Trade Aptitude

Results of Monday’s Best S&P Futures Turning Points: Shorting 4780.00 stopped out. Buying the breakout delivered 17.25 points at the close. 

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

Buy 4739.00 stop 4733.25. Short 4799.25 stop 4802.25.

The World Index: (+100/-100) improves from -29 to -7 with most major world markets quiet.

Catalysts: Fed’s Barr speaks @ 12:00 PM. 

Quick Tip: Breakouts

The turning points offered in this newsletter start as reversals but are breakout candidates after stopping out. Yesterday is a perfect example of how the breakout rule frequently allows you to join the trend and repair the losing trade. 

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Trade Fearlessly,

Mike Siewruk

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