Trade Aptitude

Results of Wednesday’s Best S&P Futures Turning Points: Neither level triggered.

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

Buy 4499.00 stop 4495.50. Short 4543.75 stop 4548.25 (and if failed, buy the breakout at 4547.00 stop 4543.00). 

The World Index: (+100/-100) reverses from -43 to +43 in a return to Bullish sentiment.   

Catalysts: PPI, Retail Sales and Jobless Claims @ 8:30. Tech should get a boost from the chip maker ARM’s IPO. 

Quick Tip: Night Moves 

If you’re working days and wish you could day trade here’s some great news. 

The result of a significant study on market returns done by Haghani, Ragulin & Dewey called “Night Moves: Is the Overnight Drift the Grandmother of All Market Anomalies” will solve your dilemma.  

In a nutshell, nearly all the return earned in the S&P over the past 30 years was made when the market was closed. “Night moves.” This divergence occurs in many individual stocks, ETFs, even Bitcoin! 

Their research concurs with my own, so it was invigorating to find some kindred spirits. For example, one of the strategies our team trades has a unique trade plan for the S&P futures market during the Globex (night) session. 

This strategy allows for “set/forget” trades, so you don’t have to manage open trades. Set your entry and trailing stop then go to sleep. The result over the past 347 trading days shows a nearly 400% improvement trading the Globex versus the day session! 

After hearing from so many traders that they couldn’t join our live trading team because they work during the day, we launched a membership just for them. Join now and save $50 per month, only $99.00 with a no questions asked money-back guarantee. Click here for details. 

Trade Fearlessly,

Mike Siewruk

P.S. Here’s a link to the research report for all the evidence of this remarkable trading anomaly. Click here.