10/13/2011 Trading Signals

SHORT-TERM MODEL THINKS THE TREND IS UP, HOLDING LONG POSITION OVERNIGHT

No idea about short-term, just a wild guess, will present in tonight’s report.

In case you wonder what happened when VIX down 8 days in a row, well, here’s the statistics, not much to say.

The long position held by Cobra Impulse System got stopped out today, flat. But the system will try to long again tomorrow, see table below for more details.

MECHANICAL TRADING SIGNALS

SPY SYSTEM	ENTRY	STOP LOSS	Current 2*ATR(10) value: SSO=10%; SDS=12%; UPRO=14%;SPXU=18%
Non-Stop	10/11 L	N/A
Cobra Impulse	~~10/11 L~~	~~Breakeven~~	Stopped out of long position on 10/13 flat. Long if above 10/13 high and close in green tomorrow. Stop loss = 1.7 *ATR(10)

19 Comments

Anonymous on October 13, 2011 at 4:57 pm

Thanks Cobra Thanksss!!!!!

Anonymous on October 13, 2011 at 5:06 pm

Great work, Cobra. Just to be clear, the Impulse system will go long if at any time during the trading day tomorrow the SPX exceeds today’s high (i.e., exceeds 1207.46 intraday) and if the SPX closes in the green (even if it closes below today’s high). Is that correct?

Cobra on October 13, 2011 at 6:14 pm

Correct.
- Anonymous on October 14, 2011 at 12:27 am
  
  Thanks.

Anonymous on October 13, 2011 at 5:17 pm

thanks.

Jim Smith on October 13, 2011 at 5:25 pm

Hi Cobra,
On Wednesday you had forecast a pullback no later than day after tomorrow. On Thursday there was no pullback, so today’s close in RED can be called that pullback which you had expected?
Just trying to understand, if you see that pullback fulfilled, or just postponed.
Thanks for ur gr8 work, as always!

Cobra on October 13, 2011 at 6:17 pm

On Tuesday I said pullback as early as Wednesday but more likely on Thursday, so we got the pullback on time. Not sure if more pullbacks ahead though. My guess is yes. Tomorrow we should know.

gerald langelier on October 13, 2011 at 5:35 pm

SP500 Update Next Lower High…
http://astrofibo.blogspot.com/2011/10/sp500-next-lower-high.html

dham pusha on October 13, 2011 at 5:59 pm

Very useful, and well described. Crystal clear prediction. Thank you!

gerald langelier on October 13, 2011 at 5:39 pm

ASTRO Update Sun 0 Saturn 2001-2008-2011…
http://astrofibo.blogspot.com/2011/10/astro-sun-0-saturn-2000-2010.html

dham pusha on October 13, 2011 at 5:59 pm

Very useful, and well described. Crystal clear prediction. Thank you!
- gerald langelier on October 13, 2011 at 6:40 pm
  
  Thanks…

Anonymous on October 13, 2011 at 6:02 pm

thx, ding

Anonymous on October 13, 2011 at 6:21 pm

OEX put/call interest @1.42. I cannot see much of an edge for upside. We can retest the highs (1220) intraday tomorrow but it would be surprising to blow past it. IMHO, we need a little more consolidation (at least) to make a strong move up…

junwang on October 13, 2011 at 7:52 pm

thx

junwang on October 13, 2011 at 7:53 pm

thx

Anonymous on October 13, 2011 at 8:09 pm

cobra,
for tomorrow,
if we gap up to around 1207 then would we be moving to test the new high to 1220 or we would retest 1200 first?
if we gap down to 1195 then test to 1191 will be the first course of direction right?

Cobra on October 13, 2011 at 9:18 pm

another gap down tomorrow, I think bulls won’t be lucky again.

I think we’ll revisit the high first. Just my guess.
- Anonymous on October 13, 2011 at 11:41 pm
  
  thank you very much.

19 Comments

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