THE SHORT-TERM TREND IS DOWN, I HOLD NO POSITION OVERNIGHT
The bottom line, strangely enough, I don’t feel bearish about today’s actions as I think the market is taking a breath here before the next leg down. Well, perhaps another sharp down tomorrow would wake me up. 
A little bullish biased toward tomorrow for 2 reasons:
VIX rose more than 22%, buy at close today and sell tomorrow at close, you have 76% chances for the last 2,000 trading days.
43 out of 67 times (64%) a green day after a Major Distribution Day.
| MECHANICAL TRADING SIGNALS |
| SPY SYSTEM | ENTRY | STOP LOSS | Current 2*ATR(10) value: SSO=16%; SDS=14%; UPRO=25%;SPXU=20% | | Non-Stop | 08/02 S | N/A | Short is for aggressive traders only. | | Cobra Impulse | 08/04 S | 08/08 High | | |
| 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 | | SDS | 08/08/2011 | $25.94 | 100 | $23.61 | 08/08/2011 | $26.58 | 64.00 | Had to leave earlier today so sold too soon. | | SDS | 08/04/2011 | $23.13 | 100 | $21.51 | 08/09/2011 | $28.35 | 522.00 | | | SDS | 08/04/2011 | $23.13 | 100 | $21.51 | 08/04/2011 | $24.00 | 87.00 | | | LAST | | | | | | | 2248.50 | | | SUM | | | | | | | 2921.50 | | |
- $500 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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