Trade Update: March 2012 E-Mini S&P 500 Futures

Following today’s decline we will move our stops in the in the March 2012 E-Mini S&P 500 futures contract. Our initial entry was based on the cash S&P 500 index and anticipation of where prices should stop if our analysis of a topping pattern was correct. Now that we have broken down from those levels the contract high at 1297.50 needs to hold so we are moving our stops to 1297.75

This is a fictitious model portfolio managed to demonstrate trading techniques which may be used to trade a speculative account. The description of this hypothetical transaction is for education purposes only. Nothing related to the portfolio should be interpreted as a recommendation to buy or sell any security and the general techniques employed may not be suitable for every individual. Past performance of these techniques or this portfolio may not be representative of future results and results shown may vary from actual, live trading results subject to commissions and live market conditions including liquidity.