Trade Strategy 2.28.17

Markets

Saudi Arabia wants crude prices to rise to around $60 a barrel this year, according to oil industry sources. That’s the level the OPEC heavyweight and its Gulf allies believe would encourage investment in new fields but not lead to a jump in U.S. shale output. Crude prices have risen by 10% since the November output cut pact, although they’re still only trading around $54 a barrel despite record compliance.

In Asia, Japan +0.1%. Hong Kong -0.8%. China +0.4%. India -0.2%.
In Europe, at midday, London +0.1%. Paris +0.1%. Frankfurt -0.1%.
Futures at 6:20, Dow +0.1%. S&P flat. Nasdaq flat. Crude -0.2% to $53.92. Gold -0.4% to $1254.
Ten-year Treasury Yield flat at 2.36%

(Source: Seeking Alpha)

Economic Calendar 

8:30 GDP Q4
8:30 International trade in goods
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 Richmond Fed Mfg.
10:00 State Street Investor Confidence Index
3:00 Farm Prices
3:00 PM Fed’s Harker: Economic Outlook
3:30 PM Fed’s Williams: Economic Outlook
6:30 PM Fed’s Bullard: U.S. Monetary and Economic Policy

PTG Trading

Indexes notched yet another new high in low volatility trade as Cycle Day 1 only produced a very shallow decline, as has been the case throughout this “Power Cycle”. Markets appear to be in “quiet-mode” ahead of President Trump’s address to Congress.

Today is Cycle Day 2 (CD2)…There is plenty of room to continue to rally should price convert 2368.25 – 2370 STATX Zone, which was outlined as potential resistance in prior Daily Trade Strategy 2.27.17

Range Projections and Key Levels

HOD  ATR Range Projection: 2377.73; LOD ATR Range Projection: 2356.52; Cycle Day 1 Low: 2361.00; 3 Day Central Pivot: 2362.25; 3 Day Cycle Target: 2385.30; 10 Day Average True Range: 12.23

**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 2370 to upper support, THEN upside is open to 2378.00 HOD Range Projection.

Scenario 2:  IF price violates and converts 2360 to lower resistance, THEN bears have an opening to press, targeting 2356.50 LOD 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 2.27.17

Markets

In Asia, Japan -0.9%. Hong Kong -0.2%. China -0.8%. India -0.3%.
In Europe, at midday, London +0.2%. Paris -0.1%. Frankfurt +0.1%.
Futures at 6:20, Dow flat. S&P flat. Nasdaq -0.1%. Crude +0.6% to $54.32. Gold -0.1% to $1256.90.
Ten-year Treasury Yield +1 bps to 2.33%

(Source: Seeking Alpha)

Economic Calendar 

8:30 Durable Goods
10:00 Pending Home Sales
10:30 Dallas Fed Manufacturing Survey

PTG Trading

The sell-off from Thursday’s high to Friday’s low is the largest since February 2. On Friday’s sell-off, the S&P fell below the lows of the past two sessions and found support on top of the February 15 high. The upward reversal created another spring that should push prices to new highs.

Today is Cycle Day 1 (CD1)…Price has pushed above PH (2365.75) during overnight session and has fallen back below. Odds typically favor some magnitude decline on CD1 with the average being 12.89 which is essentially the ATR (10) value measuring 2352.75.

Range Projections and Key Levels

HOD  ATR Range Projection: 2375.38; LOD ATR Range Projection: 2357.13; Cycle Day 1 Low: 2355.25; 3 Day Central Pivot: 2360.50; 3 Day Cycle Target: 2385.00; 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:  Bulls need to continue to hold bid and convert PH (2365.75) to upper support to keep up momentum intact. Initial resistance is 2368.25 – 2370 STATX Zone. Above this zone measures 2375.38 HOD Range Projection.

Scenario 2:  Bears need  to convert 2356 to initial lower resistance, then attack the 2350 key support handle. Cycle Range Low measures 2347.31.

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 2.24.17

Markets

Nothing’s gonna stop us now? The Dow finished with a more than 30-point gain on Thursday, hitting its tenth record closing high in a row and matching the best streak of consecutive records since 1987. Futures are heading lower today, but that could change during the session. Hopes for tax cuts and a rollback on regulations from President Trump are helping fuel the rally, with investors also excited about big federal infrastructure spending.

