Trade Aptitude

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

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

Buy 4364.25 stop 4360.75. Short 4492.50 stop 4498.00. 

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

Catalysts: Nothing on the economic calendar. Higher interest rates appear here to stay for a while = strong USD, tougher on stocks.

Quick Tip: Today’s Edge

All-star trader Larry Williams in his book Long-Term Secrets to Short-Term Trading loves to analyze trading from a seasonal perspective. Seasonality in this case is a general term for segmenting times, not just the four seasons. Times can be measured many ways, 15-minute duration, days, weeks, etc. The combinations are nearly endless. 

One powerful seasonal that Larry found, and we use in our trading strategies is day of week. The question is “Does my strategy perform differently based on the trading day?” This is an easy edge to discover if you’re documenting all the trades with the day of week noted. 

For example, over the past year long entries trading the S&P futures perform far better on Monday afternoons than Monday mornings. Short entries perform better in the mornings. Good to know. 

Here’s the rub, you may filter out the morning longs yet see some trades do very well. The solution is to understand you are trading probabilities, not certainties. 

Start tracking this data. You’ll likely see some interesting patterns that can improve your results. 

Our team day-trades intraday trend, updated daily for changes in seasonality. Join our 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