THE SHORT-TERM TREND IS UP, I HOLD NO POSITION OVERNIGHT
The bottom line, I think the rebound isn’t over yet.
Don’t expect huge up day if not red tomorrow as TICK closed above 1,000 again today.
Also slightly (60%) bearish for tomorrow when NYADV closed too high.
One short setup triggered: SPY up 3 days in a row while volume down 2 days in a row forming a price volume negative divergence, short at today’s close, seems mostly profitable within 6 trading days.
If red and lower below today’s low tomorrow then Cobra Impulse System is short. Such a short setup HAD 70% winning rate since the last 2,000 trading days.
| MECHANICAL TRADING SIGNALS |
| SPY SYSTEM | ENTRY | STOP LOSS | Current 2*ATR(10) value: SSO=18%; SDS=18%; UPRO=27%;SPXU=27% | | Non-Stop | 08/02 S | N/A | Short is for aggressive traders only. | | Cobra Impulse | | | *Short if break below 08/15 low and close in red. The stop loss is 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 | 08/15/2011 | $42.86 | 50 | $35.14 | 08/15/2011 | $43.26 | 20.00 | | | SSO | 08/11/2011 | $40.16 | 50 | $32.93 | 08/11/2011 | $41.53 | 68.50 | Position too small to split, could hold overnight. | | SDS | 08/08/2011 | $25.94 | 100 | $23.61 | 08/08/2011 | $26.58 | 64.00 | Had to leave earlier today so sold too soon. | | SDS | 08/04/2011 | $23.13 | 100 | $21.51 | 08/09/2011 | $28.35 | 522.00 | | | SDS | 08/04/2011 | $23.13 | 100 | $21.51 | 08/04/2011 | $24.00 | 87.00 | | | LAST | | | | | | | 2248.50 | | | SUM | | | | | | | 3010.00 | | |
- $500 max loss allowed per trade. For fun only.
- LAST = Year to the last month balance. SUM = Year to date realized gains/losses.
|
