The bottom line, the short-term trend is up. I hold partial long position overnight.
OK, no inertia at least on the downside, let’s see whether it applies on the upside, as a strong up day like today most likely won’t be just a one day wonder, at least a higher high could be expected. Although chances are a little bit higher that we’ll see a gap down tomorrow morning because we’ve had 5 consecutive gap ups.
VIX BB buy setup has confirmed today, let’s see how far it could go this time.
Demo account for short-term model, $200 max loss allowed per trade. Mechanical trading signal, for fun only.
| TICKER | Entry Date | Entry Price | Share | Stop Loss | Exit Date | Exit Price | Profit | Comment |
| SSO | 02/01/2011 | $51.03 | 50 | $51.23 | | | | |
| SSO | 02/01/2011 | $51.03 | 50 | $49.23 | 02/01/2011 | $51.46 | 21.50 | Partial profit to lock SDS losses. |
| SDS | 01/31/2011 | $22.77 | 300 | $22.09 | 02/01/2011 | $22.09 | -204.00 | |
| JAN | | | | | | | 415.00 | |
| SUM | | | | | | | 232.50 | |
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