THE TREND IS UP AS PER SHORT-TERM MODEL, HOLDING BOTH LONG AND SHORT (TRAPPED) OVERNIGHT
The bottom line, although up 4 days in a row, but overall the rebound is weaker than the previous one, so the big picture still is down. Just in the short-term before seeing any obvious weakness I’m more willing to bet on the long side.
A short setup is triggered according to TradingMarkets which claimed to have 68% chances.
The short setup of the Cobra Impulse System wasn’t confirmed today and no longer valid and it’s time to set the stop loss to breakeven.
| MECHANICAL TRADING SIGNALS |
| SPY SYSTEM | ENTRY | STOP LOSS | Current 2*ATR(10) value: SSO=10%; SDS=12%; UPRO=15%;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 | *Breakeven | *Adjust stop loss. | |
| 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 | 09/15/2011 | $43.00 | 50 | $38.27 | 09/15/2011 | $43.53 | 26.50 | | | SSO | 09/14/2011 | $41.45 | 50 | *$38.27 | | | | | | 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 | | | | | | | 2720.00 | | |
- $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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