Trade Aptitude

Results of Monday’s Best S&P Futures Turning Points: Neither trade triggered. 

Today’s Best S&P Futures Turning Points (Entries filtered out during CPI release): 

Buy 5013.50 stop 5009.75. Short 5040.50 stop 5045.25.  

The World Index: (+100/-100) eases from -6 to -25 with most major open world markets Bearish.

Catalysts: CPI @ 8:30. 

Quick Tip: Swiss Army Knife?

While we can’t predict the future exactly we can approximate the future. 

Take price action for example. Price is either: 

1. Trending and volatile.

2. Trending and quiet.

3. Range-bound and volatile.

4. Range-bound and quiet. 

A complete trade plan would include strategies that prefer one of these market conditions so you can choose which has more edge at the time. 

Knowing the present condition is easy, the challenge becomes which condition is next? When will it change? 

Technical indicators are helpful. Yes, most are lagging and we’re always looking for leading information but used skillfully indicators can help build your case for timing the change in market conditions. 

Here's my choice for the “Swiss army knife” of indicators, Bollinger Bands. They clearly display trends and volatility, the key data points to consider. All major platforms will have this indicator available. Study the chart above to see when trend and volatility tend to change. Back and forth. Insert it on your charts and see if it doesn’t help you. For more ideas and best practices go to bollingerbands.com.

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Trade Fearlessly,

Mike Siewruk

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