3309 Drysdale Ct
Edwardsville, IL 62025
I concur that I would rather have signals for other indexes
rather than ES. I think ES/SPY just muddies the waters when they
are out of sync, because you would think that they should be
correlated. SPY vs QQQ are not always so well correlated, so it
might make more sense for them to be biased in opposite
I don't suppose that you are taking votes, but I would
personally prefer XLY to XLP. And I'm fairly surprised that
XLF didn't make the cut considering how big a part of the market
financials are. Maybe because they are already strongly represented
in the Dow (as XLK is in QQQ)?
Please understand that XLY is heavily concentrated - Just 3
issues make up 50% of the Sector. AMZN TSLA and HD
OK, thanks for that info. I didn't realize it was that
Fantastic addition to the service, Matt!
it will be. but don't expect it next week, gonna take time to
build out - this week my goal is the complete the QE 3 for the 10
ETF's and maybe get a start on another sub system
I like that ES trades can be out of sync with SPY - that's the
whole point, while they do most of the same or similar trades, SPY
will catch trades that ES misses and ES will catch trades that SPY
misses. If they both did the same trades I wouldn't bother
with the ES signals. If you don't have the other ETF's then you
want ES with SPY because you fill in more trade dates that way -
get more opportunities, that's the whole reason I even added it.
SPY might do a trade for 1 or 2 months at times but ES will
generally catch a trade or two during those air pockets when SPY is
with the other ETF's in the mix the ES will probably no longer
be needed for that as they would provide the additional trades to
catch trade opportunities that SPY would miss.
SPY and ES are 99% correlated - but they are way different
prices and ES trades 23 hrs a day unlike SPY and SPX cash. The
systems get their signals from price levels that various indicators
are are at, and when you have different prices the RSI is not going
to be in the same spot on SPY as it is on ES, same for other
indicators, just common sense
Sounds like you will no longer give /ES trade call outs. I hope
that is not the case because that is my trade of choice.
I also like that ES can provide alternative trades - best way to
think of the systems is as follows: ALL SYSTEMS ARE MUTUALLY
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!