Results of Wednesday’s Best S&P Turning Points: The suggested short @ 3966.00 ran for 17.25 points with only 3 ticks of adverse move. Over 3,994 trades price reversed within 3 ticks of the level entry 24% of the time.
Today’s Best S&P Turning Points (consider wider stops and less size in fast moving markets): It’s CPI Day and wild swings in price are likely, thus the turning points are farther away today.
Buy 3909.75 stop 3905.75. Short 4074.50 stop 4079.50.
The World Sentiment Index: (+100/-100) EASES from +43 to +36 with most major world markets mildly Bullish with low volatility. Historically the close was higher than the open 55% of the time.
Catalysts: CPI & Jobless Claims @ 8:30. Fed’s Harker delivers remarks @ 8:45.
Quick Tip: Retire This Way
You’ve probably heard or read the best ways to have a long and fulfilling retirement: Exercise, more sleep, eat healthy, drink moderately, and minimize stress.
Here’s one you might not have heard about: Connect with people and create a purpose. It turns out that loneliness is a killer.
Living in Florida I’m frequently asked when out socially if I’m retired. I’m not and never will be, in the classic sense. Why? To keep my mind sharp. Learning and reading are great, but nothing beats interaction with people and being challenged.
Day trading futures, which is what this blog is about, is a fabulous “retirement” job. Markets and strategies evolve which makes succeeding a lifelong learning experience. Good! Keep yourself sharp!
The bigger benefit is freedom. Specifically, freedom of time, location, and finances. What more could you want in retirement?
Is day trading futures, with a group of peers sharing the same purpose, for you? Find out. Click here for a no-risk 30-day offer. Discount expires Friday January 13th. Money-back guarantee applies.
P.S. Feel free to share this blog with all your trading buddies.