05/10/2011 Trading Signals

THE SHORT-TERM TREND IS UP, I HOLD BOTH SHORT (TRAPPED) AND LONG OVERNIGHT

Tomorrow, I guess it’s up because the sentiment is very bullish so always assuming the most bullish case would not be a bad idea and accordingly the day after tomorrow would be in red. I’ll explain why if indeed another up day tomorrow.

A short setup is triggered today, for aggressive traders of course. SPY up 3 days in a row while volume down 2 days in a row (so called price volume negative divergence), short at today’s close, surprisingly (because I really hate such a setup) it worked most of the time.

Those who followed the TradingMarkets signals I mentioned in 05/05 Trading Signals, just a reminder that more sell conditions were met today.

And those who followed the Cobra Impulse System, the stop loss needs to be adjusted now.

MECHANICAL TRADING SIGNALS: 

	TREND	MOMENTUM	COMMENT
Long-term	2 of 2 BUY
Intermediate	3 of 5 SELL	5 of 5 NEUTRAL	Cobra Impulse in BUY mode; Non-Stop in SELL mode.
Short-term		6 of 6 NEUTRAL
SPY SYSTEM	ENTRY	STOP LOSS	INSTRUCTION: back test is HERE, signals are HERE.
Non-Stop	*05/10 S	N/A	*Short is for aggressive traders only.
CI Buy & Hold	04/28 L	N/A
CI Swing	05/06 L	*Breakeven	*Adjust stop loss.

DEMO ACCOUNT FOR SHORT-TERM MODEL:

TICKER Entry Date Entry Share Stop Loss Exit Date Exit Profit Comment SSO 05/10/2011 $55.50 50 $55.12 05/10/2011 $55.99  24.50   SDS 05/09/2011 $20.40 300 $19.47         SSO 05/06/2011 $55.49 50 $53.49       Half positioned. SDS 05/06/2011 $20.17 200 $19.47 05/06/2011 $20.40 46.00 Half positioned. SDS 05/04/2011 $20.12 200 $19.47 05/09/2011 $20.25 26.00 Half positioned. SDS 05/03/2011 $19.94 300 $19.47 05/03/2011 $19.98 12.00 Half positioned. SSO 04/20/2011 $53.62 100 $54.73 05/04/2011 $54.73 111.00   LAST 1387.00   SUM 1606.50

$200 max loss allowed per trade. For fun only. LAST = Year to the last month balance.