05/27/2011 Trading Signals


Cobra's Market View Private Messaging System shows:


THE SHORT-TERM TREND IS UP, I HOLD BOTH LONG AND SHORT (TRAPPED) OVER THE WEEKEND

Mixed seasonality for the next Tuesday. On one hand, according to Stock Trader’s Almanac, day after Memorial Day, Dow up 8 of last 11. On the other hand, recently the Monday and Tuesday were mostly not so pleasant (see dashed red lines).

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My guess, purely from the chart pattern, we should have at least one more push up the next Tuesday. This push up is critical because if it cannot make a decisive higher high, then there’re some chances that the rebound is over, the 05/25 lows will be revisited.

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Those who plan to follow Cobra Impulse System, the short setup is no longer valid today.

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Enjoy your long weekend!

MECHANICAL TRADING SIGNALS: 

  TREND MOMENTUM COMMENT
Long-term 2 of 2 BUY    
Intermediate 5 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 05/10 S N/A Short is for aggressive traders only.
CI Buy & Hold 05/17 S N/A  
CI Swing

DEMO ACCOUNT FOR SHORT-TERM MODEL:

TICKER Entry Date Entry Share Stop Loss Exit Date Exit Profit Comment
SSO 05/27/2011 $53.70 100 $52.13 Mistakenly closed the 05/26 long, bought back.
SSO 05/26/2011 $53.24 200 $52.13 05/26/2011 $53.41 34.00  
SDS 05/25/2011 $20.92 200 *$20.05 Not fully positioned, may add on the way up.
SDS 05/23/2011 $20.93 200 $20.05 05/25/2011 $21.15 44.00  
SSO 05/20/2011 $54.61 100 $52.74 05/23/2011 $52.41 -221.00 Gap down, manual stop loss used.
SSO 05/18/2011 $54.27 100 $52.74 05/18/2011 $54.65 38.00  
SDS 05/16/2011 $20.51 400 $19.97 05/23/2011 $20.88  148.00  
SDS 05/13/2011 $20.38 300 $19.97 05/13/2011 $20.43 15.00 Half positioned.
SSO 05/12/2011 $54.70 50 $53.49 05/12/2011 $55.26 28.00  
SSO 05/10/2011 $55.50 50 $55.12 05/10/2011 $55.99  24.50  
SDS 05/09/2011 $20.40 300 $19.47 05/12/2011 $20.44 12.00  
SSO 05/06/2011 $55.49 50 $53.49 05/12/2011 $55.18 -15.50 Half positioned.
SDS 05/06/2011 $20.17 200 $19.47 05/06/2011 $20.40 46.00 Half positioned.
SDS 05/04/2011 $20.12 200 $19.47 05/09/2011 $20.25 26.00 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   1692.00  
  • $200 max loss allowed per trade. For fun only.
  • LAST = Year to the last month balance.
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