Trade Strategy 10.31.16

Markets 

Banking on a recovery in crude prices, General Electric (NYSE:GE) is merging its oil and gas business with Baker Hughes (NYSE:BHI), creating a large, listed player, that could compete with rivals like Schlumberger (NYSE:SLB). GE will own 62.5% of the new company, which will have combined revenue of $32B, while Baker Hughes shareholders will own 37.5% and get a special one-time cash dividend of $17.50 per share after the deal closes (expected in mid-2017). GE +1%; BHI +9.1% premarket.

In Asia, Japan -0.1% to 17425. Hong Kong -0.1% to 22934. China -0.1% to 3100. India flat at 27930.
In Europe, at midday, London -0.5%. Paris -0.7%. Frankfurt -0.4%.
Futures at 6:20, Dow +0.1%. S&P +0.1%. Nasdaq +0.3%. Crude -0.5% to $48.47. Gold -0.2% to $1274.80.
Ten-year Treasury Yield flat at 1.84%

(Source: Seeking Alpha)

Economic Calendar

8:30 Personal Income and Outlays
9:45 Chicago PMI
10:30 Dallas Fed Manufacturing Survey
3:00 Farm Prices

PTG Trading

Prior session was Cycle Day 1 (CD1) and with the decline in place the rebound rally which we anticipated, unfolded, reaching upside “layered” targets between 2130 – 2136. Actual high of day was 2135.25. News release of FBI reopening e-mails investigation sent markets in a tailspin within seconds…Fortunately PTG Traders were not caught on wrong side of that action.

Today is Cycle Day 2 (CD2)…Markets have recovered a bit reaching 2130.00 HOD ATR Range Level. Expectation today would be for some back n fill type trade within a larger downtrend context. It would take a price shift above 2136 handle to change the current trend dynamics.

Range Projections and Key Levels

HOD Range Projection: 2129.50; LOD Range Projection: 2115.75; Cycle Day 1 Low: 2112.50; 3 Day Central Pivot: 2129.50; 3 Day Cycle Target: 2130.00; 10 Day Average True Range: 14.77

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

Click Here

Today’s Hypotheses: September (Z) Contract

*****The levels outlined below are more general framework within a larger range…They are to be used are reference prices from which to consider trade opportunities, not hard trade levels.

Scenario 1: IF price can hold above 2123 handle, THEN initial upside is 2130 confluence level, followed by 2135.25 – 2137.75 STATX Zone.

Scenario 2: Violation and conversion of 2123 handle to lower resistance opens door for a retest of CD1 Low (2112.50). Below this level potentially forces long liquidation targeting 2101 CD2 Maximum Violation Level.

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

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

Good Trading…David

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

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

PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS

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

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

Trade Strategy 10.28.16

Markets 

Crude futures are largely unchanged at almost $50 a barrel ahead of an OPEC technical meeting which starts in Vienna today. But oil prices are set for their biggest weekly loss since mid-September on concerns that member nations won’t be able to agree on an output deal. Venezuela’s Oil Minister Eulogio del Pino announced earlier this week that 12 non-OPEC states have also been invited to the gathering.

In Asia, Japan +0.6% to 17446. Hong Kong -0.8% to 22954. China -0.3% to 3104 India +0.1% to 27941.
In Europe, at midday, London flat. Paris +0.3%. Frankfurt -0.2%.
Futures at 6:20, Dow +0.1%. S&P +0.1%. Nasdaq +0.1%. Crude -0.3% to $49.57. Gold -0.2% to $1266.70.
Ten-year Treasury Yield flat at 1.85%

(Source: Seeking Alpha)

Economic Calendar

8:30 GDP Q3
8:30 Employment Cost Index
10:00 Consumer Sentiment
1:00 PM Baker-Hughes Rig Count

PTG Trading

Having reached prior cycle targets opened the door for the decline to occur which began on Cycle Day 3. Bond market weakness (rising rates) was the main culprit along side recent negative earnings reports from high-profile tech companies.

