Trade Strategy 4.28.17

Markets
 
Nasdaq 100 futures surged after-hours on Thursday after encouraging earnings from Amazon (NASDAQ:AMZN) and Alphabet (GOOG, GOOGL). The online retailer’s Q1 profit jumped 41%, marking its eighth straight quarter in the black, while the Google parent’s profit grew 29%, with no indications of an advertising backlash. Strong earnings were also seen at Microsoft (NASDAQ:MSFT) and Intel (NASDAQ:INTC), but both of their revenues missed estimates.
 
In Asia, Japan -0.3%. Hong Kong -0.3%. China +0.1%. India -0.4%.
In Europe, at midday, London -0.3%. Paris +0.3%. Frankfurt +0.1%.
Futures at 6:20, Dow flat. S&P +0.1%. Nasdaq +0.1%. Crude +0.9% to $49.38. Gold +0.2% to $1268.
Ten-year Treasury Yield +1 bps to 2.31% 

(Source: Seeking Alpha)

Economic Calendar 

8:30 GDP Q1
8:30 Employment Cost Index
9:45 Chicago PMI
10:00 Consumer Sentiment
1:00 PM Baker-Hughes Rig Count

PTG Trading

Quiet prior session for ES as price consolidated recent gains holding above 2382 key support marker. Price will need to convert 2388 to continue expanding higher targeting 2400 handle.

Nasdaq (NQ) has been the relative standout as earnings for the biggest companies exceeded expectations as price vaulted higher in after hours trade and holding bid this morning.

Today is Cycle Day 2 (CD2)…There remains plenty of room to rally higher should price convert 2388 to upper support. Initial targets range between 2395 upwards to 2401, then 2406 handles.

Range Projections and Key Levels

HOD  ATR Range Projection: 2401.30; LOD ATR Range Projection: 2370.70; Cycle Day 1 Low: 2378.75; 3 Day Central Pivot: 2383.75; 3 Day Cycle Target: 2404.74; 10 Day Average True Range: 17.80

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

Click Here

Today’s Hypotheses: June 2017 (M) 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 2388 to upper support, THEN primary objective is to test 2395 handle. Conversion above this level expands to upper targets ranging between 2401 – 2406.

Scenario 2:  IF price violates and convert 2382 to lower resistance, THEN primary objective is to convert CD1 Low (2378.75). Should bears be successful, downside measures 2372 YELL.

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 4.27.17

Markets
 
A record-setting equity rally appears to be running out of steam, with unconvincing U.S. tax cut plans and caution setting in before today’s ECB meeting. The bank is expected to keep ultra-loose monetary policy steady ahead of a series of major elections in Europe, but investors will look to Mario Draghi’s press conference for any tapering hints. Pressure has been building on the ECB as the eurozone economy picks up.
 
In Asia, Japan -0.2%. Hong Kong +0.5%. China +0.4%. India -0.3%.
In Europe, at midday, London -0.6%. Paris -0.3%. Frankfurt -0.2%.
Futures at 6:20, Dow flat. S&P flat. Nasdaq flat. Crude -0.9% to $49.19. Gold +0.1% to $1265.20.
Ten-year Treasury Yield flat at 2.31%

(Source: Seeking Alpha)

Economic Calendar 

8:30 Durable Goods
8:30 Initial Jobless Claims
8:30 International trade in goods
8:30 Retail Inventories
8:30 Wholesale Inventories
9:45 Bloomberg Consumer Comfort Index
10:00 Pending Home Sales
10:30 EIA Natural Gas Inventory
11:00 Kansas City Fed Mfg Survey
1:00 PM Results of $28B, 7-Year Note Auction
3:00 PM Farm Prices
4:30 PM Money Supply
4:30 PM Fed Balance Sheet

PTG Trading

S&P e-mini (ES) extended rally early in prior session but was unable to push higher later in day producing a failed double-top formation. As such, longs collectively looked for the exit as sell-down into the close balanced out the session.

Today is Cycle Day 1 (CD1)….Normal is for some magnitude decline with average measuring 2382 handle which has been key “over-under” marker. Violation and conversion of this level places pressure on the bulls to perform, giving bears an opening to push for lower levels.

Range Projections and Key Levels

HOD  ATR Range Projection: 2399.30; LOD ATR Range Projection: 2367.70; Cycle Day 1 Low: 2365.25; 3 Day Central Pivot: 2379.00; 3 Day Cycle Target: 2400.38; 10 Day Average True Range: 18.05

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

Click Here

Today’s Hypotheses: June 2017 (M) 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 absorb any selling above 2382 handle and reconvert 2388 to upper support. IF successful, THEN retest of PH (2394.75) would be expected.

Scenario 2:  Bears have an opportunity to push for lower levels with violation and conversion of 2382 handle. IF successful, THEN initial downside targets 2376, followed by 2372 YELL.

