Cobra's Market View Private Messaging System shows:
THE SHORT-TERM TREND IS NOT CLEAR, I HOLD TINY LONG POSITION OVERNIGHT FOR SPECULATION PLAY ONLY
Tomorrow is the most bullish day of the week recently as you can clear see from the chart below.
One interesting thing I noticed though, 5 out of 6 red FOMC days (see red arrow below) were followed by another red day since July 2008, so a red day tomorrow? The cases are too few to read much of course.
The short setup of Cobra Impulse System mentioned yesterday is no longer valid. The system holds no position now.
MECHANICAL TRADING SIGNALS:
|Long-term||2 of 2 BUY|
|Intermediate||4 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||Stopped out on 06/21 with gains.|
DEMO ACCOUNT FOR SHORT-TERM MODEL: