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!

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