09/22/2011 Trading Signals


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SHORT-TERM MODEL SEES A DOWNTREND, HOLDING NO POSITION OVERNIGHT

The bottom line, we might see rebound starting from tomorrow but more likely the selling isn’t over yet, so the rebound if any is sell. I’ll, as usual, present my witnesses in tonight’s report. Stay tuned.

A little bullish biased for tomorrow because TCK closed below –1,000, there’re 73% chances (11 out of 15) a green day tomorrow.

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The long setup of the Cobra Impulse System wasn’t confirmed today but the system will try to buy the dip 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=12%; SDS=10%; UPRO=19%;SPXU=15%
Non-Stop 08/25 L N/A Long is risky when long term signals are on the sell side.
Cobra Impulse     *Long if above 09/22 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 09/22/2011 $38.09 -168.00  Gap down, manual stop loss used.
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 09/22/2011 $26.25   222.00  
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   2793.00  
  • $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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