Manipulation by Trade Aptitude

Yesterday’s results: No trades triggered. 

Today’s Best S&P Futures Turning Points: Short 5954.50 stop 5960.25. Buy 5965.25 stop 5959.50 if price retraces down from above. (Filtered out during PCE release). 

The World Index: (+100/-100) dips from -50 to -64 with all major world markets Bearish on increasing volatility. 

Catalysts: PCE, Personal Income & Spending and Fed’s Williams @ 8:30. UofM Consumer Sentiment (revised). 

Quick Tip: Manipulation

Courtesy of the WSJ newsletter – “On December 19, 1868, Cornelius Vanderbilt bought additional shares of the New York Central Railroad. He then convened an emergency meeting of the board of directors, which declared an 80% dividend. The stock shot up over the next two days, at which point Vanderbilt dumped his new shares for a $5.5 million profit.”

Today we have the SEC and regulations to prevent blatant manipulation like Vanderbilt did. But manipulation still exists, just more subtle. 

Insiders are still buying shares ahead of good news, but they have some rules to follow. Knowing those rules and having timely access to Insider buys can offer tremendous edge to your trade plan. 

Watch this free training to learn how. Click here.

Trade fearlessly,

Mike Siewruk

 P.S. Share in the wealth! Pass this blog along to your trading buddies.