08/15/2011 Trading Signals


Cobra's Market View Private Messaging System shows:


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

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

Don’t expect huge up day if not red tomorrow as TICK closed above 1,000 again today.

2

Also slightly (60%) bearish for tomorrow when NYADV closed too high.

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One short setup triggered: SPY up 3 days in a row while volume down 2 days in a row forming a price volume negative divergence, short at today’s close, seems mostly profitable within 6 trading days.

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If red and lower below today’s low tomorrow then Cobra Impulse System is short. Such a short setup HAD 70% winning rate since the last 2,000 trading days.

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MECHANICAL TRADING SIGNALS
SPY SYSTEM ENTRY STOP LOSS Current 2*ATR(10) value: SSO=18%; SDS=18%; UPRO=27%;SPXU=27%
Non-Stop 08/02 S N/A Short is for aggressive traders only.
Cobra Impulse *Short if break below 08/15 low and close in red. The stop loss is 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
SSO 08/15/2011 $42.86 50 $35.14 08/15/2011 $43.26 20.00  
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   3010.00  
  • $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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