The bottom line, the short-term trend is down. I hold both long and short overnight.
As mentioned in the intraday comment, I don’t feel good about tomorrow at least in the morning, but the setups I have to report are pretty bullish going forward. Again, this report has nothing to do with what I really believe, but past patterns and statistics, so make your own decisions wisely.
As mentioned in the last night report, SPX down 4 days in a row, buy at close then sell tomorrow at close, you’ll have 74% chances since year 2003.
A few TradingMarkets setups have been triggered again, all claimed to have above 80% winning rate. I personally didn’t verify their claims though.
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 |
SDS |
04/12/2011 |
$21.30 |
200 |
$20.45 |
|
|
|
New strategy, always hold. |
SSO |
04/11/2011 |
$53.16 |
100 |
$51.57 |
|
|
|
Not sure, speculation play. |
SDS |
04/11/2011 |
$20.93 |
200 |
$20.45 |
04/12/2011 |
$21.34 |
82.00 |
|
SSO |
04/08/2011 |
$53.47 |
100 |
$51.57 |
04/11/2011 |
$53.58 |
11.00 |
|
SDS |
04/07/2011 |
$20.71 |
400 |
$20.46 |
04/08/2011 |
$20.86 |
60.00 |
Against trend 1st time, half positioned. |
SSO |
04/07/2011 |
$54.35 |
100 |
$53.09 |
04/08/2011 |
$54.36 |
1.00 |
|
SSO |
04/06/2011 |
$53.93 |
200 |
$53.09 |
04/06/2011 |
$54.13 |
40.00 |
|
SSO |
04/04/2011 |
$53.74 |
100 |
$53.09 |
04/08/2011 |
$54.00 |
26.00 |
|
SSO |
04/01/2011 |
$54.00 |
100 |
$51.57 |
04/05/2011 |
$54.18 |
18.00 |
|
SSO |
03/28/2011 |
$52.02 |
100 |
$49.91 |
04/01/2011 |
$54.09 |
207.00 |
|
LAST |
|
|
|
|
|
|
1158.00 |
|
SUM |
|
|
|
|
|
|
1603.00 |
|
|