Trade Strategy 5.31.16

Markets

Although “Sell in May” fell short this year with solid gains in the U.S., traders are already looking ahead to see what June will bring for stocks and the markets. They’ll get a head start this week with an economic data deluge ranging from the monthly jobs report to figures on inflation, manufacturing, and the services sector, plus an ECB meeting an OPEC gathering. Janet Yellen’s comments from Friday are also on investors’ minds, which suggested a rate hike could be on the table “in the coming months.”

In Asia, Japan +1% to 17235. Hong Kong +0.9% to 20815. China +3.3% to 2917. India -0.2% to 26668.
In Europe, at midday, London -0.1%. Paris -03%. Frankfurt -0.3%.
Futures at 6:20, Dow +0.2%. S&P +0.1%. Nasdaq +0.2%. Crude +0.3% to $49.46. Gold -0.3% to $1213.70.
Ten-year Treasury Yield +4 bps to 1.87%

(Source: Seeking Alpha)

Economic Calendar

8:30 Personal Income and Outlays
9:00 S&P Case-Shiller Home Price Index
9:45 Chicago PMI
10:00 Consumer Confidence
10:00 State Street Investor Confidence Index
10:30 Dallas Fed Manufacturing Survey
3:00 Farm Prices

PTG Trading

S&P e-mini (ES) fulfilled our upside target expectation over the long holiday break as price achieved 2100 – 2103.25 STATX Zone outlined in prior DTS Briefing 5.27.16. Shortened holiday session Monday with very narrow range has contracted 10 Day Average True Range down to 17.42 from 21.05.

Today begins new Cycle Day 1 (CD1)…Normal expectation would be for some type decline, but as we has recently seen, pullbacks remain relatively shallow as Bulls have dominant control at this time. Rising 3 Day Central Pivots indicate uptrend in effect with Mutual Funds in “buy the dips” mode.

Range Projections and Key Levels: June (M) Contract

HOD Range Projection: 2113.42; LOD Range Projection: 2085.33; CD1 Max Penetration Level: 2112.00; CD1 Max Violation Level: 2087.00; Cycle Day 1 Low: 2082.50; 3 Day Central Pivot: 2095.00; 3 Day Cycle Target: 2107.00; 10 Day Average True Range: 17.42

**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 holds above 2095.00 3D Pivot, THEN initial objective is to convert 2100.00 to upper support. Clearing PH (2103.75) expand recent rally targeting 2107.00 – 2109.50 STATX Zone. Above this zone measures 2112.00 – 2113.42.

Scenario 2: Initial sign of weakness would be violation and conversion of 2095.00 to resistance. Should this occur further downside may unfold in search of renewed buy response. Heavy congestive trade has previously occurred between 2080 – 2090 handles and expectation would be for buyers to step back in within this 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 5.27.16

Markets

Global stocks are on cruise control heading into a three-day weekend in the U.S. and with a key speech from Federal Reserve Chairwoman Janet Yellen on tap. The Fed chief is due to speak at Harvard University in her first public appearance in a couple of months. Most Fed watchers expect Yellen to stay on script, although some Q&A is expected. The Stoxx Europe 600 Index is essentially flat in mid-day trading, while Asian markets made small gains to end a strong week. The Nikki 225 Index rose 0.37% with President Obama in Japan for a historic visit to Hiroshima. Futures point to a calm opening for U.S. markets.

Crude oil prices are back below $50 in early trading on a round of profit taking by investors and with the U.S. dollar perking up. Traders are also positioning themselves ahead of the next OPEC meeting scheduled for just around the corner on June 2. Energy market watchers are unsure if key OPEC members will agree on a production cap or increase output. WTI crude is down 0.9% to $49.05/bbl, while Brent crude trading in London is 0.89% lower at $49.15/bbl.

