This is an alert about BPT Mechanical Systems:
KISS trend following systems on the indexes have been out and in the safety of cash as you know.
More mean reversion systems trades today. Kind of a pucker trade as the systems scale in, haven't seen that in a while, but this is typical of the mean reversion systems over the years, at times they scale in and take some heat before the inevitable mean reversion bounce. I simply report what the sub systems are doing, you choose to follow them or not.
SPY mean reversion systems:
1. QE BTS 2nd will be taking a 2nd entry long. For website I'll show it as $10K of SSO ETF
2. A new sub system is taking a 1st entry: CCI Divergence, I will show as $10K of SPY ETF
ES mean reversion systems: ES does not close until 5 pm so trades are not officially confirmed until that time, that said here's what is likely to trigger
1. 2nd entry QE BTS - I'll show it as 4 MESZ23 contracts
2. 3rd entry Trend/Pullback - I'll show as 3 MESZ23 contracts
see the table that shows the current positions and new ones today
Matt
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