07/18/2011 Trading Signals


Cobra's Market View Private Messaging System shows:


THE SHORT-TERM TREND IS DOWN, I HOLD PARTIAL SHORT POSITION OVERNIGHT

A little bullish biased toward tomorrow because 40 out of 62 times (65%) a green day after a Major Distribution Day (NYSE Down Volume : NYSE Up Volume >= 9). A little bit longer term than tomorrow, although we might see a rebound of some kind but chances are little little little little bit higher that the selling isn’t over yet. I’ll as usual, present my witness in tonight’s report.

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Those who follow Cobra Impulse System, there’s a potential short setup for tomorrow, see table below for detailed instructions. Please note the short is for aggressive traders only as the winning rate was only 69% for the past 2,000 trading days.

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MECHANICAL TRADING SIGNALS
SPY SYSTEM ENTRY STOP LOSS Current 2*ATR(10) value: SSO=6%; SDS=5%; UPRO=8%;SPXU=8%
Non-Stop 07/15 S N/A Short is for aggressive traders only.
Cobra Impulse *Short if breakdown below 07/18 low tomorrow and close in red.
*The stop loss will be 2*ATR(10).
DEMO ACCOUNT FOR SHORT-TERM MODEL (Attention: This is not part of Cobra Impulse System)
TICKER Entry Date Entry Share Stop Loss Exit Date Exit Profit Comment
SDS 07/14/2011 $20.65 300 $19.62 07/14/2011 $20.94 87.00  
SDS 07/13/2011 $20.50 200 $19.27 07/13/2011 $20.63 26.00  
SDS 07/11/2011 $20.37 100 $19.62  
SDS 07/11/2011 $20.37 100 $19.15 07/11/2011 $20.60 23.00  
SSO 07/08/2011 $54.84 50 $52.10 07/14/2011 $52.10 137.00 Speculation play, half positioned.
SSO 07/07/2011 $55.46 100 $52.69 07/07/2011 $55.76 30.00  
SSO 07/06/2011 $54.22 100 $51.51 07/06/2011 $54.34 12.00  
SSO 07/01/2011 $53.90 100 $51.21 07/01/2011 $54.50 60.00 New stop loss strategy: 2*ATR(10) used.
SSO 06/22/2011 $50.30 50 $52.69 07/11/2011 $53.42 156.00  
LAST   1905.00  
SUM   2162.00  
  • $300 max loss allowed per trade. For fun only.
  • LAST = Year to the last month balance. SUM = Year to date realized gains/losses.
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