Today is Cycle Day 1 (CD1)…The decline which normally is expected on CD1 has already occurred with targets having been reached and exceeded. As such, a rebound-rally may begin at any time. Should sellers reappear during cash session, lower target levels measure 2115.50 – 2110.00.

Range Projections and Key Levels

HOD Range Projection: 2130.00; LOD Range Projection: 2115.50; Cycle Day 1 Low: 2135.25; 3 Day Central Pivot: 2135.00; 3 Day Cycle Target: 2157.00; 10 Day Average True Range: 14.18

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

Click Here

Today’s Hypotheses: September (Z) 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 rebounding approximately 10 handles from deep overnight low at 2116.00. Bulls will need to secure this low from additional selling waves. Further strength above 2126 handle will help bulls stabilize current bear attack. There is overhead resistance layered between 2130 – 2136.

Scenario 2: IF price violates and converts PL (2122.50) to lower resistance during cash session, THEN long liquidation may unfold with lower targets measures 2115.50 – 2110.00.

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 10.27.16

Markets 

The British economy grew by a much better-than-expected 0.5% in the third quarter, the first time impacts from the Brexit vote could fully be analyzed. The dominant services industry, which accounts for almost 80% of the economy, was once again the driving force, expanding by 0.8%. Initial predictions of doom post-Brexit have yet to materialize – with the exception of the crashing pound – and economic data has broadly held up well.

In Asia, Japan -0.3% to 17336. Hong Kong -0.8% to 23132. China -0.1% to 3112. India +0.3% to 27915.
In Europe, at midday, London -0.1%. Paris -0.3%. Frankfurt -0.1%.
Futures at 6:20, Dow +0.2%. S&P +0.2%. Nasdaq +0.2%. Crude +0.5% to $49.44. Gold +0.4% to $1271.
Ten-year Treasury Yield +4 bps to 1.83%

(Source: Seeking Alpha)

Economic Calendar

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

PTG Trading

Bulls defended 2128 key support in prior session early forcing quick rally with positive EIA report in the oil patch. Retest support later in session found continued buying interest.

Today is Cycle Day 3 (CD3)…Expectation is for price rally today above the Cycle Day 1 Low (2135.25) to notch a Positive 3 Day Rally. Key support zone is now marked 2128 – 2130.

Range Projections and Key Levels

HOD Range Projection: 2143.50; LOD Range Projection: 2123.75; Cycle Day 1 Low: 2135.25; 3 Day Central Pivot: 2138.75; 3 Day Cycle Target: 2157.00; 10 Day Average True Range: 15.18

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

Click Here

Today’s Hypotheses: September (Z) 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 (2140.00), THEN upside measure 2143.50 – 2147.00 HOD ATR Range Projection.

Scenario 2: IF price violates and converts 2135.25, THEN downside measures 2130 – 28 support zone. Violation of this zone opens door to 2125.50 – 2123.50 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 10.26.16

Markets 

Apple’s soggy post-earnings performance, a flood of other earnings news and weaker oil prices are weighing on equities, with U.S. stock index futures swimming in the red. Of the 150 S&P companies that have reported so far, 75.3% have beaten analyst expectations, but poor corporate forecasts appear to be the negative catalyst behind the share pullback and others feel the results haven’t been good enough.

Apple -3.4% premarket after the tech giant reported its first decline in annual revenues in over a decade, but forecast a return to growth next quarter. Meanwhile, iPhone sales continued their decline, falling 5% from the previous year, although that’s an improvement from the 15% drop seen in fiscal Q3. Apple’s (NASDAQ:AAPL) cash pile also continued to swell to a record of over $237B – if that was its own public company it would be the world’s fourteenth largest.

