THE SHORT-TERM TREND IS UP, I HOLD BOTH LONG AND SHORT (TRAPPED) OVER THE WEEKEND
Mixed seasonality for the next Tuesday. On one hand, according to Stock Trader’s Almanac, day after Memorial Day, Dow up 8 of last 11. On the other hand, recently the Monday and Tuesday were mostly not so pleasant (see dashed red lines).
My guess, purely from the chart pattern, we should have at least one more push up the next Tuesday. This push up is critical because if it cannot make a decisive higher high, then there’re some chances that the rebound is over, the 05/25 lows will be revisited.
Those who plan to follow Cobra Impulse System, the short setup is no longer valid today.
Enjoy your long weekend!
MECHANICAL TRADING SIGNALS:
DEMO ACCOUNT FOR SHORT-TERM MODEL:
| TICKER | Entry Date | Entry | Share | Stop Loss | Exit Date | Exit | Profit | Comment | | SSO | 05/27/2011 | $53.70 | 100 | $52.13 | | | | Mistakenly closed the 05/26 long, bought back. | | SSO | 05/26/2011 | $53.24 | 200 | $52.13 | 05/26/2011 | $53.41 | 34.00 | | | SDS | 05/25/2011 | $20.92 | 200 | *$20.05 | | | | Not fully positioned, may add on the way up. | | SDS | 05/23/2011 | $20.93 | 200 | $20.05 | 05/25/2011 | $21.15 | 44.00 | | | SSO | 05/20/2011 | $54.61 | 100 | $52.74 | 05/23/2011 | $52.41 | -221.00 | Gap down, manual stop loss used. | | 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 | 05/23/2011 | $20.88 | 148.00 | | | 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 | | | | | | | 1692.00 | | |
- $200 max loss allowed per trade. For fun only.
- LAST = Year to the last month balance.
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