Model Positions – Wednesday, 07/25/18
Based on the S&P 500 Index Models’ outlook, forecast, and trading plans for Wednesday – published Tuesday 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 Wednesday, medium-term models indicate going long at the open if the open is above 2816″.
==> Market Action: Today, the market opened at 2817.73 and the models’ indicate a long (bought) position at the index level of 2818.
Published Trading Plan: “A trailing stop of 8-12 points (depending on your individual trading style and risk appetite) in 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 2816.64 (@12:15pm EDT, the session high is at 2826.64).
Aggressive, Short-term, Intraday Models
Published Trading Plan: “For Wednesday, these models indicate going long while the index is above 2816”.
==> Market Action: Today, the market opened at 2817.73 and the models’ indicate a long (bought) position at the index level of 2818.
Published Trading Plan: “A trailing stop of 5-8 points (depending on your individual trading style and risk appetite) is indicated by the models.”
==> Market Action: The models indicate placing a 7-point trailing stop (mid-point of the range mentioned), thus effectively the stop trigger is currently at 2819.64 (@12:15pm EDT, the session high is at 2826.64).