The bottom line, the short-term trend is up. I hold long position over the weekend.
I have no idea about the next Monday but according to Sentimentrader, the seasonality is bearish for the next week:
In the history of the S&P SPDR (SPY), the last week in March has been positive only 5 out of 16 years. 4 of the last 5 were negative (last year showed a gain of a whopping +0.1%).
And don’t forget my chart about the negative last 2 trading days of the month since the August 2009.
On the other hand, we’ll have a very strong up day for the first trading day of the April.
My plan is still to buy the very first dip and I still expect that the 03/16 lows will be revisited before a new high. I’ll present my witnesses in the weekend report, but for now the most important thing is to enjoy your 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 |
03/25/2011 |
$52.29 |
100 |
$50.97 |
03/25/2011 |
N/A |
N/A |
No guts to take the trade. |
SSO |
03/24/2011 |
$51.62 |
100 |
$49.91 |
|
|
|
|
SSO |
03/23/2011 |
$50.72 |
200 |
$49.43 |
03/24/2011 |
$51.69 |
194.00 |
|
SDS |
03/23/2011 |
$22.29 |
300 |
$21.58 |
03/24/2011 |
$21.50 |
-237.00 |
|
SDS |
03/17/2011 |
$22.83 |
200 |
$21.58 |
03/22/2011 |
$22.02 |
-162.00 |
|
SDS |
03/16/2011 |
$22.81 |
200 |
$21.85 |
03/16/2011 |
$23.36 |
110.00 |
|
SDS |
03/15/2011 |
$22.50 |
200 |
$21.58 |
03/16/2011 |
$22.60 |
20.00 |
|
SDS |
03/14/2011 |
$22.01 |
200 |
$21.02 |
03/15/2011 |
N/A |
N/A |
Network problem, didn’t take the trade. |
SDS |
03/14/2011 |
$22.08 |
200 |
$21.02 |
03/14/2011 |
$22.17 |
18.00 |
|
SSO |
03/07/2011 |
$52.17 |
100 |
$50.84 |
03/09/2011 |
$52.57 |
40.00 |
|
SSO |
03/04/2011 |
$53.01 |
100 |
$50.84 |
03/07/2011 |
$53.23 |
22.00 |
|
SSO |
03/03/2011 |
$53.33 |
100 |
$51.52 |
03/04/2011 |
$53.49 |
16.00 |
|
SDS |
03/01/2011 |
$21.37 |
200 |
$20.62 |
03/01/2011 |
$21.76 |
78.00 |
|
SSO |
02/28/2011 |
$53.09 |
100 |
$52.20 |
03/01/2011 |
$53.69 |
60.00 |
|
SDS |
02/22/2011 |
$21.05 |
300 |
$20.62 |
03/10/2011 |
$21.82 |
231.00 |
|
LAST |
|
|
|
|
|
|
691.00 |
|
SUM |
|
|
|
|
|
|
1081.00 |
|
|