Trade Aptitude

Results of Moday’s Best S&P Futures Turning Points: Shorting 4305.75 caught the high of the session and ran for 32.75 points before closing the day +25.75.  Feel better about this gift 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 4266.00 stop 4260.75. Short 4289.75 stop 4294.25. 

The World Sentiment Index: (+100/-100) drops from +29 to -21 in a world of Bearish leaning mixed sentiment with low volatility. 

Catalysts: Nothing obvious. 

Quick Tip: Adjust Expectations

It’s important to be in harmony with current market conditions. While being disciplined to follow your rules, ask yourself “Do I have different rules for volatile and quiet markets?” 

Today’s Globex range is currently 11.25 points trading trendless inside yesterday’s relatively narrow range. There are no obvious catalysts. Looks like a quiet start today and likely a range-bound day. 

The point is this: the last two issues of this newsletter delivered two 20+ point runners (more in our trading room). Until volatility kicks up both stops and profit targets will be smaller. Experienced day traders understand and accept these changes in potential. 

But be flexible. Trade what you see in the present time. 

It's our 3-year anniversary this month and we're celebrating by offering qualified new members a fabulous gift! Our Team Membership is normally $349/mo. but you can join now for only $199 (never an increase, cancelable anytime). Use coupon code ANNIVERSARY2306.  Join us, 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. Are you looking for the best Leading Indicator for your stock and options trading? Watch the recording from our recent training session and take advantage of another Anniversary discount! Click here.