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
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
Too bad for the gap
FYI - Possible System trades today
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