Trade Aptitude

Results of Wednesday’s Best S&P Futures Turning Points: : Shorting 4777.00 filled in the Globex session last night running for 9+ points and still open but looking weak. 

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

Buy 4704.00 stop 4699.25. Short 4800.50 stop 4805.50

The World Index: (+100/-100) jumps from +7 to +43 with most major world markets Bullish.  

Catalysts: Retail Sales, Import Prices & Jobless Claims @ 8:30. Interest rate cuts coming, risk on, Dow hits record high, others to follow. 

Quick Tip: Asymmetry

Interest rate cuts are now firmly on the horizon after yesterday’s FOMC press conference. We will see new all-time highs in all the stock market indexes. 

What does that mean for short selling? 

Historically, prices move up and down in impulses and corrections. There will be short selling opportunities. But with the bigger picture trend clearly up, those corrections will last for shorter periods of time. 

Generally, prices fall faster than they rise. That’s asymmetry. It’s time to anticipate. Your profit targets and holding periods on short trades, if you decide to trade them, will need adjustment. 

The best way to find the correct adjustments is to review your long/short trade results in similar prior market conditions. Having this documentation already will make this job much easier. 

Our team day-trades multiple strategies with edge in a live online environment. All the trades are documented. Finding any edge in shorting will be a priority now. Join the team, learn the strategies, and trade live with us daily for 30 days. New lower rate available now. Money back if you’re not blown away!

Trade Fearlessly,

Mike Siewruk

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