In Asia, Japan +0.2% to 17391. Hong Kong -1% to 23325. China -0.5% to 3116. India -0.9% to 27836.
In Europe, at midday, London -0.9%. Paris -0.8%. Frankfurt -1.1%.
Futures at 6:20, Dow -0.5%. S&P -0.4%. Nasdaq -0.6%. Crude -1.5% to $49.22. Gold -0.1% to $1271.90.
Ten-year Treasury Yield +2 bps to 1.77%

(Source: Seeking Alpha)

Economic Calendar

7:00 MBA Mortgage Applications
8:30 International trade in goods
9:45 PMI Services Index Flash
10:00 New Home Sales
10:30 EIA Petroleum Inventories
11:30 Results of $15B, 2-Year FRN Auction
1:00 PM Results of $34B, 5-Year Note Auction

PTG Trading

Prior Session was textbook Cycle Day 1 as decline unfolded pushing price down to 2128.75, which is the expected Average Decline Level on CD1. In overnight trade price is hovering around this level attempting to find a secure low.

Today is Cycle Day 2 (CD2)…Current momentum favors bears early as price is below CD1 Low (2135.25) trading near average cycle decline level (2128.75). Price will need to stabilize above 2123 – 25 zone to secure a low. Violation and conversion of this zone projects a push down to 2122 – 2118 STATX Zone.

Range Projections and Key Levels

HOD Range Projection: 2153.50; LOD Range Projection: 2120.50; Cycle Day 1 Low: 2135.25; 3 Day Central Pivot: 2138.75; 3 Day Cycle Target: 2153.50; 10 Day Average True Range: 14.98

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

Click Here

Today’s Hypotheses: September (Z) Contract

*****The levels outlined below are more general framework within a larger range…They are to be used are reference prices from which to consider trade opportunities, not hard trade levels.

Scenario 1: IF price can stabilize above 2128 handle, THEN initial upside objective is to recapture 2135.25 (CD1 Low) and convert to support. Should this occur further upside measures 2138 – 2141 zone.

Scenario 2: Violation and conversion of 2128 handle to lower resistance opens door for additional selling targeting 2125 – 2123 zone, followed by 2120.50 LOD ATR Range Projection.

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

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

Good Trading…David

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

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

PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS

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

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

Trade Strategy 10.25.16

Markets 

The largest S&P 500 stock by market capitalization – Apple (NASDAQ:AAPL) – is the highlight of today’s earnings reports. The Q4 results will offer the first peek into sales of the new iPhone 7 and the extra business the company is getting due to Samsung’s (OTC:SSNLF) troubles with the Galaxy Note 7. It’s a busy week for the tech giant. On Thursday, it will unveil updates to the Mac line, beefing up what is still an important unit for Apple in the mobile era.

In Asia, Japan +0.8% to 17365. Hong Kong -0.2% to 23565. China +0.1% to 3131. India -0.3% to 28091.
In Europe, at midday, London +0.4%. Paris +0.1%. Frankfurt +0.3%.
Futures at 6:20, Dow +0.1%. S&P +0.1%. Nasdaq +0.2%. Crude +0.7% to $50.86. Gold -0.4% to $1269.10.
Ten-year Treasury Yield +2 bps to 1.78%

(Source: Seeking Alpha)

Economic Calendar

8:55 Redbook Chain Store Sales
9:00 FHFA House Price Index
9:00 S&P Case-Shiller Home Price Index
10:00 Consumer Confidence
10:00 Richmond Fed Mfg.
10:00 State Street Investor Confidence Index
1:00 PM Results of $26B, 2-Year Note Auction
1:20 PM Fed’s Lockhart speech

PTG Trading

Bulls took away all the fun for day-traders in prior session by gapping higher and trading in a narrow 8 handle range all day.

Today is Cycle Day 1 (CD1)…Normal is for some type of decline developing…Failure to clear PH (2149) and violation of 2142 would open door for expected decline.

Range Projections and Key Levels

HOD Range Projection: 2161.50; LOD Range Projection: 2132.25; Cycle Day 1 Low: 2126.75; 3 Day Central Pivot: 2137.25; 3 Day Cycle Target: 2153.00; 10 Day Average True Range: 17.48

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

Click Here

Today’s Hypotheses: September (Z) 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 (2149) to upper support, THEN expansion targets measure 2156 through 2161.50 HOD Range Projection.

