Yesterday’s results: Buying 5888.50 picked the bottom of the session and ran for 25 points.
Today’s Best S&P Futures Turning Points: Buy 5908.50 stop 5904.25 if price retraces down from above. Short 5864.75 stop 5868.50 if price retraces up from below.
The World Index: (+100/-100) jumps from zero to +43 with most of the world Bullish. Asia up strong.
Catalysts: Building Permits & Housing Starts @ 8:30. Fed’s Waller @ 12:10.
Quick Tip: Dividend Plays? Really?
As traders we’re usually focused on capital gains, not holding stocks over the long term and collecting dividends. However, having a dividend producing portfolio is a fabulous way to balance your wealth growth relative to the ups and downs of active trading.
John Bogle, founder of Vanguard Group, said “Over the long run, it is dividends, and dividends alone, that account for the lion’s share of stock market returns."
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