THE SHORT-TERM TREND IS UP, I HOLD LONG POSITION OVERNIGHT

Tomorrow is the 1st trading of a new month, seasonality is always bullish. Also according to Stock Trader’s Almanac, first trading day in July, Dow up 18 of last 21.

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Those who follow Non-Stop model, since both BPSPX and BPNDX are buy yesterday (due to CBOE data delay, I cannot give signals in yesterday’s AH, the next time I’d remind you in the Market Outlook instead of in the Trading Signals), so it’s time to cover short and initiate a long position. You can of course wait for a few days to avoid whipsaw as the model has only 50% winning rate which is very typical of a trend following system that relies on a long lasting trend to win in the long run.

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Those who follow Cobra Impulse System, it’s time to set your stop loss to breakeven (a little above your entry price).

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MECHANICAL TRADING SIGNALS: 

  TREND MOMENTUM COMMENT
Long-term 2 of 2 BUY    
Intermediate 3 of 5 *BUY 5 of 5 NEUTRAL Cobra Impulse in BUY mode; Non-Stop in *BUY mode.
Short-term   5 of 6 NEUTRAL  
SPY SYSTEM ENTRY STOP LOSS INSTRUCTION: back test is HERE, signals are HERE.
Non-Stop *06/30 L N/A *Close short opened on 05/10 with gains, long on 06/30.
Cobra Impulse 06/29 L *Breakeven *Adjust stop loss.

DEMO ACCOUNT FOR SHORT-TERM MODEL:

TICKER Entry Date Entry Share Stop Loss Exit Date Exit Profit Comment
SSO 06/30/2011 $52.76 100 $50.73 06/30/2011 $52.96 20.00  
SDS 06/23/2011 $22.45 100 $21.34 06/29/2011 $21.14 -131.00 Sharp gap down, manual stop loss used.
SSO 06/22/2011 $50.30 50 *$50.73  
SSO 06/21/2011 $50.35 100 $48.06 06/21/2011 $51.10 75.00  
SDS 06/20/2011 $22.06 100 $21.54 06/21/2011 $21.46 -60.00 Not fully positioned, may add on the way up.
SDS 06/16/2011 $22.37 200 $21.54 06/16/2011 $22.65 56.00  
SDS 06/15/2011 $22.23 100 $21.54 06/20/2011 $22.29 6.00 Not fully positioned, may add on the way up.
SSO 06/14/2011 $50.23 100 $48.64 06/14/2011 $50.45 22.00  
SDS 06/13/2011 $22.40 100 $21.54 06/15/2011 $22.58 18.00 Not fully positioned, may add on the way up.
SDS 06/09/2011 $21.80 100 $21.11 06/10/2011 $22.23 43.00 Not fully positioned, may add on the way up.
SDS 06/08/2011 $22.02 200 $21.11 06/08/2011 $22.18 32.00  
SDS 06/06/2011 $21.57 100 $21.11 06/13/2011 $22.36 79.00  
SDS 06/06/2011 $21.57 200 $20.85 06/06/2011 $21.93 72.00  
SDS 06/01/2011 $20.61 100 $20.05 06/03/2011 $21.53 92.00  
SSO 05/27/2011 $53.70 100 $52.13 06/02/2011 $52.13 -157.00 Mistakenly closed the 05/26 long, bought back.
SDS 05/25/2011 $20.92 200 $20.05 06/02/2011 $21.15 46.00 Not fully positioned, may add on the way up.
LAST   1692.00  
SUM   1905.00  
  • $200 max loss allowed per trade. For fun only.
  • LAST = Year to the last month balance.
  • The short-term model is not a part of Cobra Impulse System.