Trade Strategy 6.30.16

Markets

U.S. stock futures are pointing to a higher open as equities look to close out the second quarter by extending Tuesday’s big rally into the best three-day gain since February. The Dow and S&P 500 are now back in the black for 2016 and for Q2, but the Nasdaq is still in the red for both periods. Overall, major U.S. averages have now recovered about 60% of their post-Brexit losses.

In Asia, Japan +0.1% to 15576. Hong Kong +1.8% to 20794. China -0.1% to 2929. India +1% to 26999.
In Europe, at midday, London +0.5%. Paris +0.7%. Frankfurt +0.3%.
Futures at 6:20, Dow +0.3%. S&P +0.3%. Nasdaq +0.2%. Crude -0.9% to $49.42. Gold -0.5% to $1319.70.
Ten-year Treasury Yield +5 bps to 1.52%

(Source: Seeking Alpha)

Economic Calendar

8:30 Initial Jobless Claims
9:45 Chicago PMI
9:45 Bloomberg Consumer Comfort Index
10:30 EIA Natural Gas Inventory
4:30 PM Money Supply
4:30 PM Fed Balance Sheet

PTG Trading

Price only produced a very shallow decline before continuing its upward trajectory, exceeding all upside targets erasing nearly two-thirds of Brexit decline. End of Quarter window dressing will likely keep a firm bid to price ahead of the long Fourth of July Holiday.

Today is Cycle Day 2 (CD2)…Expectation is for some back n fill type trade with current bullish swing remaining intact. Initial support is marked at 2057.25 Central Pivot with stronger support between 2040 – 42 zone. Price is currently neat CD2 Max Penetration Level so additional upside may be a struggle.

Range Projections and Key Levels: Sept (U) Contract

HOD Range Projection: 2090.00; LOD Range Projection: 2040.00; CD2 Max Penetration Level: 2076.25; CD2 Max Violation Level: 2011.00; Cycle Day 1 Low: 2022.75; 3 Day Central Pivot: 2022.00; 3 Day Cycle Target: 2041.00; 10 Day Average True Range: 33.65

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

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Today’s Hypotheses: September (U) 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 (2067.25), THEN further extension measures 2088.25 – 2090.00 STATX Zone.

Scenario 2: Violation and conversion of 2057.25 would be initial sign of weakness targeting 2042 – 40 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 6.29.16

Markets

Amid heightening Brexit tensions, European leaders are arriving for the second and final day of talks in Brussels, where an outline for a new road map for global economic policy makers is expected. Heads of EU governments told Britain yesterday to act quickly to resolve the political and economic confusion unleashed by its vote, while Mario Draghi said the decision could reduce eurozone growth by a cumulative 0.3%-0.5% over the next three years.

In Asia, Japan +1.6% to 15567. Hong Kong +1.3% to 20436. China +0.7% to 2932. India +0.8% to 26740.
In Europe, at midday, London +2.3%. Paris +2.6%. Frankfurt +1.9%.
Futures at 6:20, Dow +0.6%. S&P +0.7%. Nasdaq +0.8%. Crude +1.3% to $48.48. Gold +0.1% to $1319.80.
Ten-year Treasury Yield flat at 1.46%

(Source: Seeking Alpha)

Economic Calendar

7:00 MBA Mortgage Applications
8:30 Personal Income and Outlays
10:00 Pending Home Sales
10:30 EIA Petroleum Inventories
3:00 Farm Prices

PTG Trading

As fears subsided and cooler minds prevailed, markets found a firm bid and rallied sharply in prior session recovering nearly half of the sell-down last week. So as the initial shock wave effects diminish, price will find a natural balance zone. Volatility is anticipated to remain elevated which should provide ample profitable trading opportunities for the disciplined trader.

Today begins a new Cycle Day 1 (CD1)…Projected Cycle Rally Target (2041.00) has been achieved as outlined in prior DTS Report 6.28.16. Residual bullish momentum may continue before the next cycle decline begins. As price is near the 50% retracement level, be on high alert for signs of price weakness in current swing up.

