09/13/2011 Trading Signals


Cobra's Market View Private Messaging System shows:


THE TREND IS UP AS PER SHORT-TERM MODEL, HOLDING SHORT POSITION OVERNIGHT

The bottom line, today is the weakest follow-through I’ve seen since the Aug 9 lows, bulls need show more strength tomorrow otherwise the rebound might not go very far.

So the question is, will we see a renewed strength from bulls tomorrow? As of now, I’m a little skeptical, because TICK closed above 1,000 again today which means more likely no big up tomorrow if not red.

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The short setup of the Cobra Impulse System wasn’t confirmed today but the system will try to sell short again tomorrow, see table below for more details.

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MECHANICAL TRADING SIGNALS
SPY SYSTEM ENTRY STOP LOSS Current 2*ATR(10) value: SSO=11%; SDS=11%; UPRO=17%;SPXU=16%
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) *Short if below 09/13 low and close red tomorrow, stop loss = 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 09/13/2011 $40.51 50 $35.65 09/13/2011 $40.88 18.50  
SDS 09/13/2011 $24.03 100 $21.39    
SDS 09/02/2011 $24.35 100 $21.43 09/13/2011 $23.48 3.00  
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 09/12/2011 $38.69 -270.00 Gap down, manual stop loss used.
LAST   2935.00  
SUM   2693.50  
  • $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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