The bottom line, the short-term trend is up. I hold partial long position overnight.
I have no idea about tomorrow. The chart looks like an Ending Diagonal Triangle to me, may miss the final push to perhaps new high but I believe a 2 legged pullback is due. Trading wise, the name of the game is still to buy dip before bears are able to show some real strength, as till now bulls appear pretty much invincible that it seems nothing, nothing ever, in this world could bring it down.
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 | 04/06/2011 | $53.93 | 200 | $53.09 | 04/06/2011 | $54.13 | 40.00 | |
| SSO | 04/04/2011 | $53.74 | 100 | *$53.09 | ||||
| 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 | 1423.00 |