Trade Aptitude

Results of Monday’s Best S&P Futures Turning Points: Neither level triggered, both levels stay on the chart. 

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 4598.50 stop 4604.25. 

The World Index: (+100/-100) reverses from +21 to -21 in a world of mixed sentiment and lower volatility. 

Catalysts: Nothing on the economic calendar. Waiting on CPI tomorrow.    

Quick Tip: Time Horizon

More importantly for swing and position trading than day trading, knowing your time horizon in advance is critical. The decision on how long to hold a trade is your “expectation management.” 

One strategy our team trades uses significant insider buying (stocks) to forecast price direction. Plenty of research has been done to back up this thesis. No one knows more about the likely future performance of a company than those running it. When the CEO writes a 7 or 8 figure check to the open market to acquire more ownership, that’s a solid “tell.” 

The key to success with this knowledge is your time horizon. We’ve found that some of these insider buys will have an immediate impact on the stock price. Others require several weeks, even months, to work. 

This is good news. If you’re looking for a short-term trade your analysis should focus on catalysts that can have an immediate impact. If you prefer a less active trading style you can focus on more fundamental information. 

Either way, it’s important to align your expectations with the likely reality. 

We use a proprietary software program, InsidersEdge, to scan for candidates with both expectations. Team members receive daily email notifications of qualified candidates and weekly coaching sessions. Join now for only $97 per month and get your swing and position trades out-performing. Click here for details. Money back if you’re not blown away!

Trade Fearlessly,

Mike Siewruk