Update on the Futures Trades from today's morning post:
- Dow (/YM) bottomed out at 15,285, far below 15,840 but went back over to 16,340 for a 500-point gain at $5 per point per contract - so $2,500 per contract profit.
- S&P (/ES) bottomed at 1,831, back over our 1,850 target to 1,950 for a 100-pont gain at $50 per point, per contract - so $5,000 per contract profit
- Nasdaq (/NQ) fell all the way to 3,908 but back over 4,000 to 4,200 for a 200-point gain at $20 per point, per contract - so $4,000 per contract profit.
- Russell (/TF) fell to 1,071 and back over 1,080 to 1,150 for a 70-point gain at $100 per point, per contrace - a $7,000 per contract profit.
We'll be doing a Live Futures Trading Webinar tomorrow (1pm, EST) at philstockworld.com and talking about other ways to hedge the market as well. Look for a FREE link in tomorow's morning post.
I apologize to Seeking Alpha readers who feel we're not letting them view the post but WE SUBMIT THEM EVERY SINGLE DAY - they are just rejected by your editors. Here's some of the recent reasons:
Thanks very much. Please avoid using "BS" in headlines. "Earnings Are Suspect" or similar would work better. Some of the discussion about media messaging and corporate agendas against retail investors are coming across as unsupported, so please tone down that language and focus on evidence-based argumentation. As a style note, we avoid bold for emphasis.
Thanks, but this one is far too focused on trading and not enough about the long-term fundamentals we look for.
Thanks, but we'll pass. Also the promotion and complaint aren't relevant to readers.
Short term focus, focus on price, brazen linkdump to his site, another promotional link with no value add that doesn't even go to his marketplace page. I continue to recuse myself.
Thanks, but while the analysis of China is relevant, the overabundance of links back to your member service and focus on the future will not pass muster.
Keep in mind, SA doesn't even pay for these articles. It costs them NOTHING to publish them. The editors feel you readers don't like this kind of information, so you're not getting it.
You can, however, now follow me on the Huffinton Post, in their Business Section. Click on me there to "Become a Fan" and you'll always be notified when a new post is available.
Disclosure: I/we have no positions in any stocks mentioned, but may initiate a long position in DIA, QQQ, SPY, IWM over the next 72 hours.
Additional disclosure: Positions as indicated but subject to RAPIDLY change (fairly bearish mix of long and short positions - see previous posts for other trade ideas). Positions mentioned here have been previously discussed at www.Philstockworld.com - a Membership site teaching winning stock, options & futures trading, portfolio management skills and income-producing strategies to investors like you.