08/17/2011 Trading Signals

THE SHORT-TERM TREND IS UP, I HOLD LONG POSITION OVERNIGHT

The bottom line, the up momentum is weakening and looks toppy but still too early to call the end of the rebound, need see tomorrow.

Cobra Impulse System closed short and took long today and officially is in buy mode now. I feel bad about this long position but no argue with a 80% winning rate system here, let’s wait and see.

MECHANICAL TRADING SIGNALS

SPY SYSTEM ENTRY STOP LOSS Current 2*ATR(10) value: SSO=12%; SDS=12%; UPRO=19%;SPXU=19% Non-Stop 08/02 S N/A Short is for aggressive traders only. Cobra Impulse 08/17 L 1.7*ATR(10) *Short position initiated on 08/16 closed flat. Long position initiated.

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 08/17/2011 $42.60 50 $37.49 Not a new setup, just a buyback of 08/16 longs. SSO 08/16/2011 $42.82 50 $35.54 08/17/2011 $43.40 29.00   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   3030.00

$300 max loss allowed per trade. For fun only. LAST = Year to the last month balance. SUM = Year to date realized gains/losses.