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Today’s Best S&P Futures Turning Points: Buy 5082.75 stop 5078.25. Short 5176.00 stop 5181.75. Both are filtered out during the PCE news release @ 8:30 ET
Thursday’s results: The buy at 5048.50 was filtered out due to the GDP release volatility but did bounce for a quick 12-points.
The World Index: (+100/-100) soars from -14 to +64 with all major world markets firmly Bullish.
Catalysts: Core PCE Price Index, Personal Income & Spending @ 8:30. Revised UofM Consumer Sentiment @ 10:00. MSFT & GOOG earnings strong.
Quick Tip: Three Q’s
The best formulas for success are simple.
One of my favorites on decision making, which applies to trading very well, comes from Keith Cunningham, author of The Road Less Stupid:
1 – What is the upside?
2 – What is the downside?
3 – Can I live with the downside?
This ritual can be accomplished instantly with a little practice. Once you’ve asked these questions to yourself enough, they’ll move from your conscious mind to your subconscious where you won’t have to think about them at all. You’ll automatically, instantly assess each trade opportunity and know the correct decision. Unemotionally.
Tired of day trading alone and guessing what to do next? Join our team. You can learn the strategies and trade live with us daily for 30 days. Money back if you’re not blown away! Take advantage of the final days of this promotional price.
Trade Fearlessly,
Mike Siewruk
P.S. Feel free to pass this along to your trading buddies. Share in the wealth!
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