THE SHORT-TERM TREND IS NOT CLEAR, I HOLD NO POSITION OVERNIGHT
The bottom line, still think the rebound would fail eventually.
A little bearish biased toward tomorrow because VIX dropped more than 18% today. Since the last 2,000 trading days, if you short SPY at today’s close and cover at close tomorrow, you’ll have 89% chances. And if you hold until the very first red day before covering, you’ll have 100% chances.
| MECHANICAL TRADING SIGNALS |
| SPY SYSTEM |
ENTRY |
STOP LOSS |
Current 2*ATR(10) value: SSO=15%; SDS=10%; UPRO=26%;SPXU=14% |
| Non-Stop |
08/02 S |
N/A |
Short is for aggressive traders only. |
| Cobra Impulse |
08/04 S |
08/08 High |
|
|
| 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 |
08/08/2011 |
$25.94 |
100 |
$23.61 |
08/08/2011 |
$26.58 |
64.00 |
Had to leave earlier today so sold too soon. |
| SDS |
08/04/2011 |
$23.13 |
100 |
$21.51 |
08/09/2011 |
$28.35 |
522.00 |
|
| SDS |
08/04/2011 |
$23.13 |
100 |
$21.51 |
08/04/2011 |
$24.00 |
87.00 |
|
| LAST |
|
|
|
|
|
|
2248.50 |
|
| SUM |
|
|
|
|
|
|
2921.50 |
|
|
- $500 max loss allowed per trade. For fun only.
- LAST = Year to the last month balance. SUM = Year to date realized gains/losses.
|
