Results of Published Model Entries and Exits for Thursday 01/31
Per the plans published in the morning today, our medium-term models yielded 6.95 index points in gains on one long trade, and our aggressive models resulted in 19.95 index points in gains on one long trade.With this, our models are closing out the month of January with +108.80 index points and +127.46 index points in gains by medium-term models and aggressive intraday models respectively. Each of these are mechanical, pre-fixed entry and exit points published before the markets open, and can be cross-checked by anyone against the daily forecasts published with the blog’s timestamp that we can not control or modify. Thank you to all those readers who are reaching out with appreciation (and, some with gratefulness).Below, you will find the detailed outcome tracking of our models’ trading plans for the day, 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 In the Morning – Medium-term Models
“For today, Thursday 01/31, our medium-term (high frequency) models indicate going long on a break above 2692 or 2676, with a 10-point trailing stop. No short trade is indicated for today” (click here to read the full forecast and/or verify this claim).
Trading Plan Results/Outcome:
Thu 01/31: Booked +6.95 index points in profits on one long trade
The S&P 500 Index broke above the 2692 level around 10:20am EST, triggering a long position with a 10-point trailing stop.
The position rode all the way to the session high of 2708.95 reached by noon, lifting the trailing stop to 2698.95, which was triggered around 12:45pm, closing the long with 6.95 index points in profits. The models stayed flat for the rest of the session.
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, Thursday 01/31, our aggressive intraday models indicate going long on the index crossing above 2692 or 2681 or 2670, with an 8-point trailing stop. In addition, aggressive intraday models indicate trading off of 2650 as a pivot – going long on a break above 2650 and going short on a break below 2650, with an 8-point trailing stop” (click here to read the full forecast and/or verify this claim).
Trading Plan Results/Outcome:
Thu 01/31: Booked +19.95 index points in profits on one long trade.
The S&P 500 Index broke above the 2681 level within the first ten minutes, triggering a long position with an 8-point trailing stop.
The position rode all the way to the session high of 2708.95 reached by noon, lifting the trailing stop to 2700.95, which was triggered around 12:45pm, closing the long with 19.95 index points in profits. The models 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.