Trade Aptitude

Results of Friday’s Best S&P Turning Points: The suggested buy @ 3830.50 ran for 23 points. The suggested short @ 3902.25 didn’t trigger until 4:06 AM ET this morning and ran for 24.25 points to the next volume level. 

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

Buy 3846.50 stop 3841.25. Short 3924.50 stop 3930.25.   

The World Sentiment Index: (+100/-100) JUMPS from -21 to +67 with all open major world markets bullish. Historically the close was higher than the open 63% of the time. 

Catalysts: PMI MFG Final @ 9:45. Construction Spending @ 10:00. Mood is bullish starting the new year as Covid in China appears tamer… for now. 

Quick Tip: Set Trades Early

If your strategy allows for setting your trades in advance, like our volume-at-price and advanced supply/demand strategies, do it early. Why? Because the Globex system is a first-in/first-out algorithm. 

Think of your order as in a queue. You may see price hit your entry but not fill. You’re “in line,” but not near the front. Entering late doesn’t get you filled on occasion. 

Looking at the charts you’ll see fill was no problem as price moved through the suggested entries. However, we know from documenting and reviewing thousands of trades that price will touch and turn the levels suggested 12% of the time. And those are all winners. No trader can afford to pass on 12% of the winners. Enter your orders early.

In last night’s case, before you went to bed and you’re waking up to a solid win. Good Morning!

Tired of trading alone? Join our trading team. We use evidence-based rules across multiple strategies, and constantly research and test new ideas. Click here for a no-risk 30-day offer. You can make 2023 your best trading year ever! 

Trade Fearlessly,

Mike Siewruk 

P.S. Feel free to share this blog with all your trading buddie