The bottom line, the short-term trend is up. I hold both long and short over the weekend (New Strategy – try to hold as long as possible, so I still hold the short).

In the intraday comment, I said that bears are losing unless we see a strong follow-through the next Monday which I don’t hope much as the chart below doesn’t look bearish at all. On a little bit longer than short-term, as I mentioned in last night’s report, beware of reversal of reversal of reversal before an important top, which till now looks very much like so.


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 03/04/2011 $53.01 100 $50.84  
SSO 03/03/2011 $53.33 100 $51.52 03/04/2011 $53.49 16.00  
SDS 03/01/2011 $21.37 200 $20.62 03/01/2011 $21.76 78.00 New strategy, half positioned.
SSO 02/28/2011 $53.09 100 $52.20 03/01/2011 $53.69 60.00 New strategy, half positioned.
SDS 02/22/2011 $21.05 300 $20.62 Trying new strategy, so still hold.
LAST 691.00  
SUM 845.00