Model Positions – Thursday, 07/26/18
Based on the S&P 500 Index Models’ outlook, forecast, and trading plans for Thursday – published Wednesday night – here are the current positions of the models. (click here to read/verify the full report and the quoted trading plans’ details)
Medium-term/long-term Models
Published Trading Plan: “For Thursday’s regular session, medium-term models indicate going long at the open if the open is above 2840 or going long on a break above 2840 if the open is below 2840.“.
==> Market Action: Today, the market opened at below 2840 at 2835.49 and then rose above 2840. The models indicate a long (bought) position at the index level of 2840.25.
Published Trading Plan: “A trailing stop of 8-12 points (depending on your individual trading style and risk appetite) is indicated by the models.“.
==> Market Action: The models indicate placing a 10-point trailing stop (mid-point of the range mentioned), thus effectively the stop trigger is currently at 2835.57(as of the publishing of this alert, 3:15pm EDT, the session high is at 2845.57). The models are currently holding this long position.
Aggressive, Short-term, Intraday Models
Published Trading Plan: “For Thursday’s regular session, aggressive, intraday models indicate going long at the open if the open is above 2840 or going long on a break above 2840 if the open is below 2840“.
==> Market Action: Today, the market opened at below 2840 at 2835.49 and then rose above 2840. The models indicate a long (bought) position at the index level of 2840.25.
Published Trading Plan: “A trailing stop of 8 points (depending on your individual trading style and risk appetite) is indicated by the models.”
==> Market Action: The models indicate placing an 8-point trailing stop, thus effectively the stop trigger was at 2837.57 (as of 3:00pm EDT, the session high was at 2845.57).
This trailing stop was triggered on the intraday models’ positions at 3:03pm EDT and the models’ stop is indicated getting filled at 2837.25, for a loss of 3 points. Currently the aggressive, intraday models are flat (no positions) and indicate staying flat through the end of the session.
This trailing stop was triggered on the intraday models’ positions at 3:03pm EDT and the models’ stop is indicated getting filled at 2837.25, for a loss of 3 points. Currently the aggressive, intraday models are flat (no positions) and indicate staying flat through the end of the session.