Trade Strategy 2.29.16

Markets

Shares across the globe are on the retreat after a weekend meeting of G20 finance chiefs ended without a plan to spur global growth, while investors fretted over renewed expectations for another Fed rate hike. U.S. economic data published on Friday showed solid consumer spending and underlying inflation picking up in January, while GDP growth for the fourth quarter was revised higher to a 1% annual rate. As February draws to a close: The S&P is slightly positive, the Dow is up 1%, and the Nasdaq is still negative.

In Asia, Japan -1% to 16027. Hong Kong -1.3% to 19112. China -2.9% to 2688. India -0.7% to 23002.
In Europe, at midday, London -0.6%. Paris -0.7%. Frankfurt -1.6%.
Futures at 6:20, Dow -0.5%. S&P -0.4%. Nasdaq -0.7%. Crude -0.2% to $32.72. Gold +1.2% to $1235.30.
Ten-year Treasury Yield -2 bps to 1.74%

(Source: Seeking Alpha)

Today’s Economic Calendar

9:45 Chicago PMI
10:00 Pending Home Sales
10:30 Dallas Fed Manufacturing Survey
3:00 Farm Prices

PTG Trading

The current 3 Day Cycle Structure has been working nicely as price range projections have been achieved on a daily basis…For example, last Thursday;s expected spill was up with target of 1969.00…actual high it 1968.75…Coming into last Friday’s trade session expected spill was down with low of day target at 1940.73. Actual low was 1941.75. This high degree of accuracy can increase a traders confidence executing their trade plan for the day by providing a needed probability edge.

Today is Cycle Day 2 (CD2)…NORMAL NEUTRAL / UP…Price is currently trading below CD1 Low in overnight trade…Odds (84%) remain strong that price can rebound back above this level during Cash Session. Key support zone is marked between 1920 – 1925 handles. Current Average True Range is 26.02 and continues to contract…This support the Bulls.

Range Projections and Key Levels:

HOD Range Projection = 1953.77; LOD Range Projection = 1920.98; CD2 Maximum Penetration Level = 1978.71; CD2 Maximum Violation Level = 1915.57; Cycle Day 1 Low = 1941.75; 3 Day Central Pivot = 1936.25; 3 Day Cycle Target = 1973.50; 10 Day Average True Range = 26.02.

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

Click Here

Today’s Hypotheses: March 2016 (H) 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 can stabilize about 1925 handle, THEN initial objective is to recapture 1941.75 CD1 Low, which would place price back within prior day’s range…Next target is 1950.50 – 1955 retracement zone. Above this zone measures retesting prior high.

Scenario 2: Failure to convert 1941.75 CD1 Low places pressures on open long positions. Subsequent violation and conversion of ONL (1927.75) opens door to extend lower to 1920 handle.

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 2.26.16

Markets

Finance ministers and central bank governors from the world’s leading economies have gathered in Shanghai to discuss a response to the darkening global economic landscape. Among the many issues facing them is the plunge in commodity prices, market volatility, exchange rates and the slowdown of China’s economy. G20 participants will try to agree on a communique by Saturday, setting out their policy responses before they depart home. Are the stimulus bells ringing?

In Asia, Japan +0.3% to 16188. Hong Kong +2.5%% to 19364. China +1% to 2767. India +0.8% to 23154.
In Europe, at midday, London +1.2%. Paris +1.8%. Frankfurt +2%.
Futures at 6:20, Dow +0.7%. S&P +0.7%. Nasdaq +0.9%. Crude +2.1% to $33.76. Gold -0.4% to $1234.50.
Ten-year Treasury Yield +3 bps to 1.73%

(Source: Seeking Alpha)

Today’s Economic Calendar

8:30 GDP Q4
8:30 International trade in goods
8:30 Personal Income and Outlays
10:00 Reuters/UofM Consumer Sentiment
10:15 Fed’s Powell and Williams: “Fed Communication Away from the Zero Lower Bound”
11:30 Results of $28B, 7-Year Note Auction
1:00 PM Baker-Hughes Rig Count
1:30 PM Fed’s Reserve Gov. Lael Brainard speech

PTG Trading

S&P e-mini (ES) held support at 1922.75 early in session, then rallied to reach 1949.73 projected HOD target outlined in prior DTS Report 2.25.16. It was a perfect Cycle Day 3 (CD3) with expected SPILL UP.

