Live Update

Friday, July 1, 2011

07/01/2011 Trading Signals


I don’t have good feelings for the next week. Very strong momentum guarantees more on the upside, that’s for true, but if you drive your car over 200 miles per hour on a 50 mile limited road and still accelerating, that’s too much.

At least I don’t expect the next Tuesday to be up much if not red, because TICK closed above 1,000 today.


With no exception, NYADV MA(5) argues for a red Tuesday.


One short setup: 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 worked well for the past 3 years.


Enjoy your long weekend!

SPY SYSTEM ENTRY STOP LOSS Current 2*ATR(10) value: SSO=5%; SDS=6%; UPRO=8%;SPXU=10%
Non-Stop 06/30 L N/A
Cobra Impulse 06/29 L Breakeven
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 07/01/2011 $53.90 100 $51.21 07/01/2011 $54.50 60.00 New stop loss strategy: 2*ATR(10) used.
SSO 06/22/2011 $50.30 50 $50.73  
LAST   1905.00  
SUM   1965.00  
  • $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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