THE SHORT-TERM MODEL ARGUES FOR A DOWNTREND, HOLDING TRAPPED LONG AND SHORT OVER THE WEEKEND
I have no idea about the next Tuesday, but the bigger picture as I discussed in the last night report should be clear now as we do get enough price overlap proving what we had so far was (is) merely a rebound. Although till now I cannot exclude the possibility of another push up to at least test the Aug 31 highs but a red Non Farm Payroll day arguing for a possible trend shifting to down from up, should be enough to raise a red flag.
Enjoy your long weekend.
| MECHANICAL TRADING SIGNALS |
| SPY SYSTEM | ENTRY | STOP LOSS | Current 2*ATR(10) value: SSO=12%; SDS=12%; UPRO=18%;SPXU=18% | | Non-Stop | 08/25 L | N/A | Long is risky when long term signals are on the sell side. | | Cobra Impulse | 08/30 L | Breakeven | Stopped out of long position on 09/01 flat. | |
| 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 | 09/02/2011 | $24.35 | 100 | $21.43 | | | | | | SDS | 09/01/2011 | $22.94 | 100 | $19.96 | 09/01/2011 | $23.01 | 7.00 | | | SSO | 08/30/2011 | $44.09 | 50 | $38.80 | | | | | | LAST | | | | | | | 2935.00 | | | SUM | | | | | | | 2942.00 | | |
- $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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