The bottom line, the short-term trend is down, not confirmed though. I closed the intraday short and longed before the close for speculation play only – betting the normally reversal of reversal of reversal.
Chart pattern wise, could be a Bullish Falling Wedge in the forming, so at least we could see some strength tomorrow morning (may test today’s low first though). On the other hand, bears finally get a lower low (well, barely), the question is: will it get a lower high to confirm a 1-2-3 Trend Change? That’s we’re going to find out for the rest of the week. Until then, the game is still, well, you know…
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 |
01/19/2011 |
$49.81 |
100 |
$48.86 |
|
|
|
Speculation play, half positioned. |
SDS |
01/19/2011 |
$22.77 |
500 |
$22.34 |
01/19/2011 |
$22.91 |
70.00 |
|
SSO |
01/14/2011 |
$50.06 |
50 |
$50.73 |
01/19/2011 |
$50.73 |
33.50 |
|
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 |
|
|
|
|
|
|
250.00 |
| |