09/02/2011 Trading Signals


Cobra's Market View Private Messaging System shows:


THE SHORT-TERM MODEL ARGUES FOR A DOWNTREND, HOLDING TRAPPED LONG AND SHORT OVER THE WEEKEND

I have no idea about the next Tuesday, but the bigger picture as I discussed in the last night report should be clear now as we do get enough price overlap proving what we had so far was (is) merely a rebound. Although till now I cannot exclude the possibility of another push up to at least test the Aug 31 highs but a red Non Farm Payroll day arguing for a possible trend shifting to down from up, should be enough to raise a red flag.

1

Enjoy your long weekend.

MECHANICAL TRADING SIGNALS
SPY SYSTEM ENTRY STOP LOSS Current 2*ATR(10) value: SSO=12%; SDS=12%; UPRO=18%;SPXU=18%
Non-Stop 08/25 L N/A Long is risky when long term signals are on the sell side.
Cobra Impulse 08/30 L Breakeven Stopped out of long position on 09/01 flat.
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 09/02/2011 $24.35 100 $21.43  
SDS 09/01/2011 $22.94 100 $19.96 09/01/2011 $23.01 7.00  
SSO 08/30/2011 $44.09 50 $38.80  
LAST   2935.00  
SUM   2942.00  
  • $300 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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