In Asia, Japan -0.5%. Hong Kong -0.6%. China +0.1%. India closed.
In Europe, at midday, London -0.7%. Paris -1.4%. Frankfurt -1.4%.
Futures at 6:20, Dow -0.3%. S&P -0.4%. Nasdaq -0.5%. Crude -0.6% to $54.15. Gold +0.6% to $1258.50.
Ten-year Treasury Yield -2 bps to 2.37%

(Source: Seeking Alpha)

Economic Calendar 

10:00 New Home Sales
10:00 Consumer Sentiment
1:00 PM Baker-Hughes Rig Count

PTG Trading

Markets produced their first lower high in prior session, offering hopeful bears a “risk-marker” from which to establish new short positions. Whether this will be short-lived or not, only time will tell…but for now it’s refreshing to see some dominant selling.

Today is Cycle Day 3 (CD3)…Failure to produce a higher high now sets up a sell condition for the market to test prior lower support pivots. There is now a build-up of sell stops below recent lows and bears are hungry to force weak longs out.

Range Projections and Key Levels

HOD  ATR Range Projection: 2363.95; LOD ATR Range Projection: 2349.00; Cycle Day 1 Low: 2355.25; 3 Day Central Pivot: 2359.75; 3 Day Cycle Target: 2378.00; 10 Day Average True Range: 12.70

**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 will need to hold 2348 – 2350 zone on any pullback and push price back above 2360 handle to keep ball control.

Scenario 2:  Bears need to convert 2348 – 50 zone to lower resistance in order to force selling of weak longs. Lower levels of interest are: 2346 – 2342 handles. 

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

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

Good Trading…David

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

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

PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS

IMPORTANT NOTICE! No representation is being made that the use of this strategy or any system or trading methodology will generate profits. Past performance is not necessarily indicative of future results. There is substantial risk of loss associated with trading securities and options on equities. Only risk capital should be used to trade. Trading securities is not suitable for everyone.

Disclaimer: Futures, Options, and Currency trading all have large potential rewards, but they also have large potential risk. You must be aware of the risks and be willing to accept them in order to invest in these markets. Don’t trade with money you can’t afford to lose.

This website is neither a solicitation nor an offer to Buy/Sell futures, options, or currencies. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.

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

Trade Strategy 2.23.17

Markets

While it wasn’t a blowout quarter by any stretch – earnings growth is tracking about 7.5%, according to Thomson Reuters, only a below-average 1.5% improvement on the estimate at the start of Q4. But along with 5% revenue growth, the figure is nothing to sneeze at. Further policy optimism on Wall Street and among corporate management has helped boost full-year estimates for 2017 as well.

In Asia, Japan flat. Hong Kong -0.4%. China -0.3%. India +0.1%.
In Europe, at midday, London -0.1%. Paris +0.1%. Frankfurt flat.
Futures at 6:20, Dow flat. S&P flat. Nasdaq flat. Crude +1.4% to $54.33. Gold +0.5% to $1239.50.
Ten-year Treasury Yield -1 bps to 2.4%

(Source: Seeking Alpha)

Economic Calendar 

8:30 Initial Jobless Claims
8:30 Chicago Fed National Activity Index
9:00 FHFA House Price Index
9:45 Bloomberg Consumer Comfort Index
10:30 EIA Natural Gas Inventory
11:00 EIA Petroleum Inventories
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

S&P e-mini (ES) was unable to notch a higher high in prior session giving the bears some hope of a possible downturn but, they were also unable to produce a lower low. With price solidly trading above uptrending 3 Day Central Pivot Zone bulls remain firmly in control.

Today is Cycle Day 2 (CD2)…Prior session (CD1) only produced a shallow, less than average decline, as this “power cycle” appears unstoppable. With no clear resistance overhead upside price potential remains open to measured targets ranging form 2372 – 2380 zone. To the downside 2350 remains an open marker for the bears to kill.

Range Projections and Key Levels

HOD  ATR Range Projection: 2372.00; LOD ATR Range Projection: 2350.75; Cycle Day 1 Low: 2355.25; 3 Day Central Pivot: 2356.75; 3 Day Cycle Target: 2378.00; 10 Day Average True Range: 13.00

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

Click Here

Today’s Hypotheses: 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 2364 SPOT to upper support, THEN initial upside targets 2372 – 2374 upper STATX Zone, followed by 2378 – 2380.

