Cobra's Market View

01/27/2012 Trading Signals

Yong Pan — Fri, 27 Jan 2012 21:59:42 +0000

THE SHORT-TERM MODEL BELIEVES THE TREND IS UP, HOLDING NO POSITION OVER THE WEEKEND

The bottom line, everything went as planed except bulls are little bit weaker than I thought, so the evil plan as discussed in 01/26 Market Outlook will extend to the next Monday. [Read the Rest]

01/26/2012 Portfolio Update

Yong Pan — Fri, 27 Jan 2012 01:47:29 +0000

TMV buy order not filled and longer valid.

Because SSO daily low is above the entry price and it’s a pyramid position (assume we continue the TNA position from the last year), so it’s time to close all (or keep a tiny little to ride the trend up but since it looks like chances are high the market might pullback a little from here, so maybe out all is not a very bad idea). [Read the Rest]

01/26/2012 Market Outlook (Bearish Reversal Day)

Yong Pan — Fri, 27 Jan 2012 01:34:57 +0000

SHORT-TERM: IN WAIT AND SEE MODE

Today, we had a gap up, new high then pullback to close in red, therefore it’s a typical Bearish Reversal Day. From the chart below, there’re some chances SPY would continue down from here, so will still temporarily maintain the call for a bigger correction ahead. [Read the Rest]

01/26/2012 Trading Signals

Yong Pan — Thu, 26 Jan 2012 21:47:47 +0000

THE SHORT-TERM MODEL BELIEVES THE TREND IS UP, HOLDING NO POSITION OVERNIGHT

The bottom line, no follow through of yesterday’s gains so bears can live for another day. Let’s see tomorrow. [Read the Rest]

01/25/2012 Portfolio Update

Yong Pan — Thu, 26 Jan 2012 02:11:21 +0000

TMV stopped out flat AGAIN. But FXE shouldn’t be half out yesterday. So again “let the winner run” easy to say, not easy to do.

The system will try to short bond again tomorrow. [Read the Rest]