08/15/2011 Trading Signals

THE SHORT-TERM TREND IS UP, I HOLD NO POSITION OVERNIGHT

The bottom line, I think the rebound isn’t over yet.

Don’t expect huge up day if not red tomorrow as TICK closed above 1,000 again today.

Also slightly (60%) bearish for tomorrow when NYADV closed too high.

One short setup triggered: SPY up 3 days in a row while volume down 2 days in a row forming a price volume negative divergence, short at today’s close, seems mostly profitable within 6 trading days.

If red and lower below today’s low tomorrow then Cobra Impulse System is short. Such a short setup HAD 70% winning rate since the last 2,000 trading days.

MECHANICAL TRADING SIGNALS

SPY SYSTEM ENTRY STOP LOSS Current 2*ATR(10) value: SSO=18%; SDS=18%; UPRO=27%;SPXU=27% Non-Stop 08/02 S N/A Short is for aggressive traders only. Cobra Impulse *Short if break below 08/15 low and close in red. The stop loss is 2*ATR(10).

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 08/15/2011 $42.86 50 $35.14 08/15/2011 $43.26 20.00   SSO 08/11/2011 $40.16 50 $32.93 08/11/2011 $41.53 68.50 Position too small to split, could hold overnight. 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   3010.00

$500 max loss allowed per trade. For fun only. LAST = Year to the last month balance. SUM = Year to date realized gains/losses.