Range Projections and Key Levels: Sept (U) Contract

HOD Range Projection: 2054.50; LOD Range Projection: 2011.50; CD1 Max Penetration Level: 2038.25; CD1 Max Violation Level: 1991.00; Cycle Day 1 Low: 1999.00; 3 Day Central Pivot: 2018.00; 3 Day Cycle Target: 2041.00; 10 Day Average True Range: 31.70

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

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Today’s Hypotheses: 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 PH (2029.00) and has reached 2041.00 Cycle Target. Price momentum will need to continue into cash session to keep current rally intact.

Scenario 2: Failure to convert 2041 to upper support and/or violation of PH (2029.00) opens door for possible reversal and shift in current bullish swing dynamics. Key Support zone is marked between 2022.50 – 2013.50 3 Day Central Pivot Zone.

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

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

Good Trading…David

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

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

PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS

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

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

Trade Strategy 6.28.16

Markets

A recovery is taking shape across the globe after a record $3T in market cap was wiped off the board in just two trading days and sterling fell to its lowest level in over 30 years. Hopes of a more coordinated central bank response to support the financial markets and firmer oil prices are helping stocks claw back some of their losses following the Brexit battering. The mostly sideways year for the Dow and S&P is still negative, down 1.6% and 2.1%, respectively.

In Asia, Japan +0.1% to 15323. Hong Kong -0.3% to 20172. China +0.6% to 2913. India +0.5% to 26525.
In Europe, at midday, London +2.5%. Paris +2.5%. Frankfurt +2.1%.
Futures at 6:20, Dow +1.1%. S&P +1%. Nasdaq +1%. Crude +2.6% to $47.54. Gold -1% to $1311.
Ten-year Treasury Yield +2 bps to 1.48%

(Source: Seeking Alpha)

Economic Calendar

8:30 GDP Q1
8:30 Corporate Profits
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.

PTG Trading

Markets continued selling down to start the week as fears of an EU unraveling becoming uncontrollable kept investors/traders in “risk-off” mode. Following the initial shock wave of the Brexit vote, markets will find a natural balance zone, as valuation adjustments will dictate the new price range.

Today is Cycle Day 3 (CD3)…Price hit and exceeded violation levels in prior session and has since stabilized in overnight trade. Odds favor a relief rally which should take price back above CD1 Low (1999.00) producing a Positive 3 Day Rally, albeit a rather poor quality rally.

Range Projections and Key Levels: Sept (U) Contract

HOD Range Projection: 2012.00; LOD Range Projection: 1979.00; CD3 Max Penetration Level: 2032.25; CD3 Max Violation Level: 1968.50; Cycle Day 1 Low: 1999.00; 3 Day Central Pivot: 2048.00; 3 Day Cycle Target: 2041.00; 10 Day Average True Range: 29.92

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

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Today’s Hypotheses: 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 1988.50 “key marker”, THEN initial objective is to push higher to 2008 handle and above CD1 Low (1999.00). Continued strength would target 2015 – 2020 STATX Zone and prior high (2022.50).

Scenario 2: Currently price is above CD1 Low (1999.00) in overnight trade…Violation of this level potentially opens door for retest of CD2 Low (1981.50). Extreme low projection zone is between 1974.75 – 1968.50 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 6.27.16

Markets

After remaining mostly undecided since the market open, European shares are starting to feel the effects from Friday’s historic drubbing. According to Standard & Poor’s, $2.08T of stock market value were wiped out across the globe in the previous session, marking the largest ever daily sell-off in dollar terms. Today’s aftershocks are also weighing on U.S. equity futures and sent sterling down another 3.1%, as investors seek safety in gold and low-risk government debt.

In Asia, Japan +2.4% to 15309. Hong Kong -0.2% to 20227. China +1.5% to 2896. India flat at 26403.
In Europe, at midday, London -1.7%. Paris -1.9%. Frankfurt -1.9%.
Futures at 6:20, Dow -0.6%. S&P -0.6%. Nasdaq -0.8%. Crude -0.7% to $47.30. Gold +0.9% to $1333.70.
Ten-year Treasury Yield -10 bps to 1.47%

(Source: Seeking Alpha)

Economic Calendar

8:30 International trade in goods
9:45 PMI Services Index Flash
10:30 Dallas Fed Manufacturing Survey

PTG Trading

As dramatic a drop in price which occurred following the Brexit vote, it was not all unexpected, as many positioned (hedged) portfolios in-advance…This of course helps soften the blow…Now what will become important is the fall-out, as pundits will be making all sorts of predictions of the downstream cause and effect scenarios. This will of course will add to the current uncertainty, but will also create tremendous opportunity, for those that remain calm and cool under pressure.

