05/31/2011 Trading Signals

THE SHORT-TERM TREND IS UP, I HOLD BOTH LONG AND SHORT (TRAPPED) OVERNIGHT

I think pretty much everyone on Earth knows that the very 1st trading day of each month is very very (insert 100 very here) bullish, so guess the market is ready for another bull banquet tomorrow. I, however, has a little doubt, not necessarily tomorrow would be red, but chances are whatever upside we see tomorrow will be eliminated very soon. As usual, I’ll present my witness in tonight’s report which basically maintains my call in the weekend report – up but not without a fight.

For Cobra Impulse System, tomorrow is the key day – breaks above today’s high and closes in green, it’s long, while breaks down below today’s low and closes in red, it’s short.

MECHANICAL TRADING SIGNALS: 

	TREND	MOMENTUM	COMMENT
Long-term	2 of 2 BUY
Intermediate	5 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			*Short if breakdown below 05/31 low and closes in red tomorrow. The stop loss will be 2*ATR(10). *Long if breakout above 05/31 high and closes in green tomorrow. The stop loss will be 1.7*ATR(10).

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.