Trade Strategy 7.29.16

Markets

The first look at U.S. GDP for the second quarter arrives later this morning. Economists expect 2.6% growth to be reported, although many forecasts have been revised lower. Both Morgan Stanley and JPMorgan trimmed their GDP forecast recently to 2.2%, while GDPNow clipped its view to 1.8%. The U.S. economy generated 1.1% growth in Q1. The reading from the University of Michigan survey of consumers will also be closely watched this morning. The preliminary report for July showed a 4.3% month-over-month drop to 89.5 for the Index of Consumer Sentiment. Analysts expect an improvement to 90.6 for the final survey report.

In Asia, Japan +0.6% to 16529. Hong Kong -1.28% to 21891. China -0.5% to 2979. India -0.6% to 28054.
In Europe, at midday, London -0.1%. Paris +0.1%. Frankfurt +0.5%.
Futures at 6:20, Dow -0.1%. S&P -0.1%. Nasdaq flat. Crude -0.7% to $40.85. Gold -0.1% to $1340.40.
Ten-year Treasury Yield Flat at 1.52%

(Source: Seeking Alpha)

Economic Calendar

8:30 GDP Q2
8:30 Employment Cost Index
9:30 PM Fed’s Williams Speech
9:45 Chicago PMI
10:00 Consumer Sentiment
1:00 PM Baker-Hughes Rig Count

3:00 Farm Prices

PTG Trading

Good Friday Morning Everyone!  Having fun trading this week/month? I am being totally sarcastic of course…There is nothing more for me to add in terms of valued commentary as shrinking ranges, volumes and volatility continues….I can barely find a pulse. There was a tweet quoted yesterday by Ryan Detrick, CMT that sums it up quite nicely:..“The S&P 500 has traded in a range of less than 1% the past 11 days. That has never happened going back 45 years.”

Today is Cycle Day 2 (CD2)…Simply stated…Market can go either way as price is dead center (2163) within range. Stay Vigilant!

Range Projections and Key Levels: Sept (U) Contract

HOD Range Projection: 2170.50; LOD Range Projection: 2155.00; Cycle Day 1 Low: 2153.50; 3 Day Central Pivot: 2162.25; 3 Day Cycle Target: 2175.75; 10 Day Average True Range: 13.00

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

Click Here

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 2170 handle, THEN upside is open to 2178 initial target.

Scenario 2: IF price violates and converts 2153 handle, THEN downside is open to 2142 initial target.

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 7.28.16

Markets

Since crude prices hit a year-high above $52 a barrel in June they have slipped almost 20%, leaving them on the cusp of a new bear market. EIA data on Wednesday unexpectedly showed a 1.7M barrel rise in U.S. crude inventories vs. what had been steady declines in previous weeks. “The improvement in oil fundamentals remains fragile and continues to feature large offsetting forces,” Goldman Sachs said in a research note overnight, but predicted oil prices to remain in the $45-$50 range until mid-2017.

In Asia, Japan -1.1% to 16477. Hong Kong -0.2% to 22174. China +0.1% to 2994. India +0.7% to 28208.
In Europe, at midday, London -0.2%. Paris -0.1%. Frankfurt flat.
Futures at 6:20, Dow +0.1%. S&P +0.1%. Nasdaq flat. Crude -0.2% to $41.82. Gold +0.9% to $1347.
Ten-year Treasury Yield flat at 1.5%

(Source: Seeking Alpha)

Economic Calendar

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

PTG Trading

“The Song Remains The Same”…Led Zeppelin Even as the FED keeps interest rates unchanged. Some intra-day volatility has created decent trade opportunities but has not moved the needle of Average True Range, which is currently 13.35.

Today is Cycle Day 1 (CD1)…Norm is for some magnitude decline, but with the current multi-day range showing no particular direction bias, we simply get more of the same.

Range Projections and Key Levels: Sept (U) Contract

HOD Range Projection: 2174.50; LOD Range Projection: 2155.00; Cycle Day 1 Low: 2155.75; 3 Day Central Pivot: 2163.50; 3 Day Cycle Target: 2185.00; 10 Day Average True Range: 13.35

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

Click Here

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 penetrates and converts 2168 to upper support, THEN upside potential measures 2174.50 – 2179.50.

Scenario 2: IF price violates and converts 2152 to lower resistance, THEN potential downside measures 2146.50 down through 2135.50.

