Apple and FOMC – Main Drivers of Today’s Market Sentiment
Below, you will find our models’ trading plans for today:
Trading Plans for WED, 01/30:
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 are 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. Always consult a Financial Advisor before making your investment/trading decisions if you are not knowledgeable about these markets.
Medium-term/long-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. For these trades to trigger, the index should cross the specified levels during the regular session hours (no new positions to be opened after 3:45pm EST).
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. For these trades to trigger, the breaks should occur within the regular session hours.
Due to the intraday nature of these aggressive models, they indicate closing any open trades at 3:50pm and remaining flat into the session close.
IMPORTANT RISK DISCLOSURES AND NOTICES – READ CAREFULLY:
(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.