09/14/2011 Trading Signals

THE TREND IS UP AS PER SHORT-TERM MODEL, HOLDING BOTH LONG AND SHORT (TRAPPED) OVERNIGHT

The bottom line, everything goes as planned so I’ll maintain my forecast, just in the short-term I’m now more willing to bet on the long side until bear shows up.

A little bearish biased toward tomorrow because it seems most recent Thursdays were in red.

The short setup of the Cobra Impulse System wasn’t confirmed today but the system seems very determined, as it will try to sell short again tomorrow, see table below for more details.

MECHANICAL TRADING SIGNALS

SPY SYSTEM ENTRY STOP LOSS Current 2*ATR(10) value: SSO=11%; SDS=12%; UPRO=16%;SPXU=18% Non-Stop 08/25 L N/A Long is risky when long term signals are on the sell side. Cobra Impulse 09/07 L 1.7*ATR(10) *Short if below 09/14 low and close red tomorrow, stop loss = 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 09/14/2011 $41.45 50 $36.89   SSO 09/13/2011 $40.51 50 $35.65 09/13/2011 $40.88 18.50   SDS 09/13/2011 $24.03 100 $21.39     SDS 09/02/2011 $24.35 100 $21.43 09/13/2011 $23.48 3.00   SDS 09/01/2011 $22.94 100 $19.96 09/01/2011 $23.01 7.00   SSO 08/30/2011 $44.09 50 $38.69 09/12/2011 $38.69 -270.00 Gap down, manual stop loss used. LAST   2935.00   SUM   2693.50

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