THE SHORT-TERM TREND IS UP, I HOLD BOTH LONG AND SHORT (TRAPPED) OVER THE WEEKEND
Very boring day, so no idea where the market is heading. Judging by the way how unions negotiate new contracts for their members, that the deal can only be reached at the last minute, since the debt ceiling deal is much much bigger deal and we’re far from the last minute, so I don’t think we’ll get any news over the weekend. Seasonality was mostly bearish for all the recent Mondays but very bullish for the most last trading weeks of each month since the August 2010.
Enjoy your weekend!
| MECHANICAL TRADING SIGNALS |
| SPY SYSTEM | ENTRY | STOP LOSS | Current 2*ATR(10) value: SSO=6%; SDS=6%; UPRO=8%;SPXU=9% | | Non-Stop | 07/22 L | N/A | *Covered short initiated on 07/15 and longed on 07/22. | | Cobra Impulse | | | | |
| DEMO ACCOUNT FOR SHORT-TERM MODEL (Attention: This is not part of Cobra Impulse System) |
| TICKER | Entry Date | Entry | Share | Stop Loss | Exit Date | Exit | Profit | Comment | | SSO | 07/21/2011 | $54.06 | 100 | $50.82 | 07/21/2011 | $54.84 | 78.00 | | | SSO | 07/19/2011 | $52.79 | 50 | $50.82 | | | | | | SSO | 07/19/2011 | $52.79 | 50 | $49.62 | 07/19/2011 | $53.40 | 30.50 | | | SDS | 07/14/2011 | $20.65 | 300 | $19.62 | 07/14/2011 | $20.94 | 87.00 | | | SDS | 07/13/2011 | $20.50 | 200 | $19.27 | 07/13/2011 | $20.63 | 26.00 | | | SDS | 07/11/2011 | $20.37 | 100 | $19.62 | | | | | | SDS | 07/11/2011 | $20.37 | 100 | $19.15 | 07/11/2011 | $20.60 | 23.00 | | | SSO | 07/08/2011 | $54.84 | 50 | $52.10 | 07/14/2011 | $52.10 | 137.00 | Speculation play, half positioned. | | SSO | 07/07/2011 | $55.46 | 100 | $52.69 | 07/07/2011 | $55.76 | 30.00 | | | SSO | 07/06/2011 | $54.22 | 100 | $51.51 | 07/06/2011 | $54.34 | 12.00 | | | SSO | 07/01/2011 | $53.90 | 100 | $51.21 | 07/01/2011 | $54.50 | 60.00 | New stop loss strategy: 2*ATR(10) used. | | SSO | 06/22/2011 | $50.30 | 50 | $52.69 | 07/11/2011 | $53.42 | 156.00 | | | LAST | | | | | | | 1905.00 | | | SUM | | | | | | | 2270.50 | | |
- $300 max loss allowed per trade. For fun only.
- LAST = Year to the last month balance. SUM = Year to date realized gains/losses.
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