Hello everyone, as you know, very very nasty day in the market, but no one should be surprised, Steve and I both have been very cautious on the market since last week and Steve was very bearish in his Tuesday newsletter with lots of inverse market ETFs and Short trade ideas, hopefully some you played them such as ERY, SDS, QID, etc.

Anyway the SPY Ver 2 system will be taking a long position today at the close.  Please note that this system scales in, thus it will only be buying 60% of its position today, and it can add another 40% at lower prices.  

Regarding the other systems, the SPY RSI 2 system is flat and will remain flat, a filter kicked in that prevents it from going long.    The DVY RSI 2 system is also flat, however it may take a long position if it continues selling oww.  

Unfortunately the SPY Pro system took a long trade on Tuesday, however that's why I suggest that if you play the systems, play them all because what happens sometimes is during times like this the SPY Pro system may enter too early however the SPY Pro and Ver 2 systems enter at better prices thus allowing you to average in.  Also systems like the DVY system have tight stops of 4%. Also play some of our trade setups, we've had very nice ones, and some great shorts recently.  So if you had some SPY Pro, you would have nice trades in shorts to offset it.   These reversion to mean systems have a high winning percentage, but where they can break down is when the market first begins a stronger downtrend. Our trending indicator the BPT MA Deluxe has caught most of the trends well

I will update the trade stats after the close.

Anyway here's some links to the website where these systems are discussed, many of you asked about stops etc and these are discussed in these sections.

SPY Pro system overview page -  Click here,  a hard stop is listed as well as other information

SPY Ver 2 system -  CLICK HERE  - hard stop and other information is listed

SPY RSI 2 system -  Click HERE