In overnight trade price has extended gains to 1968.75, within 1-tic of today’s Cycle Day 1 Maximum Penetration Level. Further upside beyond this level may be increasingly difficult.

Today is Cycle Day 1 (CD1)…NORMAL SPILL DOWN…Price having extended gains during overnight session to CD1 Max Penetration Level (1969.00) may have exhausted the buyers. Odds now favor at minimum a decline to absorb recent enthusiastic momo buying.

Range Projections and Key Levels:

HOD Range Projection = 1976.02; LOD Range Projection = 1940.73; CD1 Maximum Penetration Level = 1969.00; CD1 Maximum Violation Level = 1888.44; Cycle Day 1 Low = 1915.25; 3 Day Central Pivot = 1926.75; 3 Day Cycle Target = 1953.04; 10 Day Average True Range = 28.02.

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

Click Here

Today’s Hypotheses: March 2016 (H) 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 converts PH (1950.75), THEN initial upside objective is 1969.00 CD1 Max Penetration Level, followed by 1976.02 projected HOD target.

Scenario 2: Price has rallied to 1968.75, within 1-tic of CD1 Max Penetration Level…Odds favor a rejection and reversal from this level back down to test PH (1950.75). Violation and conversion of this level places buyers on the defensive and targets 1945.00 – 1940.00 Central Pivot Zone.

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 2.25.16

Markets

It didn’t take long after China’s Lunar New Year holiday for the Shanghai Composite to return to its old ways. The index today dropped 6.4%, extending its fall this year to 22%, as surging money-market rates signaled tighter liquidity and the offshore yuan weakened for a fifth day, while the country’s vice finance minister warned of pressure on exports. The plunge comes as world leaders gather for a G20 meeting in Shanghai, where current market turmoil and a global economic slowdown are expected to be key topics of discussion.

In Asia, Japan +1.4% to 16140. Hong Kong -1.6% to 18889. China -6.4% to 2741. India -0.5% to 22976.
In Europe, at midday, London +2.2%. Paris +2%. Frankfurt +1.1%.
Futures at 6:20, Dow -0.1%. S&P -0.1%. Nasdaq -0.1%. Crude -0.5% to $31.99. Gold -0.3% to $1235.40.
Ten-year Treasury Yield -2 bps to 1.72%

(Source: Seeking Alpha)

Today’s Economic Calendar

8:30 Durable Goods
8:30 Initial Jobless Claims
9:00 FHFA House Price Index
9:45 Bloomberg Consumer Comfort Index
10:30 EIA Natural Gas Inventory
11:00 Kansas City Fed Mfg Survey
1:00 PM Results of $28B, 7-Year Note Auction
4:30 PM Money Supply
4:30 PM Fed Balance Sheet

PTG Trading

Early selling gave way to a key V-Reversal from 1892 – 1891 “confluence zone” outlined in prior DTS Report 2.24.16. Powerful rally also achieved and exceeded 1924.48 which was projected HOD target. In overnight trade price is relatively quiet holding above 1922.75 key 3 Day Central Pivot.

Today is Cycle Day 3 (CD3)…SPILL UP…There remains additional room to continue rally to projected 3 Day Cycle Target of 1953.04…If 1943 handle can be clear and converted.

Range Projections and Key Levels:

HOD Range Projection = 1949.73; LOD Range Projection = 1909.02; CD3 Maximum Penetration Level = 1946.11; CD3 Maximum Violation Level = 1872.78; Cycle Day 1 Low = 1915.25; 3 Day Central Pivot = 1922.75; 3 Day Cycle Target = 1953.04; 10 Day Average True Range = 29.48.

