Trade Aptitude

Results of Thursday’s Best S&P Futures Turning Points: The short @ 4168.25 caught the top of the session and ran for 31.25 MFE and 15.50 at the close. Feel better about the win by donating a slice to my preferred charity, the Alzheimer’s Association. Click here. 

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

Buy 4120.75 stop 4116.00. Short 4176.50 stop 4181.75. 

The World Sentiment Index: (+100/-100) drops from -21 to -57 with most major world markets Bearish. 

Catalysts: PMI Flash @ 9:45. POTUS is getting tougher on Chinese investment by American companies. 

Quick Tip: The Turn

In Texas Hold ‘Em poker you’re dealt two “hole cards” (no one else can see them). In trading the analogy would be your setup to enter. 

The next three cards are called the “flop” (everyone can see them). In trading we would call that confirmation. 

The next card is called the “turn” (everyone can see it). In trading that would be your actual entry. 

The final card is called the “river” (everyone can see it). In trading, this would be the result. Will you hit your stop or run for a winner? 

The suggested trades offered here every day are high probability turning points based on high volume price levels. 

Here’s what all-star trader and hedge fund manager Paul Tudor Jones has to say about it: "I believe the best money is made at the market turns. Everyone says you get killed trying to pick tops and bottoms and you make all your money by playing the trend in the middle. Well, for twelve years I have been missing the meat in the middle, but I have made a lot of money at tops and bottoms."

Hard to argue with a billionaire who’s succeeded for decades in the trading world. 

But note that he mentioned “the meat in the middle.” In our trading room we have complementary strategies: One looks for turning points, which is what you get a taste of in this newsletter, the other looks for high probability “meat in the middle” trend trades, which develop and signal in real-time and cannot be forecast here. 

Looking at the chart above you’ll see the turning point was a solid winner. Our intraday trend strategy also crushed it with a 52-point day. 

You should trade both! Join the team, learn the strategies, and trade live with us daily for 30 days. Money back if you’re not blown away!

Trade Fearlessly,

Mike Siewruk