Trade Strategy 12.30.16

Markets

The euro surged as much as 1.6% against the dollar overnight as a rush of computer-generated orders caught traders off guard. The sudden move started under $1.05 and algorithmic orders snowballed above that level, causing what little liquidity there was on the year’s last trading day to vanish. In minutes, the currency jumped to a high of $1.0653, forcing some dealers to take losses to cover positions.

In Asia, Japan -0.2%. Hong Kong +1%. China +0.2%. India +1%.
In Europe, at midday, London -0.3%. Paris -0.2%. Frankfurt -0.2%.
Futures at 6:20, Dow +0.2%. S&P +0.2%. Nasdaq +0.2%. Crude +0.1% to $53.83. Gold +0.2% to $1159.90.
Ten-year Treasury Yield flat at 2.48%

(Source: Seeking Alpha)

Economic Calendar 

9:45 Chicago PMI
1:00 PM Baker-Hughes Rig Count

PTG Trading

Expectation yesterday was for price to balance and stabilize between 2250 – 2245 zone…Price did exactly that as the range was approximately 10 handle between 2250 – 2240.

Today is Cycle Day 3 (CD3)…There is room for price to rally for year end, though there is a huge year-end equity/bond rebalance today, so could turn out to be a choppy confused session. 

Range Projections and Key Levels

HOD  ATR Range Projection: 2256.68; LOD ATR Range Projection: 2240.82; Cycle Day 1 Low: 2243.50; 3 Day Central Pivot: 2253.25; 3 Day Cycle Target: 2267.29; 10 Day Average True Range: 11.93

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

Click Here

Today’s Hypotheses: March 2017 (H) Contract

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

Scenario 1: Price will need to convert 2248 to upper support for rally to unfold.

Scenario 2: Violation and conversion of 2240 to lower resistance may force weak longs out by day’s (year) end.

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 12.29.16

Markets

The Santa rally has run out of steam. U.S. stocks declined on Wednesday in the second biggest loss since the election. The Dow opened just a short hop away from 20,000 but then lost 111 points, falling to 19,833, while the S&P 500 fell 18 to 2,249. Ripples from Wall Street have spread overseas overnight and U.S. futures are not looking too bright in the penultimate trading session of the year.

In Asia, Japan -1.3%. Hong Kong +0.2%. China -0.2%. India +0.6%.
In Europe, at midday, London -0.1%. Paris -0.1%. Frankfurt -0.2%.
Futures at 6:20, Dow -0.1%. S&P flat. Nasdaq -0.1%. Crude -0.5% to $53.78. Gold +0.5% to $1146.80.
Ten-year Treasury Yield -2 bps to 2.48%

(Source: Seeking Alpha)

Economic Calendar 

8:30 Initial Jobless Claims
8:30 International trade in goods
9:45 Bloomberg Consumer Comfort Index
10:30 EIA Natural Gas Inventory
11:00 EIA Petroleum Inventories
1:00 PM Results of $28B, 7-Year Note Auction
3:00 PM Farm Prices
4:30 PM Money Supply
4:30 PM Fed Balance Sheet

PTG Trading

Yesterday was textbook Cycle Day 1 (CD1) as price failed to clear CD3 high and violated 2260 handle, setting in motion anticipated decline reaching lower cycle range targets.

Today is Cycle Day 2 (CD2)…Current momentum is negative, so price will need to balance out between 2245 – 2250 zone and stabilize above 2243.50 (CD1 Low). 

Range Projections and Key Levels

HOD  ATR Range Projection: 2256.07; LOD ATR Range Projection: 2233.93; Cycle Day 1 Low: 2243.50; 3 Day Central Pivot: 2257.50; 3 Day Cycle Target: 2266.29; 10 Day Average True Range: 13.82

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

Click Here

Today’s Hypotheses: March 2017 (H) Contract

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

Scenario 1: Price will need to hold above PL (2243.50) and keep firm bid above 2245 handle for any rally to develop.

Scenario 2: Violation and conversion of PL (2243.50) keeps selling momentum intact with lower range targets measuring 2234 – 2230 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 12.28.16

Markets

It might be time to get on the party hats. Dow futures are up 0.2% after the blue-chip index yesterday came within 20 points of hitting 20,000. Its ongoing flirtation with the key level has become the talk of Wall Street, as only three more days remain for 2016 to claim the milestone – otherwise, assuming it comes to pass, it will be officially credited to 2017. At that level, the Dow’s year-to-date gain would total almost 15%.

