Trade Strategy 1.31.17

Markets

Economic growth for the eurozone rose 1.7% last year, growing at a faster rate than the U.S. managed when averaged across the whole of 2016. That’s the first time that happened since 2008. The region’s jobless rate also fell to 9.6%, the lowest figure since May 2009, while inflation of 1.8% is now near the ECB’s target of “close to, but below 2%.” Stock appetite is back on in Europe, as less stimulus could mean investment in riskier assets.

In Asia, Japan -1.7%. Hong Kong closed. China closed. India -0.7%.
In Europe, at midday, London +0.5%. Paris +0.4%. Frankfurt +0.2%.
Futures at 6:20, Dow -0.2%. S&P -0.2%. Nasdaq -0.2%. Crude -0.3% to $52.45. Gold +0.5% to $1201.40.
Ten-year Treasury Yield flat at 2.48%

(Source: Seeking Alpha)

Economic Calendar 

FOMC meeting begins
8:30 Employment Cost Index
8:55 Redbook Chain Store Sales
9:00 S&P Corelogic Case-Shiller Home Price Index
9:45 Chicago PMI
10:00 Consumer Confidence
10:00 State Street Investor Confidence Index
3:00 Farm Prices

PTG Trading

Price continued this cycle’s decline bottoming out at 2263.25 deep low projection mid morning and by settlement price had rebounded back to 2276 pairing early losses.

Today is Cycle Day 3 (CD3)…Key for this Cycle is to auction price back above 2287 (CD1 Low) to notch a Positive 3 Day Cycle. Failure to achieve this objective casts a near-term shadow on bullish case.

Range Projections and Key Levels

HOD  ATR Range Projection: 2282.65; LOD ATR Range Projection: 2262.10; Cycle Day 1 Low: 2287.00; 3 Day Central Pivot: 2287.00; 3 Day Cycle Target: 2310.46; 10 Day Average True Range: 14.65

**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 convert GBX Open (2276.00) to solid support then make a run to 2287.00 closing the open gap.

Scenario 2: Bears will need to continue pressing below GBX Open (2276.00) and force sellers back below 2268.00 (ONL) for a retest of prior low (2263.25).

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 1.30.17

Markets

U.S. equity index futures are down about 0.3%, while the dollar weakened slightly, following President Trump’s executive order on immigration, which clamped down on refugee admissions and temporarily banned travelers from seven predominantly Muslim countries. “America is a proud nation of immigrants… but we will do so while protecting our own citizens and border,” he said in a statement. “This is not about religion.” Adding to pressure on markets, data on Friday showed U.S. economic growth slowed more than expected in Q4, with GDP rising at a 1.9% annual rate.

In Asia, Japan -0.5%. Hong Kong closed. China closed. India -0.1%.
In Europe, at midday, London -0.7%. Paris -0.9%. Frankfurt -0.8%.
Futures at 6:20, Dow -0.2%. S&P -0.2%. Nasdaq -0.3%. Crude +0.4% to $53.36. Gold +0.1% to $1192.60.
Ten-year Treasury Yield flat at 2.48%

(Source: Seeking Alpha)

Economic Calendar 

8:30 Personal Income and Outlays
10:00 Pending Home Sales
10:30 Dallas Fed Manufacturing Survey

PTG Trading

Prior Session (Cycle Day 1) was normal with decline unfolding with 2283 as average decline target. In overnight trade price is currently trading at 2283 in quiet turnover.

Today is Cycle Day 2 (CD2)…Price is searching for a secure low from which to stage next rally…With price below the CD1 Low (2287.00) lower probing for new low may continue. It would take a penetration above 2287 and conversion above 2291.25 (3D CPZ) reverse the current down swing. Lower targets measures 2275 – 2273 zone.

Range Projections and Key Levels

HOD  ATR Range Projection: 2293.48; LOD ATR Range Projection: 2273.27; Cycle Day 1 Low: 2287.00; 3 Day Central Pivot: 2291.25; 3 Day Cycle Target: 2306.96; 10 Day Average True Range: 12.48

**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 auction price back above 2287.00 (CD1 Low) to reverse the current down swing. Further conversion above 2291.25 3D CPZ to shift back to bullish momentum.

