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