Traders' A.I.

 

 

Results of Published Model Entries and Exits for Thursday 05/09

Find below the detailed outcome tracking of our models’ trading plans for the day, as well as the results for the last month:

NOTE: The index by itself is NOT tradable. The model plans here based on the  S&P index level can be used to trade any instrument that tracks the index – the futures on the index (ES, ES-mini), the options on the futures (ES options), the SPX options, the ETF SPY are just a few examples of the instruments one can adapt these plans to.

These plans and results are hypothetical and NOT an investment advice to buy or sell any specific securities but are intended to aid – as informational, educational, and research tools – in arriving at your own investment/trading decisions. Please read the full disclosures at the bottom of this article for additional notes and disclaimers.

 

Trading Plans/Forecast Published Thursday Morning – Medium-Frequency Models

“For today, Thursday 05/09, our medium-frequency models have negated the recent bullish bias but have not adopted a bearish bias yet. Models indicate staying out of the market for today too.”

Trading Plan Results/Outcome

Thu 05/09: No trade

Past results this month – medium frequency models (hypothetical trades based on the trading plans published before markets open daily): 

Trading Plans/Forecast Published Thursday Morning – Aggressive Intraday Models

“For today, Thursday 05/09, our aggressive intraday models indicate going long on a break above 2882 with an 8-point trailing stop and a take-profit target of 2895, and going long on a break above 2862 with an 8-point trailing stop. Models also indicate going short on a break below 2885 or 2875 with an 8-point trailing stop and a take-profit target at 2863. Also, models indicate going short on a break below 2860 with an 8-point trailing stop.” 

Trading Plan Results/Outcome:

Thu 05/09:  Booked a net +3.5 index points in profits on four longs and two shorts

The S&P 500 index broke above the 2862 level around 12:35pm ET, triggering a long position with an 8-point trailing stop. The index reached an interim high at 2872.2 around 12:40pm, lifting the stop trigger to 2864.4. The stop trigger was hit within the next few minutes, closing the position with a profit of 2.2 index points.

The index then broke below the 2860 level at 12:47pm, triggering a short position with an 8-point trailing stop. The index immediately broke above the 2862 level, triggering a long position with an 8-point trailing stop and simultaneously closing the short position for a loss of 2 index points.

The index reached an interim high at 2869.2 at 1:00pm, moving the stop trigger to 2861.2. The stop trigger was hit around 1:20pm, closing the position with a loss of 0.80 index points.

The index again broke above the 2862 level around 1:30pm, triggering a long position with an 8-point trailing stop. The index reached an interim high at 2874.4 around 1:50pm, lifting the stop trigger to 2866.4. The stop trigger was hit at 2:00pm, closing the position with a profit of 4.4 index points.

The index once again broke below the 2860 level at 3:00pm, triggering another short position with an 8-point trailing stop. The index immediately broke above the 2862 level, triggering a long position with an 8-point trailing stop and simultaneously closing the short position for a loss of 2 index points. 

The index reached an interim high at 2871.70 at 3:40pm, lifting the stop trigger to 2863.70. The stop trigger was hit within the next few minutes, closing the position with a profit of 1.70 index points.

Thus, the models booked a net profit of 3.50 (+2.20 -2 -0.8 +4.4 -2 +1.70) index points on four long and two short positions in today’s session.