Trade Strategy 10.30.15

Markets

Despite building expectations for more stimulus, Japan’s central bank has kept monetary policy on hold, maintaining its annual asset purchases at ¥80T. The decision comes amid declines in output and a slowdown in consumer prices that has threatened Japan with a return to deflation – the BOJ’s nemesis for much of the past two decades. Central bank governor Hiroki Kuroda has repeatedly insisted the economy is in the middle of a “moderate recovery,” and has contended that the BOJ has done everything it can do to boost growth.

Today’s Economic Calendar

8:30 Personal Income and Outlays
8:30 Employment Cost Index
9:45 Chicago PMI
10:00 Reuters/UofM Consumer Sentiment

PTG Trading

Shallow decline in prior Session (CD1) setup a continuation rally during overnight trade to reach 2094.50 CD2 Penetration Target. Price has since reversed 10 handles and is currently trading 2084 as of this writing. I had mentioned in trading room late yesterday that more upside was expected:

[ Thu Oct 29 2015 15:42:23 ] David Dube: PRICE CLOSING IN UPPER QUADRANT OF RANGE

[ Thu Oct 29 2015 15:42:32 ] David Dube: MORE UPSIDE EXPECTED INTO TOMORROW

Today is Cycle Day 2 (CD2)…NEUTRAL SPILL UP..Odds of Rally > 20 1= 83%; Odds of Rally > 20 = 45%; Average Range = 14.50; Max Average Range = 22.50; Possible HOD = 2094.50 (CD2 Penetration); Possible LOD = 2072.00 (Average Range)

***Note: The odds highlighted are NOT predictions or trade recommendations, rather a guide based upon historical observed occurrences.

Click Here

Today’s Hypotheses: December (Z) Contract

*****The levels outlined below are more general framework within a larger range…They are to be used are reference prices from which to consider trade opportunities, not hard trade levels.

Scenario 1: Price has rallied during overnight to reach 2094.50 CD2 Penetration Level and has since reversed back to 2086.50 (PH)…Price will need to hold at or above this level for continued upside potential during cash session.

Scenario 2: Violation and conversion of PH (2086.50) to downside opens door to deeper move lower to probe for responsive buyers and continue to consolidate recent gains. Levels to be mindful of are: 2083.50; 2081.50; 2078.50; 2073.00.

Trade Strategy: Our tactical trade strategy will simply remain unaltered…We’ll be flexible to trade both long and short side from Decision Pivot Levels. Continue to focus on Bull/Bear Stackers and Premium/Discounts. As always, remaining in alignment with dominant intra-day force increases probabilities of producing winning trades.

Stay Focused…Non-Biased…Disciplined  ALWAYS USE STOPS!

Good Trading…David

“Knowing is not enough, We must APPLY. Willing is not enough, We must DO.” –Bruce Lee

*****This trade strategy report is disseminated for “education only” and should not be viewed in any way as a recommendation to buy or sell futures products.”

PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS

IMPORTANT NOTICE! No representation is being made that the use of this strategy or any system or trading methodology will generate profits. Past performance is not necessarily indicative of future results. There is substantial risk of loss associated with trading securities and options on equities. Only risk capital should be used to trade. Trading securities is not suitable for everyone. Disclaimer: Futures, Options, and Currency trading all have large potential rewards, but they also have large potential risk. You must be aware of the risks and be willing to accept them in order to invest in these markets. Don’t trade with money you can’t afford to lose. This website is neither a solicitation nor an offer to Buy/Sell futures, options, or currencies. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.
CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN

Trade Strategy 10.29.15

Markets

The Commerce Department is scheduled to release its preliminary estimate of U.S. economic growth for the third quarter at 8:30 a.m. ET, at the same time as the weekly jobless claims report. Economists are looking for the economy to have grown at an annual rate of 1.6% during the period, well below the 3.9% rate recorded in the second quarter. The GDP data will follow yesterday’s Fed meeting, which described the economy as expanding at a “moderate” pace and turned up the heat around a possible December rate hike.

