05/06/2011 Trading Signals

THE SHORT-TERM TREND IS DOWN, I HOLD BOTH SHORT AND LONG (TRAPPED) OVER THE WEEKEND.

A little little bearish biased toward the next Monday mainly because the SPY intraday chart pattern looks incomplete therefore I suspect there’s at least one more push down to test the 05/05 lows before any meaningful rebound is possible.

Seasonality is mixed for the next Monday. On one hand, according to Stock Trader’s Almanac, Monday after Mother's day, Dow up 12 of last 15. But on the other hand, all the recent Monday were in red.

Cobra Impulse System opened another long position today in which I’m not very confident (usually the trade I’m most afraid wins though!). The system got very tough start so far but I’m confident that in the long run it’ll prove its merit.

Enjoy your weekend!

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	*05/06 L	*1.7*ATR(10)

DEMO ACCOUNT FOR SHORT-TERM MODEL:

TICKER Entry Date Entry Share Stop Loss Exit Date Exit Profit Comment SSO 05/06/2011 $55.49 50 $53.49 Half positioned. SDS 05/06/2011 $20.17 200 $19.47 05/06/2011 $20.40 46.00 Half positioned. 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 1556.00

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