01/28/2011 After Bell Quick Summary


Cobra's Market View Private Messaging System shows:


The bottom line, the short-term trend is down. I hold partial short position over the weekend.

On a little bit longer than short-term, bears finally see the light at the other side of the tunnel as the daily chart looks not that beautiful anymore. Let’s just pray that the light does not turn out to be the front light of an incoming train, after all, there’s no lower low yet even on SPY 60 min chart.

Odds favor bulls for the next Monday as whenever VIX rises more than 18%, long SPX at close and sell at the very first up day since 1999, you’ve had 81% chances to win something, most likely the next trading 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
SDS 01/28/2011 $22.64 100 $22.65  
SDS 01/28/2011 $22.64 300 $22.09 01/28/2011 $23.03 117.00 Partial profit before weekend.
SSO 01/26/2011 $50.87 200 $49.72 01/26/2011 $51.06 38.00  
SSO 01/24/2011 $50.49 100 $48.97 01/24/2011 $50.52 3.00  
SDS 01/20/2011 $22.98 200 $22.34 01/25/2011 $22.75 -46.00 Half positioned to balance long position.
SSO 01/19/2011 $49.81 100 $48.86 01/21/2011 $50.20 39.00 Speculation play, half positioned.
SDS 01/19/2011 $22.77 500 $22.34 01/19/2011 $22.91 70.00  
SSO 01/14/2011 $50.06 50 $50.73 01/19/2011 $50.73 33.50  
SSO 01/14/2011 $50.06 150 $48.86 01/14/2011 $50.65 88.50  
SSO 01/12/2011 $49.91 100 $48.25 01/12/2011 $50.11 20.00  
SSO 01/11/2011 $49.20 100 $48.25 01/12/2011 $50.02 82.00  
SSO 01/11/2011 $49.20 100 $48.25 01/11/2011 $49.24 4.00 Risk control, half position out.
SSO 01/10/2011 $48.98 100 $47.65 01/11/2011 $49.38 40.00  
SSO 01/06/2011 $49.26 100 $48.29 01/07/2011 $48.28 -98.00 Stop loss.
SSO 01/06/2011 $49.26 100 $48.29 01/07/2011 $49.50 24.00 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 401.00  
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