In Asia, Japan +0.4% to 16835. Hong Kong +0.9% to 20577. China -0.1% to 2821. India +1.1% to 26664.
In Europe, at midday, London +0.1%. Paris +0.1%. Frankfurt +0.1%.
Futures at 6:20, Dow +0.1%. S&P +0.1%. Nasdaq +0.2%. Crude -0.9% to $49.05. Gold flat at $1223.10.
Ten-year Treasury Yield Flat at 1.82%

(Source: Seeking Alpha)

Economic Calendar

8:30 GDP Q1
8:30 Corporate Profits
10:00 Reuters/UofM Consumer Sentiment
1:00 PM Baker-Hughes Rig Count
11:30 Janet Yellen

PTG Trading

Quiet bullish consolidation yesterday ahead of the long Memorial Day Holiday. Expectation yesterday was for a relatively shallow decline to find a secure low. Buyers stepped in between 2083 – 85 so this zone will be marked as key support.

Today is Cycle Day 2 (CD2)…Normally we are expecting a continuation higher following shallow pullback. With long holiday upon us and many traders have departed for the weekend, today’s CD2 dovetails nicely with a potential for higher target levels to be fulfilled.

Range Projections and Key Levels: June (M) Contract

HOD Range Projection: 2109.05; LOD Range Projection: 2071.45; CD2 Max Penetration Level: 2102.50; CD2 Max Violation Level: 2075.25; Cycle Day 1 Low: 2082.50; 3 Day Central Pivot: 2079.25; 3 Day Cycle Target: 2107.00; 10 Day Average True Range: 21.05

**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 PH (2091.75), THEN initial upside objective is 2100.00 – 2103.25 STATX Zone. 3 Day Cycle Target = 2107.00…HOD ATR Range Projection = 2109.05.

Scenario 2: Violation and conversion below 2088.00 would be initial sign of weakness (SOW)…Should this occur expectation remains for responsive buyers at layered levels down to 2082.50 (CD1 Low).

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 5.26.16

Markets

Recent supply disruptions coupled with growing demand from China and India continue to push oil prices higher, with Brent crude (NYSEARCA:BNO) pushing through $50 per barrel in London trade, and WTI crude (NYSEARCA:USO) just pennies shy of that level in New York. Prices are now up about 80% from February, when they hit a 12-year low. The latest bullish news was a greater-than-expected inventory build reported by the EIA yesterday. The bull market may not last as producers inside of OPEC – Iran in particular – are set to increase output, and wildfire-related Canadian production declines are coming to an end.

In Asia, Japan +0.1% to 16772. Hong Kong +0.1% to 20397. China +0.2%to 2822. India +1.9% to 26366.
In Europe, at midday, London +0.1%. Paris +0.1%. Frankfurt +0.3%.
Futures at 6:20, Dow +0.1%. S&P +0.1%. Nasdaq +0.1%. Crude +0.6% to $49.87. Gold +0.3% to $1230.10.
Ten-year Treasury Yield flat at 1.86%

(Source: Seeking Alpha)

Economic Calendar

5:15 Fed’s Bullard: U.S. Monetary and Economic Policy
8:30 Durable Goods
8:30 Initial Jobless Claims
9:45 Bloomberg Consumer Comfort Index
10:00 Pending Home Sales
10:30 EIA Natural Gas Inventory
11:00 Kansas City Fed Mfg Survey
12:15 PM Fed’s Powell: U.S. Monetary and Economic Policy
1:00 PM Results of $28B, 7-Year Note Auction
4:30 PM Money Supply
4:30 PM Fed Balance Sheet

PTG Trading

For the second straight day “Gap n Go” took effect as price continued to vault higher to reach CD3 Maximum Penetration Levels. This “Power Cycle” shows no signs of weakness as Hedge Fund Managers find themselves having far too many short-sided positions which must be covered. Big Mutual Funds know this and as such have used this to propel prices to current levels.

Today is Cycle Day 1 (CD1)…Norm is for some type of decline, though with this “Power Cycle” any decline may only be relatively shallow…Keep vigilant!

