03/11/2011 After Bell Quick Summary


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The bottom line, the short-term trend is down, not confirmed though. I hold no position over the weekend.

I have no idea about the next Monday. Seasonality is very strong as according to Stock Trader’s Almanac, Monday before March expiration, Dow up 17 of last 23 and we could have a Head and Shoulders Bottom breakout with text book target at $131.93. On the other hand, the close doesn’t look good, could be a Shooting Star formed on a back test of the broken Symmetrical Triangle. I’ll see if I could find more excuses for either bulls or bears in the weekend to make a more solid conclusion. For now, the most important thing is, enjoy your weekend!

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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 03/07/2011 $52.17 100 $50.84 03/09/2011 $52.57 40.00 Half positioned. 
SSO 03/04/2011 $53.01 100 $50.84 03/07/2011 $53.23 22.00 Half positioned.
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 03/10/2011 $21.82 231.00 Close all as per new strategy.
LAST 691.00  
SUM 1138.00  
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