In Asia, Japan flat. Hong Kong +0.8%. China -0.4%. India flat.
In Europe, at midday, London +0.4%. Paris flat. Frankfurt flat.
Futures at 6:20, Dow +0.2%. S&P +0.2%. Nasdaq +0.3%. Crude +0.5% to $54.18. Gold flat at $1139.10.
Ten-year Treasury Yield flat at 2.56%

(Source: Seeking Alpha)

Economic Calendar 

8:55 Redbook Chain Store Sales
10:00 Pending Home Sales
11:30 Results of $13B, 2-Year FRN Auction
1:00 PM Results of $34B, 5-Year Note Auction

PTG Trading

Early strength in AM Session reaching upper STATX Zone target outlined in prior DTS 12.27.16 Briefing lead to a slow drift lower during PM Session closing marginally positive for the day. Volume and Range continue to be anemic.

Today is Cycle Day 1 (CD1)…Markets are once again trying to lean upside pre-cash open in an attempt to clear the Dow 20000 level by year end. 

Range Projections and Key Levels

HOD  ATR Range Projection: 2274.60; LOD ATR Range Projection: 2253.40; Cycle Day 1 Low: 2251.00; 3 Day Central Pivot: 2259.00; 3 Day Cycle Target: 2275.73; 10 Day Average True Range: 13.60

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

Click Here

Today’s Hypotheses: March 2017 (H) Contract

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

Scenario 1: Bulls goal is to continue to keep firm bid and to reach 2275 – 2280 zone.

Scenario 2: Bears have been ineffective in forcing any meaningful decline..They would prefer price below 2250 support to force some selling for to cover short positions.

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 12.27.16

Markets

Global equities and U.S. futures are largely unchanged as some of the world’s major financial markets reopened following a long holiday weekend. Although trading is expected to be thin this week, some are saying that concerns about Italian banks, Chinese growth and an overplayed Trump rally may keep investors on edge into the start of 2017. Is a so-called Santa Claus rally still in the cards?

In Asia, Japan flat. Hong Kong closed. China -0.3%. India +1.6%.
In Europe, at midday, London closed. Paris flat. Frankfurt +0.1%.
Futures at 6:20, Dow flat. S&P flat. Nasdaq flat. Crude +0.3% to $53.17. Gold +1% to $1144.50.
Ten-year Treasury Yield +2 bps to 2.56%

(Source: Seeking Alpha)

Economic Calendar 

9:00 S&P Corelogic Case-Shiller Home Price Index
10:00 Richmond Fed Mfg.
10:00 Consumer Confidence
10:00 State Street Investor Confidence Index
10:30 Dallas Fed Manufacturing Survey
1:00 PM Results of $26B, 2-Year Note Auction

PTG Trading

Hope everyone had a wondrous Christmas Holiday. Prices are relatively quiet with a slight hint of upside lean. The annual Santa Claus Rally typically occurs during this week, as “thin to win” remains the main theme.

Today is Cycle Day 3 (CD3)…Three-Day Cycle Target measures 2275.73. 

Range Projections and Key Levels

HOD  ATR Range Projection: 2271.52; LOD ATR Range Projection: 2247.98; Cycle Day 1 Low: 2251.00; 3 Day Central Pivot: 2258.75; 3 Day Cycle Target: 2275.73; 10 Day Average True Range: 13.77

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

Click Here

Today’s Hypotheses: March 2017 (H) Contract

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

Scenario 1: Bulls want to push price back above 2262 handle and keep a bid for any rally to unfold. Initial upside targets 2266.50 – 2269.00 STATX Zone.

Scenario 2: Bears have been ineffective in forcing any meaningful decline..They would prefer price below 2250 support to force some selling for to cover short positions.

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 12.23.16

Markets

It’s hard to find a pulse in the currency market today as dealers pack up for the holidays, though the mood remains bullish for more dollar gains in the New Year. “Yields spreads should attract more capital into the USD,” said Ray Attrill, global co-head of forex at NAB. The dollar index is marginally higher at 103.05 and within striking distance of the week’s 103.65 peak.

