06/06/2011 Trading Signals

Cobra

THE SHORT-TERM TREND IS DOWN, I HOLD PARTIAL SHORT POSITION OVERNIGHT

A little bullish biased toward tomorrow for 2 reasons:

• 39 out of 59 times (66%) a green day after a Major Distribution Day (NYSE Down Volume : NYSE Up Volume >= 9).

• SPY down 4 days in a row, buy at today’s close, sell the next day at close, you got 62% chances since year 2003. Hold until the very first green day though, you have 83% chances.

Two more TradingMarkets long setups triggered today, all claimed to have above 80% winning rate. See discussion HERE for more info about whether to take the trade.

Those who follow Cobra Impulse System, it’s time to tighten the stop loss now.

MECHANICAL TRADING SIGNALS: 

	TREND	MOMENTUM	COMMENT
Long-term	2 of 2 BUY
Intermediate	5 of 5 SELL	5 of 5 NEUTRAL	Cobra Impulse in SELL mode; Non-Stop in SELL mode.
Short-term		5 of 6 NEUTRAL
SPY SYSTEM	ENTRY	STOP LOSS	INSTRUCTION: back test is HERE, signals are HERE.
Non-Stop	05/10 S	N/A	Short is for aggressive traders only.
CI Swing	06/01 S	*06/06 High	*Adjust stop loss.

DEMO ACCOUNT FOR SHORT-TERM MODEL:

TICKER Entry Date Entry Share Stop Loss Exit Date Exit Profit Comment SDS 06/06/2011 $21.57 100 $20.85   SDS 06/06/2011 $21.57 200 $20.85 06/06/2011 $21.93 72.00   SDS 06/01/2011 $20.61 100 $20.05 06/03/2011 $21.53 92.00   SSO 05/27/2011 $53.70 100 $52.13 06/02/2011 $52.13 -157.00 Mistakenly closed the 05/26 long, bought back. SDS 05/25/2011 $20.92 200 $20.05 06/02/2011 $21.15 46.00 Not fully positioned, may add on the way up. LAST   1692.00   SUM   1745.00

$200 max loss allowed per trade. For fun only. LAST = Year to the last month balance.

slcgh

NZX

noenoe

noenoe

cw8888

temujin

thanks

IMeMyself

thanks

hifive

Fan8an

chickencoop

Thanks

Billyboy

当时惘然

xz214

chickencoop

It seems that most long setups lately don't work well any more. what a turnaround in fortune. Bears are having a great time.

skipjack

netfire

wnd4

thanks

whzdf

ut1984