Yesterday’s results: Buying 5888.50 picked the bottom of the session and ran for 25 points.
Today’s Best S&P Futures Turning Points: Buy 5908.50 stop 5904.25 if price retraces down from above. Short 5864.75 stop 5868.50 if price retraces up from below.
The World Index: (+100/-100) jumps from zero to +43 with most of the world Bullish. Asia up strong.
Catalysts: Building Permits & Housing Starts @ 8:30. Fed’s Waller @ 12:10.
Quick Tip: Dividend Plays? Really?
As traders we’re usually focused on capital gains, not holding stocks over the long term and collecting dividends. However, having a dividend producing portfolio is a fabulous way to balance your wealth growth relative to the ups and downs of active trading.
John Bogle, founder of Vanguard Group, said “Over the long run, it is dividends, and dividends alone, that account for the lion’s share of stock market returns."
Warren Buffett was a huge fan as well: "The best investment you can make is in a business that has a durable competitive advantage and pays a reliable, growing dividend."
OK so, the question is how do we find “reliable, growing dividends.”
Using our InsidersEdge.Pro software, which alerts us in real-time via text messages when an Insider makes large purchases of their company’s stock, we found the answer.
Think about it. If the CEO is buying more stock in his company he does it for two reasons: The stock is likely going up OR he wants to grab an out-sized dividend yield because the price was low, and he KNOWS the dividend is good and safe. After all, he makes the dividend decision for the company!
If you’re looking to build a dividend portfolio, or just want better candidates for your stock and options swing trading, watch this training session. No disappointments.
Trade Fearlessly,
Mike Siewruk
P.S. Feel free to pass this along to your trading buddies. Share in the wealth!
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