The bottom line, the short-term trend is up. I hold partial long position over the weekend.
My guess is we could see some weakness the next week for various reasons, the most obvious one is seasonality. On the intermediate-term, my view remains the same: a little bit bigger pullback is just a matter of time, but until the price action confirms, I’d rather long than short, with caution though.
Enjoy your long weekend.
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 | 01/14/2011 | $50.06 | 50 | $48.86 | ||||
| SSO | 01/14/2011 | $50.06 | 150 | $48.86 | 01/14/2011 | $50.65 | 88.50 | |
| SSO | 01/12/2011 | $49.91 | 100 | $48.25 | 01/12/2011 | $50.11 | 20.00 | |
| SSO | 01/11/2011 | $49.20 | 100 | $48.25 | 01/12/2011 | $50.02 | 82.00 | |
| SSO | 01/11/2011 | $49.20 | 100 | $48.25 | 01/11/2011 | $49.24 | 4.00 | Risk control, half position out. |
| SSO | 01/10/2011 | $48.98 | 100 | $47.65 | 01/11/2011 | $49.38 | 40.00 | |
| SSO | 01/06/2011 | $49.26 | 100 | $48.29 | 01/07/2011 | $48.28 | -98.00 | Stop loss. |
| SSO | 01/06/2011 | $49.26 | 100 | $48.29 | 01/07/2011 | $49.50 | 24.00 | Target met, partial profit. |
| SSO | 01/04/2011 | $49.02 | 100 | $47.65 | 01/05/2011 | $49.38 | 36.00 | |
| SSO | 12/30/2010 | $48.02 | 100 | $48.66 | 01/04/2011 | $48.66 | 64.00 | |
| 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 | 146.50 |