01/07/2011 After Bell Quick Summary


Cobra's Market View Private Messaging System shows:


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

No idea about Monday, so far it’s a range bounded market so we have to wait until the breakout to get the true direction.

One trick today, when both VIX and SPX closed in red, 30 out of 44 times (68%) a green day the next day.

1

Enjoy your weekend!

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 $49.04 100 $47.65 Setup unclear, could be a long at close.
SSO 01/06/2011 $49.26 100 $48.29 01/07/2011 $48.28 -98 Stop loss.
SSO 01/06/2011 $49.26 100 $48.29 01/07/2011 $49.50 24 Target met, partial profit.
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 -88.00
© 2013 Cobra's Market View — All Rights Reserved.