THE SHORT-TERM TREND IS DOWN, I HOLD BOTH SHORT (TRAPPED) AND LONG (TRAPPED) OVERNIGHT

No idea about tomorrow, if not up big then I’d be bearish biased though.

As mentioned in 05/06 Market Outlook, the Non-Stop model sell signal may have been triggered today. You may want to wait for a few days to avoid the whipsaw though and short is for aggressive traders only. I’ve mentioned several times before that a typical trend following system like Non-Stop model usually has below 50% winning rate. It relies heavily on a long lasting trend to earn the money in the long run. So the sell signal doesn’t necessarily confirm that the intermediate-term trend is down.

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Those who followed the TradingMarkets signals I mentioned in 05/05 Trading Signals, just a reminder that one sell condition has been met today.

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MECHANICAL TRADING SIGNALS: 

TREND MOMENTUM COMMENT
Long-term 2 of 2 BUY    
Intermediate 3 of 5 *SELL 5 of 5 NEUTRAL Cobra Impulse in BUY mode; Non-Stop in *SELL? mode.
Short-term   6 of 6 NEUTRAL  
SPY SYSTEM ENTRY STOP LOSS INSTRUCTION: back test is HERE, signals are HERE.
Non-Stop 04/28 L N/A *Close long and sell short tomorrow.
CI Buy & Hold 04/28 L N/A  
CI Swing 05/06 L 1.7*ATR(10)  

DEMO ACCOUNT FOR SHORT-TERM MODEL:

TICKER Entry Date Entry Share Stop Loss Exit Date Exit Profit Comment
SDS 05/09/2011 $20.40 300 $19.47        
SSO 05/06/2011 $55.49 50 $53.49       Half positioned.
SDS 05/06/2011 $20.17 200 $19.47 05/06/2011 $20.40 46.00 Half positioned.
SDS 05/04/2011 $20.12 200 $19.47 05/09/2011 $20.25 26.00 Half positioned.
SDS 05/03/2011 $19.94 300 $19.47 05/03/2011 $19.98 12.00 Half positioned.
SSO 04/20/2011 $53.62 100 $54.73 05/04/2011 $54.73 111.00  
LAST 1387.00  
SUM 1582.00  
  • $200 max loss allowed per trade. For fun only.
  • LAST = Year to the last month balance.