The bottom line, the short-term trend is down. I hold partial short position overnight.
No idea about tomorrow, VIX surge more than 18% yesterday and SPX down again today, long at close and sell tomorrow, doesn’t show much edge since year 1991. If you simply hold the long until the very first green day, then the winning rate is much better but the draw down could be terrible, so again, tough to call. I don’t feel good about the chart pattern though, could miss one final leg to test today’s low which I’ll discuss in tonight’s report (not sure about this part either).
| TICKER | Entry Date | Entry Price | Share | Stop Loss | Exit Date | Exit Price | Profit | Comment |
| SDS | 02/22/2011 | $21.05 | 300 | $20.62 | ||||
| SDS | 02/22/2011 | $21.05 | 200 | $20.62 | 02/22/2011 | $21.55 | 100.00 | Partial profit. |
| SSO | 02/17/2011 | $54.05 | 200 | $53.26 | 02/17/2011 | $54.49 | 88.00 | |
| SSO | 02/16/2011 | $54.08 | 300 | $53.78 | 02/16/2011 | $54.28 | 60.00 | |
| SSO | 02/15/2011 | $53.68 | 100 | $52.18 | 02/16/2011 | $53.95 | 27.00 | Target met. |
| SSO | 02/11/2011 | $52.87 | 100 | $52.18 | 02/16/2011 | $53.86 | 99.00 | Too nervous, shouldn’t close this. |
| SSO | 02/11/2011 | $52.87 | 100 | $51.78 | 02/11/2011 | $53.36 | 49.00 | Partial profit to lock SDS losses. |
| SDS | 02/10/2011 | $21.68 | 500 | $21.27 | 02/11/2011 | $21.29 | -195.00 | |
| SSO | 02/09/2011 | $52.91 | 200 | $51.84 | 02/10/2011 | $53.03 | 24.00 | |
| SSO | 02/07/2011 | $52.67 | 400 | $52.10 | 02/07/2011 | $52.84 | 68.00 | Rare case for low risk entry. |
| SSO | 02/04/2011 | $51.78 | 200 | $50.81 | 02/04/2011 | $51.98 | 40.00 | |
| SSO | 02/02/2011 | $51.72 | 200 | $50.69 | 02/03/2011 | $51.86 | 28.00 | |
| SSO | 02/01/2011 | $51.03 | 50 | $51.23 | 02/02/2011 | $51.62 | 29.50 | |
| SSO | 02/01/2011 | $51.03 | 50 | $49.23 | 02/01/2011 | $51.46 | 21.50 | Partial profit to lock SDS losses. |
| SDS | 01/31/2011 | $22.77 | 300 | $22.09 | 02/01/2011 | $22.09 | -204.00 | |
| JAN | 415.00 | |||||||
| SUM | 650.00 |
