Hey folks,

What is the max number of days StockCharts allows you to go back on the intraday 15 minute charts? 

Thanks

The Daily 5/3/3 STO on the SPX are overbought and in fact crossed so far today.  I would think it would be best to let the unwind.  

One thing I have noticed from the Weekly $NYSI is that when you get a "buy" signal you are usually very overbought at the time of the buy signal.  You get a pullback and then it heads up.  Hopefully this will be the case this time. 

I do not see the SPY and the GDX as being the same.  The GDX is a posted system and the SPY is a "black box" system that Matt owns.  I subscribed to get SPY "signals" and as long as I get those I am fine. 

bk, Don't we already get that information in the nightly and weekend newsletters?

They just corrected it to 1339.55 

I would be careful of using FreeStockCharts for intraday cash S&P Index.  The last 15 minutes are estimated and are not always correct. I have seen them off a couple points or more.  In fact, today is an example.  It is showing it just hit 1340.98 and to my knowledge it has not using a couple other data services.

They will come back and correct it later but you may have already used it as a trade signal.

Bill,

Well said!

Yojimbo,

With your appropriate correction, I get the following and I think it all adds up now.

UPDATED 6/11/2011

TRADE ENTRY : %WINNERS (# Winners/# Losers/# Breakeven)

Trade Entry #1: 90.4% (236/25/0)

Trade Entry #2: 93.5% (86/6/2)

Trade Entry #3: 93.5% (29/2/1)

Trade Entry #4: 100% (10/0/0)

I was showing each trades' winning percentage standing on its own.  

I went and looked at the multiple trades individually and their winning percentage if anyone is interested.  Not sure if it has been already posted this way.  I did not count the "breakeven" trades in the percentage.

TRADE ENTRY : %WINNERS (# Winners/# Losers/# Breakeven)

Trade Entry #1: 97.6% (163/4/0)

Trade Entry #2: 93.5% (86/6/2)

Trade Entry #3: 93.5% (29/2/1)

Trade Entry #4: 100% (10/0/0)

I went back and reviewed the posting but maybe I missed it.  Do we have a winning percentage for each of the entries?

Does anyone know if Rydex mutual funds usually fall under the same 3 day rule that most use?

CNBC shows 131.87

The more I think about it the most important TIMELY thing to be posted and updated is the "close at/above/below". So if the trade signal comes down to the last few minutes we can on our own watch (and closely so if it is another nail biter) the SPY price. This could be done for Long & Short Entries/Exits. I think it is unfair to Matt to hold him responsible to confirm a trade signal when it comes down to the last few minutes. As we have seen the "near" closing prices can differ from sources. As long as we have the "price needed" before the close we should have the responsibility to watch and even decide to trade or not if it is a close one.

I think here in the SPY blog in the sticky is a good idea. It is here in the blog where we talk about the price it needs to close around and the changes of such. I think one place that is updated very timely is best for the actual day of the signal or possibility of the signal. After the signal is 100% confirmed and obviously after the close sometime (before the next day maybe) then the SPY Current Trade page could be updated as a delayed 100% confirmation. One thing to think about on the EXIT on the LONG signals. Some people are trading mutual funds and they can only get out at the end of the day and not at the open. It might be a good idea to give the LONG signals EXITS "before" the close as well. Just something to think about.

Susan, I believe one (1) e-mini is about 500 shares of SPY. So yes, you are right from what I can tell.