The bottom line, the short-term trend is up. I hold partial long position overnight.
OK, no inertia at least on the downside, let’s see whether it applies on the upside, as a strong up day like today most likely won’t be just a one day wonder, at least a higher high could be expected. Although chances are a little bit higher that we’ll see a gap down tomorrow morning because we’ve had 5 consecutive gap ups.
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||02/01/2011||$51.03||50||$49.23||02/01/2011||$51.46||21.50||Partial profit to lock SDS losses.|