The bottom line, the short-term trend is up, I hold partial long position overnight.
For a strong up day like today (not as strong as I imaged though), generally I don’t expect it to fail right away, especially seasonality wise, tomorrow, the last day of the Santa Rally, Dow was up 12 of last 17. Certainly, I don’t expect a huge up day tomorrow as well, because TICK closed above 1,000 which at least doesn’t support a 1%+ up day tomorrow if not red.
Demo account for short-term model, $200 max loss allowed per trade. Mechanical trading signal, for fun only.
| TICKER | Entry Date | Entry Price | Share | Stop Loss | Exit Date | Exit Price | Profit | Comment |
| SSO | 12/30/2010 | $48.02 | 100 | $47.66 | ||||
| SSO | 12/30/2010 | $48.02 | 100 | $47.44 | 01/03/2011 | $49.20 | 118.00 | Partial profit. |
| SDS | 12/30/2010 | $23.88 | 400 | $23.60 | 01/03/2011 | $23.30 | -232.00 | Gap down, manual stop loss used. |
| SUM | -114.00 |