Results of Published Model Entries and Exits for Monday 05/06

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 Monday Morning – Medium-Frequency Models

“For today, Monday 05/06, our medium-frequency models are in an indeterminate state and indicate staying out of the market for the day. They would be monitoring today’s close for the below-2895 level.”

Trading Plan Results/Outcome

Mon 05/06: No trade

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

Trading Plans/Forecast Published Monday Morning – Aggressive Intraday Models

“For today, Monday 05/06, our aggressive intraday models indicate going long on a break above 2918 with an 8-point trailing stop and a take-profit target of 2928. Models also indicate going short on a break below 2905 or 2900 with an 8-point trailing stop and a take-profit target of 2885.”

Trading Plan Results/Outcome:

Mon 05/06:  Booked a net 0.4 index point in profit on one short and two longs 

The S&P 500  index broke below the 2905 level at 9:45am ET, triggering a short position with an 8-point trailing stop. The index reached an interim low at 2902.4 within the next few minutes, moving the stop trigger to 2910.4. The stop trigger was hit around 10:00am, closing the position with a loss of 5.4 index point.

The index broke above the 2918 level around 11:15am, triggering a long position with an 8-point trailing stop. The index reached an interim high at 2921.8 at 11:30am, lifting the stop trigger to 2913.8. The stop trigger was hit around 1:00pm, closing the position with a loss of 4.2 index points.

The index again broke above the 2918 level at 1:30pm, triggering another long position with an 8-point trailing stop. The index reached the profit target of 2928 around 2:45pm, closing the position with a profit of 10 index points.

Thus, the models booked a net profit of 0.4 (-5.4 -4.2 +10) index points on one long and two short positions in today’s 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