The bottom line, the short-term trend is up. I hold partial long position over the weekend.
My guess is we could see some weakness the next week for various reasons, the most obvious one is seasonality. On the intermediate-term, my view remains the same: a little bit bigger pullback is just a matter of time, but until the price action confirms, I’d rather long than short, with caution though.
Enjoy your long weekend.
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 |
01/14/2011 |
$50.06 |
50 |
$48.86 |
|
|
|
|
SSO |
01/14/2011 |
$50.06 |
150 |
$48.86 |
01/14/2011 |
$50.65 |
88.50 |
|
SSO |
01/12/2011 |
$49.91 |
100 |
$48.25 |
01/12/2011 |
$50.11 |
20.00 |
|
SSO |
01/11/2011 |
$49.20 |
100 |
$48.25 |
01/12/2011 |
$50.02 |
82.00 |
|
SSO |
01/11/2011 |
$49.20 |
100 |
$48.25 |
01/11/2011 |
$49.24 |
4.00 |
Risk control, half position out. |
SSO |
01/10/2011 |
$48.98 |
100 |
$47.65 |
01/11/2011 |
$49.38 |
40.00 |
|
SSO |
01/06/2011 |
$49.26 |
100 |
$48.29 |
01/07/2011 |
$48.28 |
-98.00 |
Stop loss. |
SSO |
01/06/2011 |
$49.26 |
100 |
$48.29 |
01/07/2011 |
$49.50 |
24.00 |
Target met, partial profit. |
SSO |
01/04/2011 |
$49.02 |
100 |
$47.65 |
01/05/2011 |
$49.38 |
36.00 |
|
SSO |
12/30/2010 |
$48.02 |
100 |
$48.66 |
01/04/2011 |
$48.66 |
64.00 |
|
SSO |
12/30/2010 |
$48.02 |
100 |
$47.44 |
01/03/2011 |
$49.20 |
118.00 |
Partial profit. |
SDS |
12/30/2010 |
$23.88 |
400 |
$23.60 |
01/03/2011 |
$23.30 |
-232.00 |
Gap down, manual stop loss used. |
SUM |
|
|
|
|
|
|
146.50 |
| |