Trade Aptitude

Results of Thursday’s Best S&P Futures Turning Points: Buying 4397.25 ran for 20.25 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 4402.25 stop 4406.50.

The World Index: (+100/-100) plummets from +64 to -64 with all major world markets Bearish.

Catalysts: JPM beats on earnings. Import Price Index @ 8:30. Fed-speak @ 9:00. UofM Consumer Sentiment @ 10:00. Israeli war escalates. 

Quick Tip: Edge on Friday the 13th?

It turns out there is no edge to be found on Friday the 13th. However, there is some interesting evidence about trading on any Friday. 

It's believed that stock markets tend to rally on Friday due to short covering by traders to avoid paying interest on a short position over the weekend. 

Our intraday trend strategy for the S&P futures shows a solid long bias throughout the day while successful shorts work well only until 11:00 ET. This may not apply to your strategy, which is why you should be documenting evidence on day of week and time of day performance. 

Evidence builds confidence. If you don’t have the time or discipline to fully document your strategy performance, let us do it for you.  Join our team. You can learn multiple strategies tuned for different market conditions and trade live with us for 30 days. New reduced price offer. Money back if you’re not blown away!

Trade Fearlessly,

Mike Siewruk

P.S. Feel free to share this newsletter with your trading buddies.