Live Update

Friday, May 6, 2011

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.

1

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.

2

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.
blog comments powered by Disqus

Disclaimer

The information contained on this website and from any communication related to the author’s blog and chartbook is for information purposes only. The chart analysis and the market recap do not hold out as providing any financial, legal, investment, or other advice. In addition, no suggestion or advice is offered regarding the nature, profitability, suitability, sustainability of any particular trading practice or investment strategy. The materials on this website do not constitute offer or advice and you should not rely on the information here to make or refrain from making any decision or take or refrain from taking any action. It is up to the visitors to make their own decisions, or to consult with a registered professional financial advisor.

This websites provides third-party websites for your convenience but the author does not endorse, approve, or certify the information on other websites, nor does the author take responsibility for a part or all materials on the third-party websites which are not maintained by the author.