09/09/2011 Trading Signals


Cobra's Market View Private Messaging System shows:


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

The bottom line, it’s more clear that the bulls are losing up momentum therefore chances are higher that the Aug 9 lows will be revisited. That said, there's always another confirmation that bears have to prove themselves , which I will explain in the weekend report. But you should know any signs can be confirmed and confirmed until too late so at certain stage you have to make your bet, nothing is 100% guaranteed, it’s all about risk and reward ratio.

Just a little bullish biased toward the next Monday because today is Major Distribution Day, there’re 63% chances the next day was a green day.

1

Enjoy your weekend!

MECHANICAL TRADING SIGNALS
SPY SYSTEM ENTRY STOP LOSS Current 2*ATR(10) value: SSO=12%; SDS=11%; UPRO=19%;SPXU=17%
Non-Stop 08/25 L N/A Long is risky when long term signals are on the sell side.
Cobra Impulse 09/07 L 1.7*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
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 $38.69 Gap down, manual stop loss used.
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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