Results of Published Model Entries and Exits for Friday 03/29
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.
Trading Plans/Forecast Published Friday Morning – Medium-term Models
“For today, Friday 03/29, our medium-term models indicate going long on a break above 2828 with a 10-point trailing stop. No short trade indicated today. “
Trading Plan Results/Outcome
Fri 03/29: Booked -8.11 index points in losses on one long and one open long to the next session.
The index broke above the 2828 level at 9:45am ET, triggering a long with a 10-point trailing stop. The index reached an interim high of 2829.89 around 10:00am, moving the trailing stop to 2819.89. The stop was triggered around 10:55am, closing the long with a loss of 8.11 index points.
The index again broke above the 2828 level at 11:35am ET, triggering a long position with a 10-point trailing stop. The long rode the index all the way to the session high of 2836.03 reached at 3:00pm, lifting the stop trigger to 2826.03. The position stayed open into the session close and is being carried to Monday’s session.
Trading Plans/Forecast Published Friday Morning – Aggressive Intraday Models
“For today, Friday 03/29, our aggressive intraday models indicate going long on a break above 2828 or 2819 or 2805, and going short on a break below 2797 or 2784 – all with an 8-point trailing stop.”
Trading Plan Results/Outcome:
Fri 03/29: Booked a net -6.71 index points in losses on three long positions.
The index broke above the 2828 level at 9:45am ET, triggering a long with an 8-point trailing stop. The index reached an interim high of 2829.89 around 10:00am, moving the trailing stop to 2821.89. The stop was triggered arounf 10:50 am, closing the long with a loss of 6.11 index points.
The index again broke above the 2828 level at 11:35am, triggering another long with an 8-point trailing stop. The index reached an interim high of 2830.43 around 11:40am, moving the trailing stop to 2822.43. The stop was triggered around 12:15pm, closing the long with a loss of 5.57 index points.
The index again broke above the 2828 level at 12:35pm and closed the position at 2832.97 at 3:55pm as per the “intraday” mandate, registering a gain of 4.97 index points.
Thus, the models booked a net loss of 6.71 (-6.11 -5.57 +4.97) index points on three long positions in the session.
Past results this month – aggressive intraday models (hypothetical trades based on the trading plans published before markets open daily):
NOTE: Remember that a “trailing stop” works differently from the traditional stop-loss order. Please bear in mind that the trailing stop’s trigger level would keep changing throughout the session (click here to read on the conceptual workings of a trailing-stop).
IMPORTANT RISK DISCLOSURES AND NOTICES – READ CAREFULLY:
(i) This and other articles in the blog contain personal opinions of the author and is NOT representative of any organization(s) he may be affiliated with. This article is solely intended for informational and educational purposes only. It is NOT any specific advice or recommendation or solicitation to purchase or sell or cause any transaction in any specific investment instruments at any specific price levels, but it is a generic analysis of the instruments mentioned.
(ii) Do NOT make your financial investment or trading decisions based on this article; anyone doing so shall do so solely at their own risk. The author will NOT be responsible for any losses or loss of potential gains arising from any investments/trades made based on the opinions, forecasts or other information contained in this article.
(iii) Risk Warning: Investing, trading in S&P 500 Index – spot, futures, or options or in any other synthetic form – or its component stocks carries inherent risk of loss. Trading in leveraged instruments such as futures carries much higher risk of significant losses and you may lose more than you invested in them. Carefully consider your individual financial situation and investment objectives before investing in any financial instruments. If you are not a professional trader, consult a professional investment advisor before making your investment decisions.
(iv) Past performance: This article may contain references to past performance of hypothetical trades or past forecasts, which should NOT be taken as any representation or promise or guarantee of potential future profits. Past performance is not indicative of future performance.
(v) The author makes no representations whatsoever and assumes no responsibility as to the suitability, accuracy, completeness or validity of the information or the forecasts provided.
(vi) All opinions expressed herein are subject to change at any time, without any notice to anyone