the ES breakout system closed out on Sunday night, that system
went long a earlier than the SPY system.
only reason I bring this up is because while the hard stop on
the SPY Pro system is positive and there's a 1.23 dividend.
The dividend likely causes SPY to be trading lower than where it
would be without it - i.e. if a stop announces a $1 dividend for
example typically price will fall by about a $1 for a while so that
there's no free lunch. Anyway there's a MUCH tighter stop on
the SPY system if price goes higher, if the ex dividend didn't
occur the higher stop might have been triggered. Anyway it is
what it is. Clearly a nice trade in both system - the market is
stretched
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the ES breakout system closed
SPY Pro system new stop
Posted by matt on 16th of Oct 2017 at 10:20 am
the ES breakout system closed out on Sunday night, that system went long a earlier than the SPY system.
only reason I bring this up is because while the hard stop on the SPY Pro system is positive and there's a 1.23 dividend. The dividend likely causes SPY to be trading lower than where it would be without it - i.e. if a stop announces a $1 dividend for example typically price will fall by about a $1 for a while so that there's no free lunch. Anyway there's a MUCH tighter stop on the SPY system if price goes higher, if the ex dividend didn't occur the higher stop might have been triggered. Anyway it is what it is. Clearly a nice trade in both system - the market is stretched