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

Click Here

Today’s Hypotheses: March 2016 (H) 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 can hold at or above 1920.75 – 1924.75 3D CPZ, THEN initial objective is retest of PH (1931.25). Conversion of this level targets 1943 SPOT. Further strength above this level expands range targeting 1946 – 1953 confluence zone.

Scenario 2: Failure to convert PH (1931.25) and subsequent violation of 1920.75 opens door to retest CD1 Low (1915.25) and potentially LOD target (1909.02).

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 2.24.16

Markets

World shares are dipping into the red again, as investors continue to use oil prices as a health gauge of the global economy. At an event in Houston on Tuesday, Saudi oil minister Ali al-Naimi ruled out production cuts anytime soon, sending crude sharply lower despite talk of a mid-March oil producer meeting. “His comments are hardly a surprise. Yet, the latest development seems to suggest that for oil producers to get more united they will have to feel more pain,” said Ayako Sera, senior market economist at Sumitomo Mitsui. New API figures showing a further build in U.S. stockpiles are also weighing on the commodity. Crude futures -3% to $30.91/bbl.

In Asia, Japan -0.9% to 15916. Hong Kong -1.2% to 19192. China +0.9% to 2929. India -1.4% to 23089.
In Europe, at midday, London -1.4%. Paris -2.2%. Frankfurt -2.4%.
Futures at 6:20, Dow -0.8%. S&P -0.7%. Nasdaq -0.9%. Crude -3% to $30.91. Gold +1.1% to $1236.40.
Ten-year Treasury Yield -5 bps to 1.69%

(Source: Seeking Alpha)

Today’s Economic Calendar

7:00 MBA Mortgage Applications
8:00 Fed’s Lacker: Monetary Policy
9:45 PMI Services Index Flash
10:00 New Home Sales
10:30 EIA Petroleum Inventories
11:30 Results of $13B, 2-Year FRN Auction
1:00 PM Results of $34B, 5-Year Note Auction
1:15 PM Fed’s Kaplan: Monetary Policy
6:30 PM Fed’s Bullard speech

PTG Trading

Prior Session was textbook Cycle Day 1 SPILL DOWN with 1916.00 SPOT as measured Low of Day (LOD) target achieved as outlined in prior DTS Report 2.23.16.

Overnight trade continues the decline pushing below PL (1915.25) and extending down closing in on 1892.60 Max Violation Level and today’s projected range low of 1891.77.

Today is Cycle Day 2 (CD2)…NORMAL NEUTRAL…ABERRANT SPILL DOWN Price has broken below 3 Day Central Pivot which has shifted bias to downside. Bulls will need to recover this level squarely in short order otherwise it’s going to be a tough sled. 1900.00 – 1898.00 is a critical hold for support.

Range Projections and Key Levels:

HOD Range Projection = 1924.48; LOD Range Projection = 1871.77; CD2 Maximum Penetration Level = 1947.96; CD2 Maximum Violation Level = 1892.60; Cycle Day 1 Low = 1915.25; 3 Day Central Pivot = 1920.75; 3 Day Cycle Target = 1946.88; 10 Day Average True Range = 28.48.

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

Click Here

Today’s Hypotheses: March 2016 (H) 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 can hold at or above 1898.00 – 1900 zone, THEN odds favor potential rally back to 1916.00 break point. Multiple layers of resistance now exist between 1916.00 – 1926.00.

Scenario 2: Price has broken down through PL (1915.25) and has extend down to 1900.00 – 1898.00 critical support zone. IF price cannot rally during cash session further downside targets 1892 – 1891 confluence zone. Statistical Extreme (STATX) measures 1882.75.

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

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 2.23.16

Markets

The latest stock market rally is losing momentum as the correlation between crude and equity benchmarks grows stronger than ever. Oil prices jumped over 6% on Monday as the IEA reported that U.S. shale production was expected to decline, but retreated overnight on concerns that any cuts would be countered by rising output from Iran. Adding to the worries, OPEC Secretary General Abdalla Salem El-Badri stated that oil producers have adopted a “wait and see” attitude and are still “feeling the water” regarding a production freeze deal. West Texas Intermediate, which just saw its March contract expire, is off 2.3% at $32.62/bbl.