Today’s Economic Calendar

8:30 Initial Jobless Claims
8:30 GDP Q3
9:45 Bloomberg Consumer Comfort Index
10:00 Pending Home Sales
10:30 EIA Natural Gas Inventory
1:00 PM Results of $29B, 7-Year Note Auction
3:00 Farm Prices
4:30 PM Money Supply
4:30 PM Fed Balance Sheet

PTG Trading

S&P e-mini (ES) vaulted higher to reach 3 Day Cycle Target (2083.50) previewed in prior DTS Report 10.28.15 We stated: “Today is Cycle Day 3 (CD3)…SPILL UP…There is plenty of room to continue the rally to reach upper price targets. Levels to be mindful of are: 2071.75…2078.00…2083.50…Possible HOD = 2083.50.

All stated targets were fulfilled in style following hawkish statement for FED, paving the way for increased potential of December interest rate hike. Financials lead the market higher with a 2.34% gain, followed by rally in Crude Oil of +2.22%. Most other sectors were up across the board, expect for Utilities.

Today is Cycle Day 1 (CD1)…NORMAL SPILL DOWN…Having reached Cycle Targets, price may be in need of some consolidation to absorb recent gains. Today is normally down and fits right in with normal cycle action.

Odds of Decline > 10 = 72%; Odds of Decline > 20 = 42%; Average Range = 18.75; Max Average Range = 22.50; Average Decline = 21.75; Possible HOD = 2094.00 CD1 Penetration Level; Possible LOD = 2063.25 Average Decline.

***Note: The odds highlighted are NOT predictions or trade recommendations, rather a guide based upon historical observed occurrences.

Click Here

Today’s Hypotheses: December (Z) Contract

*****The levels outlined below are more general framework within a larger range…They are to be used are reference prices from which to consider trade opportunities, not hard trade levels.

Scenario 1: IF price clears and converts PH (2085.25), THEN expansion targets 2089 – 2092.50 STATX Zone. CD1 Penetration Level 2094.25.

Scenario 2: Failure to convert PH (2085.25) increases odds of corrective decline initially targeting 2074.00 Central Pivot. Additional levels of possible buy response are as follows: 2070.50; 2067.25 – 2063.75 3D CPZ. Average Cycle Decline Target 2063.25.

Trade Strategy: Our tactical trade strategy will simply remain unaltered…We’ll be flexible to trade both long and short side from Decision Pivot Levels. Continue to focus on Bull/Bear Stackers and Premium/Discounts. As always, remaining in alignment with dominant intra-day force increases probabilities of producing winning trades.

Stay Focused…Non-Biased…Disciplined  ALWAYS USE STOPS!

Good Trading…David

“Knowing is not enough, We must APPLY. Willing is not enough, We must DO.” –Bruce Lee

*****This trade strategy report is disseminated for “education only” and should not be viewed in any way as a recommendation to buy or sell futures products.”

PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS

IMPORTANT NOTICE! No representation is being made that the use of this strategy or any system or trading methodology will generate profits. Past performance is not necessarily indicative of future results. There is substantial risk of loss associated with trading securities and options on equities. Only risk capital should be used to trade. Trading securities is not suitable for everyone. Disclaimer: Futures, Options, and Currency trading all have large potential rewards, but they also have large potential risk. You must be aware of the risks and be willing to accept them in order to invest in these markets. Don’t trade with money you can’t afford to lose. This website is neither a solicitation nor an offer to Buy/Sell futures, options, or currencies. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.
CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN

Trade Strategy 10.28.15

Markets

Although the Fed is largely expected to keep interest rates unchanged today, will there be anything for investors to digest in terms of the timing of an upcoming hike? Chairwoman Janet Yellen isn’t scheduled to hold a press conference following the meeting and officials won’t release updated economic projections, but the central bank’s new policy statement could offer some clues. What to watch: References to global economic headwinds, slower domestic growth, inflation targets and more hawkish dissent.

Today’s Economic Calendar

7:00 MBA Mortgage Applications
10:30 EIA Petroleum Inventories
11:30 Results of $15B, 2-Year FRN Auction
1:00 PM Results of $35B, 5-Year Note Auction
2:00 PM FOMC Announcement

PTG Trading

Price continued it’s slow stealthy decline which began on Cycle Day 1 to reach projected support 2053.00 Three-Day Central Pivot. Buyers stepped-in absorbed sellers and by settlement rallied back to highs of session. This was textbook Cycle Day 2 trade action.

Overnight trade has slight bullish bias ahead of FED Announcement. Price will need to clear and convert 2066 SPOT for continuation trade higher.

Today is Cycle Day 3 (CD3)…SPILL UP…There is plenty of room to continue the rally to reach upper price targets. Levels to be mindful of are: 2071.75…2078.00…2083.50.

