Cobra's Market View Private Messaging System shows:
THE SHORT-TERM TREND IS DOWN, I HOLD PARTIAL SHORT POSITION OVERNIGHT
I see chances for a green day tomorrow:
- 65% chances a green day tomorrow because today is a Major Distribution Day (NYSE Down Volume : NYSE Up Volume >= 9).
- Thursday has been mostly bullish recently.
Those who follow Cobra Impulse System, again, the stop loss needs a little adjustment. Remember the model is designed to stay in the trend as long as possible until the stop loss is taken, so decide for yourself whether a partial profit taking is needed.
MECHANICAL TRADING SIGNALS:
|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.|
|Cobra Impulse||06/01 S||*06/14 High||*Adjust stop loss.|
DEMO ACCOUNT FOR SHORT-TERM MODEL: