Results of Published Model Entries and Exits for Friday 05/17

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 Friday Morning – Medium-Frequency Models

“For today, Friday 05/17, our medium-frequency models indicate going long on a break above 2847, with a 10-point trailing stop and a take-profit target of 2860. The models also indicate going short on a break below 2838, with a 10-point trailing stop and a short-exit on a break above at 2832 or 2845.”

Trading Plan Results/Outcome

Fri 05/17: No trades were triggered

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

Trading Plans/Forecast Published Friday Morning – Aggressive Intraday Models

“For today, Friday 05/17, our aggressive intraday models indicate going short on a break below 2873 or 2863 or 2843 – each with an 8-point trailing stop and a take-profit target of 2835. Models also indicate going long on a break above 2847 or 2865 or 2875 – each with an 8-point trailing stop and a take-profit target of 2895.”

Trading Plan Results/Outcome:

Fri 05/17: The aggressive intraday models booked a net +18.74 index points in gains on two longs and two shorts

The index crossed above the 2865 level around 10:20am ET, triggering a long position with an 8-point trailing stop. The long rode the index all the way to the session high of 2885.48 around 11:10am, raising the stop trigger to 2878.48. The stop was triggered around 11:30am, closing the long with a gain of 13.48 index points. 
 
The index broke below the 2873 level around 11:40am, triggering a short position with an 8-point trailing stop. The index crossed above the 2875 level around 1:10pm, opening a long position and simultaneously closing the short with a 2.00 index point loss. 
 
The second long reached an interim high of 2878.55, before starting to fall. The index crossed below the 2873 level around 1:30pm, triggering a short position with an 8-point trailing stop and simultaneously closing the long with a loss of 2.00 index points. 
 
The second short then rode the index all the way towards the session end and, following the “intraday” mandate of the models, closed at 3:55pm at 2863.74, for a gain of 9.26 index points.  
 
Thus, the aggressive intraday models booked a net gain of 18.74 index points (+13.48 -2.00 -2.00 +9.26) on two longs and two shorts. 

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