06/07/2011 Trading Signals

THE SHORT-TERM TREND IS DOWN, I HOLD PARTIAL SHORT POSITION OVERNIGHT

A little bullish biased toward tomorrow as SPY down 5 consecutive days, buy at close today sell tomorrow, you got 69% chances since the last 2000 trading days. And if hold until the very first green day, you’ll have 88% chances.

By the way, I saw someone mentioning SPY closes below BB bottom for 3 consecutive days, well, it’s a buy, but there’s a catch, since the last 2000 trading days, 5 out of 11 times, SPY closed below BB bottom yet for the 4th and even 5th day, so the strategy is to buy and hold until the very first day that SPY closes above its BB bottom, in which case, you’ll have 82% chances.

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 Swing	06/01 S	06/06 High

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.