01/03/2011 After Bell Quick Summary

The bottom line, the short-term trend is up, I hold partial long position overnight.

For a strong up day like today (not as strong as I imaged though), generally I don’t expect it to fail right away, especially seasonality wise, tomorrow, the last day of the Santa Rally, Dow was up 12 of last 17. Certainly, I don’t expect a huge up day tomorrow as well, because TICK closed above 1,000 which at least doesn’t support a 1%+ up day tomorrow if not red.


Demo account for short-term model, $200 max loss allowed per trade. Mechanical trading signal, for fun only.

TICKER Entry Date Entry Price Share Stop Loss Exit Date Exit Price Profit Comment
SSO 12/30/2010 $48.02 100 $47.66  
SSO 12/30/2010 $48.02 100 $47.44 01/03/2011 $49.20 118.00 Partial profit.
SDS 12/30/2010 $23.88 400 $23.60 01/03/2011 $23.30 -232.00 Gap down, manual stop loss used.
SUM -114.00
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