The Conference Board Consumer Confidence Index rose for the third straight month in April to 57.9 from 52.3 the month prior, and stands at its highest point since September ’08. The present situation index also rose for the third straight month to 28.6 from 25.2 the month prior.

Dawn-Renée's Consumer Confidence Trades 4-27-10

Here you can see my trades this morning using this news on the e-mini S&P.  The news was positive, and we saw the market go up as a result.  So, I wanted to buy, but I got in a little later than I wanted to; at 1204.  Working off of MMT’s proprietary Prediction Points, I decided to sell at 1205, which ended up being a pretty good decision.  I am a conservative trader.  Then, using one of MMT’s strategies, I was able to pull an additional 1/2 point on downward movement by selling short at 1204.25 (again, I missed some of that movement…I am a little SLOW, lol) and buying at 1203.75.

I traded one $5oo contract, so 1.5 points translates into 15% return on my money, or $87.50.  Pretty good for 2 minutes of work.  When I do that a few times a week, I easily add $1000 to my monthly income.

As soon as Jody gets his act together, I will post his trades from this morning.

Jody's Consumer Confidence Trades 4-27-10

Okay, well, here are Jody’s trades.  He didn’t trade the movement on the immediate news, but used a MMT strategy to make the very next trade.  He traded three contracts and scaled his exit strategy.  He sold short at 1205, then bought one contact at 1204 and bought the other 2 at 1203.5.  This made him a total of 2 points on his three contracts.  That’s 20%, or $300 for a couple of minutes of work.  Then he was on to other things we needed to get accomplished, including some mortgage work and some yard work.  It’s that time of the year!

This illustrates how two completely different trading styles can make money, quickly, with Market Mover Trading!

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