Matt, I appreciate all you do with the SPY PRO SYS!! These
are very unusual times and no system can get it right all the time.
Overall the SPY PRO has done a great job in reversion to mean
trades. I can understand why it is hard on you lately but you
are not the market and we all understand the risk and if we don't
we should not trade it. Please keep the SPY PRO.
Thanks for the SPY stats with draw downs and your comments in
the newsletter. It all is very helpful. You have given more
info to back the great system you have even with the draw downs.
Thanks again.
Here are some stats on the S&P500 on a monthly chart and the
lower Bollinger Band as a target when a >10% correction happens
in less than 2 months or in a few weeks like just happened since
1982. As you can see there can be quite a wide variance in a
target however percentage wise with the average error factored in
it gets you in the ballpark. Thankfully this has happened
only 12 times in 38 years. In FEB 2020 at one time the
S&P500 monthly candle was greater than 50 point above the
upper Bollinger Band a clear sign that a consolidation at a minimum
was at hand. Funny on how a 50 point (1.5%) gain was a great day
for the market, just a little perspective.
Thank you for your work and staying calm in the middle of a
storm. No one likes the past week of carnage and you both
have been honest about the condition of the market. I like the SYS
PRO SYM even with the current draw down I am experiencing. Keep it
as is. There is no HOLY GRAIL and if this is the 5% that it
maybe does not work so well so be it, however the trades are still
open and no one knows the future. That is why you trade the
plan.
Nicely said. BPT is a great website and teaches you to
trade. The SPY system is what brought me here and all
the education is a big plus. Thank you Matt and Steve for all
you do. I do trade and listen and rarely post. If someone
can't afford $50/mo for this information and the SPY system they
don't have enough money to trade in the first place. Yes I work a
full time job and it requires constant travel. Keep up the
good work.
Sorry the last part got cut off. The 1989 and 1990 daily chart
showed a trend line or support broken well ahead of the major
selling. Most all major selling has warnings on the daily
chart for 3-8 days. The real questions is, will I or anyone else
heed the warnings? Matt and Steve where not bullish Monday,
Tuesday or Wednesday but rather cautious, I think because
that is what the chart and not emotions or predicting, showed.
I believe Matt and Steve are professional and good teachers
of the market.
Yes a weekly chart does however look at the daily chart and 4 ma
configuration there were 5 to 8 days of outside the upward trend
and outside of a wedge pattern for the 1987 chart. 1989
Hi Matt, I have been with BPT since last summer. Great
service of education and trade ideas and SPY system and yes I did
get imploded with XIV in about 5% of my money. That is my
responsibility as every trade is. Both you and Steve are and were
very profesional and of character over the XIV. If I remember
correctly a member traded XIV on his own modified SPY PRO system
and shared that with you, then you are the one who looked at it and
then added it and took responsibility although it was not your idea
to start with. That is character and responsibility and not a
politician. The SPY PRO is your system that you offer. Thanks
for your work and help (Steve too). Stay focused on what you offer
and it seems that a few are trying to let their tails wag Break
point. Stay the course.
John, Place a conditional order, order triggers order as
it is called at Fidelity. Place a buy order with a condition
"stop price" at the trigger price (meaning it won't buy unless the
price moves up to that price). On the same order you place another
order that only is triggered or comes into play if the first order
is filled, on this order you place a sell order with a stop price.
It could be a trailing stop as well so if it goes up and reverses
during the day you could lock in some gains.
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:15 chart
How is the GDX/GLD ratio looking today ?
Posted by bk1976 on 1st of Feb 2022 at 03:47 pm
:15 chart
NFLX aftermarket at 406 at
NFLX OuchhhhhhhhhDown 95 after hours at 200 WEEK MA
Posted by bk1976 on 20th of Jan 2022 at 04:42 pm
NFLX aftermarket at 406 at 4:41 which was last seen May of 2020 well over a year and a half ago. No buy and hold for my account.
VIX is uncorrelated again at
Posted by bk1976 on 8th of Nov 2021 at 10:48 am
VIX is uncorrelated again at -.52 and VVIX is 110.85 will see how the day plays out.
VVIX now at 109.16
Posted by bk1976 on 14th of Apr 2021 at 02:57 pm
VVIX now at 109.16
VVIX closed at 109.90 it
Posted by bk1976 on 17th of Mar 2021 at 04:46 pm
VVIX closed at 109.90 it will be interesting to see when it move back above 110 the VOMMA zone and how the market will react.
Matt is the SPY short
Posted by bk1976 on 13th of Nov 2020 at 04:26 pm
Matt is the SPY short trade still one, as the post has dropped out?
Matt, I appreciate all you
Posted by bk1976 on 11th of Jun 2020 at 11:06 pm
Matt, I appreciate all you do with the SPY PRO SYS!! These are very unusual times and no system can get it right all the time. Overall the SPY PRO has done a great job in reversion to mean trades. I can understand why it is hard on you lately but you are not the market and we all understand the risk and if we don't we should not trade it. Please keep the SPY PRO.
