Trade Strategy 4.29.16

Markets

Oil prices are higher in early trading after yesterday’s report by the U.S. Department of Energy showed a decrease in domestic crude production. Some analysts think the recent strong gains in oil will be capped soon with a sustainable rise in OPEC production around the corner, while other maintain undersupply will be the theme in the second half of the year. WTI crude trades at a six-month high of $46.46 per barrel at last check.

Today’s Markets

In Asia, Japan closed for holiday. Hong Kong -1.6% to 21037. China -0.3% to 9569. India +0.1% to 25617.
In Europe, at midday, London -0.5%. Paris -1.3%. Frankfurt -0.8%.
Futures at 6:20, Dow +0.1%. S&P +0.1%. Nasdaq flat. Crude +0.9% to $46.46. Gold +0.9% to $1277.20.
Ten-year Treasury Yield +1 bp to 1.84%

(Source: Seeking Alpha)

Today’s Economic Calendar
6:30 Fed’s Kaplan: Monetary Policy
8:30 Personal Income and Outlays
8:30 Employment Cost Index
9:45 Chicago PMI
10:00 Consumer Sentiment
1:00 PM Baker-Hughes Rig Count
3:00 Farm Prices
PTG Trading
Early price strength drove price higher to test the upper edge (2091 – 2094) of weekly range, only to reverse hard selling lower to test lower price edge (2071) violating Cycle Day 1 Low (2076.25). Currently in overnight trade price is hovering slightly below 2071 SPOT which is consider critical support.
Today is Cycle Day 3 (CD3)…Price will need to trade above 2076.25 to turn in a Positive 3 Day Cycle and odds do favor this occurrence, however once achieved price could go either way.
Range Projections and Key Levels: June (M) Contract

HOD Range Projection = 2084.23; LOD Range Projection = 2059.77; CD3 Maximum Penetration Level = 2109.15; CD3 Maximum Violation Level = 2056.70; Cycle Day 1 Low = 2076.25; 3 Day Central Pivot = 2083.50; 3 Day Cycle Target = 2107.16;10 Day Average True Range = 16.23.

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

Click Here

 

Today’s Hypotheses: June (M) 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 2071 SPOT THEN initial objective is to clear and convert 2076.25 (CD1 Low) for a Positive 3 Day Cycle. Additional upside targets measure 2079.75 followed by 2083.50.

Scenario 2: Failure to convert 2076.25 and subsequent trade below 2071 SPOT increases odds for long liquidation with targets measuring 2059.77 – 2056.50 ATR Max Range Projection 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 4.28.16

Markets

Futures lower after BOJ surprises by standing pat

  • The rest of Asia was little-changed, but Europe’s down more than 1%, and Dow and S&P 500 futures are lower by 0.8%. Buoyed by a 10% gain in Facebook after its earnings last night, Nasdaq 100 futures are down 0.5%.
  • The 10-year Treasury yield is lower by 1.5 basis points to 1.84%, gold is up a couple of dollars per ounce, and oil is flat.

Today’s Markets

In Asia, Japan -3.6% to 16666. Hong Kong -0.1% to 21347. China -0.1% to 9595. India -1.4% to 25699.
In Europe, at midday, London -0.9%. Paris -1.3%. Frankfurt -1.2%.
Futures at 6:20, Dow -0.8%, S&P -0.8%, Nasdaq -0.4%. Crude +0.2% to $45.41. Gold +0.7% to $1258.85.
Ten-year Treasury Yield -3 bps to 1.83%

(Source: Seeking Alpha)