Today is Cycle Day 1 (CD1)…Clearly the Cycle has been disrupted to say the least, as it may take some time to return to some normalcy with the Cycle. We will continue to respect key levels outlined below…Remain flexible, focused and disciplined.

Range Projections and Key Levels: Sept (U) Contract

HOD Range Projection: 2029.00; LOD Range Projection: 1995.00; CD1 Max Penetration Level: 2073.50; CD1 Max Violation Level: 1987.50; Cycle Day 1 Low: 2074.00; 3 Day Central Pivot: 2076.75; 3 Day Cycle Target: 2100.25; 10 Day Average True Range: 27.35

**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 holds a retest of Cycle Day 1 Low (1999.00), THEN odds favor a rally initially targeting 2020 handle. Above this level targets 2029.00 – 2032 handles. Central Pivot is marked at 2045.50.

Scenario 2: Violation and conversion of Cycle Day 1 Low (1999.00) to resistance increases potential for margin calls / long liquidation. Should this unfold lower expansion levels are 1995.00…1987.50 down to 1971.00 STATX Zone 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 6.24.16

Markets

A wave of carnage is sweeping through the global markets after Britain voted to leave the EU in a historic referendum. Sterling is plunging, world equities and government bonds yields are tumbling, crude is deep in the red while gold prices surge as the shockwaves hit every asset class and region. With all 382 U.K. areas reporting, the ‘Leave’ camp won 51.9% of vote vs. ‘Remain’s 48.1%. Voter turnout was 72.2%.

In Asia, Japan -7.9% to 14952. Hong Kong -2.9% to 20259. China -1.3% to 2854. India -2.2% to 26398.
In Europe, at midday, London -4.5%. Paris -8.2%. Frankfurt -6.7%.
Futures at 6:20, Dow -3.4%. S&P -4.2%. Nasdaq -4.2%. Crude -4.8% to $47.69. Gold +5.2% to $1328.90.
Ten-year Treasury Yield -26 bps to 1.47%

(Source: Seeking Alpha)

Economic Calendar

8:30 Durable Goods
10:00 Consumer Sentiment
1:00 PM Baker-Hughes Rig Count

PTG Trading

Global Markets have reacted negatively (as expected) to Brexit…S&P (ES) is currently down approximately 120 handles.

Today’s DTS Report will deviate from the normal given the extraordinary circumstances…We want to focus your attention to the CME Group’s Price Limit Guide outlined below.

CME Group U.S. equity index price limits (and corresponding CME and CBOT rules) are designed to coordinate with circuit breakers provisions as applied by the New York Stock Exchange (NYSE).

  • 7%, 13%, and 20% price limits are applied to the futures fixing price and are effective from 8:30 a.m. CT – 3:00 p.m. CT. Mondays through Fridays.
  • 5% up-and-down limits are effective 5:00 p.m. – 8:30 a.m. CT. Sundays through Fridays; and 3:00 p.m. – 4:00 p.m. CT, Mondays through Fridays. Between 3:00 p.m. – 4:00 p.m. the 5% price limit will not be allowed to breech the 20% daily limit.
  • The fixing price is the volume weighted average price, VWAP, calculated during the 30 seconds of trading from 2:59:30 p.m. – 3:00:00 p.m. CT.

Below is link to full Price Limit Guide on CME Group’s Website

Click here button

Range Projections and Key Levels: Sept (U) Contract

HOD Range Projection: 2104.50; LOD Range Projection: 2082.00; CD3 Max Penetration Level: 2101.50; CD3 Max Violation Level: 2062.50; Cycle Day 1 Low: 2074.00; 3 Day Central Pivot: 2081.00; 3 Day Cycle Target: 2100.25; 10 Day Average True Range: 20.10

**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: Please see section above

Scenario 2: Please see section above

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

 

(Source: Seeking Alpha)

Economic Calendar

 

PTG Trading

 

Range Projections and Key Levels: Sept (U) Contract

HOD Range Projection: 2104.50; LOD Range Projection: 2082.00; CD3 Max Penetration Level: 2101.50; CD3 Max Violation Level: 2062.50; Cycle Day 1 Low: 2074.00; 3 Day Central Pivot: 2081.00; 3 Day Cycle Target: 2100.25; 10 Day Average True Range: 20.10

**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: 

Scenario 2: 

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 6.23.16

Markets

The highly anticipated Brexit referendum is underway in Britain, where citizens across the country are casting their vote on whether to ‘Remain’ or ‘Leave’ the EU. Despite most polls suggesting the outcome is too close to call, equities are soaring and sterling is at fresh 2016 highs. Traders across London are still bracing themselves for an all-night vigil, while the G7 nations are poised to take “all necessary steps” to calm markets in case of a Brexit.

