THE SHORT-TERM TREND IS NOT CLEAR, I HOLD BOTH LONG (TRAPPED) AND SHORT (TRAPPED) OVERNIGHT

No idea about tomorrow, the SPY closed right at the trend line, so guess we’ll have to wait for tomorrow. The chart doesn’t look bearish though, still looks like a breakout on the upside is more likely.

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MECHANICAL TRADING SIGNALS
SPY SYSTEM ENTRY STOP LOSS Current 2*ATR(10) value: SSO=6%; SDS=6%; UPRO=8%;SPXU=9%
Non-Stop 07/22 L N/A  
Cobra Impulse  
DEMO ACCOUNT FOR SHORT-TERM MODEL (Attention: This is not part of Cobra Impulse System)
TICKER Entry Date Entry Share Stop Loss Exit Date Exit Profit Comment
SSO 07/25/2011 $54.79 50 $51.50 Speculation play, half positioned.
SSO 07/21/2011 $54.06 100 $50.82 07/21/2011 $54.84 78.00  
SSO 07/19/2011 $52.79 50 $50.82 07/25/2011 $54.57 89.00  
SSO 07/19/2011 $52.79 50 $49.62 07/19/2011 $53.40 30.50  
SDS 07/14/2011 $20.65 300 $19.62 07/14/2011 $20.94 87.00  
SDS 07/13/2011 $20.50 200 $19.27 07/13/2011 $20.63 26.00  
SDS 07/11/2011 $20.37 100 $19.62  
SDS 07/11/2011 $20.37 100 $19.15 07/11/2011 $20.60 23.00  
SSO 07/08/2011 $54.84 50 $52.10 07/14/2011 $52.10 137.00 Speculation play, half positioned.
SSO 07/07/2011 $55.46 100 $52.69 07/07/2011 $55.76 30.00  
SSO 07/06/2011 $54.22 100 $51.51 07/06/2011 $54.34 12.00  
SSO 07/01/2011 $53.90 100 $51.21 07/01/2011 $54.50 60.00 New stop loss strategy: 2*ATR(10) used.
SSO 06/22/2011 $50.30 50 $52.69 07/11/2011 $53.42 156.00  
LAST   1905.00  
SUM   2359.50  
  • $300 max loss allowed per trade. For fun only.
  • LAST = Year to the last month balance. SUM = Year to date realized gains/losses.