Range Projections and Key Levels: June (M) Contract

HOD Range Projection: 2104.92; LOD Range Projection: 2068.33; CD1 Max Penetration Level: 2101.75; CD1 Max Violation Level: 2061.89; Cycle Day 1 Low: 2043.50; 3 Day Central Pivot: 2066.00; 3 Day Cycle Target: 2067.00; 10 Day Average True Range: 22.42

**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 holds above 2083.00 and clears and converts PH (2092.50), THEN initial upside objective is 2094.50 – 2096.75 STATX Zone. Above this zone targets 2101.75 – 2105.00.

Scenario 2: Violation and conversion of 2083.00 SPOT would be initial sign of weakness, opening the door for a corrective pullback to relieve recent buying pressure. Downside target would be 2078 SPOT, then 2070.00

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

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

Good Trading…David

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

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

PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS

IMPORTANT NOTICE! No representation is being made that the use of this strategy or any system or trading methodology will generate profits. Past performance is not necessarily indicative of future results. There is substantial risk of loss associated with trading securities and options on equities. Only risk capital should be used to trade. Trading securities is not suitable for everyone. Disclaimer: Futures, Options, and Currency trading all have large potential rewards, but they also have large potential risk. You must be aware of the risks and be willing to accept them in order to invest in these markets. Don’t trade with money you can’t afford to lose. This website is neither a solicitation nor an offer to Buy/Sell futures, options, or currencies. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.

CFTC RULE 4.41 –HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN

Trade Strategy 5.25.16

Markets

Crude futures are pushing closer to $50 a barrel, with U.S. oil hitting its highest in over seven months after API data suggested a larger-than-expected drawdown in U.S. inventories last week. Crude is also getting support by an overnight surge in U.S. equities, strong home sales and a series of oil outages around the world. Wildfires in Canada and a spate of violence in Nigeria have helped cut global crude supply by nearly 4M bpd this month.

In Asia, Japan +1.6% to 16757. Hong Kong +2.7% to 20368. China -0.2% to 2815. India +2.3% to 25881.
In Europe, at midday, London +0.7%. Paris +1%. Frankfurt +1.4%.
Futures at 6:20, Dow +0.4%. S&P +0.4%. Nasdaq +0.5%. Crude +1.1% to $49.17. Gold -0.6% to $1221.30.
Ten-year Treasury Yield flat at 1.86%

Economic Calendar

7:00 MBA Mortgage Applications
8:30 International trade in goods
9:00 FHFA House Price Index
9:45 PMI Services Index Flash
10:30 EIA Petroleum Inventories
1:00 PM Results of $13B, 2-Year FRN Auction
1:00 PM Results of $34B, 5-Year Note Auction
1:00 PM Fed’s Kaplan: Monetary Policy

PTG Trading

We wrote in prior DTS Briefing Report 5.24.16  “Monday’s Session was quiet narrow range “inside day”, as volumes and range compressed. This action typically leads to expansion with the path of least resistance remains for an upside resolution.”

“Gap n Go” Breakout in prior session caught many a trader (yours truly) off guard, as these type openings are relatively infrequent in occurrence. Price strength ultimately pushed higher surpassing 3 Day Cycle Target and most aggressive Maximum Penetration Levels.

Today is Cycle day 3 (CD3)…Momentum has pushed price higher in overnight trade to reach STATX Zone (2082.50 – 2086.75). First sign of weakness would be a violation and conversion of prior high (2077.25).

Range Projections and Key Levels: June (M) Contract

HOD Range Projection: 2095.92; LOD Range Projection: 2063.08; CD3 Max Penetration Level: 2087.55; CD3 Max Violation Level: 2031.19; Cycle Day 1 Low: 2043.50; 3 Day Central Pivot: 2053.50; 3 Day Cycle Target: 2067.00; 10 Day Average True Range: 22.42

**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 above prior high (2077.25) and has reached upper STATX Zone (2082.50 – 2086.50). IF price holds above PH (2077.25) on any pullback, THEN continued upside potential remains intact. Max Penetration Level measures 2087.55.

Scenario 2: First sign of weakness (SOW) would be a violation and conversion of PH (2077.25)…IF this occurs, THEN initial target is 2070 SPOT. Below this level 2064.50 – 2063.00 comes into play.

