10/28/2011 Portfolio Update


Trading Signals:

TNA buy stop not trigged but still valid. Just since NYMO is way too overbought now, so if the buy is triggered on Monday, then according to the new NYMO profit taking rule, I’d have to close the position anyway, so I’d skip this trade, may buy pullback instead.

Since TMV daily low is higher than the entry price, so set breakeven stop loss and half out.

Since DGP daily low is higher than the entry price, so set breakeven stop loss and half out.

3

10 Comments on "10/28/2011 Portfolio Update"
  1. Comment left on:
    October 29, 2011 at 8:21 am
    tytobebad says:

    what is the NEW NYMO profit taking rule?

    • Comment left on:
      October 29, 2011 at 9:56 am
      Cobra says:

      Read remarks below. I’m still thinking about this pyramid method now, it’s not final decision.

  2. Comment left on:
    October 29, 2011 at 9:24 am
  3. Comment left on:
    October 29, 2011 at 9:26 am
  4. Comment left on:
    October 29, 2011 at 11:10 am
  5. Comment left on:
    October 29, 2011 at 11:57 am
    Cobra says:

    test auto update comment…

  6. Comment left on:
    October 29, 2011 at 1:18 pm
    kyra simmons says:

    Thanks for the great analysis – just a chart showing Weinstein’s law – if 40 week ma heads south – get outta the water.  Weekly still fairly bullish, but I recommend a quick trigger finger on the sell button  http://stockcharts.com/h-sc/ui?s=$SPX&p=W&yr=15&mn=6&dy=0&id=p49011687403

    • Comment left on:
      October 29, 2011 at 1:19 pm
      Cobra says:

      Thanks for the tip!

  7. Comment left on:
    October 29, 2011 at 4:59 pm
    RK says:

    Cobra,

    Just wanted to say…new site has been a amazing upgrade…traders calendar and twitter updates are just awesome….I honestly wish you make some huge gains of the hard work you have been putting in each day..
    Thanks,
    RK

    • Comment left on:
      October 29, 2011 at 5:10 pm
      Cobra says:

      Thanks. I like the new site too. 🙂

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