Today’s Economic Calendar
 8:30 GDP Q1
8:30 Initial Jobless Claims
9:45 Bloomberg Consumer Comfort Index
10:30 EIA Natural Gas Inventory
11:00 Kansas City Fed Mfg Survey
11:30 Results of $15B, 2-Year FRN Auction
1:00 PM Results of $28B, 7-Year Note Auction
4:30 PM Money Supply
4:30 PM Fed Balance Sheet
PTG Trading
S&P e-mini (ES) made a failed attempt at an upside expansion of the current range (2091 – 2071) which setup a strong reversal into the overnight trade session. Price is currently trading near support (2071) which has contained previous selling. Violation and conversion of this level has bearish implications. Average True Range (10) has compressed to 14.40 handles, so we need to be on high alert for new directional range expansion.
Today is Cycle Day 2 (CD2)…NEUTRAL…Price remains locked between 2091 – 2071 range…Trade has been challenging recently as each push higher or lower has been “false-starts”, trapping both bulls and bears. We remain neutral until there is a clear directional break.
Range Projections and Key Levels: June (M) Contract

HOD Range Projection = 2088.85; LOD Range Projection = 2075.65; CD2 Maximum Penetration Level = 2103.38; CD2 Maximum Violation Level = 2058.23; Cycle Day 1 Low = 2076.25; 3 Day Central Pivot = 2085.00; 3 Day Cycle Target = 2098.68;10 Day Average True Range = 14.40.

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

Click Here

 

Today’s Hypotheses: June (M) 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 will need to hold above 2071.00 key support and clear and convert CD1 Low (2076.25) to repel angry bears. Upside targets 2085.00 3 Day Central Pivot.

Scenario 2: Violation and conversion of 2071.00 opens trap door forcing selling with initial target 2065.25 down to 2058.23 Lower STATX Zone and CD2 Max 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 4.27.16

Markets

Global equities were broadly flat-to-lower ahead of the second day of the FOMC’s policy meeting, where the Fed is expected to leave interest rates unchanged at 0.25-0.5%. As ever, there’ll be much interest in the bank’s statement for what it indicates for future decisions. Other factors affecting prices this morning include mixed earnings reports in Japan, Europe and the U.S., with those from Apple (AAPL) particularly hurting the relevant stocks.

In Asia, Japan -0.4% to 17290. Hong Kong -0.4% to 21331. China -0.4% to 9608. India +0.2% to 26052.
In Europe, at midday, London -0.3%. Paris +0.1%. Frankfurt +0.3%.
Futures at 6:20, Dow -0.25%. S&P -0.3%. Nasdaq -1.1%. Crude +1.9% to $44.87. Gold +0.3% to $1246.75.
Ten-year Treasury Yield -0.025 bps to 1.91

(Source: Seeking Alpha)

Today’s Economic Calendar
7:00 MBA Mortgage Applications
8:30 International trade in goods
10:00 Pending Home Sales
10:30 EIA Petroleum Inventories
2:00 PM FOMC Announcement
PTG Trading
Price tested Cycle Day 2 High (2091.25) and was rejected, setting up a reversal which pushed price lower to test prior Open where price found responsive buying support. The remainder of session was extremely quiet as traders await FOMC Decision today and absorb plethora of earnings releases.
Key Note: 10-Day Average True Range is currently 14.88 and volumes have contracted significantly with VIX near low end of historical range. This combination of market metrics is a constant challenge for the intra-day trader.
Today is Cycle Day 1 (CD1) NORMAL DOWN…Contracting ranges with reduced volatility have been producing below average swings…With FOMC today anything goes as prior session was in “inside-day”.
Better to BE PATIENT than become the patient.
Range Projections and Key Levels: June (M) Contract

HOD Range Projection = 2095.63; LOD Range Projection = 2072.12; CD1 Maximum Penetration Level = 2100.54; CD1 Maximum Violation Level = 2066.98; Cycle Day 1 Low = 2075.00; 3 Day Central Pivot = 2083.50; 3 Day Cycle Target = 2108.96 10 Day Average True Range = 14.88.

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

Click Here

 

Today’s Hypotheses: June (M) 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 2091.50 SPOT, THEN range expansion can unfold targeting 2095.63, followed by 2100.54.

