Stats Edge by Michael Nauss CMT

Stats Edge by Michael Nauss CMT

Stats Edge Evening Note - 9/28/26

Coming attractions: tonight's free idea is CNK, the movie-theatre chain, and we're screening the setup before the lights go down.

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Michael Nauss CMT
Sep 26, 2026
∙ Paid

It’s now 77 days in a row without a 2% move in the SPY 0.00%↑. If you turn off the news, things are pretty quiet on Wall Street. The system is not doing a lot because there is not a lot to do. Don’t force trades. It never ends well.

How to place it: CNK is a two-step buy - enter two separate BUY LIMIT orders, each good for the day only (a buy that never fills cancels itself, and there is no trade for that buy). 1st buy: BUY LIMIT at $36.51, sized at about 7% of your account. 2nd buy: BUY LIMIT at $36.12, sized at about 7% of your account. That is up to 14% of your account in one stock when both fill. Each buy is its own position with its own exits. 1st buy: Three ways out, whichever comes first: the profit target - enter a SELL LIMIT at $37.95 (GTC) together with the buy - the protective stop on a close (see Risk), or the five-session clock: absent the target, sell at the open on 10/5/26. Set a dated market-on-open sell for that date as the backstop.

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