In Asia, Japan -0.4% to 16052. Hong Kong -0.3% to 19415. China -0.8% to 2903. India -1.6% to 23410.
In Europe, at midday, London -0.5%. Paris -0.4%. Frankfurt -0.7%.
Futures at 6:20, Dow -0.4%. S&P -0.4%. Nasdaq -0.5%. Crude -2.3% to $32.62. Gold +0.7% to $1219.
Ten-year Treasury Yield flat at 1.76%

(Source: Seeking Alpha)

Today’s Economic Calendar

8:55 Redbook Chain Store Sales
9:00 S&P Case-Shiller Home Price Index
10:00 Consumer Confidence
10:00 State Street Investor Confidence Index
10:00 Richmond Fed Mfg.
10:00 Existing Home Sales
1:00 PM Results of $26B, 2-Year Note Auction
8:30 PM Stanley Fischer

PTG Trading

S&P e-mini  (ES) continued its rally straight to projected HOD (1940.00) laid out in prior DTS Report 2.22.16. Price has now tested key 1940.00 on significantly reduced volume and volatility. Buyers appear disinterested in auctioning price higher, allowing a build up of short-sided positions, which could potentially be fuel for explosive move higher. But first price is positioned to consolidate recent gains as larger trend condition remains bullish.

Today is Cycle Day 1 (CD1)…NORMAL SPILL DOWN…Failure to expand beyond prior high (1943.75) sets up a normal pullback session in search of a new “secure low”. Of key importance will be 1926.00 – 1928.00 Central Pivot Zone, as well as 1919.75 – 1921.25 Three Day Central Pivot Zone, both in bullish configurations.

Range Projections and Key Levels:

HOD Range Projection = 1954.13; LOD Range Projection = 1906.33; CD1 Maximum Penetration Level = 1962.00; CD1 Maximum Violation Level = 1879.22; Cycle Day 1 Low = 1911.25; 3 Day Central Pivot = 1920.50; 3 Day Cycle Target = 1949.00; 10 Day Average True Range = 29.67.

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

Click Here

Today’s Hypotheses: March 2016 (H) 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 holds at or above 1926.00 THEN clears and converts PH (1943.75), upside range expansion targets 1946.25 – 1950.50 STATX Zone, followed by 1954.17 and 1962.00 CD1 Max Penetration Level.

Scenario 2: Failure to convert PH (1943.75) with violation and conversion of 1926.00 opens door for deeper decline in search for new secure cycle low. Levels to be mindful of should this level be broken are 1921.25 – 1919.75 then 1916.00 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

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 2.22.16

Markets

The pound has taken a plunge amid a split in the U.K.’s ruling political party over whether Britain should leave the European Union. Over the weekend, British PM David Cameron announced a historic referendum (set for June 23) to decide whether the U.K. should remain in the bloc, after finalizing a deal with EU leaders to reset Britain’s relationship. Almost half of the bosses of the FTSE 100 agree with Cameron’s ‘stay’ campaign, but he lost the backing of London Mayor Boris Johnson, who just became the most high profile supporter of a British exit. Sterling -2% to $1.4121.

In Asia, Japan +0.9% to 16111. Hong Kong +0.9% to 19464. China +2.4% to 2927. India +0.3% to 23789.
In Europe, at midday, London +1.3%. Paris +1.7%. Frankfurt +2%.
Futures at 6:20, Dow +1.2%. S&P +1.2%. Nasdaq +1.3%. Crude +3.5% to $30.67. Gold -2.2% to $1204.20.
Ten-year Treasury Yield +3 bps to 1.78%

(Source: Seeking Alpha)

Today’s Economic Calendar

8:30 Chicago Fed National Activity Index
9:45 PMI Manufacturing Index Flash

PTG Trading

Friday’s Cycle Day 2 “Lean Down” worked as planned with price finding support at 1900 Strike Price early in session. Relatively quiet trading day with range contraction. Overnight trade has price higher 30.50 handles reaching 1936.23 Cycle Day 3 Maximum Penetration Level.