Scenario 2: IF price violates 2079.50 would be first SOW targeting 2072.12, followed by 2068.86 – 2066.98 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 4.26.16

Markets

The FOMC is today scheduled to start the first of a two-day meeting where it’s expected to hold rates at 0.25-0.5%. As ever, there will be as much interest in the Fed’s statement as in the decision itself, with all and sundry looking for clues as to what bank officials might decide in their next meetings. Optimism about the economy could signal a rate rise in the near future but pessimism could indicate there will be no such thing anytime soon. Janet Yellen wasn’t particularly helpful when she said recently that the U.S. is “on a solid course” but that “we’re suffering a drag from the global economy.”

In Asia, Japan +0.5% to 17353. Hong Kong +0.5% to 21407. China +0.3% to 9648. India +1.3% to 26007.
In Europe, at midday, London +0.3%. Paris -0.2%. Frankfurt flat.
Futures at 6:20, Dow +0.1%. S&P +0.1%. Nasdaq flat. Crude +0.8% to $42.98. Gold -0.4% to $1235.45.
Ten-year Treasury Yield +1 bps to 1.91%.

(Source: Seeking Alpha)

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
10:00 Consumer Confidence
10:00 State Street Investor Confidence Index
10:00 Richmond Fed Mfg.
1:00 PM Results of $34B, 10-Year Note Auction
PTG Trading
Monday’s trade session was textbook Cycle Day 2 (CD2) as price retested and temporarily violated Cycle Day 1 Low (2075.00), only to recover sharply into the closing bell. There remains plenty of upside rally potential, however being Cycle Day 3 trade action could go either way. Overall trade advantage remains in the bullish camp.
Today is Cycle Day 3 (CD3)…IFFY…Bulls must clear and convert CD2 High (2091.50) to expand upon this cycle’s rally. IF this occurs upside targets 2095.00 – 2097.80. Above this zone opens potential to reach 2106 – 2109 zone.
***FOMC Meeting and plenty of high profile earning releases (AAPL) may act to keep price contained.
Range Projections and Key Levels: June (M) Contract

HOD Range Projection = 2097.80; LOD Range Projection = 2074.95; CD3 Maximum Penetration Level = 2105.84; CD3 Maximum Violation Level = 2062.45; Cycle Day 1 Low = 2075.00; 3 Day Central Pivot = 2084.75; 3 Day Cycle Target = 2108.96 10 Day Average True Range = 16.30.

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

Click Here

 

Today’s Hypotheses: June (M) 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: Bulls must clear and convert CD2 High (2091.50) to expand upon this cycle’s rally. IF this occurs upside targets 2095.00 – 2097.80. Above this zone opens potential to reach 2106 – 2109 zone.

Scenario 2: Failure to convert CD2 High (2091.50) keeps price contained within recent 20 handle range (2091 – 2071). Violation of lower range opens door to deeper downside break targeting 2062.45.

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 4.25.16

Markets

Saudi Arabia is today due to unveil “Saudi Vision 2030,” a plan to overhaul the kingdom’s economy in order to reduce its massive reliance on oil revenues, which account for 80% of its income but are taking a battering amidst the plunge in oil prices. Prince Mohammed bin Salman, who at 31 has amassed much power in his young hands, intends to create the world’s largest sovereign-wealth fund with over $2T in diversified assets and to sell under 5% in state oil monopoly Saudi Aramco in an IPO.

In Asia, Japan -0.8% to 17,439. Hong Kong -0.8% to 21,304. China -0.4% to 9,617. India -0.6% to 25,679.
In Europe, at midday, London -0.3%. Paris -0.4%. Frankfurt -0.7%.
Futures at 6:20, Dow +0.1%. S&P flat. Nasdaq -0.8%. Crude -1.2% to $43.19. Gold +0.3% to $1234.
Ten-year Treasury Yield – 1 bps to 1.875%

(Source: Seeking Alpha)

