09/21/2011 Trading Signals


Cobra's Market View Private Messaging System shows:


SHORT-TERM MODEL SEES A DOWNTREND, HOLDING BOTH LONG (TRAPPED) AND SHORT OVERNIGHT

The bottom line, today’s action confirmed what I speculated last night that a top of some kind was in. I expect more on the downside.

Mixed signals for tomorrow, but it seems the bearish side of signals weight a little more:

  • 45 out of 71 times (63%) a green day after a Major Distribution Day.

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  • All the recent red FOMC days were followed mostly by 2 consecutive red days. 6 out of 6 down the next day, 5 out of 6 down the next 2 days.

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  • Bearish Thursday.

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Those who follow TradingMarkets, the exit condition was met today.

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Cobra Impulse System is trying to buy the dip, just the condition seems very tough to meet 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=10%; SDS=10%; UPRO=14%;SPXU=16%
Non-Stop 08/25 L N/A Long is risky when long term signals are on the sell side.
Cobra Impulse     *Long if above 09/21 high and close in green tomorrow. Stop loss = 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
SSO 09/20/2011 $43.68 50 $39.31 09/20/2011 $44.06 19.00  
SSO 09/15/2011 $43.00 50 $38.27 09/15/2011 $43.53 26.50  
SSO 09/14/2011 $41.45 50 $39.31  
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   2739.00  
  • $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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