Results of Published Model Entries and Exits for Tuesday 05/21

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 Tuesday Morning – Medium-Frequency Models

“For today, Tuesday 05/21, our medium-frequency models indicate going long on a break above 2866 or 2856 with a 10-point trailing stop. The models also indicate going short on a break below 2854, with a 10-point trailing stop.“

Trading Plan Results/Outcome

Tue 05/21: One long – opened at 2856 – carried to the next session, with a 10-point trailing stop currently with trigger at 2858.88.

The index opened at the session low of 2854.02 – just 0.02 shy of the 2854 level our models were monitoring to go short – and stayed above that for the whole session. It broke above the 2856 level within the first couple of minutes, triggering a long with a 10-point trailing stop. 
 
The long reached the session high of 2868.88 around 11:00am, moving the stop trigger to 2858.88. The long narrowly survived the stop through the session end and is carried to overnight into the next session. 


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


Trading Plans/Forecast Published Tuesday Morning – Aggressive Intraday Models

“For today, Tuesday 05/21, our aggressive intraday models indicate going short on a break below 2860 or 2853 – each with an 8-point trailing stop.

 

Models also indicate going long on a break above 2865 or 2856 or 2848 – each with an 8-point trailing stop. “

Trading Plan Results/Outcome:

Tue 05/21: The aggressive intraday models booked -1.42 index points in losses on two longs and one short
 
The index broke above the 2856 level within the first couple of minutes, triggering a long with an 8-point trailing stop. The long reached the session high of 2868.88 around 11:00am, moving the stop trigger to 2860.88. The stop was triggered around 11:55am, closing the long with a gain of 4.88 index points.
The index then broke below the 2860 level, triggering a short with an 8-point trailing stop. The index broke above the 2865 level around 1:00pm, closing the short with a loss of 5.00 index points and simultaneously opening a long for the second time.
The long survived through the session end, and was closed as of 3:55pm – as per the “intraday” mandate – at 2863.70, registering a loss of 1.30 index points.
Thus, the aggressive intraday models booked a net loss of 1.42 index points (+4.88 -5.00 -1.30).


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