THE SHORT-TERM TREND IS DOWN, I HOLD PARTIAL SHORT POSITION OVERNIGHT
The chances for a rebound become higher and higher as day goes by but as I mentioned in today’s intra-day comment, the rebound, if any, most likely is a sell opportunity. I’ll as usual, present my witnesses in tonight’s report.
Wondering what happened whenever SPY down 6 consecutive days? Well, here’s the statistics. Cases are too few to be any meaningful but no harm to know.
MECHANICAL TRADING SIGNALS:
DEMO ACCOUNT FOR SHORT-TERM MODEL:
| TICKER | Entry Date | Entry | Share | Stop Loss | Exit Date | Exit | Profit | Comment | | SDS | 06/08/2011 | $22.02 | 200 | $21.11 | 06/08/2011 | $22.18 | 32.00 | | | SDS | 06/06/2011 | $21.57 | 100 | *$21.11 | | | | | | 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 | | | | | | | 1777.00 | | |
- $200 max loss allowed per trade. For fun only.
- LAST = Year to the last month balance.
- The short-term model is not a part of Cobra Impulse System.
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