As you know the SPY system still remains long, it went long too
early while the SPY Ver 2 and SPY RSI 2 and DVY RSI 2 systems
closed out nice winning trades last week.
- SPY Ver 2 system may take a long at the close, right not it
appears that if SPY closes below a price of -$199.58 the system
will go long, however since there's still hrs to to in the trading
day that price can and will change some. IF the conditions
are met, the system would take a 60% partial position. The
system would take the other 40% position at 0.5% better prices or
better
- SPY RSI 2 system looks like it's going to take a long trade at
the close as long as RSI 2 remains below 10%, so that's your guide.
IF the conditions are met, the system would take a 60%
partial position. The system would take the other 40%
position at 0.5% better prices or better
If these trigger I will send out a confirmation end of day and
also update the trade list section
CLICK HERE
- Also the BPT MA Deluxe turned red this morning, unless we
rally back it will probably stay red. However remember this
is not a system, it's a trending indicator and had trouble dealing
with this crazy market volatility over the last 1.5 months, which
is common sense and I've discussed this.
A few non-system points: As you know the market is
extremely volatile here and a lot of market moving news, for
example last night the ECB and Swiss news etc. Also the SPX
has the 200 day MA not not far below, therefore unless the market
bounces from here soon, that maybe be a target to the downside.
Systems are systems, what you do is up to you, I'm simply
reporting them.
Hello everyone, I hope all is well. This is an update to
the trade status for the SPY Mechanical systems: SPY Pro, SPY
Ver 2, and SPY RSI 2 systems that are all currently in long
trades.
The SPY Ver 2 system has been long since Jan 15th from a price
of $199.02. If the market holds up today and if SPY can close
above the 8 day simple moving average (SMA), an exit signal will be
generated for this system. However the system would NOT exit
today at the close, it would exit tomorrow morning on the open and
would go to a cash position.
SPY Pro system like the SPY Ver 2 system would also exit
tomorrow morning on the open should SPY close above its 8 SMA. This
system went long too early as you know, back on Dec 30th at a price
of $207.6.
The SPY RSI 2 system (like the SPY Ver 2) has been long since
Jan 15th from a price of $199.02. If the market holds up
today and if SPY can close above the 9 day simple moving average
(SMA), an exit signal will be generated for this system.
However the system WOULD EXIT TODAY AT THE CLOSE! and go
to a cash position, unlike the other two which will exit tomorrow
morning on the open.
If the exit condition is met today the SPY Ver 2 and RSI 2
systems will close out very nice winning trades.
These last trades show why I think it's best to play all three
of the SPY systems (SPY Pro, SPY Ver 2, SPY RSI 2) vs only playing
the SPY Pro system as some of you do, because if you play all three
of you you get a diversification, and in this case you can see that
clearly the SPY Ver 2 and RSI 2 systems went long at a much better
price of $199.02 vs $207.6 or about $8.6 points better! You
may ask, how could I trade all three systems at once? Well
that's easy, it's all SPY, so the math works out, just fine, simply
allocate the the % of the capital that you set aside to trade for
each system.
CLICK HERE to see the trade history of all the systems
I will send out a confirmation email later day. However
you can watch this on your own:
For the SPY Pro and Ver 2 systems watch the 8 day SMA, price
needs to close about that MA, currently it's at $201.93. For
the SPY RSI 2 system, it uses the 9 SMA which is currently at
$202.37 - currently SPY is trading at $202.98. So you can
simply monitor those MA's on your own.
Also news wise remember we have the ECB coming out about an hr
before the market opens tomorrow.
Trade Confirmations - with the pushing up into the close the SPY
RSI 2 system is closing it's long trade out at the close for a nice
winning trade. The SPY Pro and Ver 2 systems will close out
of their long trades tomorrow morning on the open, NOT at the close
today, only the RSI 2 system is exiting at the close.
Trading in the QE world with banksters running the show, and
leaking sh** off ... sometime feels like being stuck making
bets on a boxing match with Don King as the promoter ...
:D
Too bad for the gap fad in the market so far, initially the
market was up on the gap and the SPY Ver 2 and SPY RSI 2 systems
were giving an exit signal - remember my comments on Friday at the
close that all these two systems needed was a close above their 8
and 9 day short term moving averages in order to get a exit signal,
that signal was being met this morning, however now that price has
pulled back it is back below these MA's. Again it's very
early still, however so far not good action. I was hoping
these systems could just close out of their positions today and be
done with it, we'll see how the rest of the day goes
That market has come back enough that the SPY Ver 2 and RSI 2
systems may still get a chance to exit.
