I concur that I would

    Reversion to mean systems basket

    Posted by mastermind on 11th of Jul 2022 at 12:12 pm

    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 directions. 

    I don't suppose that you

    Posted by mastermind on 11th of Jul 2022 at 01:32 pm

    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)?

    XLY Components Please understand that XLY

    Posted by steve on 11th of Jul 2022 at 01:52 pm

    XLY Components

    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.

    Posted by mastermind on 11th of Jul 2022 at 01:56 pm

    OK, thanks for that info. I didn't realize it was that concentrated.

    Fantastic addition to the service,

    Posted by fundamentalvalues on 11th of Jul 2022 at 02:46 pm

    Fantastic addition to the service, Matt! 

    it will be. but don't

    Posted by matt on 11th of Jul 2022 at 02:57 pm

    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

    Posted by matt on 11th of Jul 2022 at 12:17 pm

    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 stubborn. 

    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

    Posted by keyhole7 on 11th of Jul 2022 at 12:40 pm

    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

    Posted by steve on 11th of Jul 2022 at 12:28 pm

    I also like that ES can provide alternative trades - best way to think of the systems is as follows:  ALL SYSTEMS ARE MUTUALLY EXCLUSIVE 

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