Trade Strategy 5.31.17

Markets
 
Oil traders will be watching supply data pour in later today. The EIA is scheduled to release monthly crude oil and natural gas production numbers at mid-day to be followed shortly by petroleum supply data for May. The weekly U.S. oil inventory report from the American Petroleum Institute is also due out later in the afternoon. Analysts see oil trading in a narrow band around $50 barring any geopolitical drama. A little further out, Goldman Sachs forecasts Brent oil trading at around $55 at the end of the year and WTI close to $53. WTI crude oil futures -0.99% to $49.17/bbl at last check. Brent crude-1.04%to $51.30/bbl.
 
In Asia, Japan -0.1%. Hong Kong -0.2%. China +0.3%. India -0.1%.
In Europe, at midday, London +0.2%. Paris flat. Frankfurt +0.1%.
Futures at 6:20, Dow flat. S&P +0.1%. Nasdaq +0.1%. Crude -1.8% to $48.77. Gold +0.1% to $1266.40.
Ten-year Treasury Yield +1 bp to 2.22%
 
(Source: Seeking Alpha)

Economic Calendar 

7:00 MBA Mortgage Applications
8:55 Redbook Chain Store Sales
9:45 Chicago PMI
10:00 Pending Home Sales
2:00 PM Fed’s Beige Book
3:00 PM Farm Prices
7:30 PM Fed’s Williams Speech

PTG Trading

Weekly Review and Preview can be viewed @ PTG Preview 5.30  – 6.2

Another quiet session as price traded within a very narrow 5.75 handle range. Just not much you can do with such a small range, so traders basically took another day-off. 

Today is Cycle Day 1 (CD1)…Normal Decline measures 2402 should this unfold today. Penetration and conversion above 2416 handle continues upside expansion targeting 2425.

Range Projections and Key Levels

HOD  ATR Range Projection: 2425.00; LOD ATR Range Projection: 2399.00; Cycle Day 1 Low: 2344.50; 3 Day Central Pivot: 2413.25; 3 Day Cycle Target: 2426.75; 10 Day Average True Range: 15.10

**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:  Bulls will need to hold any selling at or above 2408 CD1 Low and push back above 2412 to reestablish strong bid. IF successful, THEN push for penetration and conversion of 2416 handle.

Scenario 2:  Bears currently have an opening to push lower with a violation and conversion of 2408 CD1 Low. IF successful THEN lower levels targets 2404 – 2400 breakout 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 5.30.17

Markets
 
Oil prices continue to slip… Markets are concerned that OPEC output cuts may not be enough to reduce a global oversupply after producers last week agreed to extend cuts, but kept them at current levels. Goldman Sachs has also lowered its 2017 price forecast for WTI to $52.39/bbl, pointing out that oil needs to stay around the $50 mark to discourage a ramp up in shale production.
 
In Asia, Japan flat. Hong Kong closed. China closed. India +0.2%.
In Europe, at midday, London -0.4%. Paris -0.6%. Frankfurt -0.1%.
Futures at 6:20, Dow -0.1%. S&P -0.1%. Nasdaq flat. Crude -0.4% to $49.58. Gold -0.1% to $1266.60.
Ten-year Treasury Yield flat at 2.24%

(Source: Seeking Alpha)

Economic Calendar 

8:30 Personal Income and Outlays
9:00 S&P Corelogic Case-Shiller Home Price Index
10:00 Consumer Confidence
10:00 State Street Investor Confidence Index
10:30 Dallas Fed Manufacturing Survey

PTG Trading

Weekly Review and Preview can be viewed @ PTG Preview 5.30  – 6.2

Today is Cycle Day 3 (CD3)…Having reached Cycle Targets and failing to expand above 2416 handle PnF Target, price are pulling back in overnight trade nearing 2408 Cycle Day 1 Low. Violation and conversion of the level opens door to retest 2404 – 2400 breakout zone.

Range Projections and Key Levels

HOD  ATR Range Projection: 2424.50; LOD ATR Range Projection: 2399.25; Cycle Day 1 Low: 2344.50; 3 Day Central Pivot: 2413.00; 3 Day Cycle Target: 2424.50; 10 Day Average True Range: 15.52

**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 any selling at or above 2408 CD1 Low and push back above 2412 to reestablish strong bid. IF successful, THEN push for penetration and conversion of 2416 handle.

