01/05/2011 After Bell Quick Summary


Cobra's Market View Private Messaging System shows:


The bottom line, the short-term trend is up, but I hold no position overnight.

No clue about tomorrow, but since the trend is still up and the intraday pattern looks like a Bull Flag to me so I’ll assume the trend will continue up? And the target, according to the measured move, could be $128.32.

SPY15min

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 01/04/2011 $49.02 100 $47.65 01/05/2011 $49.38 36.00
SSO 12/30/2010 $48.02 100 $48.66 01/04/2011 $48.66 64.00  
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 -14.00
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