Trade Aptitude

Yesterday’s results: Neither trade idea triggered. 

Today’s Best S&P Futures Turning Points: Buy 5569.75 stop 5564.00. Short 5688.25 stop 5693.50.

The World Index: (+100/-100) drops from +57 to +21 with most major world markets mildly Bullish on declining volatility. 

Catalysts: Import Prices@ 8:30. UofM Consumer Sentiment @ 10:00. 

Quick Tip: More Price Levels

This blog suggests two good setups every day. One long, one short. They are not the only setups that are presented from the volume-at-price analysis. 

Every trading day offers a different “map” of volume levels. They only work for so long, then they’re taken off the chart. That happens when the level is stopped out. 

Hint: Save the levels that didn’t trigger a trade or stop out. They’re good until they’re violated. 

In Wednesday’s blog post the suggested short was 5581.25. New levels were offered on Thursday. This doesn’t mean the prior level “came off” the charts. Yesterday during premarket trading, the suggested turning point was precisely at that level and the short trade ran for 41 points with only one tick of adverse movement.

Keep a record of the suggested levels and watch for subsequent opportunities!

Our trading teams focus on day trading futures and swing trading options. Maybe you'll fit right in. You can try either or both risk-free. 

Trade Fearlessly,

Mike Siewruk

P.S.  Feel free to pass this along to your trading buddies. Share in the wealth!