Scenario 2:  Bears currently have an opening to push lower with a violation and conversion of 2408 CD1 Low. IF successful THEN lower levels targets 2404 – 2400 breakout 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 5.26.17

Markets
 
In Asia, Japan -0.6%. Hong Kong flat. China -0.1%. India +0.8%.
In Europe, at midday, London +0.1%. Paris -0.7%. Frankfurt -0.4%.
Futures at 6:20, Dow -0.1%. S&P -0.1%. Nasdaq -0.2%. Crude +0.5% to $49.15. Gold +0.8% to $1266.40.
Ten-year Treasury Yield -2 bps to 2.24%

(Source: Seeking Alpha)

Economic Calendar 

8:30 Durable Goods
8:30 Corporate Profits
8:30 GDP Q1
10:00 Consumer Sentiment
1:00 PM Baker-Hughes Rig Count
8:15 PM Fed’s William’s speech on Sunday

PTG Trading

Weekly Review and Preview can be viewed @ PTG Preview 5.22 – 5.26

S&P 500 e-mini (ES) continued to rally reaching 2416.50 Point n Figure TargetPrice has pulled back modestly off highs in overnight trade to test 2408 minor support.

Today is Cycle Day 1 (CD1)…Normal is for price to decline with average measuring 2402.50. Volumes and trade are expected to be light into the afternoon ahead of the long Memorial Day Weekend.

Range Projections and Key Levels

HOD  ATR Range Projection: 2425.15; LOD ATR Range Projection: 2398.85; Cycle Day 1 Low: 2344.50; 3 Day Central Pivot: 2402.25; 3 Day Cycle Target: 2424.75; 10 Day Average True Range: 16.90

**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 get price back above 2412 handle to continue the rally and retest of 2417.75 prior high.

Scenario 2:  Bears need a CD1 normal day with a decline to 2402 to recover some of prior day’s squeeze losses.

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 5.25.17

Markets
 
All eyes are on OPEC’s highly anticipated meeting today in Vienna, where the oil cartel and over a dozen other countries look set to extend their crude production cuts for another nine months. The producers originally agreed to slash output by 1.8M barrels per day in the first half of 2017, but there are concerns that the latest extension cap will not be required from all OPEC members, like Libya and Nigeria. Crude futures -0.9% to $50.92/bbl.
 
In Asia, Japan +0.4%. Hong Kong +0.8%. China +1.4%. India +1.4%.
In Europe, at midday, London +0.1%. Paris +0.3%. Frankfurt +0.2%.
Futures at 6:20, Dow +0.4%. S&P +0.3%. Nasdaq +0.4%. Crude -0.9% to $50.92. Gold +0.3% to $1256.70.
Ten-year Treasury Yield -1 bps to 2.25%

(Source: Seeking Alpha)

Economic Calendar 

8:30 Initial Jobless Claims
8:30 International trade in goods
9:45 Bloomberg Consumer Comfort Index
10:30 EIA Natural Gas Inventory
11:00 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
10:00 PM Fed’s Bullard: U.S. Monetary and Economic Policy

PTG Trading

Weekly Review and Preview can be viewed @ PTG Preview 5.22 – 5.26

S&P 500 e-mini (ES) has finally broken through the 2400 resistance barrier and has rallied to reach 3 Day Average Cycle Target of 2412.50. Should price momentum continue, further upside targets measure 2419.50 followed by Cycle Range High at 2424.50.

Range Projections and Key Levels

HOD  ATR Range Projection: 2419.50; LOD ATR Range Projection: 2395.50; Cycle Day 1 Low: 2344.50; 3 Day Central Pivot: 2394.75; 3 Day Cycle Target: 2412.50; 10 Day Average True Range: 17.08

**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 have total control above 2396 key support pivot. Any pullback is expected to illicit continued buy response above 2400. Upside measures 2419.50 ATR Range High.

Scenario 2:  Bears have not been successful and are trapped above 2396 key support pivot…They need help from the divine to reverse the current momentum. They have a shot if price can stall at Cycle Target of 2412 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 5.22.17

Markets
 
In Asia, Japan +0.5%. Hong Kong +0.9%. China -0.5%. India +0.4%.
In Europe, at midday, London +0.4%. Paris flat. Frankfurt -0.5%.
Futures at 6:20, Dow flat. S&P -0.1%. Nasdaq flat. Crude +0.9% to $51.10. Gold +0.2% to $1256.10.
Ten-year Treasury Yield flat at 2.25%

(Source: Seeking Alpha)

Economic Calendar 

8:30 Chicago Fed National Activity Index
10:00 Fed’s Kashkari speech
7:00 PM Fed’s Reserve Gov. Lael Brainard speech

PTG Trading

Weekly Review and Preview can be viewed @ PTG Preview 5.22 – 5.26

Markets continued their rally in prior session to reach cycle objectives. Overnight trade is relatively quiet within a narrow range.

Today is Cycle Day 3 (CD3)…Having reached cycle targets residual momentum could continue with solid bid, though a conversion below 2378 – 76 zone would suggest a pullback (decline) re-emerging.

