05/18/2011 Trading Signals

THE SHORT-TERM TREND IS UP, NOT CONFIRMED THOUGH, I HOLD TRAPPED SHORT POSITION OVERNIGHT

No idea tomorrow but I still think the pullback isn’t over yet. That said, I’d not hesitate to join bulls if another huge up day tomorrow.

Those who took long by following the 05/17 Trading Signals and 05/13 Trading Signals should close the long position now. This should leave only partial long position taken following the 05/05 Trading Signals still opened now.

MECHANICAL TRADING SIGNALS: 

	TREND	MOMENTUM	COMMENT
Long-term	2 of 2 BUY
Intermediate	4 of 5 SELL	5 of 5 NEUTRAL	Cobra Impulse in SELL 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	05/17 S	N/A
CI Swing	05/17 S	2*ATR (10)

DEMO ACCOUNT FOR SHORT-TERM MODEL:

TICKER Entry Date Entry Share Stop Loss Exit Date Exit Profit Comment SSO 05/18/2011 54.27 100 $52.74 05/18/2011 54.65 38.00   SDS 05/16/2011 $20.51 400 $19.97         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   1687.00

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