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

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

Good Trading…David

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

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

PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS

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

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

Trade Strategy 7.27.16

Markets

The Federal Reserve is expected to stand pat at its meeting today, bowing this time to global volatility from the U.K.’s Brexit vote after staying on hold since it raised rates in December. Central to the debate at the Fed’s policy meeting will be how to reconcile upbeat U.S. economic data, highlighted by strong job gains in June, with a slowdown in global growth and other headwinds threatening the inflation trajectory.

In Asia, Japan +1.7% to 16664. Hong Kong +0.4% to 2219. China -1.9% to 2992. India +0.2% to 28024.
In Europe, at midday, London +0.5%. Paris +1.5%. Frankfurt +0.8%.
Futures at 6:20, Dow +0.2%. S&P +0.2%. Nasdaq +0.7%. Crude -0.6% to $42.67. Gold flat at $1320.50.
Ten-year Treasury Yield flat at 1.56%

(Source: Seeking Alpha)

Economic Calendar

7:00 MBA Mortgage Applications
8:30 Durable Goods
10:00 Pending Home Sales
10:30 EIA Petroleum Inventories
11:30 Results of $15B, 2-Year FRN Auction
2:00 PM FOMC Announcement

PTG Trading

Not much to add in today’s Briefing…Price remains locked between 2152 – 2172 edges as volumes continue to be sub-par…10-day average range now stands at 12.75…Portfolio Managers are sifting through reams of corporate earnings reports. All this has resulted in lackluster trading and few opportunities for intra-day traders.

Today is Cycle Day 3 (CD3)…With FED Announcement on tap today @ 2 pm price action could simply go either way, though typically there is an upward drift in price ahead of policy releases.

Range Projections and Key Levels: Sept (U) Contract

HOD Range Projection: 2176.50; LOD Range Projection: 2151.75; Cycle Day 1 Low: 2155.75; 3 Day Central Pivot: 2163.50; 3 Day Cycle Target: 2185.00; 10 Day Average True Range: 12.75

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

Click Here

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 2166 handle, THEN primary objective is to convert 2172 handle to upper support.

Scenario 2: Violation and conversion of 2160 handle would qualify for initial sign of weakness…Should this occur primary objective for Bears is to force selling below 2152 – 2154 key support 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 7.26.16

Markets

U.S. futures are hugging the flatline as investors maintain a cautious tone ahead of a two-day FOMC meeting on interest rate policy. The Federal Reserve is all but certain to keep interest rates on hold, acknowledging improved economic prospects, but offering few hints about its next move. Markets are also feeling pressure with oil at three-month lows and another round of second-quarter corporate earnings.

In Asia, Japan -1.4% to 16383. Hong Kong +0.6% to 22129. China +1.1% to 3050. India -0.4% to 27976.
In Europe, at midday, London +0.3%. Paris -0.1%. Frankfurt +0.2%.
Futures at 6:20, Dow flat. S&P flat. Nasdaq flat. Crude -0.9% to $42.76. Gold +0.1% to $1320.60.
Ten-year Treasury Yield -1 bps to 1.55%

(Source: Seeking Alpha)

Economic Calendar

FOMC meeting begins
8:55 Redbook Chain Store Sales
9:00 S&P Case-Shiller Home Price Index
9:45 PMI Services Index Flash
10:00 Consumer Confidence
10:00 State Street Investor Confidence Index
10:00 Richmond Fed Mfg.
10:00 New Home Sales
1:00 PM Results of $34B, 5-Year Note Auction

PTG Trading

Cycle Day 1 (CD1) played out normally as price tested prior high and failed to find a firm bid. As such, early quiet selling leading to more aggressive selling when key support (2164) broke, pushing price down to test Cycle Day 1 Low (2155.25), which held firm.

Today is Cycle Day 2 (CD2)…Barring any break of new Cycle Low (2155.75) price is anticipated to remain relatively stable ahead of FOMC Announcement tomorrow. Price remains within its trading range between 2152 – 2172. Three-Day Central Pivot is 2163.

Range Projections and Key Levels: Sept (U) Contract

HOD Range Projection: 2177.50; LOD Range Projection: 2151.75; Cycle Day 1 Low: 2155.75; 3 Day Central Pivot: 2163.00; 3 Day Cycle Target: 2179.25; 10 Day Average True Range: 13.30

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

Click Here

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 holds above PL (2155.75), THEN 1st objective will be to convert 2163 to new support. Should this occur, upside targets 2172 upper edge of range.

