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Today’s Best S&P Futures Turning Points: Buy 5113.75 stop 5109.25. Short 5254.25 stop 5258.00.
Wednesday’s results: The buy level at 5231.50 was filtered out during the CPI news release volatility.
The World Index: (+100/-100) drops from +21 to -29 with most major world markets mildly Bearish or flat.
Catalysts: ECB Monetary Policy @ 8:15. PPI & Jobless Claims @ 8:30. ECB Press Conference, Fed’s Williams @ 8:45, Barkin @ 10:00, Collins @ 12:00, Bostic @ 13:30.
Quick Tip: Best Swing Trades
If you’re a swing trader of stocks or options you probably have some technical analysis rules for entry and exit. There are countless indicators and methods that work just fine.
One “edge” you might not have optimized yet is your stock/option selection method. Many traders will simply look for the high-volume candidates with appropriate volatility. That’s not enough.
Why not? Because they’re depending on the lagging technical indicators for timing, which is critical to success.
There’s a quote, author unknown, that applies: “If time is money, then timing is wealth.”
Smart money traders look for evidence through leading indicators, like Insider buying and unusual options activity, to find their swing trading candidates.
For a fabulous training lesson that will really open your eyes to the power of these leading indicators, click here. No charge!
Trade Fearlessly,
Mike Siewruk
P.S. Feel free to pass this along to your trading buddies. Share in the wealth!
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