05/05/2011 Trading Signals

THE BOTTOM LINE, THE SHORT-TERM TREND IS DOWN, I HOLD SHORT POSITION OVERNIGHT.

A little little bullish biased toward tomorrow because the Non Farm Payroll day was green 65% times recently.

Lot’s of short-term buy setup today.

SPX down 4 days in a row, buy at today’s close sell on the very first green day since year 2003, you have 91% chances. Just don’t forget the gain/loss ratio is pretty poor and it doesn’t guarantee a green day tomorrow.

A few of TradingMarkets long setups are triggered today. All claimed to have above 80% winning rate. I didn’t verify their claims though.

MECHANICAL TRADING SIGNALS: 

	TREND	MOMENTUM	COMMENT
Long-term	2 of 2 BUY
Intermediate	3 of 5 BUY	5 of 5 NEUTRAL	Cobra Impulse in BUY mode; Non-Stop in BUY mode.
Short-term		6 of 6 NEUTRAL
SPY SYSTEM	ENTRY	STOP LOSS	INSTRUCTION: back test is HERE, signals are HERE.
Non-Stop	04/28 L	N/A
CI Buy & Hold	04/28 L	N/A
CI Swing			*Long if break 05/05 high and close in green tomorrow. The stop loss will be 1.7*ATR(10).

DEMO ACCOUNT FOR SHORT-TERM MODEL:

TICKER Entry Date Entry Share Stop Loss Exit Date Exit Profit Comment SDS 05/04/2011 $20.12 200 $19.47 Half positioned. SDS 05/03/2011 $19.94 300 $19.47 05/03/2011 $19.98 12.00 Half positioned. SSO 04/20/2011 $53.62 100 $54.73 05/04/2011 $54.73 111.00   LAST 1387.00   SUM 1510.00

$200 max loss allowed per trade. For fun only. LAST = Year to the last month balance.