Odds of 3D Rally > 10 = 83%; Odds of 3D Rally > 20 = 54%; Average Range = 17.75; Max Average Range = 21.75; Possible HOD = 2083.50 (Cycle Target); Possible LOD = 2040.50 (CD3 Violation).

***Note: The odds highlighted are NOT predictions or trade recommendations, rather a guide based upon historical observed occurrences.

Click Here

Today’s Hypotheses: December (Z) Contract

*****The levels outlined below are more general framework within a larger range…They are to be used are reference prices from which to consider trade opportunities, not hard trade levels.

Scenario 1: IF price clears and converts PH (2063.75, THEN initial upside targets 2066.50…Above this level targets 2071.75 SPOT. Additional upside targets are: 2078.00 and 2083.50.

Scenario 2: Failure to convert PH (2063.75) and subsequent violation of CD1 Low (2057.50) opens doors to deeper decline targeting 2053.50 – 2051.25 STATX Zone. Below this zone measures 2042.75 – 2038.25.

Trade Strategy: Our tactical trade strategy will simply remain unaltered…We’ll be flexible to trade both long and short side from Decision Pivot Levels. Continue to focus on Bull/Bear Stackers and Premium/Discounts. As always, remaining in alignment with dominant intra-day force increases probabilities of producing winning trades.

Stay Focused…Non-Biased…Disciplined  ALWAYS USE STOPS!

Good Trading…David

“Knowing is not enough, We must APPLY. Willing is not enough, We must DO.” –Bruce Lee

*****This trade strategy report is disseminated for “education only” and should not be viewed in any way as a recommendation to buy or sell futures products.”

PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS

IMPORTANT NOTICE! No representation is being made that the use of this strategy or any system or trading methodology will generate profits. Past performance is not necessarily indicative of future results. There is substantial risk of loss associated with trading securities and options on equities. Only risk capital should be used to trade. Trading securities is not suitable for everyone. Disclaimer: Futures, Options, and Currency trading all have large potential rewards, but they also have large potential risk. You must be aware of the risks and be willing to accept them in order to invest in these markets. Don’t trade with money you can’t afford to lose. This website is neither a solicitation nor an offer to Buy/Sell futures, options, or currencies. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.
CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN

Trade Strategy 10.27.15

Markets

It’s not the meeting we’ve all been waiting for, but the Fed’s policy-making committee convenes in Washington today and tomorrow, where it’s expected to keep benchmark interest rates near zero. The real question is whether the Fed will raise rates at its next gathering in December. Officials may provide some hints to that answer in tomorrow’s post-meeting statement by signaling a change in stance to recent soft U.S. economic data and events in the global markets.

Today’s Economic Calendar

FOMC meeting begins
8:30 Durable Goods
8:55 Redbook Chain Store Sales
9:00 S&P Case-Shiller Home Price Index
9:45 PMI Services Index Flash
10:00 Richmond Fed Mfg.
10:00 Consumer Confidence
10:00 State Street Investor Confidence Index

PTG Trading

S&P e-mini (ES) traded in a relatively narrow range with sub-par volume in prior session as Mr. Market awaits the FED Policy Decision at this week’s meeting. Overnight night trade continues where cash ended…Quiet within narrow range. KEY SUPPORT which we marked as 1958.00 SPOT remains…KEY RESISTANCE 1971.00 SPOT…So no change in either parameters. Range and volume are declining (compressing)…This contraction phase will certainly be followed by an expansion…just which direction? Advantage Bulls!

Today is Cycle Day 2 (CD2)…NEUTRAL SPILL UP…Odds of Rally > 10 = 84%; Odds of Rally > 20 = 45%; Average Range = 14.50; Max Average Range = 22.75; Possible HOD = 2080.25 (CD2 Penetration); Possible LOD = 2046.50 (CD2 Violation)

***Note: The odds highlighted are NOT predictions or trade recommendations, rather a guide based upon historical observed occurrences.

Click Here

Today’s Hypotheses: December (Z) Contract

*****The levels outlined below are more general framework within a larger range…They are to be used are reference prices from which to consider trade opportunities, not hard trade levels.