Scenario 2: Violation of PL (2155.75) initially targets 2152 SPOT for support test…Failure to hold any such test opens door to a potentially deeper down move targeting 2148.50….2143.50 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

Trade Strategy 7.25.16

Markets

“We reiterate our determination to use all policy tools – monetary, fiscal and structural – to achieve our goal of strong, sustainable, balanced and inclusive growth,” leaders from the world’s top economies declared in a joint communique on Sunday following a conference in Chengdu, China. Whereas monetary policy figured prominently in previous meetings of G20 officials, discussions this time around focused on growth, as a result of Britain’s upcoming exit from the EU and fears of rising protectionism across the globe.

In Asia, Japan flat at 16620. Hong Kong +0.1% to 21993. China +0.1% to 3015. India +1.1% to 28095.
In Europe, at midday, London flat. Paris +0.7%. Frankfurt +0.9%.
Futures at 6:20, Dow flat. S&P flat. Nasdaq flat. Crude -0.6% to $43.94. Gold -0.5% to $1316.40.
Ten-year Treasury Yield +2 bps to 1.58%

(Source: Seeking Alpha)

Economic Calendar

10:30 Dallas Fed Manufacturing Survey
1:00 PM Results of $26B, 2-Year Note Auction

PTG Trading

“Summertime…Summertime…Sum…Sum…Summertime…” What more can we say…Hot temps…Low Volumes…Contracting Ranges (13.50). What’s a day trader to be excited about? Perhaps only the FOMC Meeting Announcement on Wednesday. Other than that it’s a snoozer…Enjoy the fine weather…Go to beach, lake, mountains…whatever your fancy…Enjoy Life!

Today is Cycle Day 1 (CD1)…Normal is for some type of decline…Key Range is currently marked between 2152 – 2172. Bears have not been able to stage a sustainable uprising…Best they have been able to do is push price back to where Bulls are in larger numbers eager to buy.

Range Projections and Key Levels: Sept (U) Contract

HOD Range Projection: 2177.25; LOD Range Projection: 2159.00; Cycle Day 1 Low: 2155.25; 3 Day Central Pivot: 2163.75; 3 Day Cycle Target: 2179.25; 10 Day Average True Range: 13.50

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

Click Here

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 2172 is converted to upper support, THEN upside is open to 2176 2179 zone.

Scenario 2: It would take a concerted and sustainable selling spree below 2152 to have any real effect on existing longs. Average Decline on CD1 is measured to 2148.50.

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

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

Good Trading…David

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

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

PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS

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

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

Trade Strategy 7.22.16

Markets

Business activity in the eurozone did not fall as much as expected in July, despite Brexit jitters and the Bastille Day massacre, as Markit’s flash PMI for the region dropped to 52.9 from June’s 53.1. But sterling fell 1% to $1.3104 after the British economy shrank at its steepest pace since early 2009, with the flash U.K. composite PMI falling to 47.7 from 52.4. “At this level, the survey is signaling a 0.4% contraction of the [U.K.] economy in Q3,” said Chris Williamson, chief economist at Markit.

In Asia, Japan -1.1% to 16627. Hong Kong -0.2% to 21964. China -0.9% to 3013. India +0.3% to 27803.
In Europe, at midday, London +0.5%. Paris +0.2%. Frankfurt -0.1%.
Futures at 6:20, Dow +0.2%. S&P +0.2%. Nasdaq +0.2%. Crude +0.2% to $44.83. Gold -0.5% to $1325.70.
Ten-year Treasury Yield +1 bps to 1.57%

(Source: Seeking Alpha)

Economic Calendar

9:45 PMI Manufacturing Index Flash
1:00 PM Baker-Hughes Rig Count

PTG Trading

S&P e-mini (ES) failed to clear and convert Cycle Day 2 High and subsequently violated 2164 key intra-day support, setting off a decline which took price lower to test Cycle Day 1 Low (2155.25).

Today is Cycle Day 3 (CD3)…Price is currently trading above CD1 Low (2155.25). Larger uptrend remains intact, though short-term consolidation continues to have reduced ranges and lower volumes. In other words, typical summertime trade. The current high/low range is marked between 2172 – 2152 handles.

Range Projections and Key Levels: Sept (U) Contract

HOD Range Projection: 2171.75; LOD Range Projection: 2148.75; Cycle Day 1 Low: 2155.25; 3 Day Central Pivot: 2160.75; 3 Day Cycle Target: 2179.25; 10 Day Average True Range: 15.77

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

Click Here

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 holds above CD1 Low (2155.25), THEN will mark positive 3 Day Cycle. Bulls objective will be to absorb any selling and force a push above 2172 handle.

