Matt, are we expecting a second entry for the SPY system today?

This one reports tomorrow. Chart looks good though.

Would like to know as well.

Thank you for the clarification Matt.

The SPY Ver 2 and RSI 2 systems are scale-in systems so it will never buy 100% on the first entry.

Matt - your post says " SPY Pro system would take a long position at the close". My understanding is that if one were to follow the system, only 40% goes long at the close today. Can you confirm?

Matt - any comments on this?

Matt, I remember in your SPY PRO system there's something called an "exhaustion short" where price closes above 8 day MA for at least 20 bars in a row along with %R indicator over 90%. If we close above 8 day MA both today and tomorrow it will mark the 20th day.

I know the current trade is long. If the above happens indeed, does it mean that the current long will be closed and a new short will be initiated per the system rules?

Can you clarify? Thanks.

matt, I believe the SPY PRO system hits its first scale out target 1.25% this morning.

Good job.

oh man, it has been a lot of mistakes recently.

Matt, it looks like SPY is creeping up today again. Can you let us know what can trigger SPY to exit its long position? such as close above 20MA?

I know closing the position means exiting the following day on the open, but I think we all are curious to know what's gonna happen next.

Thanks,

Matt - any update on the SPY Pro trade?

it's working for me now

thank you kattap.

Matt,

today's move of GDX has been strong so far and looks impulsive. Great job on the RSI-2 system trade! However, can you tell us whether the momentum indicator of the daily chart has turned green or not? My understanding is the GDX RSI-2 system may hold the trade longer if the momentum indicator turns green even if RSI closes back above 80.

Thanks,

Matt,

Does the XLE system enter short officially at the close today? I see the close took out the low of 3/19 of $77.39 and the BPENER is running below its 9 day EMA all along.

Can you confirm? Thanks,

Matt, looks like yesterday $BPENER closed above its 9-day ema. If today XLE closes above yesterday's high (which looks like it will), is the system going to close its short and go long? Thanks

Matt, is the GDX RSI 2 trade officially out today? It entered a long per your email 2/20 last Wednesday and it was a nice gain in the past 4 days. Today RSI 2 closed at 80.3 you said "If momentum is red when the RSI 2 closes over 80%, the system will just exit".

Can you confirm? Thanks,

Good job on this one either way.

Matt, I trust you on the decision of closing this system and just using the RSI 2 system instead. Is there a time frame when that is going to be available, and what's the best way to access that as clean and as straightforward as this one, i.e. clicking on a tab and all the info is there?

thanks and have a great holiday!

wow and wow! thanks Matt for the kindly gesture. Let's hope the SPY system will catch up soon. Again i have full trust in your system. Good work.

By the way, i always know that this kind of system does best in strong bull and bear market, while not so good in sideways market. Unfortunately since launch, we have been in a sideways (transitional) market (in longer time frame) hence the low performance. If you look at shorter time frame, it was also at the turning point from bull to bear that we experienced the biggest loss for the system. Now, we may be in another transition from bear to bull again, and i won't be surprised if the current trade turns into a loss as well.

Am i second thinking the system? no. and i for sure could not predict when sideways market is coming, so i let the system do its thing. At the time i signed up, i already knew this so i'm not emotional and won't blame the system.

Correct me if i'm wrong, Matt. I just want to know more about the system.