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 4.26.17

Markets
 
How will equities react? Analysts seem divided over the tax plan, with some saying stocks could be vulnerable to a selloff, while others see it as a catalyst higher, along with earnings momentum. Future values are meanwhile predicting a much flatter open today, following yesterday’s strong finish for U.S. markets. It included a triple-digit gain for the Dow and a record close above 6,000 for the Nasdaq.
 
In Asia, Japan +1.1%. Hong Kong +0.5%. China +0.2%. India +0.6%.
In Europe, at midday, London -0.1%. Paris +0.1%. Frankfurt -0.1%.
Futures at 6:20, Dow +0.2%. S&P flat. Nasdaq +0.1%. Crude -0.2% to $49.45. Gold -0.1% to $1266.20.
Ten-year Treasury Yield flat at 2.32%

(Source: Seeking Alpha)

Economic Calendar 

7:00 MBA Mortgage Applications
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

Following solid gains in prior session where price reached and exceeded cycle targets, trade activity is relatively muted overnight as traders await further details about Trump-o-nomics Tax Plan.

Today is Cycle Day 3 (CD3)…Cycle Targets have been achieved, though residual momentum may push higher to test 2401 futures high as this level is squarely within reach. Key Support Marker now is 2372.00 YELL.

Range Projections and Key Levels

HOD  ATR Range Projection: 2401.00; LOD ATR Range Projection: 2368.00; Cycle Day 1 Low: 2365.25; 3 Day Central Pivot: 2366.25; 3 Day Cycle Target: 2383.81; 10 Day Average True Range: 18.75

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

Click Here

Today’s Hypotheses: June 2017 (M) 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 (2389.25) to upper support, THEN further upside expansion targets 2398 – 2401 zone.

Scenario 2:  IF price violates and converts 2382 to lower resistance, THEN initial target 2378 followed by 2374 – 2372 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 4.25.17

Markets
 
In Asia, Japan +1.1%. Hong Kong +1.3%. China +0.2%. India +1%.
In Europe, at midday, London +0.3%. Paris +0.3%. Frankfurt flat.
Futures at 6:20, Dow +0.3%. S&P +0.1%. Nasdaq +0.2%. Crude +0.3% to $49.39. Gold -0.4% to $1272.60.
Ten-year Treasury Yield +3 bps to 2.31% 

(Source: Seeking Alpha)

Economic Calendar 

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

PTG Trading

Early gap higher lead to a relatively quite trade session for the RTH trader with an 11.50 handle range. Overnight trade continues to be quiet as well with traders awaiting key announcements this week regarding Tax Plan and looming Continuing Resolution (CR).

Today is Cycle Day 2 (CD2)…With an aberrant CD1, there is plenty of room to continue the rally targeting 2381 – 2383 zone, followed by 2386.75 range high. 

Range Projections and Key Levels

HOD  ATR Range Projection: 2386.75; LOD ATR Range Projection: 2356.50; Cycle Day 1 Low: 2365.25; 3 Day Central Pivot: 2355.25; 3 Day Cycle Target: 2383.81; 10 Day Average True Range: 18.50

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

Click Here

Today’s Hypotheses: June 2017 (M) 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 (2376.75), THEN upside is open targeting 2382 cycle penetration level, followed by 2383.81 3 Day Cycle target.

Scenario 2:  IF price violates and converts CD1 Low (2365.25), THEN bears have an opening to push for lower targeting 2358 – 56 range. 

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 4.24.17

Markets
 
Markets are breathing a sigh of relief… The euro soared as high as $1.094, hitting a five-month high, while the CAC 40 rose 4% in opening trade. Positive movement is extending across European markets and U.S. stock index futures are all up 1%. The risk-on sentiment has also pushed safe haven assets lower, including treasuries and gold down over 1%.
 
In Asia, Japan +1.4%. Hong Kong +0.4%. China -1.4%. India +1%.
In Europe, at midday, London +1.9%. Paris +4.6%. Frankfurt +3%.
Futures at 6:20, Dow +1%. S&P +1.1%. Nasdaq +1%. Crude +1% to $50.12. Gold -1.3% to $1272.60.
Ten-year Treasury Yield +6 bps to 2.3%

(Source: Seeking Alpha)

Economic Calendar 

8:30 Chicago Fed National Activity Index
10:30 Dallas Fed Manufacturing Survey
11:30 Fed’s Kashkari speech

PTG Trading

Markets are higher in over night trade with positive reaction to French elections over the weekend. Stage is set for a large gap open as price is currently trading near high end of down channel and 2372 (YELL).

Today is Cycle Day 1 (CD1)…Normal is for some magnitude decline, though it appears that this will be an aberrant day given the large expected gap higher. Test of the 4.4.17 high now comes into play. 3-Day Rally Target measures 2383.81.

