The bottom line, the short-term trend is down. I hold short position overnight, slightly underwater.
From ISEE, I see retailers are heavily betting on the upside perhaps for the very very bullish 1st trading day of the month which according to the Stock Trader’s Almanac, the first trading day in February, Dow and SPX up 7 of last 8. The statistics below is from Bespoke (the data is just a year old, so I assume it still applies?)
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 |
| SDS | 01/31/2011 | $22.77 | 300 | $22.09 | ||||
| SDS | 01/28/2011 | $22.64 | 100 | $22.65 | 01/31/2011 | $22.78 | 14.00 | |
| SDS | 01/28/2011 | $22.64 | 300 | $22.09 | 01/28/2011 | $23.03 | 117.00 | Partial profit before weekend. |
| SSO | 01/26/2011 | $50.87 | 200 | $49.72 | 01/26/2011 | $51.06 | 38.00 | |
| SSO | 01/24/2011 | $50.49 | 100 | $48.97 | 01/24/2011 | $50.52 | 3.00 | |
| SDS | 01/20/2011 | $22.98 | 200 | $22.34 | 01/25/2011 | $22.75 | -46.00 | Half positioned to balance long position. |
| SSO | 01/19/2011 | $49.81 | 100 | $48.86 | 01/21/2011 | $50.20 | 39.00 | 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 | 415.00 |