06/23/2011 Trading Signals


Cobra's Market View Private Messaging System shows:


THE SHORT-TERM TREND IS NOT CLEAR, I HOLD BOTH LONG (TRAPPED) AND SHORT (TRAPPED) OVERNIGHT

I think bulls scored today, the chart looks promising – a successful back test of the previous low then sharp rebound, all bulls need the next is to make their first higher high to confirm indeed the low was in. The bears only hope is ChiOsc which looks way too high, but if this is the very beginning of a strong push up from a bottom, then very high ChiOsc only means the up momentum is strong. All in all, key day again tomorrow, but now bulls got the ball and are attacking…

1

MECHANICAL TRADING SIGNALS: 

  TREND MOMENTUM COMMENT
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 06/01 S 06/15 High Stopped out on 06/21 with gains.

DEMO ACCOUNT FOR SHORT-TERM MODEL:

TICKER Entry Date Entry Share Stop Loss Exit Date Exit Profit Comment
SDS 06/23/2011 $22.45 100 $21.34 Trend unclear, half positioned.
SSO 06/22/2011 $50.30 50 *$48.35 Sharp gap down, manual stop loss used.
SSO 06/21/2011 $50.35 100 $48.06 06/21/2011 $51.10 75.00  
SDS 06/20/2011 $22.06 100 $21.54 06/21/2011 $21.46 -60.00 Not fully positioned, may add on the way up.
SDS 06/16/2011 $22.37 200 $21.54 06/16/2011 $22.65 56.00  
SDS 06/15/2011 $22.23 100 $21.54 06/20/2011 $22.29 6.00 Not fully positioned, may add on the way up.
SSO 06/14/2011 $50.23 100 $48.64 06/14/2011 $50.45 22.00  
SDS 06/13/2011 $22.40 100 $21.54 06/15/2011 $22.58 18.00 Not fully positioned, may add on the way up.
SDS 06/09/2011 $21.80 100 $21.11 06/10/2011 $22.23 43.00 Not fully positioned, may add on the way up.
SDS 06/08/2011 $22.02 200 $21.11 06/08/2011 $22.18 32.00  
SDS 06/06/2011 $21.57 100 $21.11 06/13/2011 $22.36 79.00  
SDS 06/06/2011 $21.57 200 $20.85 06/06/2011 $21.93 72.00  
SDS 06/01/2011 $20.61 100 $20.05 06/03/2011 $21.53 92.00  
SSO 05/27/2011 $53.70 100 $52.13 06/02/2011 $52.13 -157.00 Mistakenly closed the 05/26 long, bought back.
SDS 05/25/2011 $20.92 200 $20.05 06/02/2011 $21.15 46.00 Not fully positioned, may add on the way up.
LAST   1692.00  
SUM   2016.00  
  • $200 max loss allowed per trade. For fun only.
  • LAST = Year to the last month balance.
  • The short-term model is not a part of Cobra Impulse System.
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