Scenario 2: Bears need to keep price below 2287.00 (CD1 Low) and continue to force selling down to 2275 – 2273 lower target 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 1.27.17

Markets

The U.S. economy likely ended 2016 with a mild groan more than a rousing cheer, at least according to the government’s end-of-year report card. Gross domestic product is forecast to taper off to 2.2% in Q4, meaning the U.S. will have gone an 11th straight year without reaching 3% GDP. The Commerce Department will report the figures at 8:30 a.m. ET.

In Asia, Japan +0.3%. Hong Kong -0.1%. China +0.3%. India +0.6%.
In Europe, at midday, London +0.1%. Paris -0.4%. Frankfurt -0.2%.
Futures at 6:20, Dow flat. S&P flat. Nasdaq flat. Crude -0.6% to $53.44. Gold -0.4% to $1184.70.
Ten-year Treasury Yield flat at 2.51%

(Source: Seeking Alpha)

Economic Calendar 

8:30 GDP Q4
8:30 Durable Goods
10:00 Consumer Sentiment
1:00 PM Baker-Hughes Rig Count

PTG Trading

Prices consolidated in prior session holding above 2288 Pivot as buyers remain enthusiastic with optimism on the rise. Current price patterns are not supportive of a top as bears would like to suggest but more of a pause to digest recent gains. 

Today is Cycle Day 1 (CD1)…Normal is for a decline with average downside targeting 2283.30 which matches nicely with 3 Day Central Pivot.

Range Projections and Key Levels

HOD  ATR Range Projection: 2303.45; LOD ATR Range Projection: 2284.30; Cycle Day 1 Low: 2259.50; 3 Day Central Pivot: 2284.75; 3 Day Cycle Target: 2314.46; 10 Day Average True Range: 12.45

**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 convert 2294.50 to new support to get continuation rally targeting 2303.45 – 2308 zone.

Scenario 2: Bears must at minimum convert 2290 handle to resistance and push lower below 2288 handle. Average Decline on CD1 measures 2283.50.

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

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

Good Trading…David

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

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

PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS

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

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

Trade Strategy 1.26.17

Markets

The Dow took almost 103 years to reach 10,000 in March 1999, and another 17 years to double. But the last 1,000 points to reach the 20,000 milestone took just 42 trading days. The blue-chip index has been propelled by President Trump’s moves to promote infrastructure projects and cut regulation, while recording the all-time high during his first week in office. As a whole, the U.S. stock market has gained $2T in wealth since Election Day.

In Asia, Japan +1.8%. Hong Kong +1.4%. China +0.3%. India +1.2%.
In Europe, at midday, London +0.2%. Paris +0.1%. Frankfurt +0.5%.
Futures at 6:20, Dow +0.2%. S&P +0.1%. Nasdaq +0.2%. Crude +0.3% to $52.92. Gold -0.5% to $1191.90.
Ten-year Treasury Yield +1 bps to 2.53%

(Source: Seeking Alpha)

Economic Calendar 

8:30 Initial Jobless Claims
8:30 International trade in goods
8:30 Chicago Fed National Activity Index
9:45 Bloomberg Consumer Comfort Index
9:45 PMI Services Index Flash
10:00 New Home Sales
10:00 Leading Indicators
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

Markets continued their “Trump Bump” rally in prior session as financials and consumer discretionary groups were strong leaders. S&P e-mini (ES) has now rallied 47.75 handles from 2251.75 low set on January 23rd.

Today is Cycle Day 3 (CD3)…Positive 3 Day Rally is firmly in-place, so as such a corrective decline could begin at anytime. Central Pivot Zone is between 2288 – 2285 as first line of support.

Range Projections and Key Levels

HOD  ATR Range Projection: 2305.65; LOD ATR Range Projection: 2285.60; Cycle Day 1 Low: 2259.50; 3 Day Central Pivot: 2273.50; 3 Day Cycle Target: 2282.22; 10 Day Average True Range: 13.90

**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 has extended gains in overnight to 2300 handle and will need to keep the bid alive to pusher higher. Additional upside targets measure 2303.52 – 2305.65.

Scenario 2:  Bears need to halt any further advance from bulls and push for a violation back below PH (2295.25). Downside levels to be mindful of are: 2291…2288…2285 for renewed buy response.