Scenario 2: Violation and conversion of 2142 handle opens door to deeper decline targeting 2138.25 – 2136.25 3 Day Central Pivot Zone. Below this zone targets 2132.25…2128.75…2125 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 10.24.16

Markets 

Markit’s manufacturing PMI for the eurozone rose to a 30-month high of 53.3, topping estimates of 52.6. Germany’s print of 55.1 was a 33-month high, and France’s of 51.3 was the strongest in 10 months. Meanwhile in Spain, the re-election of Prime Minister Mariano Rajoy was assured after the Socialist party decided not to block him from forming a minority government. While the ending of gridlock is good news, it’s still a minority government, and likely to be weak and unstable. Europe’s Stoxx 600 is higher by 0.5%, led by Spain’s 1.3% advance.

In Asia, Japan +0.3% to 1723. Hong Kong +1.0% to 23604. China -0.3% to 9983. India +0.4% to 28201.
In Europe, at midday, London +0.1%. Paris +0.7%. Frankfurt +0.8%.
Futures at 6:20, Dow +0.4%. S&P +0.4%. Nasdaq +0.6%. Crude +0.01% to $50.85. Gold -0.06% to $1267.00.
Ten-year Treasury Yield Flat at 1.73%

(Source: Seeking Alpha)

Economic Calendar

8:30 Chicago Fed National Activity Index
9:00 Fed’s Dudley: “Evolving Structure of the U.S. Treasury Market”
9:05 Fed’s Bullard speech
9:45 PMI Manufacturing Index Flash
1:45 PM Fed’s Powell: “Future of the settlement process for Treasury market”

PTG Trading

Early push lower for a successful test the Cycle Day 1 Low (2126.75) lead to afternoon rally achieving initial upside objective outlined in Scenario 1 of DTS Briefing 10.21.16. ” Scenario 1: IF price holds at or above CD1 Low (2126.75), THEN initial upside objective is 2134 – 2136 Pivot Zone. Above this zone is open to retest PH (2144.50).”

Today is Cycle Day 3 (CD3)…Continuation of prior session’s rally has pushed price to 3 Day Average Cycle Target 2145.50 and 2147.00 CD3 Maximum Penetration Level.

Bullish momentum may spill over into cash session extending gains, though the next decline may begin at any time since average target objectives have been achieved.

Range Projections and Key Levels

HOD Range Projection: 2152.50; LOD Range Projection: 2129.75; Cycle Day 1 Low: 2126.75; 3 Day Central Pivot: 2134.75; 3 Day Cycle Target: 2153.00; 10 Day Average True Range: 17.67

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

Click Here

Today’s Hypotheses: September (Z) Contract

*****The levels outlined below are more general framework within a larger range…They are to be used are reference prices from which to consider trade opportunities, not hard trade levels.

Scenario 1: Price has cleared prior high (2138.50) in overnight trade and has pushed up to 2147 CD3 Max Penetration Level…Average price target objectives have been achieved. Price will need to continue to power through 2147 and convert to upper support. IF this unfolds, THEN additional upside measures 2152 – 2153 ATR Range and STATX Levels.

Scenario 2: Initial Sign of Weakness (SOW) will be violation and conversion of PH (2138.50) to resistance. IF this unfolds, THEN lower levels to be mindful of for buy response are: 2135.75 – 2133.75 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 10.21.16

Markets

Microsoft’s shares climbed 5.4% premarket and topped the stock’s all-time high of $59.56 after its FQ1 earnings exceeded expectations and sales of its cloud platform Azure more than doubled. EPS came in at $0.76 while revenue rose 3% to $22.3B and reversed five quarters of declines, although net profit dropped to $4.69B from $4.9B a year earlier.

In Asia, Japan -0.3% to 17185. Hong Kong closed. China +0.7% to 9831. India -0.2% to 28077.
In Europe, at midday, London +0.2%. Paris -0.1%. Frankfurt +0.1%.
Futures at 6:20, Dow -0.3%. S&P -0.3%. Nasdaq -0.1%. Crude +0.55% to $50.91. Gold -0.2% to $1265.05.
Ten-year Treasury Yield + 1bps to 1.76%.

