THE SHORT-TERM TREND IS DOWN, I HOLD PARTIAL SHORT POSITION OVERNIGHT
A little bullish biased toward tomorrow for 2 reasons:
- 39 out of 59 times (66%) a green day after a Major Distribution Day (NYSE Down Volume : NYSE Up Volume >= 9).
- SPY down 4 days in a row, buy at today’s close, sell the next day at close, you got 62% chances since year 2003. Hold until the very first green day though, you have 83% chances.
Two more TradingMarkets long setups triggered today, all claimed to have above 80% winning rate. See discussion HERE for more info about whether to take the trade.
Those who follow Cobra Impulse System, it’s time to tighten the stop loss now.
MECHANICAL TRADING SIGNALS:
DEMO ACCOUNT FOR SHORT-TERM MODEL:
| TICKER | Entry Date | Entry | Share | Stop Loss | Exit Date | Exit | Profit | Comment | | SDS | 06/06/2011 | $21.57 | 100 | $20.85 | | | | | | SDS | 06/06/2011 | $21.57 | 200 | $20.85 | 06/06/2011 | $21.93 | 72.00 | | | SDS | 06/01/2011 | $20.61 | 100 | $20.05 | 06/03/2011 | $21.53 | 92.00 | | | SSO | 05/27/2011 | $53.70 | 100 | $52.13 | 06/02/2011 | $52.13 | -157.00 | Mistakenly closed the 05/26 long, bought back. | | SDS | 05/25/2011 | $20.92 | 200 | $20.05 | 06/02/2011 | $21.15 | 46.00 | Not fully positioned, may add on the way up. | | LAST | | | | | | | 1692.00 | | | SUM | | | | | | | 1745.00 | | |
- $200 max loss allowed per trade. For fun only.
- LAST = Year to the last month balance.
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