02/04/2011 After Bell Quick Summary


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

The market closed strong, looks like it’ll gap up huge the coming Monday, but personally I don’t think the Monday gap if any could hold as there’re simply too many unfilled gaps especially COMPQ which now has 11 high to low gaps. Well, I know you don’t believe this kind of gap stuff, but INDU has been up 5 days in a row, short at today’s close and cover at the first down day close since 1999, you’ll have 67% chances. If another up day for INDU (that’s Monday), short at close than you’ll have 73% chances.

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 02/04/2011 $51.78 200 $50.81 02/04/2011 $51.98 40.00  
SSO 02/02/2011 $51.72 200 $50.69 02/03/2011 $51.86 28.00  
SSO 02/01/2011 $51.03 50 $51.23 02/02/2011 $51.62 29.50  
SSO 02/01/2011 $51.03 50 $49.23 02/01/2011 $51.46 21.50 Partial profit to lock SDS losses.
SDS 01/31/2011 $22.77 300 $22.09 02/01/2011 $22.09 -204.00  
JAN 415.00  
SUM 330.00  
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