Cobra's Market View Private Messaging System shows:
The bottom line, the short-term trend is up, not confirmed though. I hold both long (trapped) and short (trapped) over the weekend.
Some of long setups I mentioned in 04/12 After Bell Quick Summary should be closed now (red lines), except one still is on (blue line).
As for the next week, a red Option Expiration week WAS generally not good for the following week, but I simply have no confidences in any bearish statistics now.
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|
|SDS||04/14/2011||$21.24||100||$20.62||Speculation play only.|
|SDS||04/13/2011||$21.19||300||$20.62||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.|