing stops.  If the BPT MA fast response turns back green again, we get to set a 3rd higher low stop way up at 2960.  That doesn't have anything to do with the SPY system yet but it's something I'm exploring for a general overall trend system for the website, or combining trend with SPY system.  Anyway you can see the methodical nature

If SPY closes over about 298.9 it will close out

we have a lot of

Tom McClellan

Posted by matt on 23rd of Jul 2019 at 11:48 am

we have a lot of comparison charts like that: SPX vs SPXE, SPX vs XVG, QQQ vs QQQE, Large vs small caps etc

anyway I made my own chart to add to the list

https://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=1&mn=6&dy=0&id=p46680207800&a=677932486&listNum=27

AG triggered short

Posted by matt on 23rd of Jul 2019 at 11:32 am

AG - Chart Link - off the doji

AG - Chart Link - and the 60 min chart supported it

AN follow up

Posted by matt on 23rd of Jul 2019 at 10:43 am

AN - Chart Link - one from last week I forgot about Wow

Update: Banks are strong today

Banks are strong today

Posted by matt on 23rd of Jul 2019 at 10:39 am

Here's some bank stocks, honestly most have the same pattern, except PB has a coil

BOH - Chart Link

BBT - Chart Link

FITB - Chart Link

HBAN - Chart Link

PB - Chart Link

BXS - Chart Link

Newsletter

Subscribe to our email list for regular free market updates
as well as a chance to get coupons!