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 5.24.16

Markets

Expectations are rising for a rate hike next month after Philly Fed President Patrick Harker reinforced the central bank’s message that it’s getting ready to act now that the U.S. economy has recovered from a weak winter. “I can easily see the possibility of two or three rate hikes over the remainder of the year,” he told an audience in Philadelphia. “If the data comes in… I think a June rate increase is appropriate.” Markets are also awaiting this week’s main event – a speech from Janet Yellen on Friday.

In Asia, Japan -0.9% to 16499. Hong Kong +0.1% to 19830. China -0.8% to 2822. India +0.3% to 25305.
In Europe, at midday, London +0.6%. Paris +1.4%. Frankfurt +0.9%.
Futures at 6:20, Dow +0.3%. S&P +0.3%. Nasdaq +0.3%. Crude -0.3% to $47.94. Gold -0.7% to $1242.80.
Ten-year Treasury Yield flat at 1.83%

Economic Calendar

8:55 Redbook Chain Store Sales
10:00 New Home Sales
10:00 Richmond Fed Mfg.
1:00 PM Results of $26B, 2-Year Note Auction

PTG Trading

Monday’s Session was quiet narrow range “inside day”, as volumes and range compressed. This action typically leads to expansion with the path of least resistance remains for an upside resolution.

Overnight trade successfully tested the Cycle Day 1 Low (2043.50) and this cycle’s rally has begun…Price is currently trading at high of overnight session (2053.50).

Today is Cycle Day 2 (CD2)…NEUTRAL SPILL UP…Having successfully tested CD1 Low (2043.50), this cycle’s rally has started. Price will need to clear and convert 2056 – 58 zone to upper support. Should this occur upside objective is zone between 2063 – 2067.

Range Projections and Key Levels: June (M) Contract

HOD Range Projection: 2067.00; LOD Range Projection: 2031.12; CD2 Max Penetration Level: 2064.17; CD2 Max Violation Level: 2031.88; Cycle Day 1 Low: 2043.50; 3 Day Central Pivot: 2043.75; 3 Day Cycle Target: 2067.00; 10 Day Average True Range: 21.88

**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 PH (2056.00) to support, upside objective target 2063 – 2064 zone HOD ATR Range Projection and CD2 Max Penetration Level respectively. Average 3 Day Cycle Rally Target measures 2067.00.

Scenario 2: Violation of CD1 Low (2043.50) would be Sign of Weakness (SOW) and would potentially challenge the bullish thesis…IF this occurs, THEN lower targets are 2036.50 SPOT, followed by 2033 – 31 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 5.23.16

Markets

Oil prices are slipping again, hit by a strong dollar and signs that global crude supply is holding up even as unplanned outages rise to at least a five-year high. Iran’s Deputy Oil Minister was also quoted on Sunday saying the Islamic Republic has no plans to join any output freeze since it’s still ramping up exports to pre-sanctions levels. According to Rokneddin Javadi, Tehran’s shipments probably won’t surpass 2.2M barrels per day until midsummer. Crude futures -1.3% to $47.80/bbl.

In Asia, Japan -0.5% to 16655. Hong Kong -0.2% to 19809. China +0.6% to 2844. India -0.3% to 25230.
In Europe, at midday, London -0.3%. Paris -0.9%. Frankfurt -0.7%.
Futures at 6:20, Dow -0.1%. S&P -0.1%. Nasdaq -0.1%. Crude -1.3% to $47.80. Gold -0.1% to $1251.30.
Ten-year Treasury Yield -2 bps to 1.82%

Economic Calendar

5:30 Fed’s Bullard: U.S. Monetary and Economic Policy
8:00 Fed’s Williams: Monetary Policy
9:45 PMI Manufacturing Index Flash
6:30 PM Fed’s Harper speech

PTG Trading

Friday’s Bull Gap held firm throughout the session as price tagged 2055 SPOT that was outlined as Key Resistance prior week. Option Expiry maintained a firm bid as price tested Open Range Midpoint (2045) and bounced into settlement (2050).