Range Projections and Key Levels

HOD  ATR Range Projection: 2382.27; LOD ATR Range Projection: 2359.73; Cycle Day 1 Low: 2331.25; 3 Day Central Pivot: 2344.25; 3 Day Cycle Target: 2383.81; 10 Day Average True Range: 17.02

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

Click Here

Today’s Hypotheses: June 2017 (M) Contract

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

Scenario 1:  Price will need to hold gap open to get a continuation move which upside initially targets 2375, followed by 2381 – 73 zone.

Scenario 2:  Bears need a normal decline during session with a violation and conversion below 2365 handle. IF successful, THEN 2359 – 2356 zone is objective.

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 4.21.17

Markets
 
In Asia, Japan +1%. Hong Kong -0.1%. China flat. India -0.2%.
In Europe, at midday, London -0.1%. Paris -0.6%. Frankfurt +0.1%.
Futures at 6:20, Dow flat. S&P +0.1%. Nasdaq +0.2%. Crude flat at $50.72. Gold flat at $1283.30.
Ten-year Treasury Yield flat at 2.23%

(Source: Seeking Alpha)

Economic Calendar 

9:30 Fed’s Kashkari speech
9:45 PMI Composite Flash
10:00 Existing Home Sales
1:00 PM Baker-Hughes Rig Count

PTG Trading

Early strength during Globex Session continued straight into Cash Session as Bulls were large-and-in-charge following the first 30-minute rotation. Penetration above 2345 handle lead to explosive rally pushing price to 2357.50 3 Day Cycle Target.

Today is Cycle Day 3 (CD3)…Cycle targets have been achieved, as such with options expiration on tap for today. Sources tell me price action is likely to remain between 2350 – 2360 with a lean to upside.

Range Projections and Key Levels

HOD  ATR Range Projection: 2369.15; LOD ATR Range Projection: 2338.60; Cycle Day 1 Low: 2331.25; 3 Day Central Pivot: 2341.25; 3 Day Cycle Target: 2357.24; 10 Day Average True Range: 17.40

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

Click Here

Today’s Hypotheses: June 2017 (M) 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 look to keep bid at or above 2350 SPOT with additional upside targeting 2360 – 65 zone.

Scenario 2:  Bears desperately need price below 2350 to recapture some losses from prior session. IF this occurs, THEN look for 2345 handle to come into play for counter 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 4.20.17

Markets
 
Oil fell by around 4%, or $2 per barrel, in Wednesday’s trade – its worst day in six weeks – but prices are bouncing back today. Crude futures +1% to $50.92. Comments by OPEC members, including oil ministers from Kuwait and Saudi Arabia, about extending a production cut are helping, but concerns about oversupply and increased shale production continue to weigh on prices.
 
In Asia, Japan flat. Hong Kong +1%. China +0.1%. India +0.3%.
In Europe, at midday, London -0.2%. Paris +0.8%. Frankfurt +0.1%.
Futures at 6:20, Dow +0.2%. S&P +0.3%. Nasdaq +0.3%. Crude +1% to $50.92. Gold -0.3% to $1279.90.
Ten-year Treasury Yield +2 bps to 2.22%

(Source: Seeking Alpha)

Economic Calendar 

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

PTG Trading

S&P e-mini (ES) attempted and failed to convert 2346 – 48 zone to support at top of expected range and as such reversed hard to sell down to 2332 which was projected range low. Price has had difficulty gaining any traction in either direction as options expiration expire Friday.

Today is Cycle Day 2 (CD2)…Iffy Neutral as price is locked within 2330 – 2350 range boundaries. There is plenty of “room-to-roam” for bull and bears within these parameters.

Range Projections and Key Levels

HOD  ATR Range Projection: 2350.35; LOD ATR Range Projection: 2323.65; Cycle Day 1 Low: 2331.25; 3 Day Central Pivot: 2338.00; 3 Day Cycle Target: 2350.65; 10 Day Average True Range: 17.85

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

Click Here

Today’s Hypotheses: June 2017 (M) 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 CD1 Low (2331.25) and push for higher price with initial levels measuring 2340 – 42 zone. Upside boundary 2348 – 50 remains hard resistance.

Scenario 2:  Bears need to convert CD1 Low (2331.25) to lower resistance projecting 2324 – 2322 range / violation 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 4.19.17

Markets
 
In Asia, Japan +0.1%. Hong Kong -0.4%. China -0.8%. India +0.1%.
In Europe, at midday, London -0.1%. Paris +0.3%. Frankfurt +0.2%.
Futures at 6:20, Dow +0.1%. S&P +0.3%. Nasdaq +0.3%. Crude +0.2% to $52.96. Gold -0.7% to $1284.60.
Ten-year Treasury Yield +3 bps to 2.21% 

(Source: Seeking Alpha)

Economic Calendar 

7:00 MBA Mortgage Applications
10:30 EIA Petroleum Inventories
12:30 PM Fed’s Rosengren speech
2:00 PM Fed’s Beige Book

PTG Trading

Mild sell-off in prior session effectively hit 2329 LOD Range Projection before snapping back and settling back at midpoint. In overnight trade price is trading lightly within context of prior range with no directional bias.

