Alpha Searching by Trade Aptitude

Friday’s results: Buying 5851.50 was only good for a 4.25-point scalp. The short idea didn’t trigger. 

Today’s Best S&P Futures Turning Points: Buy 5847.75 stop 5842.25. Short 5904.50 stop 5909.50.

The World Index: (+100/-100) rises from +14 to +36 with all major world markets neutral to mildly Bullish on low volatility.

Catalysts: Dallas Fed MFG Index @ 10:30. 

Quick Tip: Alpha Searching 

Our day trading team meets every morning between 9:00 and 10:30 AM ET to swap ideas on trades across several strategies. Some days are very active, others quiet. Lately it seems the market has chopped sideways during our sessions and made the better moves later in the day. 

As the host it’s challenging to find commentary when setups aren’t setting up!

For those that also swing trade options, there is plenty to talk about. Our swing trading team only meets once weekly but when you’re running a portfolio of trades with more candidates available almost daily, the analysis and review are plentiful. 

If you’re looking for a unique approach to swing trading stocks and options, check out our recent training session. The Alpha (edge) we have will be a pleasant surprise. No disappointments. 

Trade Fearlessly,

Mike Siewruk

P.S.  Feel free to pass this along to your trading buddies. Share in the wealth!