Cobra's Market View Private Messaging System shows:
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|
|SDS||12/30/2010||$23.88||400||$23.60||01/03/2011||$23.30||-232.00||Gap down, manual stop loss used.|