Yesterday’s results: Buying 5847.75 stopped out. Shorting 5891.00 filled in the Globex @ 20:42 ET and ran for 15+ points, still open.
Today’s Best S&P Futures Turning Points: Buy 5908.75 stop 5903.75 if price retraces down from above. Short 5865.00 stop 5869.75 if price retraces up from below.
The World Index: (+100/-100) plummets from +21 to -43 with most major world markets Bearish on rising volatility.
Catalysts: ADP Payrolls @ 8:15. GDP @ 8:30. Pending Home Sales @ 10:00. Crude Oil Inventories @ 10:30. GOOG revenue/earnings beat gives AI a boost.
Quick Tip: Insider Influence
Your trading toolbox probably includes tools for the analysis of technical, fundamental, and sentiment data. All good.
Significant research by Wall Street and academia has proven that Insider buying is predictive of positive abnormal future stock price performance. Of course, when that abnormal positive move happens varies widely and understanding that is key to successfully using Insider buying data.
If you’re trading stocks or options you should add Insider buying to your analysis. Once you know which stock to trade, you can visit the SEC website and dig into the history of insider filings for that stock symbol.
A better way is to scan all the filings daily using a tool like our InsidersEdge software to find only those stocks that have significant Insider buying activity. These candidates add an edge to your existing trade plan you’re currently missing.
An even better way is to enable SMS messaging on InsidersEdge and get an alert in real time when an Insider makes a big buy. Click here to watch our recent training session on this hot topic.
If you’d prefer to attend live training, click here to reserve your seat for Thursday October 31 @ 1 PM ET. No charge. 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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