Trade Aptitude

Results of Wednesday’s Best S&P Futures Turning Points: Buying 4412.50 filled in the Globex session last night and ran for 18+ points so far, still open. 

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

Buy 4387.00 stop 4382.25. Short 4492.50 stop 4498.00. 

The World Sentiment Index: (+100/-100) advances from -43 to -7 in a world of mixed sentiment and very low volatility.  

Catalysts: Jobless Claims & Philly Fed MFG Index @ 8:30. Bond yields jump on Fed Minutes. 

Quick Tip: Why Day Trade?

If you have a long-only portfolio, IRA, and/or 401-K you’re probably happy with your 2023 performance so far. You’re also concerned about the recent slide. With September and October having some history of trouble, you may consider hedging your longer-term investments. 

You could buy index put options as insurance. That’s an expense, though. Timing of expiration is tricky as well. 

You might be better off day-trading the drop using futures contracts that have superb leverage and other benefits. Read the white paper here. 

And yes, if you want to keep the gains in your retirement account, you can day trade futures long and short in an IRA. 

Most investors think diversification is limited to portfolio selection. Strategy diversification is another excellent alternative. 

Our team day-trades multiple futures strategies with edge. Join the team, learn the rules, and trade live with us every day. Click here for details. 

Trade Fearlessly,

Mike Siewruk