Live Update

Wednesday, July 20, 2011

07/20/2011 Trading Signals


Although a little too early to claim bear, but I think I’ve gathered enough evidences arguing for at least some short-term weakness ahead. I’ll as usual, present my witnesses in tonight’s report, stay tuned.

Those who follow Cobra Impulse System, the short setup is not confirmed today but still valid for tomorrow, see table below for detailed instructions. Please note the short is for aggressive traders only as the winning rate was only 69% for the past 2,000 trading days.


SPY SYSTEM ENTRY STOP LOSS Current 2*ATR(10) value: SSO=6%; SDS=5%; UPRO=8%;SPXU=8%
Non-Stop 07/15 S N/A Short is for aggressive traders only.
Cobra Impulse *Short if breakdown below 07/20 low tomorrow and close in red.
*The stop loss will be 2*ATR(10).
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 07/19/2011 $52.79 50 $49.62  
SSO 07/19/2011 $52.79 50 $49.62 07/19/2011 $53.40 30.50  
SDS 07/14/2011 $20.65 300 $19.62 07/14/2011 $20.94 87.00  
SDS 07/13/2011 $20.50 200 $19.27 07/13/2011 $20.63 26.00  
SDS 07/11/2011 $20.37 100 $19.62  
SDS 07/11/2011 $20.37 100 $19.15 07/11/2011 $20.60 23.00  
SSO 07/08/2011 $54.84 50 $52.10 07/14/2011 $52.10 137.00 Speculation play, half positioned.
SSO 07/07/2011 $55.46 100 $52.69 07/07/2011 $55.76 30.00  
SSO 07/06/2011 $54.22 100 $51.51 07/06/2011 $54.34 12.00  
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 $52.69 07/11/2011 $53.42 156.00  
LAST   1905.00  
SUM   2192.50  
  • $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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