I sent this out may take a few min to get to you. If you read my
post last night or listened to the newsletter you should already
know this
Good morning everyone, as you saw from my newsletter and blog
post last night the SPY breakout sub system went long yesterday but
was not sent out due to a technical issue. Therefore I'm issuing
the order for this morning as futures are slightly down from
yesterday's close. Out of the 21 sub systems for the SPY the
breakout sub system is the only one that is NOT reversion to mean,
it buys overbought conditions, that's what it does by it's nature
and hence its name.
The trade order will be for $10K worth of SPY ETF and 1 SPY call
option that expires on June 18th with a strike price of 398.
Again this order is for today, since it's not for the close feel
free to use your own judgement on when to actually take the trade.
For example if you think the market will pullback more over the
course of the day then wait - that's subjective and up to you but
I'm simply throwing out options.
SPY email
Posted by matt on 6th of Apr 2021 at 09:31 am
I sent this out may take a few min to get to you. If you read my post last night or listened to the newsletter you should already know this
Good morning everyone, as you saw from my newsletter and blog post last night the SPY breakout sub system went long yesterday but was not sent out due to a technical issue. Therefore I'm issuing the order for this morning as futures are slightly down from yesterday's close. Out of the 21 sub systems for the SPY the breakout sub system is the only one that is NOT reversion to mean, it buys overbought conditions, that's what it does by it's nature and hence its name.
The trade order will be for $10K worth of SPY ETF and 1 SPY call option that expires on June 18th with a strike price of 398.
Again this order is for today, since it's not for the close feel free to use your own judgement on when to actually take the trade. For example if you think the market will pullback more over the course of the day then wait - that's subjective and up to you but I'm simply throwing out options.
Happy to get in on
Posted by steverobin on 6th of Apr 2021 at 12:07 pm
Happy to get in on the red and watch go green!