Cobra's Market View Private Messaging System shows:
The bottom line, the short-term trend is down. I hold both long and short overnight.
A little little bit bullish biased toward tomorrow as whenever SPX down 3 days in a row, buy at today’s close sell at tomorrow’s close since 2003, you have 66% chances. On a little bit longer than short-term, however, as I’ve mentioned in today’s intraday comment, a strong uptrend should never have 3 consecutive down days, so the future is not very bright for bulls. I’ll, as usual, present my witness in tonight’s report to coax you into believing so.
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||04/11/2011||$53.16||100||$51.57||Not sure, speculation play.|
|SDS||04/11/2011||$21.93||200||$20.45||New strategy, always hold.|
|SDS||04/07/2011||$20.71||400||$20.46||04/08/2011||$20.86||60.00||Against trend 1st time, half positioned.|