THE SHORT-TERM MODEL ARGUES FOR A UPTREND, HOLDING TRAPPED LONG AND SHORT OVERNIGHT
The bottom line, should be more on the upside, but I’m not convinced yet a new bull market has started.
Just a little little bit bearish biased toward tomorrow, most likely won’t be a huge up day again if not red, because TICK closed above 1,000.
Those who follow the Cobra Impulse System, a long position is opened today.
| MECHANICAL TRADING SIGNALS |
| SPY SYSTEM |
ENTRY |
STOP LOSS |
Current 2*ATR(10) value: SSO=12%; SDS=12%; UPRO=17%;SPXU=19% |
| Non-Stop |
08/25 L |
N/A |
Long is risky when long term signals are on the sell side. |
| Cobra Impulse |
*09/07 L |
1.7*ATR(10) |
*Long position initiated. |
|
| DEMO ACCOUNT FOR SHORT-TERM MODEL (Attention: This is not part of Cobra Impulse System) |
| TICKER |
Entry Date |
Entry |
Share |
Stop Loss |
Exit Date |
Exit |
Profit |
Comment |
| SDS |
09/02/2011 |
$24.35 |
100 |
$21.43 |
|
|
|
|
| SDS |
09/01/2011 |
$22.94 |
100 |
$19.96 |
09/01/2011 |
$23.01 |
7.00 |
|
| SSO |
08/30/2011 |
$44.09 |
50 |
$38.69 |
|
|
|
Gap down, manual stop loss used. |
| LAST |
|
|
|
|
|
|
2935.00 |
|
| SUM |
|
|
|
|
|
|
2942.00 |
|
|
- $300 max loss allowed per trade. For fun only.
- LAST = Year to the last month balance. SUM = Year to date realized gains/losses.
|
