Results of Published Model Entries and Exits for Wednesday 01/30

Per the plans published in the morning today, our medium-term models yielded 24.44 index points in gains on one long trade, and our aggressive models resulted in 0.67 index points in gains on two long trades.Below, you will find the detailed 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, Wednesday 01/30, our medium-term models indicate going long on a break above 2656, and going short on a break below 2628 – both sides with a 10-point trailing stop” (click here to read the full forecast and/or verify this claim).

Trading Plan Results/Outcome:

Wed 01/30:  Booked +24.44 index points in profits on one long trade

The S&P 500 Index broke above the 2656 level within the first five minutes, triggering a long position with a 10-point trailing stop.
The position narrowly escaped the 10-point trailing stop and survived all the way to the session high of 2690.44 reached by 3:00pm (between 12:20pm and 1:50pm, the position came within 0.10 distance from triggering the stop). At this point, the trailing stop was lifted to 2680.44, which was triggered at 3:10pm, closing the long with 24.44 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, Wednesday 01/30, our aggressive intraday models indicate going long on the index crossing above 2655, with an 8-point trailing stop. Models would go short on a break below 2643, with an 8-point trailing stop” (click here to read the full forecast and/or verify this claim).

Trading Plan Results/Outcome:
Wed 01/30:  Booked +0.67 index points in profits on  two long trades.

The S&P 500 Index broke above the 2655 level within the first few minutes, triggering a long position with an 8-point trailing stop. The index reached an interim high of 2858.10 within a couple of minutes of openeing the long, taking the 8-point trailing stop to 2850.10 which was hit by 10:00am, closing the long with a loss of 4.90 index points.

The index broke aboe 2655 again around 10:45am, triggering another long position with an 8-point trailing stop. The index reached an interim high of 2668.57 by 12:25pm, taking the trailing stop to 2660.57. The stop was triggered at 1:45pm, closing the long with a profit of 5.57 index points. The models did not trigger any new trades and stayed flat for the rest of the session.

Thus, the aggressive intraday models booked a net loss of 0.67 (-4.90 +5.57) index points on two long trades.

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.