Today is Cycle Day 3 (CD3)…SPILL UP…Overall trends remain in a bullish configuration. Violation and conversion of 1900 would be first sign of weakness..Upside test of 1940 is on tap for today’s trade action.

Range Projections and Key Levels:

HOD Range Projection = 1940.08; LOD Range Projection = 1906.92; CD3 Maximum Penetration Level = 1936.23; CD3 Maximum Violation Level = 1884.53; Cycle Day 1 Low = 1911.25; 3 Day Central Pivot = 1915.00; 3 Day Cycle Target = 1949.00; 10 Day Average True Range = 31.83.

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

Click Here

Today’s Hypotheses: March 2016 (H) 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 (1922.75), THEN initial upside objective is 1936.23, followed by 1940.08 with 1949.00 3 Day Cycle Rally Target as max objective.

Scenario 2: Price is currently above PH (1922.75)…Move back down below this level constitutes a price reversal targeting 1917.50 – 1912.50 3 Day Central Pivot Zone.

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 2.19.16

Markets
Stocks across the globe took a break from a recent rally today after oil prices slipped and Wall Street snapped a three-session winning streak. Crude gained sharply earlier this week as major oil producers proposed a joint production freeze, but investors remain cautious whether the cap will actually materialize and worry about building U.S. crude inventories. Despite the pause for breath, world equities are on track to finish the week higher as traders question whether this year’s steep losses in the global markets have been overdone.
In Asia, Japan -1.4% to 15967. Hong Kong -0.4% to 19285. China -0.1% to 2860. India +0.3% to 23709.
In Europe, at midday, London -0.2%. Paris -0.4%. Frankfurt -0.6%.
Futures at 6:20, Dow -0.1%. S&P -0.1%. Nasdaq -0.1%. Crude -2% to $30.17. Gold flat at $1225.80.
Ten-year Treasury Yield -2 bps to 1.73%
(Source: Seeking Alpha)
Today’s Economic Calendar

8:00 Fed’s Mester: Economic Outlook
8:30 Consumer Price Index
1:00 PM Baker-Hughes Rig Count

PTG Trading

Prior trade session was textbook Cycle Day 1 (CD1) with anticipated spill down…Failure to expand above prior high, coupled with failure to hold above Open Range Rotation Midpoint (1924.25) was setup for the decline. Projected target of 1912.50 as outlined in prior DTS Report 2.18.16 held perfectly for remainder of session. In overnight trade price had shallow bounce to find resistance at 1921.00, which is today’s Central Pivot.

Today is Cycle Day 2 (CD2)…NEUTRAL DOWN…As price closed weak in it’s prior day’s range, anticipation for today will be for downside lean in search for a new secure low. Key zone is the 3 Day Central Pivot zone between 1908.50 – 1903.00 for renewed buy response.

Range Projections and Key Levels:

HOD Range Projection = 1940.95; LOD Range Projection = 1888.30; CD2 Maximum Penetration Level = 1942.34; CD2 Maximum Violation Level = 1886.28; Cycle Day 1 Low = 1911.25; 3 Day Central Pivot = 1905.75; 3 Day Cycle Target = 1943.65; 10 Day Average True Range = 34.45.

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

Click Here

Today’s Hypotheses: March 2016 (H) 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 1921.00 Central Pivot, THEN initial objective is to retest PH (1933.50). Above this level targets 1940.95 – 1943.65 Zone.

Scenario 2: Failure to convert 1921.00 Central Pivot and subsequent violation of PL (1911.25) initially targets 1908.50 – 1903.00 3 Day Central Pivot Zone. Failure to find responsive buyers in ample quantity opens door for further decline measuring 1897.00 – 1894.50.

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 2.18.16

Markets
U.S. futures are marching higher after Wall Street logged its first three-day rally of 2016. Some stronger-than-expected industrial production data reassured investors about the strength of the U.S. economy, while crude prices soared after Iran endorsed an oil output cap. The Fed’s January meeting minutes also reflected a dovish tone, boosting equities sentiment on a likely delay to upcoming rate hikes.
In Asia, Japan +2.3% to 16197. Hong Kong +2.3% to 19363. China -0.2% to 2862. India +1.1% to 23649.
In Europe, at midday, London -0.2%. Paris +1%. Frankfurt +1.7%.
Futures at 6:20, Dow +0.5%. S&P +0.5%. Nasdaq +0.6%. Crude +2.6% to $31.46. Gold -0.6% to $1204.
Ten-year Treasury Yield flat at 1.81%
(Source: Seeking Alpha)
Today’s Economic Calendar

8:30 Initial Jobless Claims
8:30 Philly Fed Business Outlook
9:45 Bloomberg Consumer Comfort Index
10:00 Leading Indicators
10:30 EIA Natural Gas Inventory
11:00 EIA Petroleum Inventories
4:30 PM Money Supply
4:30 PM Fed Balance Sheet

PTG Trading

With renewed bullish momentum highlighted in prior DTS Report 2.17.16 price exceeded average range projections to reach 1928.00 expansion target. Bulls have decisively shifted price momentum back to their control. Price is a full 130 handles higher from swing low.

Today is Cycle Day 1 (CD1)…NORMAL SPILL DOWN…Potential exists now for corrective pullback/decline to consolidate recent price gains. We will be on guard for signs of price weakness if buyers cannot continue to press higher.

Range Projections and Key Levels:

HOD Range Projection = 1952.42; LOD Range Projection = 1897.82; CD1 Maximum Penetration Level = 1945.50; CD1 Maximum Violation Level = 1854.10; Cycle Day 1 Low = 1865.00; 3 Day Central Pivot = 1892.25; 3 Day Cycle Target = 1953.50; 10 Day Average True Range = 35.67.

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

Click Here

Today’s Hypotheses: March 2016 (H) 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 holds above 1912.50 and converts PH (1927.25), THEN residual bullish momentum targets 1935.75 – 1941.25 STATX Zone. Strength above this zone measures 1945.50, then 1952.42.

Scenario 2: Failure to convert PH (1927.25) opens door for a corrective pullback to find renewed buyers. Initial downside objective is 1912.50 Central Pivot. Violation and conversion of this level targets 1904.75 followed by 1897.82 – 1892.25 3 Day Central Pivot Zone.

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 2.17.16

Markets
The FOMC is poised to issue the minutes from its meeting in January, where the Federal Reserve declared it still intended to raise interest rates gradually, but was “closely monitoring” market developments. While the transcript is likely to underscore reasons for confidence, that’s not likely to change minds on Wall Street, where there is a growing conviction the Fed is once again overestimating the strength of the economy. What else is on tap for today? The producer price index, housing starts, industrial production data, and Fed President James Bullard will give a speech in St. Louis on the U.S. economy/monetary policy
In Asia, Japan -1.4% to 15836. Hong Kong -1% to 18925. China +1.1% to 2867. India +0.8% to 23382.
In Europe, at midday, London +1.5%. Paris +1.9%. Frankfurt +1.7%.
Futures at 6:20, Dow +0.6%. S&P +0.6%. Nasdaq +0.7%. Crude +2% to $29.63. Gold -0.4% to $1203.90.
Ten-year Treasury Yield flat at 1.78%
(Source: Seeking Alpha)
Today’s Economic Calendar

7:00 MBA Mortgage Applications
8:30 Producer Price Index
8:30 Housing Starts
8:55 Redbook Chain Store Sales
9:15 Industrial Production
10:00 Atlanta Fed’s Business Inflation Expectations
10:00 E-Commerce Retail Sales
2:00 PM FOMC minutes

PTG Trading

Price held above 1880.00 Key Support laid out in Daily Trade Strategy 2.16.16 “Scenario 1IF price can hold above 1880.00 Central Pivot, and Clear and Convert PH (1890.00), THEN initial upside objective is 1899.17, followed by 1904.50.”

In overnight trade, price has reached 1904.50 which is 3 Day Cycle Rally Target. Trend Dynamics have shifted to Bullish as price is now firmly above two consecutive 3 Day Central Pivot Zones, which is proxy for structural trend shift. Key Support Zone now is marked between 1865 – 1870.00.

