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!
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I sent out an official
FYI - Possible System trades today
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!