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

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

Good Trading…David

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

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

PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS

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

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

Trade Strategy 1.25.17

Markets

Investors are cheering President Trump’s new executive orders clearing the path for the Keystone XL and Dakota Access Pipelines, two controversial projects blocked under Obama. Energy shares also rallied following actions that rolled back regulations and environmental rules to boost infrastructure projects. That left the S&P 500 and Nasdaq at new record closing highs yesterday and the Dow within 100 point of the elusive 20,000. U.S. futures are now all up by 0.3%.

In Asia, Japan +1.4%. Hong Kong +0.4%. China +0.2%. India +1.2%.
In Europe, at midday, London +0.2%. Paris +1%. Frankfurt +1.3%.
Futures at 6:20, Dow +0.3%. S&P +0.3%. Nasdaq +0.3%. Crude -1% to $52.65. Gold -0.6% to $1204.
Ten-year Treasury Yield +1 bps to 2.48%

(Source: Seeking Alpha)

Economic Calendar 

7:00 MBA Mortgage Applications
9:00 FHFA House Price Index
10:30 EIA Petroleum Inventories
1:00 PM Results of $15B, 2-Year FRN Auction
1:00 PM Results of $34B, 5-Year Note Auction

PTG Trading

Compression leads to expansion as markets finally broke out to the upside from its recent range. Scenario 1 (bullish) laid out in prior DTS Briefing 1.24.17 played out perfectly as price reached projected target zone.

Today is Cycle Day 2 (CD2)…3 Day Average Rally Target of 2282.22 has been achieved, though current momentum can push price higher still. STATX Zone between 2282.50 – 2285.00 may reveal some responsive sellers looking to take profits.

Range Projections and Key Levels

HOD  ATR Range Projection: 2288.20; LOD ATR Range Projection: 2268.80; Cycle Day 1 Low: 2259.50; 3 Day Central Pivot: 2266.25; 3 Day Cycle Target: 2282.22; 10 Day Average True Range: 13.45

**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 have the ball with momentum which may continue to push higher with measured targets between 2285.50 – 2290 handles.

Scenario 2:  Bears need to halt the momentum and turn back buyers below PH (2280.50) to have any chance of reversal. Initial lower target measures 2275.50 (GBX Open) 

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 1.24.17

Markets

Business activity in eurozone eased slightly in January according to Markit’s flash composite PMI, which fell to 54.3 from 54.4 in December. Nonetheless the reading was one of the highest over the past five-and-a-half years. It “signals respectable quarterly GDP growth of 0.4% with a broad-based expansion across both manufacturing and services,” said Chris Williamson, chief economist at IHS Markit.

In Asia, Japan -0.6%. Hong Kong +0.2%. China +0.2%. India +1%.
In Europe, at midday, London +0.2%. Paris +0.1%. Frankfurt +0.2%.
Futures at 6:20, Dow +0.1%. S&P flat. Nasdaq flat. Crude flat at $52.75. Gold -0.3% to $1212.20.
Ten-year Treasury Yield +3 bps to 2.43%

(Source: Seeking Alpha)

Economic Calendar 

8:55 Redbook Chain Store Sales
9:45 PMI Manufacturing Index Flash
10:00 Existing Home Sales
10:00 Richmond Fed Mfg.
1:00 PM Results of $26B, 2-Year Note Auction

PTG Trading

Today is Cycle Day 1 (CD1)…Normal is for some magnitude decline, though prior session did push lower to successfully test 2250 key support and sharply bounced back 12 handles. Was that the test for a “secure-low”? Average Decline for CD1 measures 2250, which is “key support”.

Range Projections and Key Levels

HOD  ATR Range Projection: 2272.45; LOD ATR Range Projection: 2251.30; Cycle Day 1 Low: 2253.00; 3 Day Central Pivot: 2262.50; 3 Day Cycle Target: 2279.17; 10 Day Average True Range: 12.95

**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 fend off any additional selling and push through and convert 2266 to upper support. IF successful, THEN 2270 key resistance” is likely to be tested. Upper targets measure 2275 – 2280 zone.