Range Projections and Key Levels

HOD  ATR Range Projection: 2395.00; LOD ATR Range Projection: 2368.50; Cycle Day 1 Low: 2344.50; 3 Day Central Pivot: 2369.00; 3 Day Cycle Target: 2371.00; 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 clears and converts PH (2388.00), THEN additional upside measures 2392 – 95 zone.

Scenario 2:  IF price violates and converts 2378 – 76 to lower resistance, THEN downside measures 2372 – 2368 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 5.19.17

Markets
 
In Asia, Japan +0.2%. Hong Kong +0.2%. China flat. India +0.1%.
In Europe, at midday, London +0.5%. Paris +0.5%. Frankfurt +0.1%.
Futures at 6:20, Dow +0.1%. S&P +0.2%. Nasdaq +0.2%. Crude +1.2% to $50.26. Gold +0.1% to $1253.50.
Ten-year Treasury Yield flat at 2.24%

(Source: Seeking Alpha)

Economic Calendar 

9:15 Fed’s Bullard: U.S. Monetary and Economic Policy
1:00 PM Baker-Hughes Rig Count
1:40 PM Fed’s Williams Speech

PTG Trading

Weekly Review and Preview can be viewed @ PTG Preview 5.15 – 5.19

Relief Rally in prior session reached 2375 breakdown level before backing off settling off the high but in solid gain territory. Overnight price is holding gains above 2361.

Today is Cycle Day 2 (CD2) Price has reached the Average 3 Day Cycle Target of 2371…As such, today may see some back n fill as Option Expiration will most likely rule trade action today.

Cycle Range High = 2378.75…Cycle Range Low = 2348.83

Range Projections and Key Levels

HOD  ATR Range Projection: 2376.00; LOD ATR Range Projection: 2356.00; Cycle Day 1 Low: 2344.50; 3 Day Central Pivot: 2376.25; 3 Day Cycle Target: 2371.00; 10 Day Average True Range: 15.48

**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 ONL (2361) then clears and converts 2366 to upper support, THEN retest of PH (2375) may unfold.

Scenario 2:  IF price violates and converts ONL (2361) to lower resistance, THEN retest of 2358 – 56 zone may unfold.

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 5.18.17

Markets
 
In Asia, Japan -1.3%. Hong Kong -0.6%. China -0.5%. India -0.7%.
In Europe, at midday, London -1.4%. Paris -1.2%. Frankfurt -0.9%.
Futures at 6:20, Dow -0.5%. S&P -0.4%. Nasdaq -0.3%. Crude -1.8% to $48.54. Gold +0.4% to $1263.30.
Ten-year Treasury Yield -3 bps to 2.19%

(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
1:15 PM Fed’s Mester speech
4:30 PM Money Supply
4:30 PM Fed Balance Sheet

PTG Trading

Weekly Review and Preview can be viewed @ PTG Preview 5.15 – 5.19

Prior Session’s daily range exploded to nearly 3x 10-day average of 14.30 handles as price violated key 2376 support level and accelerated lower, as forced margin selling cascaded throughout the session, settling price near low of day.

Today is Cycle Day 1 (CD1)…Current boundaries are marked 2367.03 (Cycle Range High) and 2344.47 (Cycle Range Low)…See chart image. Expectation is for some price balancing between this range today as traders attempt to stabilize yesterday’s dramatic sell-down. 

Range Projections and Key Levels

HOD  ATR Range Projection: 2358.80; LOD ATR Range Projection: 2352.70; Cycle Day 1 Low: 2388.00; 3 Day Central Pivot: 2388.50; 3 Day Cycle Target: 2370.39; 10 Day Average True Range: 14.30

**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 spill-over selling above 2344 and push to get price back into prior range. Key resistance is currently marked 2364 handle.

Scenario 2:  Bears want to keep the mojo flowing below 2354  and push for break of 2344 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 5.17.17

Markets
 
In Asia, Japan -0.5%. Hong Kong -0.2%. China -0.3%. India +0.3%.
In Europe, at midday, London flat. Paris -0.4%. Frankfurt -0.3%.
Futures at 6:20, Dow -0.5%. S&P -0.5%. Nasdaq -0.5%. Crude +0.5% to $48.91. Gold +1% to $1248.
Ten-year Treasury Yield -3 bps to 2.29%

(Source: Seeking Alpha)

Economic Calendar 

7:00 MBA Mortgage Applications
10:30 EIA Petroleum Inventories

PTG Trading

Weekly Review and Preview can be viewed @ PTG Preview 5.15 – 5.19

S&P 500 e-mini (ES) struggled to gain any upside traction in prior session stalling again near 2400…Only Nasdaq (NQ) pushed higher to notch another ATH, but it appears more of a “bull-trap” as price reversed downward in overnight trade action.