SPY Ver 2 needs a close over the 8 day SMA - which right now is
202.31, price is 202.1
SPY RSI 2 needs a close over the 9 day SMA - which right now is
202.30
If price manged to close over the MA's, the RSI 2 system would
close the trade out at the close and go to a cash position. The SPY
Ver 2 system however would exit tomorrow on the open, NOT at the
close today like the SPY RSI 2
Regarding the SPY Ver 2 and SPY RSI 2 systems that went long
yesterday, in order for them to get an exit signal and close out of
their trades, SPY needs to close over the short term MA's that the
systems watch:
- SPY Ver 2 needs to close over the 8 day SMA before an exit
signal can be generated
- SPY RSI 2 needs to close over the 9 day SMA before an exit
signal can be generated
so we need at least another up day in order for this to occur,
even though the SPX is up 17 points today, that's not enough since
price was so stretched to the downside.
I sent out an official email for the systems - with the strong
close and the fact that the 8 and 9 day MA's will automatically
drop on Tuesday even if the market closed flat because they are an
average, there's a good chance these systems will get an exit
signal on Tuesday as long as the market is slightly up or even
pretty flat, in other words, it won't take much to get an exit
signal.
I realize that it might have been kind of scary gong long
yesterday as there were concerns that the market could gap down
this morning, but last night when I started thinking about it, I
realized that the market was down 5 days in a row something that
didn't happen all last year (3 down in a row was the max), we had
OPEX today, and a holiday on Monday.
I didn't go long SPY yesterday at the close because I was
worried that price might gap down this morning and I even carried
some some shorts coming into today, however I covered them in the
morning when the market was down and started to reverse and played
longs today in SSO
Yesterday there was legitimate concerns that the market could
gap down today so once it opened and wad down slightly and started
to reverse one could have jumped on board this morning for even
better prices than what the systems went long at yesterday
FYI - Possible System trades today
Posted by matt on 15th of Jan 2015 at 02:06 pm
As you know the SPY system still remains long, it went long too early while the SPY Ver 2 and SPY RSI 2 and DVY RSI 2 systems closed out nice winning trades last week.
- SPY Ver 2 system may take a long at the close, right not it appears that if SPY closes below a price of -$199.58 the system will go long, however since there's still hrs to to in the trading day that price can and will change some. IF the conditions are met, the system would take a 60% partial position. The system would take the other 40% position at 0.5% better prices or better
- SPY RSI 2 system looks like it's going to take a long trade at the close as long as RSI 2 remains below 10%, so that's your guide. IF the conditions are met, the system would take a 60% partial position. The system would take the other 40% position at 0.5% better prices or better
If these trigger I will send out a confirmation end of day and also update the trade list section CLICK HERE
- Also the BPT MA Deluxe turned red this morning, unless we rally back it will probably stay red. However remember this is not a system, it's a trending indicator and had trouble dealing with this crazy market volatility over the last 1.5 months, which is common sense and I've discussed this.
A few non-system points: As you know the market is extremely volatile here and a lot of market moving news, for example last night the ECB and Swiss news etc. Also the SPX has the 200 day MA not not far below, therefore unless the market bounces from here soon, that maybe be a target to the downside. Systems are systems, what you do is up to you, I'm simply reporting them.
Matt
Title: SPY Mechanical Systems update Hello
Posted by matt on 21st of Jan 2015 at 01:06 pm
Hello everyone, I hope all is well. This is an update to the trade status for the SPY Mechanical systems: SPY Pro, SPY Ver 2, and SPY RSI 2 systems that are all currently in long trades.
The SPY Ver 2 system has been long since Jan 15th from a price of $199.02. If the market holds up today and if SPY can close above the 8 day simple moving average (SMA), an exit signal will be generated for this system. However the system would NOT exit today at the close, it would exit tomorrow morning on the open and would go to a cash position.
SPY Pro system like the SPY Ver 2 system would also exit tomorrow morning on the open should SPY close above its 8 SMA. This system went long too early as you know, back on Dec 30th at a price of $207.6.
The SPY RSI 2 system (like the SPY Ver 2) has been long since Jan 15th from a price of $199.02. If the market holds up today and if SPY can close above the 9 day simple moving average (SMA), an exit signal will be generated for this system.
However the system WOULD EXIT TODAY AT THE CLOSE! and go to a cash position, unlike the other two which will exit tomorrow morning on the open.
If the exit condition is met today the SPY Ver 2 and RSI 2 systems will close out very nice winning trades.
These last trades show why I think it's best to play all three of the SPY systems (SPY Pro, SPY Ver 2, SPY RSI 2) vs only playing the SPY Pro system as some of you do, because if you play all three of you you get a diversification, and in this case you can see that clearly the SPY Ver 2 and RSI 2 systems went long at a much better price of $199.02 vs $207.6 or about $8.6 points better! You may ask, how could I trade all three systems at once? Well that's easy, it's all SPY, so the math works out, just fine, simply allocate the the % of the capital that you set aside to trade for each system.
CLICK HERE to see the trade history of all the systems
I will send out a confirmation email later day. However you can watch this on your own:
For the SPY Pro and Ver 2 systems watch the 8 day SMA, price needs to close about that MA, currently it's at $201.93. For the SPY RSI 2 system, it uses the 9 SMA which is currently at $202.37 - currently SPY is trading at $202.98. So you can simply monitor those MA's on your own.
