Cobra's Market View Private Messaging System shows:
The bottom line, the short-term trend is up. I hold no position overnight.
No idea about tomorrow, the chart pattern looks like a pullback of some kind ahead at least intraday, if the past Narrow Range bar consolidation pattern repeats. Anyway, another gap up tomorrow, would be SPY’s 26th gap if unfilled, which would kind make me wonder if I’m still on Earth? I’m from Mars, by the way, which, although, has similar gravity as that of Earth but our stock market simply gaps up everyday and there’s no word like you Earth called “pullback”, so everybody retires before being born, so, forgive me, if sometimes, I’d wonder if I’m still on Earth…
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||01/11/2011||$49.20||100||$48.25||01/11/2011||$49.24||4.00||Risk control, half position out.|
|SSO||01/06/2011||$49.26||100||$48.29||01/07/2011||$49.50||24.00||Target met, partial profit.|
|SDS||12/30/2010||$23.88||400||$23.60||01/03/2011||$23.30||-232.00||Gap down, manual stop loss used.|