Today’s Best S&P Futures Turning Points: Buy 5065.50 stop 5061.25. Short 5176.00 stop 5181.75. Tuesday’s results: Neither trade triggered.  The World Index: (+100/-100) lifts from +43 to +64 with most major world markets Bullish on rising volatility.  Catalysts: Durable Goods @ 8:30. Crude Oil Inventories @ 10:30. 5-Year Treasury Auction @ 13:00. META & IBM earnings after close. TSLA up 12% pre-market.    Quick Tip: Being Wrong We’re ingrained from childhood to be right. Rewards for being right, punishment for being wrong ..read more

Today’s Best S&P Futures Turning Points: Buy 5032.50 stop 5027.25. Short 5176.00 stop 5181.75. Monday’s results: The buy at 5004.75 missed filling by 1.25 points and ran 60+ points to the short at 5070.50, which only offered a 6+ point scalp.  The World Index: (+100/-100) eases from +57 to +43 as the world remains mildly Bullish. Positive note: the UK’s FTSE 100 index hit a record high.  Catalysts: Services & MFG PMI Flash @ 9:45. New Home Sales & Richmond Fed MFG Index @ 10:00. 2-Year Treasury auction @ 13:01. 40% of the ..read more

  Today’s Best S&P Futures Turning Points: Buy 5004.75 stop 5000.25. Short 5070.50 stop 5075.75. Friday’s results: Neither trade triggered. The World Index: (+100/-100) SOARS from -57 to +57 with all major world markets (except China) firmly Bullish.  Catalysts: Nothing on the economic calendar.  Quick Tip: Measured Moves Regardless of the time interval charts you trade, you’ll notice that price tends to move in impulses and corrections. The impulse is in the direction of the trend. The correction is the minor countertrend move.&nbs ..read more

Today’s Best S&P Futures Turning Points: Buy 4980.00 stop 4974.75. Short 5070.50 stop 5075.75. Thursday’s results: Neither trade triggered. The World Index: (+100/-100) PLUMMETS from +43 to -57 with all major world markets firmly Bearish on rising volatility.  Catalysts: Nothing on the economic calendar. Persistent hawkish Fed remarks. Middle East tension. Quick Tip: Test More Imagine that your strategy is working just fine. You finally found your trading “rhythm.” Your account is growing and you’re starting to take a paycheck (which you shoul ..read more

  Today’s Best S&P Futures Turning Points: Buy 5037.50 stop 5033.75. Short 5176.00 stop 5181.75. Wednesday’s results: Buying 5046.75 missed filling by one tick and ran for 50 points.    The World Index: (+100/-100) improves from +36 to +43 with all major world markets modestly Bullish on low volatility.   Catalysts: Jobless Claims, Philly Fed Business Index @ 8:30. Fed’s Bowman & Williams @ 9:05/9:15, Existing Home Sales @ 10:00. Fed’s Bostic @ 11:00, Collins @ 12:00.  Quick Tip: Limit/Market The buy yesterday missed b ..read more

  Today’s Best S&P Futures Turning Points: Buy 5046.75 stop 5042.75. Short 5176.00 stop 5181.75. Monday’s results: Buying 5169.50 ran for 16 points.  The World Index: (+100/-100) PLUMMETS from +24 to -79 with all major world markets very Bearish on higher volatility, S&P Futures up slightly. Contrarian alert: historically longs outperform at this level.  Catalysts: Housing Starts & Permits @ 8:30. Fed’s Jefferson @ 9:00. Industrial Production @ 9:15. Fed’s Williams @ 12:30, Barkin @ 13:00, Powell @ 13:15. Quick Tip: Consistency H ..read more

  Today’s Best S&P Futures Turning Points: Buy 5169.50 stop 5164.75. Short 5249.50 stop 5253.50. Friday’s results: Buying 5215.25 stopped out.  The World Index: (+100/-100) improves from +7 to +24 with mixed sentiment worldwide.  Catalysts: Retail Sales, Empire State MFG Index, Fed’s Williams @ 8:30. Housing Market Index @ 10:00.   Quick Tip: 5 Fears Fear paralyzes progress in anything you do. In trading, there are 5 types of fear. Recognizing you’re susceptible to them is the first step to a solution.  Fear of Missing Out (FOM ..read more

  Today’s Best S&P Futures Turning Points: Buy 5215.25 stop 5210.25. Short 5296.25 stop 5300.75. Thursday’s results: Shorting 5254.25 picked the high of the session and ran for 12 points to the close (more for Swing traders).  The World Index: (+100/-100) improves from -29 to +7 with Asia Bearish and the west Bullish.  Catalysts: Earnings season kicks off with the major U.S. banks premarket. Import/Export Prices @ 8:30. Fed’s Collins @ 9:00. UofM Consumer Sentiment & Inflation Outlook (preliminary) @ 10:00. Fed’s Schmid @ 13:00, Bost ..read more

  Today’s Best S&P Futures Turning Points: Buy 5113.75 stop 5109.25. Short 5254.25 stop 5258.00. Wednesday’s results: The buy level at 5231.50 was filtered out during the CPI news release volatility.  The World Index: (+100/-100) drops from +21 to -29 with most major world markets mildly Bearish or flat.  Catalysts: ECB Monetary Policy @ 8:15. PPI & Jobless Claims @ 8:30. ECB Press Conference, Fed’s Williams @ 8:45, Barkin @ 10:00, Collins @ 12:00, Bostic @ 13:30. Quick Tip: Best Swing Trades If you’re a swing trader of stocks or options you p ..read more

Today’s Best S&P Futures Turning Points: Buy 5236.25 stop 5231.50. Short 5296.25 stop 5300.75 (filtered out for CPI announcement).  Tuesday’s results: Buying 5213.00 bounced for 6 points before stopping out one tick from the day session low.  The World Index: (+100/-100) gains from +7 to +21 with most major world markets leaning Bullish on low volatility. Catalysts: CPI @ 8:30. Fed’s Bowman @ 8:45. Crude Oil Inventories @ 10:30. Fed’s Goolsbee @ 12:45. FOMC Minutes @ 14:00.  Quick Tip: Stop Trading? hemAll trading strategies have drawd ..read more