04/25/2011 Trading Signals


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THE BOTTOM LINE, THE SHORT-TERM TREND IS UP, I HOLD LONG POSITION OVERNIGHT.

I see both bullish and bearish arguments, so guess we’ll have to wait for tomorrow. Overall, I don’t think the market would move big prior to FOMC which is due on Wednesday.

The VIX BB short setup I talked the other day was triggered today. Although the setup disregards the current trend, but personally, I don’t like to trade against the trend which is up now.

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P.S. I’ve changed the format, starting from today, the report after bell will focus on trading signals while the report at night will simply blah blah with no trading signals involved.

INDICATORS AND MECHANICAL TRADING SIGNALS
TREND MOMENTUM COMMENT
Long-term 2 of 2 BUY
Intermediate 3 of 5 SELL 5 of 5 NEUTRAL Cobra Impulse in SELL mode; Non-Stop in SELL mode.
Short-term 6 of 6 NEUTRAL
SPY SYSTEM ENTRY STOP LOSS INSTRUCTION: back test is HERE, signals are HERE.
Non-Stop 04/15 S N/A Short is for aggressive traders only.
CI Buy & Hold 04/18 S N/A
CI Swing 04/18 S 2*ATR(10) Stopped out on 04/21 with loss.
OTHER ETFS TREND CANDLESTICK COMMENT
QQQ & Weekly UP *Spinning Top
IWM & Weekly UP *2 Doji
SSEC & Weekly UP
EEM & Weekly UP
XIU & Weekly DOWN *Bearish Engulfing  *May see further pullback.
TLT & Weekly UP
FXE & Weekly UP *2 Black bars *Could see pullbacks from here.
GLD & Weekly UP *Black bar
GDX & Weekly UP *Bearish Engulfing
USO & Weekly UP *Dark Cloud Cover
XLE & Weekly UP *Bearish Engulfing 
XLF & Weekly DOWN *2 Doji *Could see more pullbacks.
IYR & Weekly UP
XLB & Weekly UP
DBA & Weekly DOWN *Bearish Engulfing *Could see more pullbacks.
  • * = New update; Blue Text = Link to a chart in my public chart list.
  • UP = Intermediate-term uptrend. Set when weekly buy signal is triggered.
  • DOWN = Intermediate-term downtrend. Set when weekly sell signal is triggered.
DEMO ACCOUNT FOR SHORT-TERM MODEL
TICKER Entry Date Entry Share Stop Loss Exit Date Exit Profit Comment
SSO 04/25/2011 $53.99 100 $52.02 04/25/2011 $54.07 8.00  
SSO 04/20/2011 $53.62 100 *$52.02 New strategy, always hold.
SDS 04/19/2011 $21.54 200 $20.95 04/20/2011 $20.72 -174.00  
SDS 04/14/2011 $21.24 100 $20.95 04/20/2011 $20.72 -52.00  
SDS 04/13/2011 $21.19 300 $20.62 04/18/2011 $21.54 105.00  
SDS 04/12/2011 $21.30 200 $20.45 04/13/2011 $21.40 20.00  
SSO 04/11/2011 $53.16 100 $51.38 04/18/2011 $51.37 -179.00  
SDS 04/11/2011 $20.93 200 $20.45 04/12/2011 $21.34 82.00  
SSO 04/08/2011 $53.47 100 $51.57 04/11/2011 $53.58 11.00  
SDS 04/07/2011 $20.71 400 $20.46 04/08/2011 $20.86 60.00 1st short, half positioned.
SSO 04/07/2011 $54.35 100 $53.09 04/08/2011 $54.36 1.00  
SSO 04/06/2011 $53.93 200 $53.09 04/06/2011 $54.13 40.00  
SSO 04/04/2011 $53.74 100 $53.09 04/08/2011 $54.00 26.00  
SSO 04/01/2011 $54.00 100 $51.57 04/05/2011 $54.18 18.00  
SSO 03/28/2011 $52.02 100 $49.91 04/01/2011 $54.09 207.00  
LAST 1158.00  
SUM 1331.00  
  • $200 max loss allowed per trade. For fun only.
  • LAST = Year to the last month balance.
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