The bottom line, the short-term trend is down. I hold both long (trapped) and short overnight.
OE day tomorrow usually is bullish, which according to the Stock Trader’s Almanac, April expiration day, Dow up 11 of last 14. The following chart shows all the recent Fridays as well as the OE Day Friday marked by green arrows, looks pretty bullish.
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 | 04/14/2011 | $21.24 | 100 | $20.62 | Speculation play only. | |||
| SDS | 04/13/2011 | $21.19 | 300 | *$20.62 | New strategy, always hold. | |||
| SDS | 04/12/2011 | $21.30 | 200 | $20.45 | 04/13/2011 | $21.40 | 20.00 | |
| SSO | 04/11/2011 | $53.16 | 100 | *$51.38 | *Gap down, used manual stop loss. | |||
| SDS | 04/11/2011 | $20.93 | 200 | $20.45 | 04/12/2011 | $21.34 | 82.00 | |
| SSO | 04/08/2011 | $53.47 | 100 | $51.57 | 04/11/2011 | $53.58 | 11.00 | |
| SDS | 04/07/2011 | $20.71 | 400 | $20.46 | 04/08/2011 | $20.86 | 60.00 | Against trend 1st time, half positioned. |
| SSO | 04/07/2011 | $54.35 | 100 | $53.09 | 04/08/2011 | $54.36 | 1.00 | |
| SSO | 04/06/2011 | $53.93 | 200 | $53.09 | 04/06/2011 | $54.13 | 40.00 | |
| SSO | 04/04/2011 | $53.74 | 100 | $53.09 | 04/08/2011 | $54.00 | 26.00 | |
| SSO | 04/01/2011 | $54.00 | 100 | $51.57 | 04/05/2011 | $54.18 | 18.00 | |
| SSO | 03/28/2011 | $52.02 | 100 | $49.91 | 04/01/2011 | $54.09 | 207.00 | |
| LAST | 1158.00 | |||||||
| SUM | 1623.00 |