Overnight trade tested the 2055 level and was rejected, pushing price back to 2045 handle. Key marker for the bulls to convert to support remains 2056 – 2058 zone. So far they have not been able to accomplish this mission. Price action is becoming more range-bound as traders probe both upper and lower edges of range for breakouts…So far stalemate.

Today begins new Cycle Day 1 (CD1)….Normal expectation is for some type of decline to unfold…So be mindful of 2055 SPOT failing to convert to support and conversion of 2045 to resistance. This will be first sign of weakness (SOW).

Range Projections and Key Levels: June (M) Contract

HOD Range Projection: 2065.58; LOD Range Projection: 2033.92; CD1 Max Penetration Level: 2064.44; CD1 Max Violation Level: 2025.64; Cycle Day 1 Low: 2030.75; 3 Day Central Pivot: 2042.25; 3 Day Cycle Target: 2058.00; 10 Day Average True Range: 22.08

**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: The bullish case would require price holding above 2043 – 2045 zone followed by a conversion of 2056 to upper support. Should this occur further upside range expansion is possible targeting 2058, followed by 2062 – 2065 zone.

Scenario 2: IF price violates and converts 2045 handle to resistance, THEN initial objective will be to test 2042.25 – 2041.25 3 Day Central Pivot Zone for renewed buy response. Failure for buyer to materialize opens door for deeper probe for a new secure low. Lower levels for possible support are: 2038.50 – 2036.25 STATX Zone. Average Decline on CD1 measures 2033.10.

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 5.20.16

Markets

The dollar is cruising to its third straight week of gains as stock and commodity markets show signs they might be able to manage another U.S. interest rate hike. With risk appetite gradually returning following a bumpy few days, U.S. futures are edging back into the green. “The question for traders now is whether this Fed rate hike issue is a ‘risk-on’ or a ‘risk-off’ situation,” said Saxo Bank FX strategist John Hardy.

In Asia, Japan +0.5% to 16736. Hong Kong +0.8% to 19852. China +0.7% to 2825. India -0.4% to 25302.
In Europe, at midday, London +1.4%. Paris +1.1%. Frankfurt +0.9%.
Futures at 6:20, Dow +0.3%. S&P +0.2%. Nasdaq +0.3%. Crude +0.4% to $48.33. Gold +0.2% to $1257.40.
Ten-year Treasury Yield +1 bps to 1.86%

Economic Calendar

10:00 Existing Home Sales
1:00 PM Baker-Hughes Rig Count

PTG Trading

Price could not hold bid above CD1 Low (2030.75) and as such, forced selling pushed price down to projected support zone outlined in prior DTS 5.19.16. Late session reversal propelled price back to opening and session high.

In overnight trade price has extended its rally back to 2043.50 3 Day Central Pivot. Today is Options Expiry and price is back to long-term balance, so expectation is for muted trade activity. Current larger swing remains down as bulls still need to convert 2048 to support at minimum.

Today is Cycle Day 3 (CD3)…The current up swing rally off extreme cycle low has legs to continue should bulls be able to convert 2048 to support. Stranger things have happened, but 3 Day Average Cycle Target is 2058 SPOT.

Range Projections and Key Levels: June (M) Contract

HOD Range Projection: 2059.30; LOD Range Projection: 2025.20; CD3 Max Penetration Level: 2055.84; CD3 Max Violation Level: 2011.00; Cycle Day 1 Low: 2030.75; 3 Day Central Pivot: 2043.50; 3 Day Cycle Target: 2058.00; 10 Day Average True Range: 22.05

**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 bid above 2038, THEN initial objective is to convert 2048 to upper support. Should this occur bulls gain the advantage targeting 2058 Cycle Target.

Scenario 2: Violation and conversion of 2038 back to resistance would project further price weakness…Critical support zone between 2035.25 – 2033.50 would come back into play for bulls to defend.

