The bottom line, the short-term trend is down, not confirmed though. I closed the intraday short and longed before the close for speculation play only – betting the normally reversal of reversal of reversal.

Chart pattern wise, could be a Bullish Falling Wedge in the forming, so at least we could see some strength tomorrow morning (may test today’s low first though). On the other hand, bears finally get a lower low (well, barely), the question is: will it get a lower high to confirm a 1-2-3 Trend Change? That’s we’re going to find out for the rest of the week. Until then, the game is still, well, you know…

SPY15min

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 01/19/2011 $49.81 100 $48.86 Speculation play, half positioned.
SDS 01/19/2011 $22.77 500 $22.34 01/19/2011 $22.91 70.00  
SSO 01/14/2011 $50.06 50 $50.73 01/19/2011 $50.73 33.50  
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 250.00