Today’s Economic Calendar
10:00 New Home Sales
10:30 Dallas Fed Manufacturing Survey
1:00 PM Results of $26B, 2-Year Note Auction
PTG Trading
S&P Futures (ES) found resistance early as price failed to convert Key Daily Pivot (2088.75). As such, decline which begin in prior session continued with multiple tests of CD3 Max Violation Level (2076.00). Cycle Day 1 Low is now marked at 2075.00.
Today is Cycle Day 2 (CD2)…NEUTRAL…In overnight trade price retested 2088 – 2090 and was rejected…only to retest 2076 – 2075 Cycle Day 1 Low and rejected. Expectation for today’s trade is for more non-directional trade as Bulls and Bears battle for control.
Range Projections and Key Levels: June (M) Contract

HOD Range Projection = 2091.02; LOD Range Projection = 2074.40; CD2 Maximum Penetration Level = 2101.42; CD2 Maximum Violation Level = 2055.58; Cycle Day 1 Low = 2075.00; 3 Day Central Pivot = 2089.25; 3 Day Cycle Target = 2099.96 10 Day Average True Range = 17.02.

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

Click Here

 

Today’s Hypotheses: June (M) 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 2090 – 2092 zone, THEN upside projects 2096.50 SPOT followed by 2100.00.

Scenario 2: Violation and conversion of Cycle Day 1 Low (2075.00) opens trap door forcing selling targeting 2068.50 followed by 2063.50 – 2060.50 STATX 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 4.22.16

Markets

After bank earnings last week and tech earnings this week, Q1 results from major industrial players are about to take center stage. General Electric (NYSE:GE), Caterpillar (NYSE:CAT) and Honeywell (NYSE:HON) will all release results this morning, and traders are on edge to see what the sector has in store. Will the rest of earnings season be able to move the U.S. market out of the sideways drift it has traveled for most of 2016?

In Asia, Japan +1.2% to 17572. Hong Kong -0.6% to 21484. China +0.2% to 2959. India -0.2% to 25838.
In Europe, at midday, London -0.8%. Paris -0.2%. Frankfurt -0.3%.
Futures at 6:20, Dow flat. S&P +0.1%. Nasdaq -0.1%. Crude +0.2% to $43.28. Gold -0.2% to $1247.80.
Ten-year Treasury Yield flat at 1.87%

(Source: Seeking Alpha)

Today’s Economic Calendar
9:45 PMI Manufacturing Index Flash
1:00 PM Baker-Hughes Rig Count
PTG Trading
Prior Session was Cycle Day 3 (CD3) and price failed an attempt to clear Cycle Day 2 (CD2) High, as such, set up the expected decline pushing lower to reach and exceed 2084.65 Low of Day (LOD) Range Projections.

Today begins a new Cycle Day 1(CD1)…NORMAL SPILL DOWN…Much of the decline that occurred in prior session has approximately fulfilled the Average Decline of 22 – 24 handles targeting 2080.13 – 2076.37 Zone.

As Rich Boisvert  states: “We have a dilemma…Momentum could take the markets much lower, or the rally could begin at any time.”

Range Projections and Key Levels: June (M) Contract

HOD Range Projection = 2095.40; LOD Range Projection = 2071.35; CD1 Maximum Penetration Level = 2113.54; CD1 Maximum Violation Level = 2068.68; Cycle Day 1 Low = 2084.75; 3 Day Central Pivot = 2092.50; 3 Day Cycle Target = 2076.37; 10 Day Average True Range = 17.65.

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

Click Here

Today’s Hypotheses: June (M) 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 PL (2082.00), THEN 1st objective is to exceed 2088.50 Central Pivot…Should this occur upside potential extends to 2092.50 – 2095.40.

Scenario 2: Decline began in prior session reaching Average Decline Levels and has since bounced back to 2088.50 Central Pivot and pullback resistance. Failure at this level and subsequent violation of PL (2082.00) opens trap door forced selling which targets 2076.37 – 2073.00 STATX ZoneLOD Range Projection (2071.35 and CD1 Max Violation Level (2068.68).