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 5.19.16

Markets

Global stocks fell to a six-week low, sovereign bonds slumped and the dollar held gains after minutes of the Fed’s last meeting put the prospect of a June rate hike firmly on the table so long as economic data continues to show positive signs. Oil is under pressure from the financial movement, in addition to EIA data published on Wednesday showing a build in U.S. crude inventories, as well as surging output from Iran to Europe and Asia.

In Asia, Japan flat at 16647. Hong Kong -0.7% to 19694. China flat at 2807. India -1.2% to 25399.
In Europe, at midday, London -1.4%. Paris -0.9%. Frankfurt -1.2%.
Futures at 6:20, Dow -0.4%. S&P -0.4%. Nasdaq -0.4%. Crude -1.9% to $47.27. Gold -1.5% to $1255.10.
Ten-year Treasury Yield flat at 1.87%

Economic Calendar

8:30 Initial Jobless Claims
8:30 Philly Fed Business Outlook
8:30 Chicago Fed National Activity Index
9:45 Bloomberg Consumer Comfort Index
10:00 Leading Indicators
10:30 EIA Natural Gas Inventory
10:30 Fed’s Williams Speech
4:30 PM Money Supply
4:30 PM Fed Balance Sheet

PTG Trading

S&P e-mini (ES) continues to retreat from any upside advancement as traders / investors are in “sell the bounce” risk-off mode, with the prospect of interest rate hike back on the table for June, according to Fed Minutes. The silver-lining about interest rate hike is that according to recent economic data, things are actually improving, albeit slowly…Options Expiration tomorrow..Hold on to your hats…

Today is Cycle Day 2 (CD2)…Bulls are on the edge yet again to produce a rally that can be sustainable…Key levels (2058 and 2066) that must be converted to support for the bullish case to gain traction…Violation and conversion of 2028 – 2030 zone opens trap door for forced liquidation….

Range Projections and Key Levels: June (M) Contract

HOD Range Projection: 2054.23; LOD Range Projection: 2023.27; CD2 Max Penetration Level: 2066.75; CD2 Max Violation Level: 2018.69; Cycle Day 1 Low: 2030.75; 3 Day Central Pivot: 2049.75; 3 Day Cycle Target: 2054.50; 10 Day Average True Range: 21.48

**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 holds above CD1 Low (2030.75), THEN initial objective is to convert 2043 SPOT to support…Should this occur, further upside targets 2050 – 2055 zone, followed by 2058.00 – 2060 STATX Zone.

Scenario 2: Violation and conversion of CD1 Low (2030.75) increase odds of continued selling initially targeting 2027.25 followed by 2023.27 – 2018.69 Xtreme Lows.

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 5.18.16

Markets

Both Treasury yields and the dollar have ticked up as traders position themselves ahead of this afternoon’s closely watched FOMC minutes. Fed officials have been talking up a storm ahead of the release, conveying hawkish tones that are also keeping stocks under pressure. During a joint speech in Washington on Tuesday, Atlanta’s Dennis Lockhart and San Francisco’s John Williams agreed that up to three rate hikes this year “seemed reasonable,” while Dallas President Robert Kaplan said he would call for a rate rise in June or July.

In Asia, Japan -0.1% to 16645. Hong Kong -1.5% to 19826. China -1.3% to 2807. India -0.3% to 25704.
In Europe, at midday, London -0.5%. Paris -0.3%. Frankfurt -0.3%.
Futures at 6:20, Dow flat. S&P flat. Nasdaq flat. Crude flat at $48.32. Gold -0.3% to $1273.50.
Ten-year Treasury Yield +2 bps to 1.78%

Economic Calendar

7:00 MBA Mortgage Applications
10:00 Atlanta Fed’s Business Inflation Expectations
11:00 EIA Petroleum Inventories
2:00 PM FOMC minutes

PTG Trading

S&P e-mini (ES) having achieved 3 Day Cycle Target and subsequently failing to expand range above Cycle Day 2 High (2068.50) set up yesterday’s decline once price violated and convert 2058 SPOT marked as Key Support. Price accelerated throughout the afternoon session finally testing and holding above 2038.50 Cycle Day 1 Low. This level (2038.50) is now marked as Key Support, with (2068.00) Key Resistance.