Scenario 1: IF Price clears and converts PH (2068.00), THEN upside targets 2076 – 2080 STATX Zone. Cycle Rally Target measures 2091.00

Scenario 2: Violation and conversion of 2057.50 initially targets 2053.00 SPOT, followed by 2049.50 – 2046.50 STATX Zone and CD2 Violation Level.

Trade Strategy: Our tactical trade strategy will simply remain unaltered…We’ll be flexible to trade both long and short side from Decision Pivot Levels. Continue to focus on Bull/Bear Stackers and Premium/Discounts. As always, remaining in alignment with dominant intra-day force increases probabilities of producing winning trades.

Stay Focused…Non-Biased…Disciplined  ALWAYS USE STOPS!

Good Trading…David

“Knowing is not enough, We must APPLY. Willing is not enough, We must DO.” –Bruce Lee

*****This trade strategy report is disseminated for “education only” and should not be viewed in any way as a recommendation to buy or sell futures products.”

PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS

IMPORTANT NOTICE! No representation is being made that the use of this strategy or any system or trading methodology will generate profits. Past performance is not necessarily indicative of future results. There is substantial risk of loss associated with trading securities and options on equities. Only risk capital should be used to trade. Trading securities is not suitable for everyone. Disclaimer: Futures, Options, and Currency trading all have large potential rewards, but they also have large potential risk. You must be aware of the risks and be willing to accept them in order to invest in these markets. Don’t trade with money you can’t afford to lose. This website is neither a solicitation nor an offer to Buy/Sell futures, options, or currencies. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.
CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN

 

Trade Strategy 10.26.15

Markets

IMF representatives are set to give the all-clear for China’s yuan to be included in its Special Drawing Rights basket, laying the groundwork for a favorable decision by policymakers, Bloomberg reports. As part of the process scheduled for every five years, staff members will present their recommendation to the fund’s executive board for a vote in November. China took another step toward liberalizing its financial system on Friday, after the PBOC removed the cap on deposit rates (and cut interest rates for the sixth time since last November).

Today’s Economic Calendar

10:00 New Home Sales
10:30 Dallas Fed Manufacturing Survey

PTG Trading

S&P e-mini (ES) took a well deserved break Friday as price consolidated recent gains within 2058 – 2071 price boundaries. In overnight trade price has tested the 2058 SPOT successfully, so we will mark this as KEY SUPPORT. Price will need to clear and convert 2071 handle to expand higher.

Today is Cycle Day 1 (CD1)…NORMAL SPILL DOWN…Odds of Decline > 10 = 72%; Odds of Decline > 20 = 42%; Average Range = 18.75; Max Average Range = 22.50; Possible HOD = 2077.50 (STATX); Possible LOD = 2036.75 (AVG DECLINE)

***Note: The odds highlighted are NOT predictions or trade recommendations, rather a guide based upon historical observed occurrences.

Click Here

Today’s Hypotheses: December (Z) Contract

*****The levels outlined below are more general framework within a larger range…They are to be used are reference prices from which to consider trade opportunities, not hard trade levels.

Scenario 1: IF price clears and convert s PH (2074.50), THEN initial upside targets 2077.50…Should price continue above this level expansion targets measure 2091.50.

Scenario 2: IF Price violates ONL (2057.50), THEN initial downside targets 2053.75 – 2051.00 STATX Zone. Below this zone targets 2042.00 – 2039.00 3D CPZ. Average Cycle Decline measures 2036.75

Trade Strategy: Our tactical trade strategy will simply remain unaltered…We’ll be flexible to trade both long and short side from Decision Pivot Levels. Continue to focus on Bull/Bear Stackers and Premium/Discounts. As always, remaining in alignment with dominant intra-day force increases probabilities of producing winning trades.

Stay Focused…Non-Biased…Disciplined  ALWAYS USE STOPS!

Good Trading…David

“Knowing is not enough, We must APPLY. Willing is not enough, We must DO.” –Bruce Lee

*****This trade strategy report is disseminated for “education only” and should not be viewed in any way as a recommendation to buy or sell futures products.”

PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS

Trade Strategy 10.23.15

Markets

Stocks across the globe are extending a rally from the previous session, after ECB President Mario Draghi signaled his willingness to add more stimulus to the eurozone’s flagging economies. “We are ready to act if needed…and we are open to the full menu of monetary policy,” Draghi said at his news conference. The euro fell 1.8% following the comments yesterday, the currency’s biggest drop since the central bank announced quantitative easing in January, and is now trading at $1.1104.