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 4.21.16

Markets

The European Central Bank is expected to leave interest rates and other stimulus tools unchanged at its meeting today while it ponders the effects of policy measures it took last month. That bazooka of stimulus included increasing monthly asset purchases to €80B, cutting rates, unveiling four new TLTRO operations, and introducing corporate bond buying into its QE program. Will it really help get medium-term inflation to just under 2%? Mario Draghi will likely address that issue and other questions at his news conference scheduled for 8:30 a.m. ET.

Crude prices are steadying following a major jump on Wednesday as government data showed that U.S. crude stocks rose slightly less than expected last week, while the U.S. dollar advanced against the euro ahead of today’s ECB meeting. The lack of movement comes despite the IEA predicting 2016 would see the biggest fall in non-OPEC production in the last 25 years (almost 700K bpd), helping rebalance a market that has been dogged by oversupply. “At the same time, global demand growth is in a hectic pace, led by India, China and other emerging countries,” IEA chief Fatih Birol told reporters in Tokyo. Crude futures flat at $44.18/bbl

In Asia, Japan +2.7% to 17364. Hong Kong +1.8% to 21622. China -0.7% to 2953. India +0.1% to 25880.
In Europe, at midday, London -0.6%. Paris -0.6%. Frankfurt -0.4%.
Futures at 6:20, Dow +0.1%. S&P flat. Nasdaq flat. Crude flat $44.18. Gold +0.5% to $1261.20.
Ten-year Treasury Yield flat at 1.86%

(Source: Seeking Alpha)

Today’s Economic Calendar
8:30 Initial Jobless Claims
8:30 Philly Fed Business Outlook
8:30 Chicago Fed National Activity Index
9:00 FHFA House Price Index
9:45 Bloomberg Consumer Comfort Index
10:00 Leading Indicators
10:30 EIA Natural Gas Inventory
4:30 Money Supply
4:30 Fed Balance Sheet
PTG Trading
S&P e-min (ES) successfully tested CD1 Low (2084.75) in early trade setting up this Cycle’s Rally as a perfect CD2 session drove price higher to projected target of 2101.00 outlined in prior DTS Report 4.20.16.
Today is Cycle Day 3 (CD3)…We have been opining that recent Cycles have exhibited very strong bullish tendencies as Mutual Funds have remained in “buy any dip” mode. This current Cycle has been no different as shallow pullbacks have not been friendly to shorts.
There remains further upside potential to this Cycle IF CD2 High (2105.50) is converted to new support. Failure to convert this level and subsequent violation of 2095.00 SPOT potentially increases odds of a decline in search of renewed buy response.
Range Projections and Key Levels: June (M) Contract

HOD Range Projection = 2114.00; LOD Range Projection = 2084.65; CD3 Maximum Penetration Level = 2119.32; CD3 Maximum Violation Level = 2076.00; Cycle Day 1 Low = 2084.75; 3 Day Central Pivot = 2088.75; 3 Day Cycle Target = 2110.68 10 Day Average True Range = 19.35.

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

Click Here

 

Today’s Hypotheses: June (M) 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 CD2 high (2105.50), THEN initial upside objective is 2108.25, followed by 2110.68 up through 2114.00. CD3 Max Penetration Level measures 2119.32.

Scenario 2: IF price violates and converts 2095.00 SPOT, THEN this would be viewed as early Sign of Weakness (SOW) initially targeting 2090.50 – 2087.00 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

Trade Strategy 4.20.16

Markets

Crude prices have fallen below $40 a barrel after Kuwaiti oil workers ended a three-day strike that had cut the OPEC member’s production by nearly half. Concerns about oversupply were further reinforced by API industry data that showed a 3.1M barrel U.S. inventory build last week, about double that expected by analysts. Bearish sentiment is also taking hold as traders continue to assess the impacts from the output freeze deal failure between major producers on Sunday. Oil futures -2.8% to $39.94/bbl.

