Results of Published Model Entries and Exits for Friday 01/18

Per the plans published in the morning, our medium-term models’ plans stayed out of the market on Friday. Our aggressive intraday models’ plans yielded a gain of 15.47 index points on one long trade.

Below, you will find the detailed tracking of our models’ trading plans for Friday, as well as the results for the last month:

NOTE to the novice: 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 Plan/Forecast Published on Friday Morning – Medium-term Models

“For today, Friday 01/18, our medium-term models indicate waiting for a daily close to form the next directional bias. Hence, the models would stay flat for the day” (click here to read the full forecast and/or verify this claim).

Trading Plan Results/Outcome:

Fri 01/18:  No trades

As per the published plan, the medium term models stayed out of the market on Friday, 01/18.

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

Trading Plan/Forecast Published In the Morning – Aggressive Intraday Models

“For today, Friday 01/18, our aggressive intraday models indicate going long – with an 8-point trailing stop – on the index crossing above 2652. Models would go short – with a 10-point trailing stop – on a break below 2632. For these trades to trigger, the breaks should occur within the regular session hours. Once a trade is opened and closed through a trailing stop, the models would stay flat for the rest of the session” (click here to read the full forecast and/or verify this claim).

Trading Plan Results/Outcome:
Fri 01/18: Booked +15.47 index points in profits on one long trade
The index broke above 2652 around 9:50am EST, triggering a long with an 8-point trailing stop. The long position survived the 8-point trailing stop and rode the index all the way to the session high at 2675.47 around 12:20pm, lifting the stop to 2667.47. The stop was hit around 1:35pm, closing the long at 2667.47 with a profit of 15.47 index points.

As per the plan, the models then stayed flat for the rest of the session.

Past results this month (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.