08/09/2011 Trading Signals


Cobra's Market View Private Messaging System shows:


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.

2

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.
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