In Asia, Japan closed. Hong Kong -0.3%. China -0.9%. India +0.3%.
In Europe, at midday, London -0.1%. Paris flat. Frankfurt flat.
Futures at 6:20, Dow flat. S&P flat. Nasdaq -0.1%. Crude -0.8% to $52.55. Gold +0.2% to $1132.80.
Ten-year Treasury Yield flat at 2.54%.

(Source: Seeking Alpha)

Economic Calendar 

10:00 New Home Sales
10:00 Reuters/UofM Consumer Sentiment
1:00 PM Baker-Hughes Rig Count
2:00 PM Bond markets close

PTG Trading

Prior session produced a normal Cycle Day 1 with a decline that successfully tested 2250 Key Support, then rallied back to close back at 2258.75 open range. Net net , a neutral consolidation session.

Today is Cycle Day 2 (CD2)…Expectation is for continued light pre-holiday trade with an upward lean. Bond Market closes early today, so most traders will effectively be gone by noon.

Range Projections and Key Levels

HOD  ATR Range Projection: 2271.95; LOD ATR Range Projection: 2246.30; Cycle Day 1 Low: 2251.00; 3 Day Central Pivot: 2261.25; 3 Day Cycle Target: 2275.73; 10 Day Average True Range: 14.70

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

Click Here

Today’s Hypotheses: March 2017 (H) Contract

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

Scenario 1: Bulls want to push price back above 2258 handle and keep a bid into the holiday.

Scenario 2: Bears have been ineffective in forcing any meaningful decline..They would prefer price below 2250 support to force some selling for to cover short positions.

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 12.22.16

Markets

Pre-market action suggests that the drive to hit 20,000 on the Dow may not happen so quickly, with thin trading expected as traders pack up for Christmas. But some of the year’s final economic reports could help turn the tide for stocks, after a lackluster session on Wednesday. Today’s data includes durable goods, the final Q3 GDP figure, jobless claims and personal income statistics.

In Asia, Japan -0.1%. Hong Kong -0.8%. China +0.1%. India -1%.
In Europe, at midday, London -0.2%. Paris -0.1%. Frankfurt -0.1%.
Futures at 6:20, Dow -0.1%. S&P -0.1%. Nasdaq -0.1%. Crude -0.5% to $52.22. Gold -0.2% to $1131.40.
Ten-year Treasury Yield +1 bps to 2.55%

(Source: Seeking Alpha)

Economic Calendar 

8:30 Durable Goods
8:30 Initial Jobless Claims
8:30 GDP Q3
8:30 Corporate Profits
8:30 Chicago Fed National Activity Index
9:00 FHFA House Price Index
9:45 Bloomberg Consumer Comfort Index
10:00 Personal Income and Outlays
10:00 Leading Indicators
10:30 EIA Natural Gas Inventory
11:00 Kansas City Fed Mfg Survey
4:30 PM Money Supply
4:30 PM Fed Balance Sheet

PTG Trading

Markets drifted lower in sub-par trading volume in prior session ahead of Christmas Holiday. Money Managers and Senior Traders have all but gone for the holiday, leaving the “electron trader” to take care of remaining business.

Today is Cycle Day 1 (CD1)…Normal is for decline, though magnitude is expected to be shallow. Key Over/Under Support remains 2250 handle.

Range Projections and Key Levels

HOD  ATR Range Projection: 2270.68; LOD ATR Range Projection: 2245.32; Cycle Day 1 Low: 2254.00; 3 Day Central Pivot: 2262.25; 3 Day Cycle Target: 2279.73; 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: March 2017 (H) Contract

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

Scenario 1: Bulls need to clear and convert 2266 to upper support for any higher rallies to occur.

Scenario 2: Bears want to keep price below 2266 and force selling below 2256 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 12.21.16

Markets

The Dow Jones industrial average is within striking distance of 20,000 and some investors believe that piercing that level would signal the recent rally may continue. The U.S. stock market as a whole has added $1.6T since the election of Donald Trump on bets that his plans for deregulation, tax cuts and infrastructure spending will boost the economy. The Dow first hit 10,000 in 1999.

