Trade Aptitude

Results of Friday’s Best S&P Futures Turning Points: Shorting 4141.50 offered a 14.25-point run before reversing. 

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

Buy 4096.75 stop 4092.00. Short 4206.50 stop 4212.25.

The World Sentiment Index: (+100/-100) continues up from +36 to +50 with most major world markets Bullish. 

Catalysts: Nothing important on the economic calendar. 

Quick Tip: Smart Money 

Media sells ads and that requires readers/viewers. Unfortunately, negative news that scares and creates fear tends to win out over the positive news with most people. 

Take the plunge in the banking sector for instance. Last week I suggested a tool to add to your swing/position trade plans using insider buying as a filter for stock/option selection. That day, there were several banks that had significant insider buying reported to the SEC. 

This is now a trend. It’s accelerating. Last week of all the insider buys in the entire stock market, 75% were banks and commercial real estate. They bought over $21 million of their company stocks. 

Certainly not every insider who buys has great timing. But when scores of insiders are buying not just in one company but many within a sector, that certainly looks like opportunity. 

Just ask yourself a couple of questions: “Do they know more than the media?”, “Are they the smart money or the dumb money?”

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Trade Fearlessly,

Mike Siewruk