In Asia, Japan +0.2% to 16907. Hong Kong -0.9% to 21236. China -2.3% to 2976. India +0.1% to 25844.
In Europe, at midday, London -0.5%. Paris flat. Frankfurt -0.1%.
Futures at 6:20, Dow -0.2%. S&P -0.2%. Nasdaq -0.2%. Crude -2.8% to $39.94. Gold -0.3% to $1250.20.
Ten-year Treasury Yield-1 bps to 1.77%

(Source: Seeking Alpha)

Today’s Economic Calendar
 7:00 MBA Mortgage Applications
10:00 Existing Home Sales
10:30 EIA Petroleum Inventories
PTG Trading
S&P e-mini (ES) opened above CD3 high (2088.75) and reached CD1 Max Penetration Level (2098.34) where price found resistance. We knew based upon Cycle Dynamics that odds favored returning back lower to at least test the CD3 high (2088.75), which is in-fact what occurred during prior session. Cycle Support is now marked at 2084.75.
Today is Cycle Day 2 (CD2)…NEUTRAL SPILL UP…Price successfully tested the CD1 Low (2084.75) in overnight trade and as such a small rally has begun. Price will need to exceed and hold above CD1 high (2098.50) to expand this Cycle’s Rally.
Range Projections and Key Levels: June (M) Contract

HOD Range Projection = 2106.08; LOD Range Projection = 2074.17; CD2 Maximum Penetration Level = 2109.78; CD2 Maximum Violation Level = 2065.57; Cycle Day 1 Low = 2084.75; 3 Day Central Pivot = 2081.75; 3 Day Cycle Target = 2110.68 10 Day Average True Range = 20.33.

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

Click Here

 

Today’s Hypotheses: June (M) 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 CD1 High (2098.50), THEN initial upside is 2101.00…Further strength above this level expands rally targeting 2106.08, followed by 2109.78 – 2110.68 3 Day Cycle Rally Target.

Scenario 2: In initial Sign of Weakness (SOW) would be a violation and conversion of CD1 Low (2084.75)…IF this scenario unfolds, THEN initial downside measures 2081.75 – 2080.00 3 Day Central Pivot Zone. Below this zone targets 2075.00 – 2074.17 LOD ATR Range Projection.

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 4.19.16

Markets

World shares are heading higher after oil prices stabilized and the Dow Jones closed above 18,000 for the first time since last July. Stocks seems to be getting a further lift from the ongoing first-quarter corporate earnings season. Analysts had forecast a pretty poor batch of results and many companies are managing to beat those expectations. The FTSE All-World equity index is up 0.7% to 268.9, its highest level since early December.

Oil prices have regained some ground as a result of an oil worker strike in Kuwait that has reduced output to 1.1M barrels per day from 2.8M. However, the gains may be short-lived. Russia’s Deputy Energy Minister Kirill Molodtsov told reporters the country is considering raising its production this year, and a level of 540M tonnes of crude is “quite realistic,” following the collapse of the Doha deal. Brent +1.6% to $43.63/bbl; WTI +1.6% to $40.41/bbl.

In Asia, Japan +3.7% to 16874. Hong Kong +1.3% to 21436. China +0.3% to 3042. India closed.
In Europe, at midday, London +0.4%. Paris +1%. Frankfurt +2.2%.
Futures at 6:20, Dow +0.4%. S&P +0.5%. Nasdaq +0.8%. Crude +1.6% to $40.41. Gold +0.8% to $1244.30.
Ten-year Treasury Yield +1 bps to 1.78%

(Source: Seeking Alpha)

Today’s Economic Calendar
8:30 Housing Starts
8:55 Redbook Chain Store Sales
PTG Trading
Gap down opening yesterday on the heals of “no freeze” failed agreement offered a tremendous buying opportunity for the Big Boys, as we have been opining that Mutual Funds are in “buy the dip” mode…and buy they did…Straight from the open bell there was nothing but aggressive bids and no supply, pushing price higher all session without a decent pullback. Shorts were stuck in a big way forcing them to buy ever higher.
Today begins new Cycle Day 1 (CD1)…NORMAL SPILL DOWN…recall last CD1 was relatively shallow as we characterized Cycle as very strong. This strength continues in the overnight with price trading above prior high (2088.75) and reaching 2098.34 CD1 Max Penetration Level. Bulls are squarely in control…It will take a reversal below prior high (2088.75) for first Sign of Weakness (SOW).
Range Projections and Key Levels: June (M) Contract