(Source: Seeking Alpha)

Economic Calendar

10:15 Daniel Tarullo speech
1:00 PM Baker-Hughes Rig Count

PTG Trading

Today is Cycle Day 2 (CD2)…Normal Neutral (back n fill)…Prior session trade was whippy as corporate earnings and options expiration snapped futures prices up and down, but at settlement price was effectively unchanged.

Potential exists today for similar action with testing of CD1 Low for security. Bulls need to clear 2138 – 40 zone for upside expansion…Bears need to convert 2126 – 28 to lower resistance for lower expansion…Currently stalemate.

Range Projections and Key Levels

HOD Range Projection: 2147.20; LOD Range Projection: 2120.00; Cycle Day 1 Low: 2126.75; 3 Day Central Pivot: 2134.25; 3 Day Cycle Target: 2145.50; 10 Day Average True Range: 18.45

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

Click Here

Today’s Hypotheses: September (Z) Contract

*****The levels outlined below are more general framework within a larger range…They are to be used are reference prices from which to consider trade opportunities, not hard trade levels.

Scenario 1: IF price holds at or above CD1 Low (2126.75), THEN initial upside objective is 2134 – 2136 Pivot Zone. Above this zone is open to retest PH (2144.50).

Scenario 2: IF price violates and converts CD1 Low (2126.75) to lower resistance, THEN downside measures 2120, followed by 2114.00.

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 10.20.16

Markets

Saudi Arabia has raised $17.5B in the largest ever bond sale by an emerging-market country as it looks to reduce its $97B budget deficit. The government could have raised even more, with Bloomberg reporting that it received orders of $67B. The debt issue is part of Saudi Arabia’s plan to open up its $650B economy and lower its massive reliance on oil.

In Asia, Japan +1.4% to 17236. Hong Kong +0.3% to 23374. China +0.1%to 9760. India +0.5% to 28130.
In Europe, at midday, London flat. Paris +0.3%. Frankfurt +0.3%.
Futures at 6:20, Dow +0.2%. S&P +0.1%. Nasdaq +0.1%. Crude -1% to $51.32. Gold flat at $1270.25.
Ten-year Treasury Yield flat at 1.76%.

(Source: Seeking Alpha)

Economic Calendar

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

PTG Trading

Today is Cycle Day 1 (CD1)…Normal is for a decline to develop…Price pushed marginally higher in overnight trade and has been rejected at 2144 STATX Zone currently trading below PH (2142.50). Average Decline if fully develops measures 2120 handle. Bulls remain in control above 2134.50 – 2135.75 Central Pivot Zone. Violation and conversion of this zone to resistance increase probabilities of lower prices.

Range Projections and Key Levels

HOD Range Projection: 2154.50; LOD Range Projection: 2126.25; Cycle Day 1 Low: 2116.75; 3 Day Central Pivot: 2129.75; 3 Day Cycle Target: 2138.00; 10 Day Average True Range: 18.35

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

Click Here

Today’s Hypotheses: September (Z) 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 (2142.50), THEN upside expansion measures 2150 – 2154 zone.

Scenario 2: Initial Sign of Weakness (SOW) would be violation and conversion of 2135.75 CPZ to resistance. IF this occurs, THEN lower levels measure 2129.75 3D CPZ, followed by 2126.25 LOD ATR Range Projection.

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

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

Good Trading…David

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

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

PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS

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

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

Trade Strategy 10.19.16

Markets

China’s GDP growth remained at 6.7% on year in Q3, as expected, boosted by yet more government spending, record bank lending and an over-heating property market, all of which are adding to the massive debt in the country. “Economic activity seems to be holding up reasonably well,” said economist Julian Evans-Pritchard. “Nonetheless, the recent recovery is ultimately on borrowed time given that it has been driven in large part by faster credit growth and a property market boom, both of which policy makers are now working to rein in.”