Today’s Economic Calendar

9:45 PMI Manufacturing Index Flash

PTG Trading

Powerful Rally in prior session which was sparked on ECB President Mario Draghi’s willingness to expand monetary policy exceeded all upside targets. In overnight trade action, price continues to rise higher reaching Statistical Extreme CD3 Penetration Target of 2067.00.

Today is Cycle Day 3 (CD3)…NORMAL SPILL UP…As stated, upside targets have been exceeded with continuation rally…Next KEY SPOT is 2072.50.

Odds of 3D Rally > 10 = 83%; Odds of 3D Rally > 20 = 54%; Average Range = 17.75; Max Average Range = 22.00; Possible HOD = 2069.25 (STAT-X); Possible LOD = 2040 (CPZ).

***Note: The odds highlighted are NOT predictions or trade recommendations, rather a guide based upon historical observed occurrences.

Click Here

Today’s Hypotheses: December (Z) Contract

*****The levels outlined below are more general framework within a larger range…They are to be used are reference prices from which to consider trade opportunities, not hard trade levels.

Scenario 1: IF Price clears and converts PH (2054.00), THEN upside targets 2067.00 CD3 Penetration Target and 2075.50 KEY SPOT.

Scenario 2: IF price violates PH (2054.00), THEN downside retracement levels to be mindful of are 2051.25…2048.00…2040.50..2035.00.

Trade Strategy: Our tactical trade strategy will simply remain unaltered…We’ll be flexible to trade both long and short side from Decision Pivot Levels. Continue to focus on Bull/Bear Stackers and Premium/Discounts. As always, remaining in alignment with dominant intra-day force increases probabilities of producing winning trades.

Stay Focused…Non-Biased…Disciplined  ALWAYS USE STOPS!

Good Trading…David

“Knowing is not enough, We must APPLY. Willing is not enough, We must DO.” –Bruce Lee

*****This trade strategy report is disseminated for “education only” and should not be viewed in any way as a recommendation to buy or sell futures products.”

PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS

Trade Strategy 10.22.15

Markets

All eyes will be on ECB President Mario Draghi today amid a policy meeting in Malta that will provide clues about further monetary stimulus. Grounds for extending QE would include deflation risks, slowing growth in China and stock market volatility. On the flip slide, oil prices remain low, which is a boost for energy-importing eurozone countries, and confidence indicators remain solid. Economists widely expect Draghi to keep the door open for more stimulus at the press conference, but see him stopping short of announcing any new policy measures.

Today’s Economic Calendar

8:30 Initial Jobless Claims
8:30 Chicago Fed National Activity Index
9:00 FHFA House Price Index
9:45 Bloomberg Consumer Comfort Index
10:00 Existing Home Sales
10:00 Leading Indicators
10:30 EIA Natural Gas Inventory
11:00 Kansas City Fed Mfg Survey
4:30 PM Money Supply
4:30 PM Fed Balance Sheet

PTG Trading

Yesterday’s trade was textbook Cycle Day 1 (CD1)…We knew high odds (72%) favored a decline, with Average Cycle Range Decline Target 2009.50 matching 2008.00 SPOT as outlined in Scenario 2 of Daily Trade Strategy 10.21.15. We stated: “Possible LOD = 2009.50 (Average Cycle Range Decline)”  Actual LOD = 2008.00.

Today is Cycle Day 2 (CD2)…NEUTRAL SPILL/UP…Having closed on the lows of the day, momentum may take markets lower before the rally starts.

Odds of Rally > 10 = 84%; Odds of Rally > 20 = 45%; Average Range = 14.50; Max Average Range = 22.50; Possible HOD = 2121.25; Possible LOD = 2004.25.

***Note: The odds highlighted are NOT predictions or trade recommendations, rather a guide based upon historical observed occurrences.

Click Here

Today’s Hypotheses: December (Z) Contract

*****The levels outlined below are more general framework within a larger range…They are to be used are reference prices from which to consider trade opportunities, not hard trade levels.

Scenario 1: IF price hold above PL (2008.00), THEN odds (84%) favor a relief rally of 10 handles, which would target 2018 SPOT. Should price continue to rally above this level, upside retracement targets 2020.25 – 2022.25 3D CPZ.

Scenario 2: Violation and conversion of PL (2008.00) opens door for continued liquidation pressing lower targeting 2004.25 – 2001.00 STATX Zone. CD2 Violation Level Extreme is 1996.75.

