Results of Published Model Entries and Exits for Thursday 06/06

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. 

 

The trades given below are not reflective of or indicative of any specific outcomes for any specific individual – your exact results would vary widely, depending on the time frame you use – tick chart, 1-min chart, 5-min chart, 15-min chart etc, as well as the quality of the execution of your broker, the stop levels you use based on your risk tolerance and your trading style. 

 

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 Wednesday Morning – Medium-Frequency Models

 
“For today, Thursday 06/06, our medium-frequency models are in an indeterminate state and are staying out of the markets.“   


Trading Plan Results/Outcome

Thu 06/06: Stayed out of the market

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

Trading Plans/Forecast Published Wednesday Morning – Aggressive Intraday Models

“For today, Thursday 06/06, our aggressive intraday models indicate going long on a break above 2838 or 2825 or 2811 with an 8-point trailing stop, and going short on a break below 2835 or 2818 or 2808 with an 8-point trailing stop.”

Trading Plan Results/Outcome:

Thu 06/06: The aggressive intraday models booked a net +13.17 index points in gains on two longs and two shorts

After registering the session low of 2822.45 around 10:30am EST, the index broke above the 2825 level around 10:35am triggering a long with an 8-point trailing stop. The index briefly breached above and then broke below the 2835 level around 11:35am, closing the long with a gain of 10.00 index points and simultaneously opening a short with an 8-point trailing stop. 

The short reached an interim low of 2826.93 around 11:50am, moving the trailing stop trigger to 2834.93 which was triggered around 2:10pm closing the position with a gain of 0.07 index points. 

The index broke below the 2835 level again around 2:25pm, opening a short (#2). This short was closed when the index broke above the 2838 level around 2:35pm, with a loss of 3.00 index points, and a long (#2) was opened with an 8-point trailing stop. 

The long reached the session high of 2852.10 around 3:40pm, lifting the trailing stop trigger to 2844.10. The stop was hit at 3:55pm, closing the long with a gain of 6.10 index points.  

Thus, the aggressive intraday models registered a total of 13.17 index points on two longs and two shorts (+10.00 +0.07 -3.00 +6.10). 

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