The SPY Pro system may take long trade today, but only if we
sell off again and close near or below the lows from mid day, this
would also be the case for the SPY Ver 2 as well. The SPY
RSI 2 system probably needs lower prices. As of this moment
in time, none of the systems would enter a long if we closed right
there, lower prices are needed, this is just an early warning.
Also the DVY RSI 2 system is no where close and would need a
substantial sell off to take a long.
if you are playing the systems, it's generally best to play all
three SPY systems and the DVY system together for diversification
purposes vs just the SPY Pro system on its own.
If the systems decide to do a trade I'll let you know.
I can't tell you exactly right now, depends where certain
indicators are and that will change price as time goes on, if the
trigger shows up later here I'll be able to give a more concrete
price
yeah most self directed IRA accounts can be traded after hrs if
you simply call them they can turn the option on for you, you can't
short but you can trade after hrs like with Fidelity etc. If
your's is not tied to a company that you still work at and you
can't do this, then consider switching to one that is less
restrictive.
SPY systems Update
Posted by matt on 24th of Mar 2014 at 01:45 pm
The SPY Pro system may take long trade today, but only if we sell off again and close near or below the lows from mid day, this would also be the case for the SPY Ver 2 as well. The SPY RSI 2 system probably needs lower prices. As of this moment in time, none of the systems would enter a long if we closed right there, lower prices are needed, this is just an early warning.
Also the DVY RSI 2 system is no where close and would need a substantial sell off to take a long.
if you are playing the systems, it's generally best to play all three SPY systems and the DVY system together for diversification purposes vs just the SPY Pro system on its own.
If the systems decide to do a trade I'll let you know.
BPT MA Deluxe Status
Posted by zpbsfg on 24th of Mar 2014 at 03:07 pm
I know Steve posted the 60 minute SPX turning red, are any other time intervals also red right now?
Both are green at present
Posted by steve on 24th of Mar 2014 at 03:19 pm
Both are green at present time (Daily and 60)..they are dynamic
Matt, What SPY close would generate
Posted by jdeen on 24th of Mar 2014 at 02:34 pm
Matt,
What SPY close would generate a buy signal in the SPY Pro System? Thanks again for all the great work.
I can't tell you exactly
Posted by matt on 24th of Mar 2014 at 02:38 pm
I can't tell you exactly right now, depends where certain indicators are and that will change price as time goes on, if the trigger shows up later here I'll be able to give a more concrete price
Well looks like no trade
Posted by matt on 24th of Mar 2014 at 03:31 pm
Well looks like no trade today unless things totally unraveled the last 30 min which I doubt
Matt, Thanks for staying on top
Posted by jdeen on 24th of Mar 2014 at 03:51 pm
Matt,
Thanks for staying on top of the market. I really appreciate the update @ 3:30. My 401K trades have to be placed prior to 4:00.
yeah most self directed IRA
Posted by matt on 24th of Mar 2014 at 03:52 pm
yeah most self directed IRA accounts can be traded after hrs if you simply call them they can turn the option on for you, you can't short but you can trade after hrs like with Fidelity etc. If your's is not tied to a company that you still work at and you can't do this, then consider switching to one that is less restrictive.
Title: I use Fidelity Brokers
Posted by hweinstein4 on 24th of Mar 2014 at 03:55 pm
I use Fidelity Brokers trading in my IRA and I am very happy with them. HW1nyc