05/13/2011 Trading Signals

THE SHORT-TERM TREND IS DOWN, NOT CONFIRMED THOUGH, I HOLD NO POSITION OVER THE WEEKEND

Well, indeed a reversal of reversal of reversal, so the direction is not clear again. On the very short-term, it’s mixed seasonality for the next Monday. Stock Trader’s Almanac says it’s bullish (forgot the data but I’m sure it’s bullish) but from the chart below the Monday was mostly in red recently. My guess is we should see some weakness at least in the morning (then perhaps reversal of reversal of reversal of reversal?).

One TradingMarkets long setup was triggered today. It’s claimed to have over 80% winning rate, I just don’t know how they tested though so make sure you understand the risks.

Enjoy your weekend!

MECHANICAL TRADING SIGNALS: 

	TREND	MOMENTUM	COMMENT
Long-term	2 of 2 BUY
Intermediate	3 of 5 SELL	5 of 5 NEUTRAL	Cobra Impulse in BUY mode; Non-Stop in SELL mode.
Short-term		6 of 6 NEUTRAL
SPY SYSTEM	ENTRY	STOP LOSS	INSTRUCTION: back test is HERE, signals are HERE.
Non-Stop	05/10 S	N/A	Short is for aggressive traders only.
CI Buy & Hold	04/28 L	N/A
CI Swing	05/06 L	Breakeven	Stopped out of long position on 05/11 flat.

DEMO ACCOUNT FOR SHORT-TERM MODEL:

TICKER Entry Date Entry Share Stop Loss Exit Date Exit Profit Comment SDS 05/13/2011 $20.38 300 $19.97 05/13/2011 $20.43 15.00 Half positioned. SSO 05/12/2011 $54.70 50 $53.49 05/12/2011 $55.26 28.00   SSO 05/10/2011 $55.50 50 $55.12 05/10/2011 $55.99  24.50   SDS 05/09/2011 $20.40 300 $19.47 05/12/2011 $20.44 12.00   SSO 05/06/2011 $55.49 50 $53.49 05/12/2011 $55.18 -15.50 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 05/09/2011 $20.25 26.00 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   1649.00

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