HOD Range Projection = 2106.15; LOD Range Projection = 2077.10; CD1 Maximum Penetration Level = 2098.34; CD1 Maximum Violation Level = 2052.00; Cycle Day 1 Low = 2068.50; 3 Day Central Pivot = 2076.25; 3 Day Cycle Target = 2099.36; 10 Day Average True Range = 21.40.

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

Click Here

 

Today’s Hypotheses: June (M) 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 exceeded PH (2088.75) in overnight trade to reach 2098.43 CD1 Max Penetration Level. Further strength in the cash session above this level targets 2106.15 – 2108.67.

Scenario 2: Failure to exceed 2098.34 and subsequent violation below 2093.00 opens door to test CD3 High (2088.75). Violation and conversion of this level represents first SOW which would target retracement down to 2081.75 – 2076.25 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 4.18.16

Markets

World shares are following crude lower, after the world’s largest oil exporters failed to reach an agreement in Doha to freeze output at January levels. The major sticking point during the meeting was the heightened tension between Saudi Arabia, the de facto OPEC leader, and Iran, which made a last-minute decision not to attend the gathering. Although no one expected Tehran to freeze production after its international sanctions were lifted, it wasn’t clear if the Saudis would demand that Iran immediately join the pact. Crude futures -3.1% to $40.42/bbl.

In Asia, Japan -3.4% to 16276. Hong Kong -0.7% to 21162. China -1.4% to 3033. India +0.7% to 25816.
In Europe, at midday, London -0.3%. Paris -0.2%. Frankfurt -0.2%.
Futures at 6:20, Dow -0.2%. S&P -0.3%. Nasdaq -0.2%. Crude -3.1% to $40.42. Gold +0.4% to $1239.70.
Ten-year Treasury Yield flat at 1.74%

(Source: Seeking Alpha)

Today’s Economic Calendar
 8:30 Fed’s Williams speech
10:00 NAHB Housing Market Index
7:00 PM Fed’s Rosengren speech
PTG Trading

Friday’s trade session was fairly quiet with little trade opportunities as options expiration and lack of commitment by investors was main theme. Failure to reach oil production freeze has pushed prices lower in overnight trade down to 2060.00 CD3 Max Violation Level. Pre-cash open prices have snapped back to 2073 handle within the 3 Day Central Pivot Zone.

Today is Cycle Day 3 (CD3)…IFFY…Given recent price action and a bit of confusion regarding direction for today, price could trade in either direction, so we will call it an “iffy” day. Definitive clear and conversion of 2074 handle will continue to support bullish outcome while a conversion below 2060 SPOT would increase odds of further downside.

Range Projections and Key Levels: June (M) Contract

HOD Range Projection = 2078.77; LOD Range Projection = 2052.48; CD3 Maximum Penetration Level = 2094.75; CD3 Maximum Violation Level = 2060.17; Cycle Day 1 Low = 2068.50; 3 Day Central Pivot = 2073.25; 3 Day Cycle Target = 2099.36; 10 Day Average True Range = 22.27.

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

Click Here

 

Today’s Hypotheses: June (M) 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 is currently trading at Cycle Day 1 Low (2068.50) in pre-cash trade…It will need to hold and stabilize above this level for the bulls to push for higher ground. IF this occurs, initial objective will be to clear and convert 2074.00 handle which would target 2078.00.

Scenario 2: Failure to convert 2068.50 to upside reflects a rejection which increase odds of retesting 2060 handle. Violation and conversion of this level opens trap door for lower prices targeting 2052.48.

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