Scenario 2: IF price violates and converts 2356 handle to lower resistance, this would be first sign of weakness, THEN targeting 2350 – 2346 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 2.22.17

Markets

More rate hike clues? The Federal Reserve will publish the minutes of its Jan. 31 – Feb. 1 meeting at 2 p.m. ET. Janet Yellen indicated in testimony before Congress last week that a rate increase at the central bank’s March policy meeting is in play – given signs of rising inflation and a tightening labor force – but market-implied probabilities show a 43% chance of a rate hike next month.

In Asia, Japan flat. Hong Kong +1%. China +0.2%. India +0.4%.
In Europe, at midday, London +0.1%. Paris -0.1%. Frankfurt +0.1%.
Futures at 6:20, Dow flat. S&P -0.1%. Nasdaq flat. Crude -0.4% to $54.13. Gold -0.1% to $1237.90.
Ten-year Treasury Yield -1 bps to 2.41%

(Source: Seeking Alpha)

Economic Calendar 

7:00 MBA Mortgage Applications
8:55 Redbook Chain Store Sales
10:00 Existing Home Sales
11:30 Results of $13B, 2-Year FRN Auction
1:00 PM Results of $34B, 5-Year Note Auction
1:00 PM Fed’s Powell: Economic Outlook and Monetary Policy
2:00 PM FOMC minutes

PTG Trading

Indexes reached their respective 3 Day Cycle Targets in prior session as this “Power Cycle” Swing has traveled 100.50 unanswered handles since February 2nd.

Today begins Cycle Day 1 (CD1)…Normal is for some magnitude decline to unfold with an Average Decline measuring 2151.44 matching up with 3 Day Central Pivot zone between 2352.75 – 2350.25.

Range Projections and Key Levels

HOD  ATR Range Projection: 2368.60; LOD ATR Range Projection: 2350.40; Cycle Day 1 Low: 2322.17; 3 Day Central Pivot: 2351.50; 3 Day Cycle Target: 2362.68; 10 Day Average True Range: 13.35

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

Click Here

Today’s Hypotheses: 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 will need to convert 2364 “key marker” to upper support to continue the upward thrust. HOD Range Projection measures 2368.60. 

Scenario 2: Failure to convert 2364 and subsequent violation and conversion of 2358 to solid resistance opens door for decline with minimum objective measuring 2351.50. Below 2348 – 2346 zone bears begins to have edge to press for lower prices with 2342 – 2240 targeted.

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 2.21.17

Markets

In Asia, Japan +0.7%. Hong Kong -0.8%. China +0.4%. India +0.4%.
In Europe, at midday, London flat. Paris +0.3%. Frankfurt +0.5%.
Futures at 6:20, Dow +0.3%. S&P +0.2%. Nasdaq +0.3%. Crude +1.6% to $54.66. Gold -0.7% to $1230.80.
Ten-year Treasury Yield +3 bps to 2.45%

(Source: Seeking Alpha)

Economic Calendar 

9:45 PMI Manufacturing Index Flash
12:.00 PM Fed’s Harker: Economic Outlook
1:00 PM Results of $26B, 2-Year Note Auction

PTG Trading

S&P e-mini (ES) produced new high during shortened holiday session, albeit on low volume participation. Shortening of the thrust (range) will need to be confirmed in order to shift the probabilities in favor of the bears, as there has been no sign of tiring from the bull camp.

Today is Cycle Day 3 (CD3)…Follow-through or failure?…That is the question. Price will need to convert PH (2356.75) to continue upwards initially targeting 2358.85 minimum 3 Day Cycle Target. Failure to convert with subsequent violation and conversion of 2346 handle would suggest possible short-term high risk-marker for the bears.

Range Projections and Key Levels

HOD  ATR Range Projection: 2362.10; LOD ATR Range Projection: 2341.15; Cycle Day 1 Low: 2322.17; 3 Day Central Pivot: 2347.00; 3 Day Cycle Target: 2362.68; 10 Day Average True Range: 13.10

**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 (2356.75), THEN initial upside targets 2358.85, followed by 2361.10 HOD Range Projection.