Scenario 2: IF bears can force selling below key support (2152), low projections measure 2148 down to 2143 handles.

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 7.21.16

Markets

Traders are again shifting their focus to Europe, where the ECB will provide its first interest rate decision since the U.K. voted to leave the EU. Much like the Bank of England, the central bank is likely to wait for post-Brexit data to be released before making any significant policy decisions, but may tweak its bond-buying program. In addition to Brexit issues, Mario Draghi is likely to field questions about the ECB’s June TLTRO and Italy’s troubled banking sector.

In Asia, Japan +0.8% to 16810. Hong Kong +0.5% to 22000. China +0.4% to 3039. India -0.7% to 27711.
In Europe, at midday, London -0.3%. Paris -0.2%. Frankfurt flat.
Futures at 6:20, Dow -0.1%. S&P -0.1%. Nasdaq flat. Crude +0.3% to $45.87. Gold +0.1% to $1320.10.
Ten-year Treasury Yield +1 bps to 1.59%

(Source: Seeking Alpha)

Economic Calendar

8:30 Initial Jobless Claims
8:30 Philly Fed Business Outlook
8:30 Chicago Fed National Activity Index
9:00 FHFA House Price Index
9:45 Bloomberg Consumer Comfort Index
10:00 Existing 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

S&P Futures (ES) moved to the top part of its current range in prior session aided with the strength of Nasdaq, notably Microsoft (MSFT). Ranges and volumes continue to be lethargic during mid-summer trade as investors/traders remain focused on the plethora of earnings report releases. Bulls continue to have control as uptrend remains solidly in place.

Today is Cycle Day 2 (CD2)…There continues to be plenty of upside potential to reach 3D Cycle Target 2179.25. Key support zone 2152 – 54.

Range Projections and Key Levels: Sept (U) Contract

HOD Range Projection: 2179.00; LOD Range Projection: 2154.00; Cycle Day 1 Low: 2155.25; 3 Day Central Pivot: 2160.00; 3 Day Cycle Target: 2179.25; 10 Day Average True Range: 16.30

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

Click Here

Today’s Hypotheses: 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 converts PH (2169.75) to support, THEN upside is open to 2173.50, followed by 2178 – 80 zone.

Scenario 2: Currently it would take a concerted sell effort to violate multiple levels of support to shift price dynamics to bear-mode. Initial Pivot Support is located at 2160 3D Pivot, followed by 2152 – 52 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 7.20.16

Markets

The greenback is at a four-month high against a basket of currencies, bolstered by strong U.S. data and growing expectations the Fed may raise rates before the end of the year. The dollar index is up 0.2% at 97.271, its highest level since March 10. Fed funds futures rates now suggest a 40% chance of a rate hike in December, compared with less than 20% a few weeks ago.

In Asia, Japan -0.3% to 16682. Hong Kong +1% to 21882. China -0.3% to 3028. India +0.5% to 27916.
In Europe, at midday, London +0.3%. Paris +1.2%. Frankfurt +1.4%.
Futures at 6:20, Dow +0.4%. S&P +0.3%. Nasdaq +0.3%. Crude +0.3% to $45.59. Gold -0.5% to $1325.30.
Ten-year Treasury Yield +2 bps to 1.57%

(Source: Seeking Alpha)

Economic Calendar

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

PTG Trading

Not much new insight to yesterday’s comments as tightening ranges and below average volumes is the current action (or lack of)…Bears tried hard to orchestrate a selling coup, but in the end they failed as price is bouncing higher in overnight trade.

Today is Cycle Day 1 (CD1)…Failure of sellers to drive price lower sets up potential rally higher. It would take a concerted effort to violate and convert 2152 – 54 zone to resistance before any meaningful decline can develop.

Range Projections and Key Levels: Sept (U) Contract

HOD Range Projection: 2173.00; LOD Range Projection: 2149.50; Cycle Day 1 Low: 2149.00; 3 Day Central Pivot: 2155.75; 3 Day Cycle Target: 2179.25; 10 Day Average True Range: 17.92

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

Click Here

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 2166 handle to upper support, THEN upside objective targets 2170 – 2173 zone. Three-Day Average Cycle Target remains 2179.25.

Scenario 2: Violation and conversion of 2152 – 54 zone would be first Sign of Weakness (SOW)…IF this occurs, THEN lower levels to be mindful of are: 2149…2145 – 2142 STATX Zone. Average Decline on CD1 measures 2137.50.

