11/11/2011 Portfolio Update


Cobra's Market View Private Messaging System shows:


Trading Signals:

UUP was stopped out today flat. The system will try to short the dollar the next Monday, set UDN buy stop at $28.02, stop loss around $27.39. Also set UUP buy stop at $21.82, stop loss around $21.28, the system didn’t give up on dollar long yet.

The system will try to short bond the next Monday, set TMV buy stop at $82.27, stop loss around $73.07. If indeed the buy stop triggered, cut half the current TMF position. For why cut half, please refer to 11/08 Portfolio Update.

The system will try to long Russell 2000 the next Monday, set TNA buy stop at $47.52, stop loss around $36.60. If indeed the buy stop triggered, cut half the current TZA position.

DGP buy stop was triggered today. This is a pyramid position (i.e. Add into the current DGP winning position) therefore it’s sell at will.

1

  • Don’t short the dollar, Cobra.  We will be the last currency standing.

    • I know but this is mechanical system that has no thinking at all. And my experiences are the trade I’m most afraid usually is the best trade. What is the trade I’m most afraid? Yes, that’s to short the dollar. 🙂

      • “And my experiences are the trade I’m most afraid usually is the best trade.”

        One of the best trading advice one can give.  The whipsaws have been incredible this week, but a weaker dollar also means a stronger market assuming it doesn’t whipsaw again next week.

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