THE SHORT-TERM TREND IS DOWN, I HOLD NO POSITION OVERNIGHT
The bottom line, the damage is done, so it takes time for the market to find a footing.
SPX down 7 days in a row, there are only 2 cases since 1991, both dropped again the next day.
Major Distribution Day (NYSE Down Volume : NYSE Up Volume >= 9) today, so 41 out of 64 times (64%) a green day tomorrow.
MECHANICAL TRADING SIGNALS |
SPY SYSTEM |
ENTRY |
STOP LOSS |
Current 2*ATR(10) value: SSO=6%; SDS=6%; UPRO=9%;SPXU=8% |
Non-Stop |
08/02 S |
N/A |
Short is for aggressive traders only. |
Cobra Impulse |
08/01 L |
1.7*ATR(10) |
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DEMO ACCOUNT FOR SHORT-TERM MODEL (Attention: This is not part of Cobra Impulse System) |
TICKER |
Entry Date |
Entry |
Share |
Stop Loss |
Exit Date |
Exit |
Profit |
Comment |
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LAST |
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2248.50 |
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SUM |
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2248.50 |
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- $300 max loss allowed per trade. For fun only.
- LAST = Year to the last month balance. SUM = Year to date realized gains/losses.
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