Trade Strategy: Our tactical trade strategy will simply remain unaltered…We’ll be flexible to trade both long and short side from Decision Pivot Levels. Continue to focus on Bull/Bear Stackers and Premium/Discounts. As always, remaining in alignment with dominant intra-day force increases probabilities of producing winning trades.

Stay Focused…Non-Biased…Disciplined  ALWAYS USE STOPS!

Good Trading…David

“Knowing is not enough, We must APPLY. Willing is not enough, We must DO.” –Bruce Lee

*****This trade strategy report is disseminated for “education only” and should not be viewed in any way as a recommendation to buy or sell futures products.”

PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS

Trade Strategy 10.21.15

Markets

Upsetting an otherwise tranquil October, China’s stock market erased morning gains and suddenly fell in late trading, bringing back recent memories of afternoon sell-offs in the broader market. The Shanghai Composite ended the session down 3.5%, its biggest fall since September 15. As of Tuesday, the index was up more than 12% this month and was trading at an eight-week high.

Today’s Economic Calendar

7:00 MBA Mortgage Applications
10:30 EIA Petroleum Inventories

PTG Trading

S&P emini (ES) continues in bullish up channel consolidation above 2018 KEY SPOT as money managers and traders absorb corporate earnings releases. In overnight trade, price has come within a whisker of Average Cycle Target 2034.75.

Today begins new Cycle Day 1 (CD1)…NORMAL SPILL DOWN…Odds of Decline > 10 = 72%; Odds of Decline > 20 = 42%; Average Range = 18.75; Max Average Range = 22.50; Possible HOD = 2040.50 (CD1 Penetration Level); Possible LOD = 2009.50 (Average Cycle Range Decline)

***Note: The odds highlighted are NOT predictions or trade recommendations, rather a guide based upon historical observed occurrences.

Click Here

Today’s Hypotheses: December (Z) Contract

*****The levels outlined below are more general framework within a larger range…They are to be used are reference prices from which to consider trade opportunities, not hard trade levels.

Scenario 1: IF price clears and convert PH (2031.50) THEN initial upside targets 2034.75, followed by 2040.50.

Scenario 2: Failure to convert PH (2031.50) opens door to decline initially targeting 2018…Violation and conversion of this level targets 2015, then 2012 and 2008 SPOTs.

Trade Strategy: Our tactical trade strategy will simply remain unaltered…We’ll be flexible to trade both long and short side from Decision Pivot Levels. Continue to focus on Bull/Bear Stackers and Premium/Discounts. As always, remaining in alignment with dominant intra-day force increases probabilities of producing winning trades.

Stay Focused…Non-Biased…Disciplined  ALWAYS USE STOPS!

Good Trading…David

“Knowing is not enough, We must APPLY. Willing is not enough, We must DO.” –Bruce Lee

*****This trade strategy report is disseminated for “education only” and should not be viewed in any way as a recommendation to buy or sell futures products.”

PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS

Trade Strategy 10.20.15

Markets

Earnings reports will likely be a big driver for stocks today, after IBM’s (NYSE:IBM) disappointing results reinforced concerns that the corporate profit outlook is getting murkier. “We’re getting deeper into earnings season and not watching any one company, but the cumulative effect,” said Mark Luschini, chief investment strategist at Janney Montgomery. “Everybody knows this quarter is going to be bad.” On the earnings radar this week are several more heavy tech giants. On Wednesday, eBay (NASDAQ:EBAY) will announce results for the first time since it spun-off PayPal (NASDAQ:PYPL), and Thursday will see Microsoft (NASDAQ:MSFT), Amazon (NASDAQ:AMZN) and Alphabet (GOOG, GOOGL) release Q3 reports.

Today’s Economic Calendar

8:30 Housing Starts
8:55 Redbook Chain Store Sales
9:00 Fed’s Williams speech
11:00 Janet Yellen speech

PTG Trading

S&P e-mini (ES) continues to consolidate current gains as money managers, analysts and traders absorb a plethora of corporate earnings releases. Price remains in bullish uptrend condition as long as 2008.00 bid is not violated and converted to an offer.

Today is Cycle Day 3 (CD3)…NEUTRAL UP SPILL…There still remains room to expand range higher to reach 3 Day Cycle Target at 2034.75. Market on Close (MOC) Buy Imbalance of $1.6B was easily absorbed without much price movement. Bulls will need another strong performance but this time must expand outside the current range to get upside acceleration.