In Asia, Japan -0.3%. Hong Kong +0.4%. China +1.1%. India -0.3%.
In Europe, at midday, London -0.2%. Paris -0.6%. Frankfurt -0.1%.
Futures at 6:20, Dow +0.1%. S&P flat. Nasdaq flat. Crude +0.6% to $53.64. Gold +0.1% to $1135.
Ten-year Treasury Yield flat at 2.56%

(Source: Seeking Alpha)

Economic Calendar 

7:00 MBA Mortgage Applications
10:00 Existing Home Sales
10:30 EIA Petroleum Inventories

PTG Trading

Volatility and price range continue to contract in pre-holiday trade, as overnight trade range is a meager 4 handles. Not much to add to today’s briefing, other than play “close-to-the-vest” and do not try making up for lost performance in the last few trading sessions of the year.

Use this time productively by doing a “year-end review” and make necessary changes in your trading plan that will move you closer to reaching your full potential as a futures trader.

Today is Cycle Day 3 (CD3)…Bulls continue to control the ball as price progressively inch ever closer to new highs. Santa has already delivered his “goodies”, but apparently is enjoying munching on cookies and milk. 

Range Projections and Key Levels

HOD  ATR Range Projection: 2281.95; LOD ATR Range Projection: 2250.05; Cycle Day 1 Low: 2254.00; 3 Day Central Pivot: 2260.50; 3 Day Cycle Target: 2278.95; 10 Day Average True Range: 17.70

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

Click Here

Today’s Hypotheses: March 2017 (H) 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: Key level to convert remains 2266 handle and push above 2269 – 2273 pivot high. IF this occurs, THEN upside is wide open to 2277.50 – 2280.75 STATX Zone and 3 Day Cycle Targets.

Scenario 2: Any violation and conversion of 2260- 2258 zone would be sign of weakness targeting CD1 Low 2254 down through 2250 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 12.20.16

Markets

The dollar is climbing back towards a 14-year high after Janet Yellen flagged strength in the U.S. jobs market, while fallout from attacks in Germany, Turkey and Switzerland are putting pressure on the euro, pushing the currency back below $1.04.

Many economists have predicted parity with the greenback for years, arguing that the dollar would appreciate as the Fed embarked upon a path of monetary-policy normalization, but those forecasts didn’t look likely to pan out until recently.

In Asia, Japan +0.5%. Hong Kong -0.5%. China -0.5%. India -0.3%.
In Europe, at midday, London +0.1%. Paris +0.4%. Frankfurt +0.1%.
Futures at 6:20, Dow +0.1%. S&P +0.2%. Nasdaq +0.1%. Crude +0.6% to $53.40. Gold -0.7% to $1135.10.
Ten-year Treasury Yield +2 bps to 2.56%

(Source: Seeking Alpha)

Economic Calendar 

8:55 Redbook Chain Store Sales

PTG Trading

As expected, prior session was relatively quiet with price trading “inside” the past five sessions. This “coiling” consolidation has worked off the overbought condition, setting up for an upside continuation rally to further potential new highs. As Christmas is fast approaching, trading volumes are expected to decline, as “thin-to-win” will have a greater affect on price.

Today is Cycle Day 2 (CD2)…Expectation today is for upside follow-through with potential upside targets 2273 handle, followed by 2278 – 2280 zone. Cycle Range High: 2282.97

Range Projections and Key Levels

HOD  ATR Range Projection: 2277.73; LOD ATR Range Projection: 2249.02; Cycle Day 1 Low: 2254.00; 3 Day Central Pivot: 2258.25; 3 Day Cycle Target: 2278.95; 10 Day Average True Range: 17.73

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

Click Here

Today’s Hypotheses: March 2017 (H) 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 2266 handle, THEN initial target is 2269.50, followed by test of 2272 – 2275.25 STATX Zone.

Scenario 2: IF price violates and converts 2258 handle to lower resistance, THEN downside is open to 2254, followed by 2250 – 2248 lower over/under 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 12.19.16

Markets

Donald Trump is set to seal his Presidential victory today as the electoral college meets for a vote that is usually routine but takes place this year amid allegations of election hacking by Russia. Its 538 members are due to cast their official votes and – despite attempts to persuade electors to vote against Trump – a reversal of November’s result is not expected.