Today begins a new Cycle Day 1 (CD1)…The Average Decline observed on CD1 (2049.91) has already been achieved, so as such, there could be some residual selling targeting 2045 handle, otherwise a muted session ahead of Fed Minutes release.

Range Projections and Key Levels: June (M) Contract

HOD Range Projection: 2059.13; LOD Range Projection: 2026.12; CD1 Max Penetration Level: 2077.10; CD1 Max Violation Level: 2028.15; Cycle Day 1 Low: 2038.50; 3 Day Central Pivot: 2051.25; 3 Day Cycle Target: 2065.83; 10 Day Average True Range: 20.63

**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 hold above 2038.50, first objective will be to convert 2048 SPOT to support…THEN additional upside targets 2051.25 – 2053.25 zone.

Scenario 2: Violation and conversion of 2038 handle to lower resistance potentially open flood gates for renewed selling targeting 2034 – 2030 STATX Zone, with 2028 – 2026 Xtreme Lower Projections.

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 5.17.16

Markets

The IMF is pressing the eurozone to let Greece skip paying interest or principal on bailout loans until 2040, WSJ reports, stating they should be fixed at an interest rate of 1.5%, and fall due gradually in the following decades, even as late as 2080. Eurozone governments, led by Germany, are reluctant to make such major concessions on their loans to Athens, which currently total over €200B, but they also want the IMF to rejoin the bailout as a lender to boost the program’s credibility.

In Asia, Japan +1.1% to 16653. Hong Kong +1.2% to 20119. China -0.3% to 2844. India +0.4% to 25774.
In Europe, at midday, London +0.6%. Paris +0.4%. Frankfurt +0.3%.
Futures at 6:20, Dow +0.1%. S&P +0.1%. Nasdaq +0.2%. Crude +0.2% to $47.79. Gold -0.1% to $1272.60.
Ten-year Treasury Yield flat at 1.76%

Economic Calendar

8:30 Consumer Price Index
8:30 Housing Starts
8:55 Redbook Chain Store Sales
9:15 Industrial Production
10:00 E-Commerce Retail Sales
12:00 PM Fed’s Lockhart speech

PTG Trading

Bulls came out in force in prior session, lead by Apple Computer, and disclosure that legendary investor Warren Buffet owns nearly $1B newly acquired shares. S&P rallied to reach 3 Day Average Cycle Target (2065.83). Recall in prior DTS Report 5.16.16, we stated…“Bulls will need to recapture and convert 2066.00 SPOT to solid support…” This still remains the case…So today will be important to notch a “follow-through” session…Otherwise, selling may re-enter the picture as the larger trend channel remains negative.

Today is Cycle Day 3 (CD3)…Cycle Targets have been achieved, so unless Bulls can keep positive momentum intact, the next decline can happen at any time. Key Support is marked at 2058 SPOT…Any violation of this level would be first sign of weakness. Convert 2066 – 2068 zone to upper support would be sign of strength.

Range Projections and Key Levels: June (M) Contract

HOD Range Projection: 2080.77; LOD Range Projection: 2048.73; CD3 Max Penetration Level: 2081.50; CD3 Max Violation Level: 2025.00; Cycle Day 1 Low: 2038.50; 3 Day Central Pivot: 2054.50; 3 Day Cycle Target: 2065.83; 10 Day Average True Range: 20.77

**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 key support (2058.00) and subsequently convert 2066.00 to upper support, THEN upside is open to 2071.75 – 2075.75 STATX Zone…Range Targets measure 2080 – 2081.50 zone.

Scenario 2: Failure to convert 2066.00 to support with violation and conversion of 2058.00 to resistance opens door for sellers to push back buyers. Lower levels of interest for renewed buy response are: 2058..2054…2052. Below is ATR Range Projection 2048.73. Violation of Cycle Day 1 Low (2038.50) increase odds for forced long liquidation.

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