12/08/2011 Portfolio Update


Cobra's Market View Private Messaging System shows:


Because:

  1. UUP daily bar low is above the entry price.
  2. It’s a pyramid position.
  3. It takes too much margin.
  4. The system will try to be on the bearish side tomorrow, therefore no more bearish hedges are needed.

So out the most of the UUP position and set the breakeven stop loss for the rest. In the real world trading, you can either short 6E (futures) or long EUO (2x short euro) instead of buying UUP, so in this way, it won’t take much capital. Also the 3x UUP is UUPT and the 3x UDN is UDNT, just the volume is too thin, you might not want to use buy stop order on them.

The system will try to short Russell 2000 tomorrow. Set TZA buy stop at $29.71, stop loss around $25.64.

The system will try to long bond tomorrow. Set TMF buy stop at $68.75, stop loss around $60.68.

The system will try to short oil tomorrow. Set SCO buy stop at $40.26, stop loss around $36.71. If SCO buy order filled, then close the current UCO position.

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3 Comments on "12/08/2011 Portfolio Update"
  1. .
    December 9, 2011 at 6:46 am

    […] hedges are needed.So out the most of the UUP position and set the breakeven stop loss for the [Read the Rest] Cobra’s Market ViewA Fun Fact… This day in history… Related posts:12/08/2011 Portfolio […]

  2. .
    December 10, 2011 at 4:48 pm

    […] forgot to mention that TNA buy stop in 12/08/2011 Portfolio Update. Not too bad though because TNA should pullback a little bit the next Monday, as Friday is a Major […]

  3. .
    December 10, 2011 at 9:46 pm

    […] TMF and SCO buy stop were not triggered and no longer valid.Sorry forgot to mention TNA buy stop in 12/08/2011 Portfolio Update. Not too bad though because TNA should pullback a little bit the next Monday, as Friday is a Major […]

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