Results of Friday’s Best S&P Futures Turning Points: Shorting 4615.00 caught the high of the session (again) and ran for 26.25 points. 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 4569.00 stop 4564.25. Short 4628.50 stop 4632.75. 

The World Sentiment Index: (+100/-100) rises from +21 to +36. 

Catalysts: Chicago PMI @ 9:45.  

Quick Tip: Fast Moves vs. Melt Ups

Friday’s reversal is a great example of the counter-intuitive nature of trading. 

Price was moving up quickly and your signal was to sell short. The parabolic move is better seen on a time-based chart (our trading chart above is a 2-point range bar). Staring at that strong bullish move, joining the trend probably felt like the...

Results of Thursday’s Best S&P Futures Turning Points: Shorting 4631.50 caught the high of the session and ran for 41.50 points to the suggested buy at 4590.00, which stopped out. Feel good about your win by donating a slice to my favorite 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 4531.75 stop 4527.50. Short 4615.00 stop 4620.75. 

The World Sentiment Index: (+100/-100) drops from +50 to +21 in a world of mixed sentiment. 

Catalysts: PCE Price Index & Personal Income @ 8:30. UofM Consumer Sentiment (revised) @ 10:00. INTC surprises, risk back on. 

Quick Tip: Better Targets

Stops are so easy. Pick your risk number, determine position size, hit enter. 

Profit targets are trickier. 

If you ask yourself what would be the best thing to know before you enter a...

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

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

Buy 4590.00 stop 4584.25. Short 4631.50 stop 4637.00

The World Sentiment Index: (+100/-100) jumps from -50 to +50 with most major world markets firmly Bullish. 

Catalysts: GDP, Jobless Claims, International Trade, and Durable Goods @ 8:30. Pending Home Sales @ 10:00. Risk on with traders feeling rate hikes are nearing an end. META beats. 

Quick Tip: Newbies Only Part 9

This is a multi-part sequential process. If you didn’t read the prior eight newsletters you can find them here. 

If you were an actor you would not only memorize and practice your script, but you would listen to or watch a recording of your performance to hone your act. Repeatedly. Practice and review. This sequence is the formula for mastery. It...

Results of Tuesday’s Best S&P Futures Turning Points: Neither suggested trade triggered in a narrow range day. 

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

Buy 4551.75 stop 4547.25. Short 4621.25 stop 4627.00 (caution during FOMC conference). 

The World Sentiment Index: (+100/-100) plummets from +50 to -50 with all major world markets leaning Bearish. 

Catalysts: New Home Sales @ 10:00. Crude Inventories @ 10:30. FOMC announcement @ 14:00 and press conference @ 14:30. Mixed results from Big Tech yesterday. 

Quick Tip: Newbies Only Part 8

This is a multi-part sequential process. If you didn’t read the prior seven newsletters you can find them here. 

Brokerage risk is real. Ask anyone who had money with FTX. Keeping your trading accounts with reputable brand name brokers regulated in the USA is the safest decision. If you’re...

Results of Monday’s Best S&P Futures Turning Points: Neither suggested trade triggered in a narrow range day. 

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

Buy 4551.75 stop 4547.25. Short 4612.50 stop 4616.50. 

The World Sentiment Index: (+100/-100) jumps from +7 to +50 in a mostly Bullish world, especially Shanghai & H.K. 

Catalysts: Home Price Index @ 9:00. Consumer Confidence @ 10:00. MSFT & GOOG release earnings after the close. 

Quick Tip: Newbies Only Part 7

This is a multi-part process. If you didn’t read the prior six newsletters you can find them here. 

There are more risks in trading than the loss on any given trade. Here’s a couple to consider. 

Liquidity risk. You’re buying and selling. That means someone needs to be your counterparty at a fair price. The difference between the bid (buyers) and ask...

Results of Friday’s Best S&P Futures Turning Points: Neither suggested trade triggered and they remain on the chart. The strategy did catch the top and bottom of the day session (see chart). Click the button below to join and get access to all the levels every day. 

