THE SHORT-TERM TREND IS UP, I HOLD LONG POSITION OVERNIGHT
Tomorrow is the 1st trading of a new month, seasonality is always bullish. Also according to Stock Trader’s Almanac, first trading day in July, Dow up 18 of last 21.
Those who follow Non-Stop model, since both BPSPX and BPNDX are buy yesterday (due to CBOE data delay, I cannot give signals in yesterday’s AH, the next time I’d remind you in the Market Outlook instead of in the Trading Signals), so it’s time to cover short and initiate a long position. You can of course wait for a few days to avoid whipsaw as the model has only 50% winning rate which is very typical of a trend following system that relies on a long lasting trend to win in the long run.
Those who follow Cobra Impulse System, it’s time to set your stop loss to breakeven (a little above your entry price).
MECHANICAL TRADING SIGNALS:
DEMO ACCOUNT FOR SHORT-TERM MODEL:
| TICKER | Entry Date | Entry | Share | Stop Loss | Exit Date | Exit | Profit | Comment | | SSO | 06/30/2011 | $52.76 | 100 | $50.73 | 06/30/2011 | $52.96 | 20.00 | | | SDS | 06/23/2011 | $22.45 | 100 | $21.34 | 06/29/2011 | $21.14 | -131.00 | Sharp gap down, manual stop loss used. | | SSO | 06/22/2011 | $50.30 | 50 | *$50.73 | | | | | | SSO | 06/21/2011 | $50.35 | 100 | $48.06 | 06/21/2011 | $51.10 | 75.00 | | | SDS | 06/20/2011 | $22.06 | 100 | $21.54 | 06/21/2011 | $21.46 | -60.00 | Not fully positioned, may add on the way up. | | SDS | 06/16/2011 | $22.37 | 200 | $21.54 | 06/16/2011 | $22.65 | 56.00 | | | SDS | 06/15/2011 | $22.23 | 100 | $21.54 | 06/20/2011 | $22.29 | 6.00 | Not fully positioned, may add on the way up. | | SSO | 06/14/2011 | $50.23 | 100 | $48.64 | 06/14/2011 | $50.45 | 22.00 | | | SDS | 06/13/2011 | $22.40 | 100 | $21.54 | 06/15/2011 | $22.58 | 18.00 | Not fully positioned, may add on the way up. | | SDS | 06/09/2011 | $21.80 | 100 | $21.11 | 06/10/2011 | $22.23 | 43.00 | Not fully positioned, may add on the way up. | | 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 | 06/13/2011 | $22.36 | 79.00 | | | 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 | | | | | | | 1905.00 | | |
- $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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