Today is Cycle Day 3 (CD3)…SPILL HIGHER…Bulls have renewed momentum heading into Fed Minutes release. Three-Day Cycle Target has been achieved…Odds favor further upside expansion, though having reached Cycle Target, there is potential for a decline.

Range Projections and Key Levels:

HOD Range Projection = 1918.33; LOD Range Projection = 1867.17; CD3 Maximum Penetration Level = 1901.00; CD3 Maximum Violation Level = 1856.25; Cycle Day 1 Low = 1865.00; 3 Day Central Pivot = 1870.50; 3 Day Cycle Target = 1904.50; 10 Day Average True Range = 36.83.

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

Click Here

Today’s Hypotheses: March 2016 (H) 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 (1892.75), THEN initial upside objective is 1901.00 – 1904.50 zone. Above this zone price can vault higher targeting 1912.50 – 1920.50 STATX Zone. High of Day Range Projection = 1918.33.

Scenario 2: Violation back below PH (1892.75) shifts micro-bullish momentum back to neutral/bear. IF this occurs, THEN price has higher odds to retest 1880.00 Key Support. Further violation of this level targets 1870.50 3 Day Central Pivot.

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 2.16.16

Markets
Top oil officials from Russia, Saudi Arabia and several key OPEC members have agreed to freeze crude output at January levels at a meeting in the Qatari capital of Doha, targeting a supply glut that’s sent prices to 13-year-lows. According to the International Energy Agency, Saudi Arabia produced 10.2M bpd last month, below its most recent peak of 10.5M bpd set in June 2015. Russia produced nearly 10.9M bpd in January, a post-Soviet record. Oil soared almost 6% ahead of the meeting – on expectations of a more weighty announcement – but pared gains following the news. Crude futures +1.4% to $29.86/bbl.
In Asia, Japan +0.2% to 16054. Hong Kong +1.1% to 19122. China +3.3% to 2837. India -1.5% to 23192.
In Europe, at midday, London +0.2%. Paris flat. Frankfurt -0.6%.
Futures at 6:20, Dow +1.1%. S&P +1.2%. Nasdaq +1.6%. Crude +1.4% to $29.86. Gold -2.1% to $1213.60.
Ten-year Treasury Yield +2 bps to 1.76%
(Source: Seeking Alpha)
Today’s Economic Calendar

8:30 Empire State Mfg Survey
9:00 Fed’s Harker speech
10:00 NAHB Housing Market Index
10:30 Fed’s Kashkari speech
4:00 PM Treasury International Capital
7:30 PM Fed’s Rosengren: Economic Outlook

PTG Trading

Futures Markets traded on a shortened Session Monday for US Holiday and Bulls took full advantage of low liquidity environment pushing price higher to 1892 handle…90 handles from low swing.

Today is Cycle Day 2 (CD2)…NEUTRAL SPILL…With shortened trade session yesterday bullish swing sentiment is intact as long as price stays above 1865.00 Cycle Day 1 Low. Three-Day Cycle Rally Target remains at 1904.50.

Range Projections and Key Levels:

HOD Range Projection = 1916.58; LOD Range Projection = 1853.92; CD2 Maximum Violation Level = 1840.00; CD2 Maximum Penetration Level = 1899.17; Cycle Day 1 Low = 1865.00; 3 Day Central Pivot = 1851.00; 3 Day Cycle Target = 1904.50; 10 Day Average True Range = 38.83.

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

Click Here

Today’s Hypotheses: March 2016 (H) 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 can hold above 1880.00 Central Pivot, and Clear and Convert PH (1890.00), THEN initial upside objective is 1899.17, followed by 1904.50. Above this level measures 1916.58.

Scenario 2: Failure to convert PH (1890.00), followed by violation and conversion of 1880.00 (CP), then deeper downside trade to test 1865.00 Cycle Day 1 Low. Break below this level expands downward targeting 1853.92, then 1851.00 – 1848.00 3 Day Central Pivot Zone.

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