In Asia, Japan +1.1% to 16238. Hong Kong +0.4% to 20868. China +0.5% to 2892. India +0.9% to 27002.
In Europe, at midday, London +1.5%. Paris +2.2%. Frankfurt +2.3%.
Futures at 6:20, Dow +1%. S&P +1.1%. Nasdaq +1.2%. Crude +1.6% to $49.91. Gold -0.6% to $1263.
Ten-year Treasury Yield +5 bps to 1.73

(Source: Seeking Alpha)

Economic Calendar

8:30 Initial Jobless Claims
8:30 Chicago Fed National Activity Index
9:45 PMI Manufacturing Index Flash
9:45 Bloomberg Consumer Comfort Index
10:00 New Home Sales
10:00 Leading Indicators
10:30 EIA Natural Gas Inventory
4:30 PM Money Supply
4:30 PM Fed Balance Sheet

PTG Trading

Markets have been jittery ahead of today’s referendum vote…visualize a Cat on a Hot Tin Roof..and you get the idea. Overall though, there continues to be an upside bias to price action, as Monday’s gap low (2070.25) continues to attract responsive buyers with progressively higher lows.

Today is Cycle Day 3 (CD3)…In overnight trade price has rallied higher to reach 3 Day Average Cycle Target at 2100.25…This has produced a Positive 3 Day Rally and as such, price could continue to move with inertial momentum higher, or the next Cycle decline may begin. Just like the Brexit vote today…Too Close to Call. Stay Alert and Flexible.

Range Projections and Key Levels: Sept (U) Contract

HOD Range Projection: 2104.50; LOD Range Projection: 2082.00; CD3 Max Penetration Level: 2101.50; CD3 Max Violation Level: 2062.50; Cycle Day 1 Low: 2074.00; 3 Day Central Pivot: 2081.00; 3 Day Cycle Target: 2100.25; 10 Day Average True Range: 20.10

**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 (2091.25), THEN initial upside objective measures 2100.25 – 2101.50 (achieved in overnight trade). Above this zone targets 2104.50 — 2107.25 HOD ATR Range Projection and STATX Zone.

Scenario 2: Price is currently trading above PH (2191.25)…Violation and conversion of this level to resistance opens door for sellers to exit longs and shorts to press positions. Lower levels of interest are: 2083.50 – 2082.00 – 2080.00…Cycle Day 1 Low support at 2074.00.

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 6.22.16

Markets

Enough with the surveys and polls, traders appear to be in “wait and see” mode as equities hold steady ahead of a closely watched Brexit vote. “Anyone that wants to call this referendum with confidence is extremely foolish,” said John Curtice, professor of politics at Strathclyde University. “The contest is very close to 50-50.” Politicians on both sides of the debate will be making their last arguments today ahead of polling stations opening tomorrow at 7:00 a.m. London time.

Just in case there was still anybody holding out for a July rate hike, Janet Yellen quashed that idea yesterday in her Humphrey-Hawkins testimony. Mostly repeating the memes from the recent FOMC policy meeting and her press conference, Yellen cited “considerable uncertainty” about the economic outlook, and the potential for a Brexit vote to shake up the markets. She testifies again today, this time before the House Financial Services Committee.

