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

An opening drop helps our new short position in the S&P 500.   However, this morning’s gap down in the cash index is being reversed and, so far, the overall move from Monday’s high is consistent with a correction.   We are going to lower our stop loss from 1318.50 to 1314.25.  This level should not be exceeded if a turn down is in place and it will reduce our losses if additional highs are to be seen prior to any significant bear moves.

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.