05/04/2011 Trading Signals


Cobra's Market View Private Messaging System shows:


THE BOTTOM LINE, THE SHORT-TERM TREND IS DOWN, I HOLD SHROT POSITION OVERNIGHT.

No idea about tomorrow but the chart pattern looks incomplete so my guess is after the rebound there’d be another leg down to test today’s low at least.

QQQ down 5 days in a row, buy at close today and sell on the very first up day, you’ll have 76% chances since year 2003.

2

MECHANICAL TRADING SIGNALS: 

TREND MOMENTUM COMMENT
Long-term 2 of 2 BUY
Intermediate 4 of 5 BUY 5 of 5 NEUTRAL Cobra Impulse in BUY mode; Non-Stop in BUY mode.
Short-term 6 of 6 NEUTRAL
SPY SYSTEM ENTRY STOP LOSS INSTRUCTION: back test is HERE, signals are HERE.
Non-Stop 04/28 L N/A
CI Buy & Hold 04/28 L N/A
CI Swing *Long if break 05/04 high and close in green tomorrow.
The stop loss will be 1.7*ATR(10).

DEMO ACCOUNT FOR SHORT-TERM MODEL:

TICKER Entry Date Entry Share Stop Loss Exit Date Exit Profit Comment
SDS 05/04/2011 $20.12 200 $19.47 Half positioned.
SDS 05/03/2011 $19.94 300 $19.47 05/03/2011 $19.98 12.00 Half positioned.
SSO 04/20/2011 $53.62 100 $54.73 05/04/2011 $54.73 111.00  
LAST 1387.00  
SUM 1510.00  
  • $200 max loss allowed per trade. For fun only.
  • LAST = Year to the last month balance.
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