10/05/2011 Trading Signals


Cobra's Market View Private Messaging System shows:


SHORT-TERM MODEL THINKS THE TREND IS UP, HOLDING BOTH SHORT (TRAPPED) AND LONG OVERNIGHT

First of all, take a little time to vote for our 2nd poll HERE, thanks.

The bottom line, statistically, tomorrow and the day after tomorrow shouldn’t be pleasant. I’ll present additional evidences in tonight’s report. Personally I ALWAYS have no confidences in those statistics especially if it’s against the short-term trend, so please don’t ask me if I would trade accordingly.

No idea about tomorrow, seasonality is a little little bearish biased because it’s Thursday and from the chart below I can see obviously more red lines than blue lines.

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MECHANICAL TRADING SIGNALS
SPY SYSTEM ENTRY STOP LOSS Current 2*ATR(10) value: SSO=13%; SDS=12%; UPRO=19%;SPXU=19%
Non-Stop 09/23 S N/A  
Cobra Impulse *For SPY, put a GTC limit buy 15 cents above 10/04 low. Stop loss = 1.7*ATR(10).

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