The Daily Market Forecast

Wednesday’s Results: CPI volatility blew price through the suggested buy @ 3772.50. 

Quick Tip: Don’t Trade

There are times when you shouldn’t trade. The CPI news yesterday was one of the times. Price became too volatile with slippage galore. There are other key catalysts you should monitor to know when not to trade. Some of the catalysts are asset-specific, like the EIA Petroleum Inventory Report (for oil). 

Add this simple step to your morning routine. Go to ForexFactory.com   even if you don’t trade currencies. Their economic calendar is one of the best. You can filter the calendar by currency, event type, and “impact” to get the exact information you need. 

If you trade stocks, you’ll need to know earnings release dates. Try EarningsWhispers.com. 

Today’s Best S&P Turning Points (in fast moving markets consider a wider stop and less size): 

Sell 3806.50 stop 3812.25. 

Buy 3694.00 stop 3690.75. 

Trade Fearlessly,

Mike Siewruk 

P.S. Does your strategy perform better than you? Here’s your solution.