Trader's Daily Notebook: Keep Your Focus on Price

After three days of selling in the broad market, allegations that President Obama had President Trump's "wires tapped" in Trump Tower, and North Korea's decision to launch four ballistic missiles (three of which reached Japanese waters), I, for one, am pretty impressed with the resilience of our responsive buyer. The bears have had some noteworthy catalysts to cling to these past few days, and yet the E-Mini S&P 500 futures (Es) have only declined 1% since last Wednesday's record close. 

It can be really difficult to follow American politics and not be a little perplexed by the strength of the major averages. I know it is for me. Nonetheless, if you're tasked with trading the Es contract, or any of the major index futures contracts or ETFs, it's imperative that you dedicate the majority of your focus to price and price alone. ...436 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

Read the full story and get access to the Real Money Pro trading floor.

There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.

Already a Subscriber? Please login.

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data provided by Interactive Data. Company fundamental data provided by Morningstar. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by Interactive Data Managed Solutions.

TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

IDC calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.