Trade Aptitude

Results of Friday’s Best S&P Futures Turning Points: Shorting 4176.50 ran for 23.75 points and offered a re-entry as well. Feel better about the win by donating a slice to my preferred charity, the Alzheimer’s Association. Click here.  

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

Buy 4108.00 stop 4103.50. Short 4229.75 stop 4233.50.

The World Sentiment Index: (+100/-100) is on holiday today with only Tokyo open for trading due to the May 1 holiday in Europe, China & Hong Kong. 

Catalysts: MFG PMI Final @ 9:45. ISM MFG PMI @ 10:00. China’s manufacturing slows. 

Quick Tip: Crickets

Only a few people answered Friday’s survey question. You know that I prefer sample size in the evidence collected so there is no valuable result I can report. 

I did notice that no one felt insider information was valuable. All responses placed it last. I find that odd. If you think about it, insider buying is a leading indicator. Maybe the only one. People sell their shares for many reasons (diversification, estate, and tax issues) but there is only one reason anyone buys shares… they think they’re going up. 

As a former insider at a publicly traded company, I know the SEC rules insiders are subject to very well. I’m guessing there is some misconception about the topic. Insiders can and do buy and sell their shares all the time. They just need to disclose the trades promptly. This is critically important information you should know before investing (or trading) stocks. No one has a better view of future performance than the executives and directors running the business. 

To clear this up and show you how you can implement insider buys and sells in your trade plan, I’ll be hosting a webinar on the subject. Look forward to receiving your invitation soon. 

Our team day-trades multiple strategies with edge. Collaboration with other sharp and experienced traders is incredibly helpful. Join the team, learn the strategies, and trade live with us daily for 30 days. Money back if you’re not blown away!

Trade Fearlessly,

Mike Siewruk