Live Update

Monday, August 29, 2011

08/29/2011 Trading Signals


The bottom line, more up ahead but bulls need show more strength to prove that a new bull market has started which till now I’m still remain skeptical.

Two exceptions in a row but the odds are still high when TICK closes above 1,000, unlikely big up day the next day if not red. Plus don’t forget the seasonality is bearish for tomorrow as according to Stock Trader’s Almanac, August’s next-to-last trading day, S&P up only twice in last 14 years.


Those who follow Cobra Impulse System, break above today’s high and close in green tomorrow is long. See table below for more details.


SPY SYSTEM ENTRY STOP LOSS Current 2*ATR(10) value: SSO=12%; SDS=14%; UPRO=18%;SPXU=22%
Non-Stop 08/25 L N/A Long is risky when long term signals are on the sell side.
Cobra Impulse *Long if break 08/29 high and close green tomorrow. Stop loss is 1.7*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 08/29/2011 $42.90 50 $37.75 08/29/2011 $43.66 38.00  
SDS 08/19/2011 $26.70 100 $23.17 08/29/2011 $23.17 -353.00 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 *$37.75 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   2844.00  
  • $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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