THE TREND IS UP AS PER SHORT-TERM MODEL, HOLDING BOTH LONG AND SHORT (TRAPPED) OVERNIGHT
The bottom line, everything goes as planned so I’ll maintain my forecast, just in the short-term I’m now more willing to bet on the long side until bear shows up.
A little bearish biased toward tomorrow because it seems most recent Thursdays were in red.
The short setup of the Cobra Impulse System wasn’t confirmed today but the system seems very determined, as it will try to sell short again tomorrow, see table below for more details.
| MECHANICAL TRADING SIGNALS |
| SPY SYSTEM |
ENTRY |
STOP LOSS |
Current 2*ATR(10) value: SSO=11%; SDS=12%; UPRO=16%;SPXU=18% |
| Non-Stop |
08/25 L |
N/A |
Long is risky when long term signals are on the sell side. |
| Cobra Impulse |
09/07 L |
1.7*ATR(10) |
*Short if below 09/14 low and close red tomorrow, stop loss = 2*ATR(10). |
|
| 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 |
09/14/2011 |
$41.45 |
50 |
$36.89 |
|
|
|
|
| SSO |
09/13/2011 |
$40.51 |
50 |
$35.65 |
09/13/2011 |
$40.88 |
18.50 |
|
| SDS |
09/13/2011 |
$24.03 |
100 |
$21.39 |
|
|
|
|
| SDS |
09/02/2011 |
$24.35 |
100 |
$21.43 |
09/13/2011 |
$23.48 |
3.00 |
|
| SDS |
09/01/2011 |
$22.94 |
100 |
$19.96 |
09/01/2011 |
$23.01 |
7.00 |
|
| SSO |
08/30/2011 |
$44.09 |
50 |
$38.69 |
09/12/2011 |
$38.69 |
-270.00 |
Gap down, manual stop loss used. |
| LAST |
|
|
|
|
|
|
2935.00 |
|
| SUM |
|
|
|
|
|
|
2693.50 |
|
|
- $300 max loss allowed per trade. For fun only.
- LAST = Year to the last month balance. SUM = Year to date realized gains/losses.
|