Today is Cycle Day 1 (CD1)…Normal is for some magnitude decline with average measuring 2334.75. Bulls need to convert 2346 – 48 zone to new upper support and Bears need to convert 2334 – 32 zone to lower resistance.

Range Projections and Key Levels

HOD  ATR Range Projection: 2353.35; LOD ATR Range Projection: 2327.90; Cycle Day 1 Low: 2324.00; 3 Day Central Pivot: 2336.25; 3 Day Cycle Target: 2355.50; 10 Day Average True Range: 17.10

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

Click Here

Today’s Hypotheses: June 2017 (M) 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 – 48 zone to upper support, THEN upside targets 2353 – 56 zone.

Scenario 2:  IF price converts 2334 – 32 zone to lower resistance, THEN lower targets measure 2328 – 2325 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 4.18.17

Markets
 
In Asia, Japan +0.3%. Hong Kong -1.4%. China -0.8%. India -0.3%.
In Europe, at midday, London -1.6%. Paris -1.3%. Frankfurt -0.7%.
Futures at 6:20, Dow -0.2%. S&P -0.3%. Nasdaq -0.3%. Crude -0.7% to $52.26. Gold -0.3% to $1288.60.
Ten-year Treasury Yield -3 bps to 2.22%

(Source: Seeking Alpha)

Economic Calendar 

8:30 Housing Starts
8:55 Redbook Chain Store Sales
9:00 Fed’s George speech
9:15 Industrial Production

PTG Trading

S&P e-mini (ES) held its Cycle Day 1 Low (2324.00) and rallied throughout Cycle Day 2 to achieve 3 Day Cycle (2342.93) and Cycle Range (2345.00) Targets. 

Today is Cycle Day 3 (CD3)…Residual momentum may push price higher, though if no further advancement can be made, pullback /decline can begin to retrace recent gains. Key will be expand beyond prior session high (2346.00). Violation and conversion of 2335 – 33 zone (Sell-Stops) targets 2329 handle.

Range Projections and Key Levels

HOD  ATR Range Projection: 2352.30; LOD ATR Range Projection: 2329.20; Cycle Day 1 Low: 2324.00; 3 Day Central Pivot: 2338.25; 3 Day Cycle Target: 2342.93; 10 Day Average True Range: 17.80

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

Click Here

Today’s Hypotheses: June 2017 (M) 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 (2346.00), THEN further upside expansion targets 2350 – 2352 zone.

Scenario 2:  IF price violates and converts 2335 handle to resistance, THEN deeper pullback may unfold targeting 2329 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 4.17.17

Markets
 
In Asia, Japan +0.1%. Hong Kong -0.2%. China +0.1%. India -0.1%.
In Europe, at midday, London closed for holiday. Paris closed for holiday. Frankfurt closed for holiday.
Futures at 6:20, Dow -0.1%. S&P -0.1%. Nasdaq -0.1%. Crude -0.8% to $52.76. Gold +0.2% to $1291.50.
Ten-year Treasury Yield Flat at 2.21%. 

(Source: Seeking Alpha)

Economic Calendar 

8:30 Empire State Mfg Survey
10:00 NAHB Housing Market Index
4:00 PM Treasury International Capital
5:00 PM Stanley Fischer speech

PTG Trading

S&P e-mini (ES) ended the shortened holiday weak with selling pressure as geo-political events weighted heavily on investor sentiment. Price is currently trading in a narrow range at the Cycle Day 1 Low 2324.00.

Today is Cycle Day 2 (CD2)…Bears will be looking for a follow-through to the downside…Bulls need a new secure low in place from which to stage next rally attempt.

View this week’s Review + Preview Video here: PTG Preview for 4.17 – 4.21.

Range Projections and Key Levels

HOD  ATR Range Projection: 2339.48; LOD ATR Range Projection: 2310.27; Cycle Day 1 Low: 2324.00; 3 Day Central Pivot: 2341.25; 3 Day Cycle Target: 2342.93; 10 Day Average True Range: 16.73

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

Click Here

Today’s Hypotheses: June 2017 (M) Contract

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

Scenario 1:  IF price holds CD1 Low (2324) and converts PC (2327.50) to support, THEN upside relief rally may unfold targeting 2334 – 34 zone, followed by 2340 – 2343.

Scenario 2:  Violation and conversion of CD1 Low (2324) to lower resistance opens door for additional selling initially targeting 2312 – 2310 zone, followed by 2304 Cycle Range Low.

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