In Asia, Japan -0.1%. Hong Kong -0.9%. China -0.2%. India -0.4%.
In Europe, at midday, London +0.1%. Paris -0.1%. Frankfurt flat.
Futures at 6:20, Dow +0.2%. S&P +0.1%. Nasdaq +0.1%. Crude +0.4% to $53.18. Gold +0.3% to $1141.10.
Ten-year Treasury Yield -1 bps to 1.58%

 (Source: Seeking Alpha)

Economic Calendar

9:45 PMI Services Index Flash
1:30 PM Janet Yellen speech

PTG Trading

Quad Options expiration is now past…Electoral College is set to confirm Trump as President-Elect…One week remaining to Christmas and Santa has already delivered on the proverbial “Santa Claus” Rally. So what’s left to do? Have fun and enjoy life!

Today is Cycle Day 1 (CD1)…Normal is for some magnitude decline, though expected quiet trade volumes may keep price ranges within normal parameters. Average True Range stands at 18.50 handles, which is historical norm. 2274 – 2242 is current Hi Lo range.

Range Projections and Key Levels

HOD  ATR Range Projection: 2274.25; LOD ATR Range Projection: 2242.25; Cycle Day 1 Low: 2243.00; 3 Day Central Pivot: 2257.25; 3 Day Cycle Target: 2282.00; 10 Day Average True Range: 18.50

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

Click Here

Today’s Hypotheses: March 2017 (H) 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 2266 handle to upper support, THEN expansion targeting 2274 – 2280 STATX Zone.

Scenario 2: Violation and conversion of 2250 handle targets 2242 – 2238 range lows. Lower STATX Zone between 2238 – 2233.

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 12.16.16

Markets

Global markets are stable overnight, and the euro, yen and pound all recover a bit of ground against the dollar, as the greenback surged to 14-year highs vs. the euro and a broader basket of currencies yesterday as markets repositioned for a faster pace of Fed rate hikes over the next year.

The yen has plunged 11% vs. the dollar since Pres.-elect Trump’s election victory last month, surpassing the Mexican peso’s 10% slide to become the worst performing major currency during the period. The weaker yen will make Japan’s exports more competitive and could boost growth, and the Nikkei index has gained for eight straight days, but bond prices have been under pressure amid a global debt selloff.

In China, fears that a rising dollar will destabilize trading in the yuan has sent the currency to its lowest against the dollar in more than eight years and raised concerns that outflows could increase.

In Asia, Japan +0.7% to 19401. Hong Kong -0.2% to 22020. China -0.2% to 10,075. India -0.1% to 26,489.In Europe, at midday, London +0.3%. Paris +0.5%. Frankfurt +0.3%.
Futures at 6:20, Dow +0.1%. S&P flat. Nasdaq +0.1%. Crude -0.6% to $51.67. Gold +0.60% to $1136.30.
Ten-year Treasury Yield -2 bps to 2.56%

 (Source: Seeking Alpha)

Economic Calendar

8:30 Housing Starts
10:00 Atlanta Fed’s Business Inflation Expectations
12:30 PM Fed’s Lacker speech
1:00 PM Baker-Hughes Rig Count

PTG Trading

Prices held above CD1 Low in prior session and rallied to reach 3 Day Cycle Target of 2266.50. Pullback mid-afternoon held price in check, closing at 2258.50, which was our Key Over/Under for the day.

Today is Cycle Day 3 (CD3)…Quad-Options Expiration may keep a lid on directional move today as “tug-o-war” centered around 2258 handle is expected. Bulls continue to have the edge, so play today tight to the vest.

Range Projections and Key Levels

HOD  ATR Range Projection: 2274.80; LOD ATR Range Projection: 2245.45; Cycle Day 1 Low: 2243.00; 3 Day Central Pivot: 2259.50; 3 Day Cycle Target: 2266.50; 10 Day Average True Range: 18.30

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

Click Here

Today’s Hypotheses: March 2017 (H) 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 (2267.75, THEN upside targets 2275 – 2299 zone. Possible cycle range high measures 2282.28.

Scenario 2: Violation and conversion of 2256 handle to lower resistance opens door to retest PL (2247.25). Breakdown of this level target 2244 – 2241 zone. Possible cycle range low measures 2238.

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