Live Update

Friday, January 7, 2011

01/07/2011 After Bell Quick Summary

The bottom line, the short-term trend is up. I hold no position over the weekend.

No idea about Monday, so far it’s a range bounded market so we have to wait until the breakout to get the true direction.

One trick today, when both VIX and SPX closed in red, 30 out of 44 times (68%) a green day the next day.

1

Enjoy your weekend!

Demo account for short-term model, $200 max loss allowed per trade. Mechanical trading signal, for fun only.
TICKER Entry Date Entry Price Share Stop Loss Exit Date Exit Price Profit Comment
SSO $49.04 100 $47.65 Setup unclear, could be a long at close.
SSO 01/06/2011 $49.26 100 $48.29 01/07/2011 $48.28 -98 Stop loss.
SSO 01/06/2011 $49.26 100 $48.29 01/07/2011 $49.50 24 Target met, partial profit.
SSO 01/04/2011 $49.02 100 $47.65 01/05/2011 $49.38 36.00
SSO 12/30/2010 $48.02 100 $48.66 01/04/2011 $48.66 64.00
SSO 12/30/2010 $48.02 100 $47.44 01/03/2011 $49.20 118.00 Partial profit.
SDS 12/30/2010 $23.88 400 $23.60 01/03/2011 $23.30 -232.00 Gap down, manual stop loss used.
SUM -88.00
blog comments powered by Disqus

Disclaimer

The information contained on this website and from any communication related to the author’s blog and chartbook is for information purposes only. The chart analysis and the market recap do not hold out as providing any financial, legal, investment, or other advice. In addition, no suggestion or advice is offered regarding the nature, profitability, suitability, sustainability of any particular trading practice or investment strategy. The materials on this website do not constitute offer or advice and you should not rely on the information here to make or refrain from making any decision or take or refrain from taking any action. It is up to the visitors to make their own decisions, or to consult with a registered professional financial advisor.

This websites provides third-party websites for your convenience but the author does not endorse, approve, or certify the information on other websites, nor does the author take responsibility for a part or all materials on the third-party websites which are not maintained by the author.