Results of Published Model Entries and Exits for Tuesday 05/28

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, Monday 05/28 (edit: typo – read as ‘Tuesday 05/28’), our medium-frequency models indicate going short on a break below 2825 or 2845 with a 10-point trailing stop, and short exits on a break above 2852 or 2830. No long trades are indicated today.”

Trading Plan Results/Outcome

Tue 05/28: The medium-frequency models booked -5.00 index points in losses on one short and carrying one open short overnight (opened at 2825, 10-pt trailing stop at 2811.58)

The index broke below the 2825 level around 11:30am ET, triggering a short position with 10-point trailing stop. The short was exited when the index crossed above 2830 around 12:05pm, resulting in a loss of 5.00 index points. 
 
The index broke below the 2825 level for a second time around 2:00pm, triggering a short position with a 10-point trailing stop. The short rode all the way to the session close at 2801.58, with the trailing stop anchored at 2811.58. 
 
The short is currently open and being carried overnight to 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 Monday Morning – Aggressive Intraday Models

“For today, Monday 05/28 (edit: typo – read as ‘Tuesday 05/28’), our aggressive intraday models indicate using 2825 and 2835 as pivots for both long and short trades. Thus, they would go long on a break above 2825 or 2835 and go short on a break below 2825 or 2835 – both sides with an 8-point trailing stop.”

Trading Plan Results/Outcome:

Tue 05/28: The aggressive intraday models booked +29.28 index points in gains on two longs and two shorts

The index broke above the 2835 level around 9:35am ET, triggering a long with an 8-point trailing stop. After reaching the session high of 2840.51, the index broke below the 2835 level around 10:15am, closing the long at break-even and opening a short with an 8-point trailing stop simultaneously. 
 
The short narrowly survived the trailing stop to reach the interim low of 2824.19 around 11:35am and then broke above the 2825 level, where the models closed the short with a gain of 10.00 index points, and opened a long with an 8-point trailing stop. 
 
The long reached an interim high of 2832.91 around 12:30pm before falling below the 2825 level around 2:00pm. The models then closed the long for break-even and opened a short simultaneously. 
 
The short reached the end of the session and the models closed the short at the end of 3:55pm, following the “intraday” protocol, at 2805.72 for a gain of 19.28 index points. 
 
Thus, the aggressive intraday models booked a net of 29.28 index points in gains (0 + 10.00 + 0 + 19.28) 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