S&P 500 INDEX MODEL TRADING PLANS for FRI. 01/05

The stronger-than-expected Non Farm Payrolls number could be stoking the stickier-than-anticipated inflation concerns anew. After dipping right after the NFP release, the index futures are fighting to crawl back up, but it could give in once the regular session opens. How today’s daily close registers could be offering some clues about the near term directionality of the markets. 4650 is the immediate support level to watch for.

Aggressive, Intraday Trading Plans:

For today, our aggressive intraday models indicate going long on a break above 4716, 4701, 4690, or 4662 with an 8-point trailing stop, and going short on a break below 4713, 4699, 4684, 4673, or 4660 with a 10-point trailing stop. 

Models indicate explicit long exits on a break below 4688, and explicit short exits on a break above 4708, 4685, or 4676. Models also indicate a break-even exit once a position is in profit by 4-points. Models indicate taking these signals from 9:31am EST.

By definition the intraday models do not hold any positions overnight – the models exit any open position at the close of the last bar (3:59pm bar or 4:00pm bar, depending on your platform’s bar timing convention).

To avoid getting whipsawed, use at least a 5-minute closing or a higher time frame (a 1-minute if you know what you are doing) – depending on your risk tolerance and trading style – to determine the signals.

(WHAT IS THE CREDIBILITY and the PERFORMANCE OF OUR MODEL TRADING PLANS over the LAST WEEK, LAST MONTH, LAST YEAR? Please click here to see for yourself how our pre-published model trades have performed so far! Seeing is believing!) 

NOTES – HOW TO INTERPRET/USE THESE TRADING PLANS:
(i) The trading levels identified are derived from our A.I. Powered Quant Models. Depending on the market conditions, these may or may not correspond to any specific indicator(s).
(ii) These trading plans may be used to trade in any instrument that tracks the S&P 500 Index (e.g., ETFs such as SPY, derivatives such as futures and options on futures, and SPX options), triggered by the price levels in the Index. The results of these indicated trades would vary widely depending on the timeframe you use (tick chart, 1 minute, or 5 minute, or 15 minute or 60 minute etc.), the quality of your broker’s execution, any slippages, your trading commissions and many other factors.
(iii) These are NOT trading recommendations for any individual(s) and may or may not be suitable to your own financial objectives and risk tolerance – USE these ONLY as educational tools to inform and educate your own trading decisions, at your own risk.

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