Odds of 3D Rally > 10 = 83%; Odds of 3D Rally > 20 = 54%; Average Range = 17.75; Max Average Range = 22.00; Possible HOD = 2034.75 Average Cycle Rally Target; Possible LOD = 2014.25 3D CPZ.

***Note: The odds highlighted are NOT predictions or trade recommendations, rather a guide based upon historical observed occurrences.

Click Here

Today’s Hypotheses: December (Z) Contract

*****The levels outlined below are more general framework within a larger range…They are to be used are reference prices from which to consider trade opportunities, not hard trade levels.

Scenario 1: IF price clears and converts PH (2028.00, THEN initial upside targets 2031.75, followed by 2034.75 Average Cycle Target. Strength above this level expands range to 2041.25 CD3 Penetration Level up to 2045.50 upper STATX Level.

Scenario 2: Failure to convert PH (2028.00) and subsequent violation and conversion of 2015 SPOT, opens door to deeper downside move initially targeting 2012 SPOT. Violation of this level targets 2008 SPOT.

Trade Strategy: Our tactical trade strategy will simply remain unaltered…We’ll be flexible to trade both long and short side from Decision Pivot Levels. Continue to focus on Bull/Bear Stackers and Premium/Discounts. As always, remaining in alignment with dominant intra-day force increases probabilities of producing winning trades.

Stay Focused…Non-Biased…Disciplined  ALWAYS USE STOPS!

Good Trading…David

“Knowing is not enough, We must APPLY. Willing is not enough, We must DO.” –Bruce Lee

*****This trade strategy report is disseminated for “education only” and should not be viewed in any way as a recommendation to buy or sell futures products.”

PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS

Trade Strategy 10.19.15

Markets

China’s economy grew 6.9% in the third quarter from a year ago, beating forecasts for 6.8% growth, but decelerating to its slowest pace since the global financial crisis. The results add to doubts the country can meet its year-end GDP target of about 7%, and raises pressure on Beijing to roll out more stimulus measures following a summer stock market plunge and devaluation of the yuan. More weakness in China: Other data released today showed that factory output rose 5.7% in September, missing forecasts of a 6% rise, while fixed-asset investment climbed 10.3%, below estimates of 10.8%.

Today’s Economic Calendar

10:00 NAHB Housing Market Index

PTG Trading

Overall quiet trade session for Friday’s Options Expiration, as price continues to hold recent gains. Bulls regained solid control as price is now back above a rising 3 Day Central Pivot Zone (2004.50 – 2008.50). It would take a definitive violation and conversion of this pattern to derail the current bullish momentum.

Today is Cycle Day 2 (CD2)…NORMAL SPILL UP…Odd of rally > 10 = 84%. Odds of rally > 20 = 45%; Average Range = 14.50; Max Average Range = 22.75; Possible HOD = 2034.75; Possible LOD = 2012.00.

***Note: The odds highlighted are NOT predictions or trade recommendations, rather a guide based upon historical observed occurrences.

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Today’s Hypotheses: December (Z) Contract

*****The levels outlined below are more general framework within a larger range…They are to be used are reference prices from which to consider trade opportunities, not hard trade levels.

Scenario 1: IF price clears and converts PH (2026.00) THEN upside initially  projects 2030.50, followed by 2034.75 Average Cycle Target. Continued strength above this level measures 2040 – 2044.75 STATX Zone.

Scenario 2: Failure to convert PH (2026.00) keeps price within prior range consolidating recent gains. IF price violates and converts PL (2012.75), THEN downside projects 2008.50 – 2004.50 3D CPZ.

Trade Strategy: Our tactical trade strategy will simply remain unaltered…We’ll be flexible to trade both long and short side from Decision Pivot Levels. Continue to focus on Bull/Bear Stackers and Premium/Discounts. As always, remaining in alignment with dominant intra-day force increases probabilities of producing winning trades.

Stay Focused…Non-Biased…Disciplined  ALWAYS USE STOPS!

Good Trading…David

“Knowing is not enough, We must APPLY. Willing is not enough, We must DO.” –Bruce Lee

*****This trade strategy report is disseminated for “education only” and should not be viewed in any way as a recommendation to buy or sell futures products.”

PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS