Live Update

Friday, August 26, 2011

08/26/2011 Trading Signals


The bottom line, more likely more up ahead but bulls need show more strength to prove that a new bull market has started otherwise I’m afraid the Aug 9 lows will be revisited.

I don’t expect a huge up Monday if not red, because TICK closed above 1,000 again. It’s rare to up more than 1% the next day and we had an exception just a few days ago, so the chances for another exception is low (yeah yeah, I know I don’t understand the very basic theory of possibility blah blah blah, but please pay attention to my wording: I said low not lower, OK?).


Those who follow Cobra Impulse System, the long position got stopped out today.


Enjoy your weekend!

SPY SYSTEM ENTRY STOP LOSS Current 2*ATR(10) value: SSO=13%; SDS=13%; UPRO=20%;SPXU=20%
Non-Stop 08/25 L N/A Long is risky when long term signals are on the sell side.
Cobra Impulse 08/23 L breakeven *Stopped out of long on 08/26 flat.
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
SDS 08/19/2011 $26.70 100 $23.17 Hold until the 1st failure, not because it’s safe.
SDS 08/18/2011 $25.52 100 $22.46 08/19/2011 $26.81 129.00  
SSO 08/17/2011 $42.60 50 $37.49 Not a new setup, just a buyback of 08/16 longs.
SSO 08/16/2011 $42.82 50 $35.54 08/17/2011 $43.40 29.00  
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   3159.00  
  • $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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