Trade Aptitude

Results of Thursday’s Best S&P Futures Turning Points: Shorting 4214.00 stopped out. Buying the breakout ran for 22 points. 

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

Buy 4228.50 stop 4223.25. Short 4271.75 stop 4277.50. 

The World Sentiment Index: (+100/-100) JUMPS from +43 to +86 with all major world markets very Bullish.

Catalysts: Employment Report @ 8:30.  

Quick Tip: Breakouts

The suggested turning points in this newsletter are former high volume price levels. These represent fair value, otherwise price would trend. They’re used for both reversal and breakout trades. 

Looking at the chart above you’ll notice the breakout was documented, but not suggested in yesterday’s edition. Going forward you should pay attention to the breakouts when the reversals fail. 

In strong trending markets the reversals can suffer, for obvious reasons. Consider smaller position size in those conditions. Then go back to full size on the breakout, if it occurs. 

On our trading team, we discuss present time market conditions and plan accordingly. Think of it as “calling an audible.”

It's our 3-year anniversary this month and we're celebrating by offering qualified new members a fabulous gift! Our Team Membership is normally $349/mo. but you can join now for only $199 (never an increase, cancelable anytime). Use coupon code ANNIVERSARY2306.  Join us, learn the strategies, and trade live with us daily for 30 days. Money back if you’re not blown away!

Trade Fearlessly,

Mike Siewruk 

P.S. Are you looking for the best Leading Indicator for your stock and options trading? Watch the recording from our recent training session and take advantage of another Anniversary discount! Click here.