THE SHORT-TERM MODEL ARGUES FOR A UPTREND, HOLDING TRAPPED LONG AND SHORT OVERNIGHT
The bottom line, should be more on the upside, but I’m not convinced yet a new bull market has started.
Just a little little bit bearish biased toward tomorrow, most likely won’t be a huge up day again if not red, because TICK closed above 1,000.
Those who follow the Cobra Impulse System, a long position is opened today.
| MECHANICAL TRADING SIGNALS |
| SPY SYSTEM | ENTRY | STOP LOSS | Current 2*ATR(10) value: SSO=12%; SDS=12%; UPRO=17%;SPXU=19% | | Non-Stop | 08/25 L | N/A | Long is risky when long term signals are on the sell side. | | Cobra Impulse | *09/07 L | 1.7*ATR(10) | *Long position initiated. | |
| 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 | 09/02/2011 | $24.35 | 100 | $21.43 | | | | | | SDS | 09/01/2011 | $22.94 | 100 | $19.96 | 09/01/2011 | $23.01 | 7.00 | | | SSO | 08/30/2011 | $44.09 | 50 | $38.69 | | | | Gap down, manual stop loss used. | | LAST | | | | | | | 2935.00 | | | SUM | | | | | | | 2942.00 | | |
- $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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