Trade Aptitude

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

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

Buy 4266.00 stop 4260.75. Short 4378.50 stop 4383.25.

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

Catalysts: Core PCE Price Index & Personal Income @ 8:30. Chicago PMI @ 9:45. UofM Consumer Sentiment @ 10:00. 

Quick Tip: When to Trade What

One of the many benefits of trading on a team of solid traders is the exchange of ideas. Call it collective wisdom.

Several traders on our team don’t trade the open. That doesn’t mean there aren’t strategies that work well at the open, like gap fades or runs. Others only trade and bank their day early, not willing to risk giving it back in the afternoon. 

These traders, through experience, have found their preference. Neither is right or wrong, it’s just personal style. 

If you document in detail the strategies you’re trading you’ll likely find where the edge is during the day. 

All-star trader Linda Raschke said, "I look for semi-dull consolidating action around lunchtime and in the early afternoon, and this sets up the late-day trades." 

We have significant proof for one strategy that this works well in the S&P futures market. Not so well in oil and gold. 

The key is to not assume what you learn, hear, or read is transferrable to all markets. Investing the time to find the evidence pays big dividends. 

Tired of trading alone and guessing when to trade what? Join our team. You can learn the strategies and trade live with us daily for 30 days. Money back if you’re not blown away!

Trade Fearlessly,

Mike Siewruk

P.S. Feel free to share this newsletter with your trading buddies.