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

Buy 4551.75 stop 4547.25. Short 4595.00 stop 4599.25. 

The World Sentiment Index: (+100/-100) dips from +14 to +7 in a world of mixed sentiment with mostly low volatility.

Catalysts: PMI MFG Flash @ 9:45. Earnings releases accelerate this week and FOMC on Wednesday may keep it range-bound. 

Quick Tip: Newbies Only Part 6

This is a multi-part process. If you didn’t read the prior five newsletters you can find them here. 

We’re moving on to risk management and the topic is so important we’ll be diving deeper and covering...

Results of Tuesday’s Best S&P Futures Turning Points: Buying 4577.75 stopped out.

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

Buy 4551.75 stop 4547.25. Short 4595.00 stop 4599.25. 

The World Sentiment Index: (+100/-100) jumps from -14 to +14 in a world of mixed sentiment and low volatility.  

Catalysts: Nothing on the economic calendar. Not many earnings releases but mostly positive results this morning. The BIG event is $2+ trillion in options expiration coupled with a rebalancing of the Nasdaq 100 for Monday’s open. Volatility should be high. 

Quick Tip: Newbies Only Part 5

This is a multi-part process. If you didn’t read the prior four newsletters you can find them here. 

Yesterday you chose your primary asset class to be trained in, stocks, options, futures, or Forex. During that training you’ll likely be learning a ...

Results of Tuesday’s Best S&P Futures Turning Points: Neither suggested trade triggered in a relatively narrow range session. 

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

Buy 4577.75 stop 4573.50. Short 4602.50 stop 4606.25. 

The World Sentiment Index: (+100/-100) falls from +29 to -14 in a world of mixed sentiment and low volatility.  

Catalysts: Jobless Claims & Philly Fed MFG @ 8:30. Existing Home Sales @ 10:00. Tech earnings start weak. 

Quick Tip: Newbies Only Part 4

This is a multi-part process. If you didn’t read the prior three newsletters you can find them here. 

Yesterday you determined your starting and subsequent risk capital contributions. Along with your prior choice of time horizon (day, swing, or position) you’re ready to find the perfect asset to trade. 

Best choices… 

Position Traders: Stocks...

Results of Tuesday’s Best S&P Futures Turning Points: Shorting 4575.00 was only good for a 5.25-point move before stopping and breaking out higher. 

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

Buy 4577.75 stop 4573.50. Short 4631.50 stop 4637.00. 

The World Sentiment Index: (+100/-100) jumps from -7 to +29 in a world of mild Bullish leaning sentiment. 

Catalysts: Housing Starts @ 8:30. Crude Oil Inventories @ 10:30.  Corporate debt and bankruptcies are concerning… up 360% in the past two years according to Bloomberg. 

Quick Tip: Newbies Only Part 3

This is a multi-part process. If you didn’t read the prior two newsletters you can find them here. 

Yesterday you chose a time horizon to trade within and created a “calendar” with times blocked out for your trading tasks, research, execution, and review. 

It’s...

Results of Monday’s Best S&P Futures Turning Points: Shorting 4546.25 only offered a 4.25-point scalp but the breakout offered a healthier 15 points favorable (see chart). 

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

Buy 4512 stop 4507.00. Short 4575.00 stop 4580.75.

The World Sentiment Index: (+100/-100) jumps from -50 to -7 in a world of mixed sentiment and low volatility. 

Catalysts: Retail Sales @ 8:30. Industrial Production @ 9:15. Housing Market Index @ 10:00. More bank earnings.

Quick Tip: Newbies Only Part 2

This is a multi-part process. If you didn’t read yesterday’s newsletter you can find it here.

Assuming you’re passionate about trading, recognize it will take time to develop the skills, and you’re committed to succeed, let’s expand on your time commitment and how that affects your next few decisions.

If you only...