Also news wise remember we have the ECB coming out about an hr before the market opens tomorrow.
Matt
SPY System trades confirmed
Posted by matt on 21st of Jan 2015 at 03:55 pm
Trade Confirmations - with the pushing up into the close the SPY RSI 2 system is closing it's long trade out at the close for a nice winning trade. The SPY Pro and Ver 2 systems will close out of their long trades tomorrow morning on the open, NOT at the close today, only the RSI 2 system is exiting at the close.
Matt ECB happened early today, for readers
Posted by torvix on 21st of Jan 2015 at 01:11 pm
yes the statement was leaked,
Posted by matt on 21st of Jan 2015 at 01:19 pm
yes the statement was leaked, but the event is still tomorrow
That was a 'proposal' leaked
Posted by a_l_ on 21st of Jan 2015 at 01:13 pm
That was a 'proposal' leaked by BBG that can be significantly revised.
Probably a trial balloon by the ECB with their central planning media cohorts to see if it was enough for markets.
who knows, otherwise I'm tried
Posted by matt on 21st of Jan 2015 at 01:17 pm
who knows, otherwise I'm tried of all the QE crap and artificial markets
I agree ...
Posted by mla127 on 21st of Jan 2015 at 01:37 pm
Trading in the QE world with banksters running the show, and leaking sh** off ... sometime feels like being stuck making bets on a boxing match with Don King as the promoter ... :D
maybe but
Posted by hazbin1 on 21st of Jan 2015 at 02:27 pm
mla, more like grandma Yellen, puppet master.
Amen, brother.
Posted by a_l_ on 21st of Jan 2015 at 01:17 pm
Amen, brother.
with today's move, the SPY
Posted by matt on 21st of Jan 2015 at 12:16 pm
with today's move, the SPY RSI 2 and Ver 2 systems are getting an exit signal
Too bad for the gap
Posted by matt on 20th of Jan 2015 at 09:49 am
Too bad for the gap fad in the market so far, initially the market was up on the gap and the SPY Ver 2 and SPY RSI 2 systems were giving an exit signal - remember my comments on Friday at the close that all these two systems needed was a close above their 8 and 9 day short term moving averages in order to get a exit signal, that signal was being met this morning, however now that price has pulled back it is back below these MA's. Again it's very early still, however so far not good action. I was hoping these systems could just close out of their positions today and be done with it, we'll see how the rest of the day goes
That market has come back
Posted by matt on 20th of Jan 2015 at 02:49 pm
That market has come back enough that the SPY Ver 2 and RSI 2 systems may still get a chance to exit.
SPY Ver 2 needs a close over the 8 day SMA - which right now is 202.31, price is 202.1
SPY RSI 2 needs a close over the 9 day SMA - which right now is 202.30
If price manged to close over the MA's, the RSI 2 system would close the trade out at the close and go to a cash position. The SPY Ver 2 system however would exit tomorrow on the open, NOT at the close today like the SPY RSI 2
Regarding the SPY Ver 2
Posted by matt on 16th of Jan 2015 at 12:55 pm
Regarding the SPY Ver 2 and SPY RSI 2 systems that went long yesterday, in order for them to get an exit signal and close out of their trades, SPY needs to close over the short term MA's that the systems watch:
- SPY Ver 2 needs to close over the 8 day SMA before an exit signal can be generated
- SPY RSI 2 needs to close over the 9 day SMA before an exit signal can be generated
so we need at least another up day in order for this to occur, even though the SPX is up 17 points today, that's not enough since price was so stretched to the downside.
I sent out an official
Posted by matt on 16th of Jan 2015 at 04:04 pm
I sent out an official email for the systems - with the strong close and the fact that the 8 and 9 day MA's will automatically drop on Tuesday even if the market closed flat because they are an average, there's a good chance these systems will get an exit signal on Tuesday as long as the market is slightly up or even pretty flat, in other words, it won't take much to get an exit signal.
I realize that it might have been kind of scary gong long yesterday as there were concerns that the market could gap down this morning, but last night when I started thinking about it, I realized that the market was down 5 days in a row something that didn't happen all last year (3 down in a row was the max), we had OPEX today, and a holiday on Monday.
I didn't go long SPY yesterday at the close because I was worried that price might gap down this morning and I even carried some some shorts coming into today, however I covered them in the morning when the market was down and started to reverse and played longs today in SSO
Yesterday there was legitimate concerns that the market could gap down today so once it opened and wad down slightly and started to reverse one could have jumped on board this morning for even better prices than what the systems went long at yesterday
anyway have a NICE 3 day weekend!
I updated the trades on
Posted by matt on 15th of Jan 2015 at 04:08 pm
I updated the trades on the site, SPY Ver 2 and RSI 2 went long 60% positions. DVY RSI 2 is flat and will take a LOT more selling before that occurs.
I feel like the 200 day MA may be calling below on the daily chart