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

In the after-hours session the model portfolio was stopped into a short in the March S&P 500 E-Mini Futures. The stop loss level remains at 1318.50. While the conditions in the U. S. equity markets remain ripe for a decline and our entry levels increase the likelihood that a decline might continue, it would be more convincing has we achieved these levels during regular trading hours. Nevertheless, we’re in the trade now with our planned stops. We’ll monitor the price action as trade goes forward to see if and when we might need to adjust the trade.

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.