Cobra's Market View Private Messaging System shows:
THE SHORT-TERM TREND IS UP, I HOLD LONG POSITION OVERNIGHT
Tomorrow is the 1st trading of a new month, seasonality is always bullish. Also according to Stock Trader’s Almanac, first trading day in July, Dow up 18 of last 21.
Those who follow Non-Stop model, since both BPSPX and BPNDX are buy yesterday (due to CBOE data delay, I cannot give signals in yesterday’s AH, the next time I’d remind you in the Market Outlook instead of in the Trading Signals), so it’s time to cover short and initiate a long position. You can of course wait for a few days to avoid whipsaw as the model has only 50% winning rate which is very typical of a trend following system that relies on a long lasting trend to win in the long run.
Those who follow Cobra Impulse System, it’s time to set your stop loss to breakeven (a little above your entry price).
MECHANICAL TRADING SIGNALS:
|Long-term||2 of 2 BUY|
|Intermediate||3 of 5 *BUY||5 of 5 NEUTRAL||Cobra Impulse in BUY mode; Non-Stop in *BUY mode.|
|Short-term||5 of 6 NEUTRAL|
|SPY SYSTEM||ENTRY||STOP LOSS||INSTRUCTION: back test is HERE, signals are HERE.|
|Non-Stop||*06/30 L||N/A||*Close short opened on 05/10 with gains, long on 06/30.|
|Cobra Impulse||06/29 L||*Breakeven||*Adjust stop loss.|
DEMO ACCOUNT FOR SHORT-TERM MODEL: