Live Update

Thursday, July 21, 2011

07/21/2011 Trading Signals


No idea about tomorrow but I still think we’ll see some short-term weakness ahead. I don’t see chart pattern to confirm my view yet so perhaps not tomorrow but the evidences I presented in 07/20 Market Outlook are too many to be ignored. It’s like when evidences were arguing for a bullish July, and once it seemed it’d be failed but look at where we’re now. So let’s keep this in mind, as long as we remember expectation is merely an expectation until price confirms.

Those who followed the TradingMarkets setups I mentioned in 07/14 Trading Signals, it’s time to close all long positions now.


Those who follow Cobra Impulse System, the short setup is not confirmed and no longer valid. The system has no more setup pending now.


SPY SYSTEM ENTRY STOP LOSS Current 2*ATR(10) value: SSO=6%; SDS=6%; UPRO=9%;SPXU=9%
Non-Stop 07/15 S N/A Short is for aggressive traders only.
Cobra Impulse  
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 07/21/2011 $54.06 100 $50.82 07/21/2011 $54.84 78.00  
SSO 07/19/2011 $52.79 50 *$50.82  
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   2270.50  
  • $300 max loss allowed per trade. For fun only.
  • LAST = Year to the last month balance. SUM = Year to date realized gains/losses.
blog comments powered by Disqus


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.