Good morning everyone. This is an early notification that
the SPY Pro system will likely close out it’s last long position
today at the close. The SPY system closed out one of it’s long sub
systems last week (QE BTS sub syste) for a nice trade, but still
had a second entry position in the Trend sub system.
Remember that I'm out of town and thus it's difficult to check
on the systems. However myself or James Row (my programmer
for the site) will send a confirmation email this afternoon before
the market close to confirm if the system is going to exit. The
system should close if the market closes up, flat, or even slightly
down for the day, if however the marked dumps then the system
probably wouldn't exit and would continue to hold. Anyway giving
you an early heads up and of course remember that today is the FOMC
which can be market moving! Futures are slightly down on the
open with some negative news on Huawei losing support of ARM.
Posted by James_Roe on 22nd of May 2019 at 04:23 pm
It would have needed to fall another 10 or so points to stall
the exit, the bottom 10 period DS indicator would have had to drop
below .80 to prevent an exit, and it was still at .8325 after the
close.
Posted by James_Roe on 22nd of May 2019 at 04:11 pm
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As mentioned by Matt in this morning's email the SPY system is going flat at the close.
Posted by James_Roe on 22nd of May 2019 at 03:53 pm
Good morning everyone. This is an early notification that the SPY Pro system will likely close out it’s last long position today at the close. The SPY system closed out one of it’s long sub systems last week (QE BTS sub syste) for a nice trade, but still had a second entry position in the Trend sub system.
Remember that I'm out of town and thus it's difficult to check on the systems. However myself or James Row (my programmer for the site) will send a confirmation email this afternoon before the market close to confirm if the system is going to exit. The system should close if the market closes up, flat, or even slightly down for the day, if however the marked dumps then the system probably wouldn't exit and would continue to hold. Anyway giving you an early heads up and of course remember that today is the FOMC which can be market moving! Futures are slightly down on the open with some negative news on Huawei losing support of ARM.
thanks and have a great day!
Matt
Market closed down so why
Posted by lamb on 22nd of May 2019 at 04:13 pm
Market closed down so why is it exiting?
It would have needed to
Posted by James_Roe on 22nd of May 2019 at 04:23 pm
It would have needed to fall another 10 or so points to stall the exit, the bottom 10 period DS indicator would have had to drop below .80 to prevent an exit, and it was still at .8325 after the close.
Posted by James_Roe on 22nd of May 2019 at 04:11 pm