Scenario 2: Violation and conversion of ONL (2349.00) would be initial sign of weakness…Further conversion of 2347.00 – 2346.00 3 Day Central Pivot Zone would confirm holiday high as risk-marker. Initial downside targets 2341.15 LOD 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 2.17.17

Markets

In Asia, Japan -0.6%. Hong Kong -0.3%. China -0.9%. India +0.6%.
In Europe, at midday, London +0.2%. Paris -0.8%. Frankfurt -0.2%.
Futures at 6:20, Dow -0.2%. S&P -0.2%. Nasdaq -0.1%. Crude -0.5% to $53.49. Gold flat at $1241.10.
Ten-year Treasury Yield -2 bps to 2.42%

(Source: Seeking Alpha)

Economic Calendar 

10:00 E-Commerce Retail Sales
10:00 Leading Indicators
1:00 PM Baker-Hughes Rig Count

PTG Trading

Indexes finally found some meaningful supply as price was unable to sustain a higher bid…As such sellers found an opening to take profits. Buyers did step-in near 2338 prior pivot and absorbed the early selling, settling at midpoint, notching a neutral consolidation day.

Today is Cycle Day 1 (CD1)…Normal is for some magnitude decline…Violation below 2338 would likely created more selling. Options expiration and a long three-day holiday may have traders departing early for the ski slopes and warm sandy beaches.

Range Projections and Key Levels

HOD  ATR Range Projection: 2350.90; LOD ATR Range Projection: 2333.60; Cycle Day 1 Low: 2322.17; 3 Day Central Pivot: 2340.00; 3 Day Cycle Target: 2359.34; 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: IF price clears and converts 2346 handle, THEN upside retest of PH (2350.75) for HOD Range Projection.

Scenario 2: Failure to convert 2346 to support and subsequent violation/conversion of 2338 to lower resistance gives bears an opening to press for 2333.60 LOD 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 2.16.17

Markets

Two days of testimony from a more hawkish Janet Yellen has cemented the idea that the U.S. central bank will raise interest rates by midyear if not sooner. Yellen also said she opposes an intrusion on the Fed’s independence after House Financial Services Committee Chairman Jeb Hensarling announced a plan to include congressional audits of interest rate policy. “It would result in poor economic performance,” she said during the hearing.

In Asia, Japan -0.5%. Hong Kong +0.5%. China +0.5%. India +0.5%.
In Europe, at midday, London -0.5%. Paris -0.5%. Frankfurt -0.4%.
Futures at 6:20, Dow -0.2%. S&P -0.2%. Nasdaq -0.1%. Crude +0.5% to $53.86. Gold +0.5% to $1238.80.
Ten-year Treasury Yield -3 bps to 2.47%

(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
10:30 EIA Natural Gas Inventory
4:30 PM Money Supply
4:30 PM Fed Balance Sheet

PTG Trading

S&P e-mini (ES) continued to rally in prior session, reaching and exceeding all upside cycle targets outlined in prior DTS Briefing 2.15.17. This “Power-Cycle” that we have labeled continues to amaze and frustrate even the most veteran trader.

Today is Cycle Day 3 (CD3)…As stated above, all targets have been fulfilled…As such, residual momentum can continue to push higher, though the next decline can begin anytime. It would take a violation and conversion below 2232 – 2230 zone to effectuate a sign of weakness.

Range Projections and Key Levels

HOD  ATR Range Projection: 2359.65; LOD ATR Range Projection: 2336.85; Cycle Day 1 Low: 2322.17; 3 Day Central Pivot: 2332.75; 3 Day Cycle Target: 2345.92; 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: IF price clears and converts PH (2351.50) to support, THEN upside expansion targets measure 2358 – 2361.50 zone HOD Range Projection.

Scenario 2: IF price violates and converts 2341.50 to resistance, THEN downside initially targets 2332 – 2330 3 Day Central Pivot Zone. Trade below this zone constitutes a structural sign of weakness opening door for deeper correction.

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 2.15.17

Markets

Two of today’s key reports – retail sales and the Consumer Price Index – may provide more clues than Janet Yellen about how soon the Fed could raise interest rates. The Chair testifies for a second day, this time before the House Financial Services Committee, following her comments on Tuesday that helped drive stocks to new highs. “Waiting too long for accommodation would be unwise,” she said when pressed on rate hike timing. “I would say every meeting would be live.”

