Yesterday’s results: Buying 5909.50 picked the bottom of the session and ran 66 points to the suggested short at 5975.50, which only offered a 6.25-point scalp.
Today’s Best S&P Futures Turning Points: Short 6002.25 stop 6007.75. Buy 6007.00 stop 6001.50 if price retraces down from above.
The World Index: (+100/-100) drops from +29 to zero with sentiment mixed and volatility low.
Catalysts: S&P MFG & Services PMI Flash @ 9:45. UofM Consumer Sentiment & Inflation Expectations @ 10:00.
Quick Tip: Simplify
One of our trading teams, the stock/options swing traders, uses a long-only strategy that has extreme asymmetrical results. The risks are very low. The rewards are sometimes parabolic.
While there are dozens of options strategies you could use, why complicate your plan? Simple call option buys work fantastically with these trades because the real edge comes from inside information, not a chart pattern or indicator. We scan for big Smart Money bets that seem unlikely to succeed. But they frequently do.
What makes this strategy so attractive are the results. The losers are so small no one gets emotional. The winners are so much larger the net results are impressive.
If you’re looking for a proven strategy that requires very little execution time, watch this recent training session. But do it now because the offer to join our team at this low price expires this weekend.
Trade fearlessly,
Mike Siewruk
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