Results of Thursday’s Best S&P Futures Turning Points: Shorting 4581.00 stopped out. 

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

Buy 4572.50 stop 4569.00. Short 4628.50 stop 4632.75.

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

Catalysts: Employment Report @ 8:30. UofM Preliminary Consumer Sentiment & Inflation Expectations. 

Quick Tip: Insider Buying Works

Your trading toolbox probably includes tools for the analysis of technical, fundamental, and sentiment data. All good. 

Significant research by Wall Street and academia has proven that Insider buying is predictive of positive future stock price performance. Of course, WHEN that abnormal positive move happens varies widely and understanding that is key to successfully using Insider buying data. 

If you’re trading stocks or options you should add Insider buying to your analysis. Learn how by clicking here. 

Our t...

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

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

Buy 4521.00 stop 4517.00. Short 4628.50 stop 4632.75.

The World Index: (+100/-100) SOARS from -43 to +57 with all major world markets Bullish. Risk on.

Catalysts: ADP Non-Farm Employment Change @ 8:15. Revised Non-Farm Productivity & Costs @ 8:30. Crude Oil Inventories @ 10:30. 

Quick Tip: You’re Biased!

No offense. There are so many cognitive biases that affect our trading results, and everyone has some. Possibly the worst bias is called Personal Blind Spot.

It occurs when you fail to recognize your weaknesses and shortcomings, leading to suboptimal trading decisions and poor performance.

One of the primary ways to resolve this bias is through self-reflection and self-awareness. You must take the time to assess your strengths and weaknesses and be brutally honest about their limitations.

Easier sa...

Results of Friday’s Best S&P Futures Turning Points: Shorting 4598.50 was only good for a 6-point scalp but the general area held as the high including through the weekend. 

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

Buy 4557.50 stop 4551.75. Short 4628.50 stop 4632.75. 

The World Index: (+100/-100) falls from -14 to -50 with most major world markets Bearish. 

Catalysts: Factory Orders @ 10:00. 

Quick Tip: Get Fearful

We all trade to win and make a profit. The ups and downs happen along the way. The time to get laser-focused is when you’re feeling like you don’t need to. 

The recent rally in the S&P has us closing in on all-time highs. Our team’s swing trading portfolio using Insiders Buys and Unusual Options Activity (long only trades) soared last week. It’s natural when everything is effortlessly going your way to relax and enjoy the ride. 

But that is a dangerous reaction. You’ve likely heard Buffett’s famous quote “...

Results of Wednesday’s Best S&P Futures Turning Points: No trades triggered. 

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

Buy 4551.00 stop 4546.25. Short 4598.50 stop 4604.25. 

The World Index: (+100/-100) drops from +7 to -43 with most major world markets mildly Bearish. 

Catalysts: New Home Sales @ 10:00. 

Quick Tip: Lead or Lag?

The never-ending challenge in trading is forecasting future price direction using lagging information from technical indicators. Better than nothing but not good enough!

Significant research has proven that there are two superb Leading Indicators of stock price. Insider buying and Unusual Options Activity. 

Combining the two is the perfect addition to your stock/options trading plan. Learn how in this free training session. Click here. 

No disappointments!

Trade Fearlessly,

Mike Siewruk

P.S. Pass this free training offer along to your trading buddies! 

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

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

Buy 4547.50 stop 4543.25. Short 4598.50 stop 4604.25. 

The World Index: (+100/-100) drops from +7 to -29 with the major world markets flat or modestly Bearish on low volatility. 

Catalysts: Existing Home Sales @ 10:00. FOMC Meeting Minutes @ 14:00. NVDA earnings after the close. 

Quick Tip: Be Different

“If you set out to be successful at something and you don’t know how to do it, look around at what everybody else is doing, and don’t do that…” Earl Nightingale

This advice is especially true with trading. If everyone traded the same way there would be no counter parties. We need plenty of different styles and opposing viewpoints for the markets to exist. 

If you’re still struggling it’s a good idea to stop trading live money and start looking at alternative trading styles. Be open-minded. I’ve met to...

Results of Friday’s Best S&P Futures Turning Points: Buying 4517.00 caught the bottom of the day and offered 17.50 maximum before closing the session +11.00 points.

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

Buy 4521.00 stop 4517.00. Short 4598.50 stop 4604.25. 

The World Index: (+100/-100) eases from +14 to +7 in a world of mixed sentiment and low volatility.   

Catalysts: Nothing important on the economic calendar. 

Quick Tip: Insider Buying? 

Back on May 3rd of this year I blogged about how effective using Insider Buying is for future stock performance. On that day there was widespread Insider buying in the banking industry during the plunge from a few bank failures. 

Here’s how those trades worked out: 

TCBI +38% before settling +17% now.

LKFN +18% now. 

ZION +62% before settling +49% now. 

USB +31% before settling +22% now. 

How does that compare to the overall market? During the same time SPY reached a high of...

Results of Tuesday’s Best S&P Futures Turning Points: The short at 4498.00 stopped out. The breakout ran for 19.25 points. 

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

Buy 4430.00 stop 4425.75. Short 4598.50 stop 4604.25. 

The World Index: (+100/-100) soars from +7 to +64 with all major world markets solidly Bullish. 

Catalysts: PPI, Retail Sales & Empire State MFG Index @ 8:30. Fed’s Barr @ 9:30. Crude Oil Inventories @ 10:30. 

Quick Tip: Parabolic Moves

Yesterday was as fun as trading can be if you were long. Day, swing, or position trades all printed green.

For day trades you’re ready for a continuation or a reversal today. No worries. But for swing and position trades you have a tough decision to make. 

The S&P is in a near parabolic move up. These simply don’t last forever, sometimes not for long at all. Yes, we’ve all heard the advice “Let your winners run” but for how far? 

You should have some targets for exit o...

Results of Monday’s Best S&P Futures Turning Points: There was a typo on the short yesterday, well below price. The long didn’t trigger. 

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

Buy 4364.75 stop 4360.75. Short 4498.00 stop 4502.25.

The World Index: (+100/-100) drops from +21 to +7 in a world of continuing mixed sentiment and low volatility. 

Catalysts: CPI (watch Core) @ 8:30. Fed’s Barr @ 10:00. Fed’s Goolsbee @ 12:45. 

Quick Tip: Big Picture

What’s your Big Picture? The correct answer depends on your time horizon (intended holding period) and trading chart time interval. 

If you’re a day trader using a 5 or 10-minute chart, you’d be out by the end of the day and watching the behavior of the 30 or 60-minute chart. 

If you’re a swing trader using a 60-minute chart, you’d be out in a several days or weeks and watching the Daily chart. 

If you’re a position trader using a Daily chart, you’d be holding long term and wa...

Results of Monday’s Best S&P Futures Turning Points: There was a typo on the short yesterday, well below price. The long didn’t trigger. 

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

Buy 4364.75 stop 4360.75. Short 4498.00 stop 4502.25.

The World Index: (+100/-100) drops from +21 to +7 in a world of continuing mixed sentiment and low volatility. 

Catalysts: CPI (watch Core) @ 8:30. Fed’s Barr @ 10:00. Fed’s Goolsbee @ 12:45. 

Quick Tip: Big Picture

What’s your Big Picture? The correct answer depends on your time horizon (intended holding period) and trading chart time interval. 

If you’re a day trader using a 5 or 10-minute chart, you’d be out by the end of the day and watching the behavior of the 30 or 60-minute chart. 

If you’re a swing trader using a 60-minute chart, you’d be out in a several days or weeks and watching the Daily chart. 

If you’re a position trader using a Daily chart, you’d be holding long term and wa...