In Asia, Japan +1%. Hong Kong +1.2%. China +0.2%. India -0.7%.
In Europe, at midday, London +0.4%. Paris +0.5%. Frankfurt +0.2%.
Futures at 6:30, Dow +0.1%. S&P -0.1%. Nasdaq flat. Crude -0.5% to $52.93. Gold +0.2% to $1227.30.
Ten-year Treasury Yield +1 bps to 2.48%

(Source: Seeking Alpha)

Economic Calendar 

7:00 MBA Mortgage Applications
8:30 Consumer Price Index
8:30 Retail Sales
8:30 Empire State Mfg Survey
9:15 Industrial Production
10:00 Atlanta Fed’s Business Inflation Expectations
10:00 Business Inventories
10:00 NAHB Housing Market Index
10:00 Yellen testifies before House Financial Services
10:30 EIA Petroleum Inventories
12:00 PM Fed’s Rosengren speech
12:45 PM Fed’s Harker: Economic Outlook
4:00 PM Treasury International Capital

PTG Trading

Today is Cycle Day 2 (CD2)…S&P e-mini (ES) continued it’s upward trek achieving (2338.00) minimum 3 Day Cycle Target. Normal for CD2 would be for some “back n fill” to consolidate and absorb recent gains. Given that price has not seen any magnitude decline, extreme caution is now warranted at current price levels. First sign of weakness would be a violation and conversion of 2330.00 handle.

Range Projections and Key Levels

HOD  ATR Range Projection: 2348.05; LOD ATR Range Projection: 2326.20; Cycle Day 1 Low: 2322.17; 3 Day Central Pivot: 2321.50; 3 Day Cycle Target: 2341.48; 10 Day Average True Range: 13.80

**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 (2337.75), THEN further upside expansion targets 2342.00, followed by 2346.00 Cycle Penetration Levels.

Scenario 2: IF price fails to convert PH (2337.75) and subsequently violates and converts 2330.00 to lower resistance, THEN downside projects 2326 – 2324 zone, followed by 2321.50 – 2319.75 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 2.14.17

Markets

The hot seat could be a bit more fiery than usual when Janet Yellen begins her semi-annual Congressional testimony at 10:00 a.m. ET. The Fed Chair is expected to defend the post-crisis banking rules President Trump has pledged to undo and investors will be interested to see if her economic outlook aligns with his. When it comes to interest rates, Yellen isn’t expected to do much more than repeat the “gradual” pace guidance that was used in the Fed’s last statement.

In Asia, Japan -1.1%. Hong Kong flat. China +0.1%. India flat.
In Europe, at midday, London +0.2%. Paris +0.2%. Frankfurt +0.1%.
Futures at 6:20, Dow -0.1%. S&P -0.1%. Nasdaq flat. Crude +0.8% to $53.33. Gold +0.4% to $1230.70.
Ten-year Treasury Yield +1 bps to 2.45%

(Source: Seeking Alpha)

Economic Calendar 

6:00 NFIB Small Business Optimism Index
8:30 Producer Price Index
8:50 Fed’s Lacker speech
8:55 Redbook Chain Store Sales
10:00 Yellen delivers semi-annual testimony
1:00 PM Fed’s Kaplan: Monetary Policy

PTG Trading

Markets continued their low volatility “grind” higher to reach Cycle Range Targets. There has been no room for traders to buy a pullback as rolling shorts continue to “pay the price”. Average True Range continues to contract, currently down to 13.52 handles. VIX closed at 11.11 near the low side of historical range. 

Today is Cycle Day 1 (CD1)…Normal is for some magnitude decline, bears will be looking for any sign of weakness to reestablish new short positions. Average Decline on CD1 should it unfold measures 2306.90.

Range Projections and Key Levels

HOD  ATR Range Projection: 2336.77; LOD ATR Range Projection: 2313.98; Cycle Day 1 Low: 2287.75; 3 Day Central Pivot: 2311.25; 3 Day Cycle Target: 2345.36; 10 Day Average True Range: 13.52

**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 PH (2329.00), THEN upside expansion measures 2331.00 – 2332.75 STATX Zone. HOD Range Projection measures 2335.77.

Scenario 2: IF price fails to convert PH (2329.00) and subsequently violates 2323.00 Central Pivot, THEN this would be initial sign of weakness. LOD Range Projection measures 2313.98.

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