THE SHORT-TERM TREND IS UP, I HOLD BOTH LONG AND SHORT (TRAPPED) OVERNIGHT
No idea about tomorrow but I still think we’ll see some short-term weakness ahead. I don’t see chart pattern to confirm my view yet so perhaps not tomorrow but the evidences I presented in 07/20 Market Outlook are too many to be ignored. It’s like when evidences were arguing for a bullish July, and once it seemed it’d be failed but look at where we’re now. So let’s keep this in mind, as long as we remember expectation is merely an expectation until price confirms.
Those who followed the TradingMarkets setups I mentioned in 07/14 Trading Signals, it’s time to close all long positions now.
Those who follow Cobra Impulse System, the short setup is not confirmed and no longer valid. The system has no more setup pending now.
| MECHANICAL TRADING SIGNALS |
| SPY SYSTEM |
ENTRY |
STOP LOSS |
Current 2*ATR(10) value: SSO=6%; SDS=6%; UPRO=9%;SPXU=9% |
| Non-Stop |
07/15 S |
N/A |
Short is for aggressive traders only. |
| Cobra Impulse |
|
|
|
|
| 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 |
| SSO |
07/21/2011 |
$54.06 |
100 |
$50.82 |
07/21/2011 |
$54.84 |
78.00 |
|
| SSO |
07/19/2011 |
$52.79 |
50 |
*$50.82 |
|
|
|
|
| SSO |
07/19/2011 |
$52.79 |
50 |
$49.62 |
07/19/2011 |
$53.40 |
30.50 |
|
| SDS |
07/14/2011 |
$20.65 |
300 |
$19.62 |
07/14/2011 |
$20.94 |
87.00 |
|
| SDS |
07/13/2011 |
$20.50 |
200 |
$19.27 |
07/13/2011 |
$20.63 |
26.00 |
|
| SDS |
07/11/2011 |
$20.37 |
100 |
$19.62 |
|
|
|
|
| SDS |
07/11/2011 |
$20.37 |
100 |
$19.15 |
07/11/2011 |
$20.60 |
23.00 |
|
| SSO |
07/08/2011 |
$54.84 |
50 |
$52.10 |
07/14/2011 |
$52.10 |
137.00 |
Speculation play, half positioned. |
| SSO |
07/07/2011 |
$55.46 |
100 |
$52.69 |
07/07/2011 |
$55.76 |
30.00 |
|
| SSO |
07/06/2011 |
$54.22 |
100 |
$51.51 |
07/06/2011 |
$54.34 |
12.00 |
|
| SSO |
07/01/2011 |
$53.90 |
100 |
$51.21 |
07/01/2011 |
$54.50 |
60.00 |
New stop loss strategy: 2*ATR(10) used. |
| SSO |
06/22/2011 |
$50.30 |
50 |
$52.69 |
07/11/2011 |
$53.42 |
156.00 |
|
| LAST |
|
|
|
|
|
|
1905.00 |
|
| SUM |
|
|
|
|
|
|
2270.50 |
|
|
- $300 max loss allowed per trade. For fun only.
- LAST = Year to the last month balance. SUM = Year to date realized gains/losses.
|