Today is Cycle Day 3 (CD3)…Having reached 3 Day Cycle target of 2404 and failing to push higher, the violation and conversion of 2396 to lower support initiated the overnight breakdown pushing price back to 2381 (YELL) and 2378 “key 2-week lower value support”.

Range Projections and Key Levels

HOD  ATR Range Projection: 2390.25; LOD ATR Range Projection: 2385.73; Cycle Day 1 Low: 2388.00; 3 Day Central Pivot: 2394.50; 3 Day Cycle Target: 2404.00; 10 Day Average True Range: 11.02

**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:  Bulls will need to defend 2378 – 2381 zone and absorb any additional selling during cash session, then push back above 2386 for next level support to reverse overnight sell-down.

Scenario 2:  Bears got their wish with a break below 2396 handle all the way down to 2378…That’s the first blow…Next they need to convert 2378 – 76 zone to lower resistance, thereby forcing selling of longs. Cycle Range Low measures 2374 – 2372 (Ole’ Yell’er).

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 5.16.17

Markets
 
In Asia, Japan +0.3%. Hong Kong -0.1%. China +0.8%. India +0.9%.
In Europe, at midday, London +0.6%. Paris -0.4%. Frankfurt -0.1%.
Futures at 6:20, Dow +0.1%. S&P flat. Nasdaq +0.1%. Crude +0.9% to $49.31. Gold +0.3% to $1233.70.
Ten-year Treasury Yield flat at 2.34%

(Source: Seeking Alpha)

Economic Calendar 

8:30 Housing Starts
8:55 Redbook Chain Store Sales
9:15 Industrial Production
10:00 E-Commerce Retail Sales

PTG Trading

Weekly Review and Preview can be viewed @ PTG Preview 5.15 – 5.19

S&P e-mini (ES) had a solid session as price fulfilled Scenario 1 of prior DTS Briefing 5.15.17Overnight trade has price trading in narrow range between 2396 – 2400.

****Correction: Yesterday was Cycle Day 1 as it was mislabeled as Cycle Day 3.

Today is Cycle Day 2 (CD2)…Expectation is for price to hold above 2396 handle and work its way to retest prior high 2402.25. Should price firmly stay above 2400, upside is open to 2407 range projection with higher levels measuring 2410 – 2414 zone.

Range Projections and Key Levels

HOD  ATR Range Projection: 2407.00; LOD ATR Range Projection: 2389.75; Cycle Day 1 Low: 2388.00; 3 Day Central Pivot: 2391.00; 3 Day Cycle Target: 2404.00; 10 Day Average True Range: 10.65

**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 2396 and subsequently converts 2400 to new support, THEN retest of 2402.25 would be expected. Should price break above there are plenty of layered “buy-stops” that could add additional buying fuel to lift prices ever higher.

Scenario 2:  IF price violates and converts 2396 to lower resistance, THEN bears have an opening to push for 2392 – 2388 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 5.15.17

Markets
 
Oil prices are up 2.7% to $49.15 a barrel after Saudi Arabia and Russia, the world’s top two producers, said that a crude production cut would be extended from the middle of this year until March 2018. While the output cut will initially be on the same volume terms as before, they hope other producers will join in their efforts. OPEC is due to meet in Vienna on May 25
 
In Asia, Japan -0.1%. Hong Kong +0.9%. China +0.2%. India +0.4%.
In Europe, at midday, London +0.1%. Paris -0.3%. Frankfurt -0.2%.
Futures at 6:20, Dow +0.1%. S&P +0.1%. Nasdaq flat. Crude +2.7% to $49.15. Gold +0.3% to $1231.90.
Ten-year Treasury Yield flat at 2.33%

(Source: Seeking Alpha)

Economic Calendar 

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

PTG Trading

Weekly Review and Preview can be viewed @ PTG Preview 5.15 – 5.19

Today is Cycle Day 3 (CD3)…Price is currently trading @ 2392 and will either need to convert 2396 to upper support or 2386 to lower resistance. Options Expiration this week with SPY 240 (2400) Strike in-play.

Range Projections and Key Levels

HOD  ATR Range Projection: 2398.50; LOD ATR Range Projection: 2384.25; Cycle Day 1 Low: 2387.50; 3 Day Central Pivot: 2389.75; 3 Day Cycle Target: 2404.87; 10 Day Average True Range: 10.30

**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 2396 to upper support, THEN primary target measures 2400, followed by 2403 – 2405 zone.

Scenario 2:  IF price violates and converts 2386 to lower resistance, THEN downside measures 2381, followed by 2378 – 76 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