Scenario 2:  Bears need to push back below 2256 – 58 zone and retest 2250 handle for surety. IF they can force selling, lower targets measure 2245 – 2240 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 1.23.17

Markets

The greenback is giving up some gains against a backdrop of uncertainty surrounding the new president’s policies, as well as his recent remarks about the impact of dollar strength. Trump’s inaugural address on Friday highlighted his “America first” mantra, but disappointed investors hoping for details on his plans to stoke growth, spend on infrastructure and reduce taxes.

In Asia, Japan -1.3%. Hong Kong +0.1%. China +0.4%. India +0.3%.
In Europe, at midday, London -0.4%. Paris -0.3%. Frankfurt -0.4%.
Futures at 6:20, Dow -0.1%. S&P -0.1%. Nasdaq -0.2%. Crude -1.4% to $52.49. Gold +0.5% to $1211.
Ten-year Treasury Yield flat at 2.47%

(Source: Seeking Alpha)

Economic Calendar 

No events scheduled.

PTG Trading

Today is Cycle Day 3 (CD3)…Price continues to trade within recent boundaries 2250 – 2270 range. Perhaps this week traders get a resolution on bull/bear stalemate. Possible Range Low projects 2244 handle. Possible Range High projects 2280 handle.

Range Projections and Key Levels

HOD  ATR Range Projection: 2270.27; LOD ATR Range Projection: 2254.23; Cycle Day 1 Low: 2253.00; 3 Day Central Pivot: 2263.75; 3 Day Cycle Target: 2279.17; 10 Day Average True Range: 12.27

**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 must convert 2270 to upper support to get range expansion targeting 2280 – 82 zone.

Scenario 2:  Bears must convert 2250 to lower resistance to get any meaningful decline targeting 2244- 42 zone. First hurdle is break down of 2260 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 1.20.17

Markets

It’s the final countdown… Last minute preparations are underway for Inauguration Day, as Donald Trump will be sworn in as the 45th President of the United States. Executive actions are also in focus as Trump looks to roll back a number of President Obama’s policies on his first day in office. But with a lack of exact details and priorities, Wall Street and the dollar have been trading in a tight range in recent sessions.

In Asia, Japan +0.3%. Hong Kong -0.7%. China +0.7%. India -1%.
In Europe, at midday, London +0.1%. Paris +0.4%. Frankfurt +0.2%.
Futures at 6:20, Dow +0.1%. S&P +0.2%. Nasdaq +0.3%. Crude +1.3% to $52.78. Gold -0.2% to $1199.60.
Ten-year Treasury Yield +4 bps to 2.5%

(Source: Seeking Alpha)

Economic Calendar 

9:00 Fed’s Harker Speech
1:00 PM Baker-Hughes Rig Count
1:00 PM Fed’s Williams Speech

PTG Trading

Bears were successful in prior session forcing sell-stops below 2258 – 60 zone pushing price down to 2253, near Average Decline  (2251) for Cycle Day 1. Bulls came roaring back, pushing price back to 2265 level now in pre-cash trade. Net effect is neutral price action into options expiration. We had opined in DTS Briefing 1.18.17 “Direction may be resolved into next week once traders get past this month’s expiration.” 

Today is Cycle Day 2 (CD2)…Expectation for today is for more neutral as final option premiums decay to worthlessness. Key price boundaries remains 2250 – 2270 which have been for past month.

Range Projections and Key Levels

HOD  ATR Range Projection: 2273.52; LOD ATR Range Projection: 2255.23; Cycle Day 1 Low: 2253.00; 3 Day Central Pivot: 2262.50; 3 Day Cycle Target: 2283.63; 10 Day Average True Range: 12.77

**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 still need to clear and convert 2270 decisively to upper support to get upside expansion. Targets are: 2275.25…2280…2283.50.

Scenario 2:  Bears must re-convert 2260 handle to lower resistance and go after 2250 spot to get longs worried. They were marginally successful in prior session, but could not hold the lows.

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

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

Good Trading…David

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

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

PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS

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

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

Trade Strategy 1.19.17

Markets

The key event for today is the ECB meeting in Frankfurt, where the central bank will deliver its first policy decision since extending the run of QE in December. Since then, eurozone inflation has risen sharply, while Germany has called for the bank to bring its ultra-accommodative bond buying to an end. No changes are expected at a rate decision due at 7:45 a.m. ET, but markets will be closely watching Mario Draghi’s press conference 45 minutes later.