In Asia, Japan -0.6% to 16066. Hong Kong +0.6% to 20795. China +1% to 2906. India -0.2% to 26766.
In Europe, at midday, London +0.3%. Paris +0.2%. Frankfurt +0.1%.
Futures at 6:20, Dow flat. S&P flat. Nasdaq flat. Crude +1.1% to $50.38. Gold -0.4% to $1267.50.
Ten-year Treasury Yield flat at 1.69%

(Source: Seeking Alpha)

Economic Calendar

7:00 MBA Mortgage Applications
9:00 FHFA House Price Index
10:00 Existing Home Sales
10:00 Yellen delivers semi-annual monetary policy testimony
10:30 EIA Petroleum Inventories
11:30 Results of $13B, 2-Year FRN Auction
1:00 PM Results of $34B, 7-Year Note Auction

PTG Trading

Quiet Narrow Range Day (NRD) held the market’s in check yesterday as testimony by Janet Yellen and count-down to Brexit vote has most traders /investors in a holding pattern. This of course makes for shitty intra-day trading, but that’s we get get sometimes…It’s all part of the game. As we like to say in aviation while flying: “Hours of boredom and moments of stark terror”

Today is Cycle Day 2 (CD2)…With NRD yesterday potential remains or is it Bremains to rally higher during this cycle…Upper targets are clustered within a tight zone between 2096 – 2097.

Range Projections and Key Levels: Sept (U) Contract

HOD Range Projection: 2096.50; LOD Range Projection: 2065.50; CD2 Max Penetration Level: 2096.50; CD2 Max Violation Level: 2062.00; Cycle Day 1 Low: 2074.00; 3 Day Central Pivot: 2074.75; 3 Day Cycle Target: 2097.00; 10 Day Average True Range: 19.33

**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 converts PH (2086.00), THEN upside projects 2090 – 92 zone followed by 2095 – 2097 upper target zone.

Scenario 2: IF price violates and converts CD1 Low (2074.00), THEN levels to be mindful of are 2070.25…2065.50…2062.00.

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 6.21.16

Markets

It’s been a busy June for Janet Yellen. Central bank watchers will hear from the Fed chief for the fourth time this month when she presents her semiannual testimony on monetary policy before Congress today and tomorrow. The FOMC left rates unchanged when officials met last week, but Yellen’s comments will be closely watched to see whether a July rate hike still remains an option, as well as potential financial stability risks of a Brexit.

In Asia, Japan +1.3% to 16169. Hong Kong +0.8% to 20668. China -0.4% to 2879. India -0.2% to 26813.
In Europe, at midday, London +0.1%. Paris +0.7%. Frankfurt +0.6%.
Futures at 6:20, Dow +0.4%. S&P +0.5%. Nasdaq +0.5%. Crude -0.7% to $49.61. Gold -0.7% to $1282.70.
Ten-year Treasury Yield +1 bps to 1.68%

(Source: Seeking Alpha)

Economic Calendar

8:55 Redbook Chain Store Sales
10:00 Yellen delivers semi-annual monetary policy testimony
1:00 PM Results of $34B, 5-Year Note Auction

PTG Trading

Average True Range (10) has climbed back to its historical norm of 19 handles as volatility has increased ahead of the upcoming Brexit vote on Thursday. Markets rallied in prior session as fears lessened of a “yes (exit) vote”.

Today is Cycle Day 1 (CD1)…Having hit 2092.50 range target yesterday, price progressively sold down lower to reach 2070 handle which is the Average Decline Target measured from Cycle Day 3 high. In overnight trade price has held above this key level and rallied back to 2083 handle.

Range Projections and Key Levels: Sept (U) Contract

HOD Range Projection: 2093.50; LOD Range Projection: 2067.00; CD1 Max Penetration Level: 2107.75; CD1 Max Violation Level: 2058.50; Cycle Day 1 Low: 2040.75; 3 Day Central Pivot: 2068.25; 3 Day Cycle Target: 2095.00; 10 Day Average True Range: 19.08

**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: IF price holds above 2070 handle, THEN expectation is for continued move higher to retest 2086 – 2092 zone.

Scenario 2: Violation of 2070 handle potentially creates a sell condition which targets 2067 – 2062 zone for renewed buy response.

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 6.20.16

Markets

World equities have their rally caps back on after weekend polls suggested Britain was more likely to vote to remain in the EU in Thursday’s referendum. Sterling is getting a massive boost on the news, with the pound up 2% against the dollar at $1.4646. Campaigning activities have also resumed in the U.K. as both camps tone down their rhetoric following the killing of Labour Party lawmaker Jo Cox.

