Trade Aptitude

Yesterday’s results: Neither trade idea triggered. 

Today’s Best S&P Futures Turning Points: Buy 5422.25 stop 5416.50. Short 5581.25 stop 5584.75. Filter out trades around the CPI release. 

The World Index: (+100/-100) drops from -7 to -21 with world sentiment drifting Bearish on low volatility. 

Catalysts: CPI @ 8:30. Crude Oil Inventories @ 10:30. Ten-year bond auction @ 13:00. 

Quick Tip: Bulls Rule Today?

It’s hard to believe the 9/11 attacks were 23 years ago. I still have vivid memories of not trading that day. 

Sitting on a 100% long swing trading portfolio of stocks and watching the news would seem personally tough. The truth is I didn’t think much about the money or potential loss given the circumstances. There is a time when money simply doesn’t matter in comparison. Thankfully it rarely happens. 

Markets are mostly a collective emotional argument. Since nothing can be much more emotional than 9/11 for the markets and being an evidence-based trader, I decided to take a quick look back over all the 9/11 S&P results for potential edge today. 

Of the 22 sessions, 16 occurred on a trading day, 6 over the weekend. The stats include the Monday performance after the actual 9/11 date if it were on a weekend. 

Price closed higher 73% of the time for an average gain of 14.50 points. Of the 6 losing sessions, the 2002 (first anniversary) and 2020/2021 (Covid) were sizable, the other 3 were near breakeven. 

Bulls win this war, and it doesn’t surprise me or Warren Buffett who said “"America has had no shortage of challenges. Without fail, however, we’ve overcome them." 

Unless the CPI release surprises negatively, lean long today!

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!