In Asia, Japan +0.9%. Hong Kong -0.2%. China -0.3%. India +0.2%.
In Europe, at midday, London -0.5%. Paris -0.2%. Frankfurt -0.1%.
Futures at 6:30, Dow -0.1%. S&P -0.1%. Nasdaq -0.1%. Crude +0.6% to $52.21. Gold -0.8% to $1202.30.
Ten-year Treasury Yield +5 bps to 2.43%

(Source: Seeking Alpha)

Economic Calendar 

8:30 Housing Starts
8:30 Initial Jobless Claims
8:30 Philly Fed Business Outlook
9:45 Bloomberg Consumer Comfort Index
10:00 Fed’s Williams Speech
10:30 EIA Natural Gas Inventory
11:00 EIA Petroleum Inventories
4:30 PM Money Supply
4:30 PM Fed Balance Sheet
8:00 PM Janet Yellen speech

PTG Trading

S&P 500 e-min (ES) continues to struggle getting any type of traction as it appears “pinned” between 2270 – 2260 as volatility and range are near their historical low levels. 

Today is Cycle Day 1 (CD1)…Normal is for some type of decline, though it’s difficult to get a good handle on the next breakout direction. Average Decline on CD1 measures down to 2251, (225 Strike) which by the way is yet another large Open Interest Open Strike Price.

Range Projections and Key Levels

HOD  ATR Range Projection: 2273.75; LOD ATR Range Projection: 2256.00; Cycle Day 1 Low: 2265.00; 3 Day Central Pivot: 2264.50; 3 Day Cycle Target: 2283.51; 10 Day Average True Range: 12.25

**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 must convert 2268 – 70 zone to upper support to get an upside breakout, which measures 2279 – 2283.50 zone.

Scenario 2:  Bears must convert 2260 to lower resistance to force sellers targeting 2251 – 2248.50 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 1.18.17

Markets

Investors are awaiting Janet Yellen’s speech to the Commonwealth Club in San Francisco later today, which could offer clues about the direction of policy. The Fed looks poised to pick up the pace of interest-rate hikes this year, especially if incoming President Donald Trump makes good on his promise to deliver tax cuts and fiscal stimulus that could spur growth.

In Asia, Japan +0.4%. Hong Kong +1.1%. China +0.1%. India +0.1%.
In Europe, at midday, London +0.1%. Paris -0.5%. Frankfurt +0.1%.
Futures at 6:20, Dow +0.1%. S&P +0.1%. Nasdaq +0.1%. Crude -1.3% to $52.55. Gold -0.2% to $1211.
Ten-year Treasury Yield +3 bps to 2.36%

(Source: Seeking Alpha)

Economic Calendar 

7:00 MBA Mortgage Applications
8:30 Consumer Price Index
8:55 Redbook Chain Store Sales
9:15 Industrial Production
10:00 NAHB Housing Market Index
10:00 Fed’s Kashkari speech
2:00 PM Fed’s Beige Book
3:00 PM Janet Yellen speech
4:00 PM Treasury International Capital

PTG Trading

Price successfully tested 2258 “key support” in prior session and has since bounced back to 2265.00 (5 Day POC). Bulls & Bears continue to battle for control as the stalemate continues into Options Expiration. Big SPY Strikes with largest Open Interest are: 225, 226, 227. Direction may be resolved into next week once traders get past this month’s expiration.

Today is Cycle Day 3 (CD3)…Price remains range bound oscillating around 2265 handle which is weekly Point of Control. Bulls need expansion above 2270 and bears need a break below 2250.

Range Projections and Key Levels

HOD  ATR Range Projection: 2274.13; LOD ATR Range Projection: 2255.63; Cycle Day 1 Low: 2265.00; 3 Day Central Pivot: 2266.25; 3 Day Cycle Target: 2287.95; 10 Day Average True Range: 12.88

**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 2270 handle, THEN upside expansion initially measure 2275.25 – 2278.75 STATX Zone. Cycle Range measures 2283.55 – 2274.75.

Scenario 2:  Bears need to kills 2260 (Strike) to get any lower expansion. IF successful. THEN downside to 2255 – 2250 is open target.

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

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

Good Trading…David

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

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

PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS

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

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