08/12/2011 Trading Signals


Cobra's Market View Private Messaging System shows:


THE SHORT-TERM TREND IS UP, I HOLD NO POSITION OVE THE WEEKEND

The bottom line, I think the rebound isn’t over yet.

No idea about the next Monday as on one hand, according to Stock Trader’s Almanac, Monday before August expiration, Dow up 11 of last 15, but from the chart below, Mondays were mostly bearish recently.

1

The short setup of Cobra Impulse System wasn’t confirmed today and no longer valid.

2

Enjoy your weekend!

MECHANICAL TRADING SIGNALS
SPY SYSTEM ENTRY STOP LOSS Current 2*ATR(10) value: SSO=18%; SDS=14%; UPRO=30%;SPXU=19%
Non-Stop 08/02 S N/A Short is for aggressive traders only.
Cobra Impulse 08/04 S 08/08 High Stopped out  of short position on 08/11 with gains.
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
SSO 08/11/2011 $40.16 50 $32.93 08/11/2011 $41.53 68.50 Position too small to split, could hold overnight.
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   2990.00  
  • $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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