In Asia, Japan +2.3% to 15965. Hong Kong +1.7% to 20510. China +0.1% to 2889. India +0.9% to 26867.
In Europe, at midday, London +2.9%. Paris +3.3%. Frankfurt +3.4%.
Futures at 6:20, Dow +1.2%. S&P +1.3%. Nasdaq +1.3%. Crude +1.7% to $49.37. Gold -0.8% to $1285.10.
Ten-year Treasury Yield +5 bps to 1.67%

(Source: Seeking Alpha)

Economic Calendar

1:00 PM Results of $26B, 2-Year Note Auction

PTG Trading

US Markets are prepped for a gap higher open as Bremain is the more likely vote outcome of Britian’s referendum on the 23rd. Does anyone really believe that they would vote to leave the EU? Sentiment runs so deep within the markets that it is clear emotions are a key driver of price action. Calm minds prevail in the end.

Today is Cycle Day 3 (CD3)…Price has exceeded all cycle range targets, so the bulls being clearly in control will need to maintain such on pullbacks. Price remaining squarely above 2073 – 76 zone shifts current dynamics to the bullish side.

Range Projections and Key Levels: Sept (U) Contract

HOD Range Projection: 2087.75; LOD Range Projection: 2069.50; CD3 Max Penetration Level: 2083.50; CD3 Max Violation Level: 2042.50; Cycle Day 1 Low: 2040.75; 3 Day Central Pivot: 2063.50; 3 Day Cycle Target: 2095.00; 10 Day Average True Range: 17.52

**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 maintains bid above PH (2074.75) additional upside momentum targets 2087.75 ATR Range Projection.

Scenario 2: Violation of PH (2074.75) reverses bullish case in favor of bears…Further violation of 2069.50 opens door for deeper slide targeting 2063 – 2061 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 6.17.16

Markets

EU campaigning has been suspended in the U.K. following the murder of Labour MP Jo Cox, a strong advocate for voting to ‘stay’ in next week’s referendum. She was reportedly killed by Thomas Mair, who shouted “Britain first” before the attack. According to analysts, Cox’s death could change the psychology of the campaign and sway public opinion towards the safety of a unified economic bloc. Markets seem to believe that too, with sterling up by half a percent and world equities trading higher.

A marked rise in political risks threatens to derail the eurozone’s still fragile recovery, warns the IMF, adding that the region is at a “critical juncture.” Managing Director Christine Lagarde also called for the creation of a fund to help finance structural reforms in the euro area, echoing ideas floated by the European Commission in 2012 but subsequently dropped in the face of German opposition

In Asia, Japan +1.1% to 15599. Hong Kong +0.7% to 20169. China +0.4% to 2885. India +0.4% to 26625.
In Europe, at midday, London +1.2%. Paris +0.9%. Frankfurt +1.1%.
Futures at 6:20, Dow flat. S&P flat. Nasdaq flat. Crude +1.6% to $47.48. Gold -0.6% to $1290.30.
Ten-year Treasury Yield +4 bps to 1.6%

(Source: Seeking Alpha)

Economic Calendar

8:30 Housing Starts
10:00 Atlanta Fed’s Business Inflation Expectations
1:00 PM Baker-Hughes Rig Count

PTG Trading

Volatility is back on the rise as price pushed lower to deep extremes (2040.75) before buyers stepped in to buy the weakness, absorb the selling and rally price higher, following a week of persistent barrage of selling as “risk-off” ahead of Brexit vote next week. Options Expiry today has also added to the increased price volatility.

Today is Cycle day 2 (CD2)…This Cycle’s Rally is already in place, so with options expiration today, trade could be aimless and choppy. Some “back n fill” would be the normal course today to balance out recent price action.

Range Projections and Key Levels: Sept (U) Contract

HOD Range Projection: 2083.00; LOD Range Projection: 2056.75; CD2 Max Penetration Level: 2082.00; CD2 Max Violation Level: 2033.00; Cycle Day 1 Low: 2040.75; 3 Day Central Pivot: 2064.00; 3 Day Cycle Target: 2095.00; 10 Day Average True Range: 17.90

**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 find renewed buy response at or above 2060 handle for the current rally to remain intact. IF price clears and converts PH (2071.50), THEN additional upside projects 2076 – 2079.50 STATX Zone.

Scenario 2: Violation and conversion of 2060 handle would be initial sign of weakness..Failure to find sufficient buy response on any pullback may embolden the Bears to attempt a push lower. Break of 2056 SPOT (LOD Projection) opens door for retest of lower levels.

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