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

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

Good Trading…David

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

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

PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS

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

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

Trade Strategy 7.19.16

Markets

Stocks are mostly lower and government bond prices higher as U.S. equity futures ease from record levels. “We’re now on to the next shiny new object and that’s earnings season,” said Paul Nolte, portfolio manager at Kingsview Asset Management. “As long as companies beat earnings estimates, investors will feel comfortable buying stocks.” But with grim Q2 results predicted by analysts, will traders continue the equity buying?

In Asia, Japan +1.4% to 16723. Hong Kong -0.6% to 21673. China -0.2% to 3037. India +0.2% to 27788.
In Europe, at midday, London -0.4%. Paris -1.2%. Frankfurt -1.2%.
Futures at 6:20, Dow -0.2%. S&P -0.3%. Nasdaq -0.3%. Crude -0.5% to $45.72. Gold +0.3% to $1333.20.
Ten-year Treasury Yield -4 bps to 1.54%

(Source: Seeking Alpha)

Economic Calendar

8:30 Housing Starts
8:55 Redbook Chain Store Sales

PTG Trading

Summertime trade has arrived, along with 90 degree temps. With ranges narrowing and volumes contracting, attention will now be on upcoming companies earning reports. Markets move from contraction and expansion phases…Past two session ranges have contracted producing dual-inside days.

Today is Cycle Day 3 (CD3)…There remains room to expand higher to vault to upper price targets, but first hurdle is to convert 2162 to new support. Violation of CD1 Low (2149.00) would be Sign of Weakness, though expectation is for continued responsive buying should any weakness develop.

Range Projections and Key Levels: Sept (U) Contract

HOD Range Projection: 2171.00; LOD Range Projection: 2141.00; Cycle Day 1 Low: 2149.00; 3 Day Central Pivot: 2155.50; 3 Day Cycle Target: 2179.25; 10 Day Average True Range: 19.88

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

Click Here

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 2162 handle, THEN primary objective is to push higher through 2164 – 2166 STATX Zone. Beyond this zone are upper targets: 2171, 2173.50, 2179.25.

Scenario 2: Violation and conversion of CD1 Low (2149) would be first SOW targeting 2125 – 2141 lower 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 7.18.16

Markets

The Istanbul 100 Index slid 5.1% this morning, while the Turkish lira rebounded 3% to 2.9274 vs. the greenback, following Friday’s failed coup attempt that left 290 people dead and over 6,000 arrested. NATO allies have thrown their support behind President Erdogan, but tension is still high over his demand to extradite a U.S.-based cleric whom he blamed for the overthrow attempt. Is the West shifting its stance of wanting a thriving democracy in countries like Turkey and Egypt, or at this point, does it just want strength and stability?

In Asia, Japan +0.7% to 16498. Hong Kong +0.7% to 21803. China -0.4% to 3044. India -0.3% to 27747.
In Europe, at midday, London +0.3%. Paris -0.4%. Frankfurt -0.2%.
Futures at 6:20, Dow +0.2%. S&P +0.2%. Nasdaq +0.2%. Crude -0.6% to $46.39. Gold -0.1% to $1326.80.
Ten-year Treasury Yield -2 bps to 1.57%

(Source: Seeking Alpha)

Economic Calendar

10:00 NAHB Housing Market Index
4:00 PM Treasury International Capital

PTG Trading

Friday’s Cycle Day 1 Session played out normally as residual strength initially pushed price higher forcing the last buyer to step in…The decline then began as long positioned traders took profits into options expiration. The decline was relatively shallow not violating any key support zone and as such the uptrend remains in effect.

Today is Cycle Day 2 (CD2)…Overnight trade is quiet with narrow range. Bulls objective is to not give up any gains and keep price stable within current uptrend. Three-Day Central Pivot Zone structure is solidly bullish and would take a conversion of 2146 – 36 zone to shift current dynamics.

Range Projections and Key Levels: Sept (U) Contract

HOD Range Projection: 2177.00; LOD Range Projection: 2137.00; Cycle Day 1 Low: 2149.00; 3 Day Central Pivot: 2151.00; 3 Day Cycle Target: 2172.00; 10 Day Average True Range: 19.55

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

Click Here

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 holds above PL (2149.00) THEN first objective would be to clear and convert 2159 to support, which would open door to retest 2066 – 69 zone.

Scenario 2: Violation and conversion of PL (2049.00) would be a pavement crack potentially leading to lower prices. Levels below to be mindful of are: 2144 handle, 2140 – 2137 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