In Asia, Japan +0.2% to 16999. Hong Kong +0.6% to 23260. China -0.1% to 9748. India -0.2% to 27984.
In Europe, at midday, London -0.1%. Paris -0.1%. Frankfurt -0.2%.
Futures at 6:20, Dow flat. S&P -0.05%. Nasdaq -0.2%. Crude +1.45% to $51.02. Gold +0.7% to $1271.25.
Ten-year Treasury Yield -1 bps to 1.74%.

(Source: Seeking Alpha)

Economic Calendar

7:00 MBA Mortgage Applications
8:30 Housing Starts
10:00 Atlanta Fed’s Business Inflation Expectations
10:30 EIA Petroleum Inventories
2:00 PM Fed’s Beige Book

PTG Trading

Today is Cycle Day 3 (CD3)…20 Cycle Average Target’s have already been achieved as price reached the 2136 – 2138 zone in fine fashion during prior session. Bulls have “ball control” above the 3 Day Central Pivot (2128.00)…There remains potential energy to exceed prior high (2139.75) and power up to 2145.50 HOD Range Projection.

Range Projections and Key Levels

HOD Range Projection: 2145.50; LOD Range Projection: 2116.50; Cycle Day 1 Low: 2116.75; 3 Day Central Pivot: 2128.00; 3 Day Cycle Target: 2138.00; 10 Day Average True Range: 18.13

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

Click Here

Today’s Hypotheses: September (Z) Contract

*****The levels outlined below are more general framework within a larger range…They are to be used are reference prices from which to consider trade opportunities, not hard trade levels.

Scenario 1: IF price holds at or above 2128, THEN initial objective will be to clear and convert PH (2139.75) to upper support. Upside targets should this occur are: 2142.75 – 2145.50 confluence zone.

Scenario 2: IF price violate and converts 2128 handle, THEN open trap door down to 2121 – 219.75 STATX Zone, with deep extreme measuring 2116 handle.

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

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

Good Trading…David

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

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

PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS

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

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

Trade Strategy 10.18.16

Markets

Global equities were higher at the time of writing as a weakening dollar helped strengthen oil prices, thereby boosting global sentiment, and ahead of U.S. CPI data this morning. Inflation is expected to have risen to 1.5% on year in September from 1.1% in August. The figures will come after Fed Vice-Chair Stanley Fischer said yesterday that the central bank is “very close” to its targets of full U.S. employment and 2% inflation. Fischer also expressed concerns about low interest rates.

In Asia, Japan +0.4% to 16964. Hong Kong +1.55% to 23394. China +1.3%to 9758.4. India +1.9% to 28051.
In Europe, at midday, London +1%. Paris +1.1%. Frankfurt +1.2%.
Futures at 6:20, Dow +0.4%. S&P +0.5%. Nasdaq +0.6%. Crude +1.1% to $54.49. Gold +0.5% to $1263.3.
Ten-year Treasury Yield -1 bps to 1.76%.

(Source: Seeking Alpha)

Economic Calendar

8:30 Consumer Price Index
8:55 Redbook Chain Store Sales
10:00 NAHB Housing Market Index
4:00 PM Treasury International Capital

PTG Trading

Low volume narrow range with higher low has setup a “rally spring” which has vaulted price higher in overnight trade to 2136.00 Average 3 Day Cycle Rally Target.

Today is Cycle Day 2 (CD2)…With a secure low and higher low in place the rally has now begun initially targeting 2136 handle with 2143 and secondary target.

Range Projections and Key Levels

HOD Range Projection: 2139.50; LOD Range Projection: 2116.50; Cycle Day 1 Low: 2116.75; 3 Day Central Pivot: 2125.00; 3 Day Cycle Target: 2136.00; 10 Day Average True Range: 19.15

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

Click Here

Today’s Hypotheses: September (Z) 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 (2130), THEN initial objective measure 2136, followed by 2139.50 – 2144.25 STATX Zone.

Scenario 2: IF price violates CD1 Low (2116.75), THEN lower target measures 2106.25 CD2 Maximum Violation Level.

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

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

Good Trading…David

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

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

PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS

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

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