The S&P 500 futures (ESZ19:CME) closed at 3143.75 Tuesday, the 100th new all-time high since Trump took office, 9 points above its opening print of 3134.50, after closing Monday at 3132.75. Its trading range (3128.00 – 3144.00) was quite boring for traders. My senses tell me the good ones are somewhere else, and you should be too.
This is my second Thanksgiving this year, after celebrating the first in Canada in October. The people on Vancouver Island know how to do cooking right. What a ride the last five years were up on the Island. I’m happy to be back in the good old USA, and ready for the next chapter. Hope you all are as well.
Our Trades
On the trading side, we’re flat, except for the 15 soybean contracts at an average price of 887.50. We’ll buy 30 more if the price drops. Otherwise, nothing, don’t care, ain’t looking, better things to do. Hope you do as well.
Thanksgiving is a time to do just that; say thanks. Let me start by thanking you for reading what is written. It’s fun for me, and hopefully beneficial for you. I have to thank Danny, Marlin and my partner Niels at AMS for getting me this gig. It is possible to resurrect the dead. There’s a lot more ahead between our two companies. There should be; we complement each other well. Rather than bore you with the details, let’s agree that I’ll wait until next month to do that.
What Are You Thankful For?
So, what are you thankful for? Kind of a wide-open question in this adventure we call life. One minute you are sitting on top, and the next, well you’ve all been through it and have something in common; you’re still here, you survived. That’s to be complemented, it’s also something to be thankful for.
Me, I’m the luckiest guy on the face of the earth. Like I said before, wonderful last five years; here’s to the future together with someone more important to me than anyone ever before. A Canadian project that followed me to the states, and more.
Keep emailing me at david@amstradinggroup.com and let me know what you want me to highlight and teach when time allows. In the interim, thanks for reading what we post. Enjoy your Thanksgiving!
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As always, please use protective buy and sell stops when trading futures and options.
Disclaimer: Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. Any decision to purchase or sell as a result of the opinions expressed in the forum will be the full responsibility of the person(s) authorizing such transaction(s). BE ADVISED TO ALWAYS USE PROTECTIVE STOP LOSSES AND ALLOW FOR SLIPPAGE TO MANAGE YOUR TRADE(S) AS AN INVESTOR COULD LOSE ALL OR MORE THAN THEIR INITIAL INVESTMENT. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
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