I am so sorry to
Posted by bk1976 on 30th of Mar 2020 at 02:24 pm
I am so sorry to hear of your loss Steve. You and your family our in my thoughts and prayers. Take the time your family needs.
Thanks for the SPY stats
Posted by bk1976 on 3rd of Mar 2020 at 10:17 pm
Thanks for the SPY stats with draw downs and your comments in the newsletter. It all is very helpful. You have given more info to back the great system you have even with the draw downs. Thanks again.
Great newsletter, at 9:04pm central
Posted by bk1976 on 1st of Mar 2020 at 10:04 pm
Great newsletter, at 9:04pm central time future are up S&P +27
Sorry for the huge post.
Posted by bk1976 on 29th of Feb 2020 at 10:26 pm
Sorry for the huge post. The drop upload didn't work for me.
MONTHLY DATA of S&P500 corrections of
Here are some stats on the S&P500 on a monthly ...
Posted by bk1976 on 29th of Feb 2020 at 10:16 pm
Here are some stats on
Posted by bk1976 on 29th of Feb 2020 at 03:46 pm
Here are some stats on the S&P500 on a monthly chart and the lower Bollinger Band as a target when a >10% correction happens in less than 2 months or in a few weeks like just happened since 1982. As you can see there can be quite a wide variance in a target however percentage wise with the average error factored in it gets you in the ballpark. Thankfully this has happened only 12 times in 38 years. In FEB 2020 at one time the S&P500 monthly candle was greater than 50 point above the upper Bollinger Band a clear sign that a consolidation at a minimum was at hand. Funny on how a 50 point (1.5%) gain was a great day for the market, just a little perspective.
Thank you for your work
Posted by bk1976 on 28th of Feb 2020 at 01:06 pm
Thank you for your work and staying calm in the middle of a storm. No one likes the past week of carnage and you both have been honest about the condition of the market. I like the SYS PRO SYM even with the current draw down I am experiencing. Keep it as is. There is no HOLY GRAIL and if this is the 5% that it maybe does not work so well so be it, however the trades are still open and no one knows the future. That is why you trade the plan.
The chart settings and chart
NYMO and McClellan
Posted by bk1976 on 27th of Jan 2020 at 10:54 pm
The chart settings and chart legend show the standard setting of 20day moving average and standard deviation of 2
Nicely said. BPT is a
email I received
Posted by bk1976 on 2nd of Jul 2019 at 02:09 pm
Nicely said. BPT is a great website and teaches you to trade. The SPY system is what brought me here and all the education is a big plus. Thank you Matt and Steve for all you do. I do trade and listen and rarely post. If someone can't afford $50/mo for this information and the SPY system they don't have enough money to trade in the first place. Yes I work a full time job and it requires constant travel. Keep up the good work.
Sorry the last part got
This scares me.
Posted by bk1976 on 25th of Mar 2018 at 03:30 pm
Sorry the last part got cut off. The 1989 and 1990 daily chart showed a trend line or support broken well ahead of the major selling. Most all major selling has warnings on the daily chart for 3-8 days. The real questions is, will I or anyone else heed the warnings? Matt and Steve where not bullish Monday, Tuesday or Wednesday but rather cautious, I think because that is what the chart and not emotions or predicting, showed. I believe Matt and Steve are professional and good teachers of the market.
Yes a weekly chart does
This scares me.
Posted by bk1976 on 25th of Mar 2018 at 03:23 pm
Yes a weekly chart does however look at the daily chart and 4 ma configuration there were 5 to 8 days of outside the upward trend and outside of a wedge pattern for the 1987 chart. 1989
Hi Matt, I have been
SPY system stuff
Posted by bk1976 on 20th of Mar 2018 at 04:16 pm
Hi Matt, I have been with BPT since last summer. Great service of education and trade ideas and SPY system and yes I did get imploded with XIV in about 5% of my money. That is my responsibility as every trade is. Both you and Steve are and were very profesional and of character over the XIV. If I remember correctly a member traded XIV on his own modified SPY PRO system and shared that with you, then you are the one who looked at it and then added it and took responsibility although it was not your idea to start with. That is character and responsibility and not a politician. The SPY PRO is your system that you offer. Thanks for your work and help (Steve too). Stay focused on what you offer and it seems that a few are trying to let their tails wag Break point. Stay the course.
John, Place a conditional order,
Alerts vs Buy Stop orders for entries?Great video on position ...
Posted by bk1976 on 12th of Mar 2018 at 10:41 pm
John, Place a conditional order, order triggers order as it is called at Fidelity. Place a buy order with a condition "stop price" at the trigger price (meaning it won't buy unless the price moves up to that price). On the same order you place another order that only is triggered or comes into play if the first order is filled, on this order you place a sell order with a stop price. It could be a trailing stop as well so if it goes up and reverses during the day you could lock in some gains.