Trade Strategy 1.31.18

Markets

In Asia, Japan -0.8%. Hong Kong +0.9%. China -0.2%. India -0.2%
In Europe, at midday, London -0.2%. Paris +0.2%. Frankfurt +0.1%
Futures at 6:20, Dow +0.3%. S&P +0.3%. Nasdaq +0.2%. Crude -0.6% to $64.14. Gold +0.4% to $1345.90. Bitcoin +2.1% to $10239. 
Ten-year Treasury Yield -2 bps to 2.71%

(Source: Seeking Alpha)

Economic Calendar

7:00 MBA Mortgage Applications
8:15 ADP Jobs Report
8:30 Employment Cost Index
8:30 Treasury Refunding Quarterly Announcement
9:45 Chicago PMI
10:00 Pending Home Sales
10:30 EIA Petroleum Inventories
2:00 PM FOMC Announcement

S&P 500 (ES)

Today is Cycle Day 3 (CD3)…Bears got their follow-through day as price reached 2825 – 2821 statistical extreme zone outlined in prior DTS Briefing Scenario 2:  “…Deep extreme measures 2825 – 2821 zone.”

Price is currently trading above prior close (2823.25), as part of the rally is in-place. Today’s objective for bulls is to recover CD1 Low (2851.50.)

Scenario 1: IF price holds above PC (2823.25), THEN initial upside target measures 2840.00 – 2844.00 zone, followed by 2847.50 – 2851.50 zone.

Scenario 2: IF price violates and converts PC (2823.25), THEN downside targets project 2818.00 – 2815.00, 2812.00.

HOD  ATR Range Projection: 2847.44; LOD ATR Range Projection: 2811.81; Cycle Day 1 Low: 2851.50; 3 Day Central Pivot: 2852.75; 3 Day Cycle Target: 2877.19; 10 Day Average True Range: 24.94; VIX: 14.37

Click Here

Nasdaq 100 (NQ)

Today is Cycle Day 3 (CD3)…Price fulfilled downside statistical objective of 6909.86 in prior session. Bulls objective is to recover CD1 Low (6980.00) to secure Positive 3 Day Rally.

Scenario 1: IF price holds above PC (6940.75), THEN upside projects 6962, followed by 6980.00.

Scenario 2: Violation and conversion of PC (6940.75) opens door to deeper downside projecting 6928 – 6918 zone.

Range Projections and Key Levels (NQ)

HOD  ATR Range Projection: 7013.07; LOD ATR Range Projection: 6899.43; Cycle Day 1 Low: 6980.00; 3 Day Central Pivot: 6985.75; 3 Day Cycle Target: 7037.66; 10 Day Average True Range: 76.32; VIX: 14.37

Click Here

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

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

Good Trading…David

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

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

PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS

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

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

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

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

Trade Strategy 1.30.18

Markets

In Asia, Japan -1.4%. Hong Kong -1.1%. China -1%. India -0.7%
In Europe, at midday, London -0.6%. Paris -0.4%. Frankfurt -0.6%
Futures at 6:20, Dow -0.6%. S&P -0.4%. Nasdaq -0.4%. Crude -0.9% to $64.99. Gold +0.6% to $1347.70. Bitcoin -2.1% to $10930. 
Ten-year Treasury Yield flat at 2.7%

(Source: Seeking Alpha)

Economic Calendar

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

S&P 500 (ES)

Today is Cycle Day 2 (CD2)…Price is continuing its slide in overnight trade fulfilling downside CD1 Violation objective if 2833. Price has rebounded off deep low holding 10 handles higher @ 2843. Resistance will be marked @ 2846 while support @ 2836.

Scenario 1: Bulls will need to hold above 2836 and stabilize price for a recovery attempt to 2846 and higher.

Scenario 2: Bears have their first opening in months to press for a follow-through down session. Deep extreme measures 2825 – 2821 zone.

HOD  ATR Range Projection: 2853.75; LOD ATR Range Projection: 2835.77; Cycle Day 1 Low: 2851.50; 3 Day Central Pivot: 2855.75; 3 Day Cycle Target: 2877.19; 10 Day Average True Range: 22.75; VIX: 14.00

Click Here

Nasdaq 100 (NQ)

Today is Cycle Day 2 (CD2)…Price is trading lower fulfilling its CD2 Violation Level @ 6925.88 and has rebounded higher currently trading @6965 handle. Initial resistance will be marked @ 6970.00, while support marked @ 6040.00.

Scenario 1: Price will need to hold above 6940 for stabilization and attempt to recover above 6970 handle.

Scenario 2: Violation of 6925.88 targets deep extreme @ 6909.86 – 6896.98 zone.

Range Projections and Key Levels (NQ)

HOD  ATR Range Projection: 6998.75; LOD ATR Range Projection: 6933.50; Cycle Day 1 Low: 6980.00; 3 Day Central Pivot: 6983.25; 3 Day Cycle Target: 7037.66; 10 Day Average True Range: 73.00; VIX: 14.00

Click Here

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

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

Good Trading…David

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

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

PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS

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

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

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

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

Trade Strategy 1.29.18

Markets

While stock index futures are down slightly to start the week, the market could continue its record-setting run with the S&P 500 already on track for a 7.2% gain in January. More than a fifth of the S&P 500 companies will release earnings this week, ranging from tech’s heaviest hitters to healthcare and big oil. If positive, January would be the 10th month of gains for the Dow and S&P, the best consecutive monthly winning streak since 1959.

In Asia, Japan flat. Hong Kong -0.6%. China -1%. India +0.7%
In Europe, at midday, London -0.2%. Paris +0.1%. Frankfurt -0.1%
Futures at 6:20, Dow -0.2%. S&P -0.3%. Nasdaq -0.4%. Crude flat at $66.12. Gold -0.4% to $1346.40. Bitcoin -4.1% to $11213. 
Ten-year Treasury Yield

(Source: Seeking Alpha)

Economic Calendar

8:30 Personal Income and Outlays
10:30 Dallas Fed Manufacturing Survey

S&P 500 (ES)

Today is Cycle Day 1 (CD1)…Average Decline measures 2859.00. Price reached extreme level with weekly close at new all-time highs. Expectation for today is more of normal CD1 with decline/pullback to absorb recent gains.

Scenario 1: IF price converts PC (2874.75), THEN expansion targets 2883 – 2887 zone.

Scenario 2: Failure to convert PC (2874.75) opens door to decline initially measuring 2861, followed by 2859 – 2855 zone.

HOD  ATR Range Projection: 2887.03; LOD ATR Range Projection: 2855.47; Cycle Day 1 Low: 2825.50; 3 Day Central Pivot: 2849.00; 3 Day Cycle Target: 2889.69; 10 Day Average True Range: 23.03; VIX: 11.82

Click Here

Nasdaq 100 (NQ)

Today is Cycle Day 1 (CD1)…Average Decline measures 6982.33. 

Scenario 1: IF price converts PC (7031.50), THEN expansion targets 7048, followed by 7052 – 56 zone.

Scenario 2: Failure to convert PC (7031.50), THEN initial downside targets 7000.15, followed by 6989 – 6982 zone.

Range Projections and Key Levels (NQ)

HOD  ATR Range Projection: 7079.67; LOD ATR Range Projection: 6968.58; Cycle Day 1 Low: 6888.00; 3 Day Central Pivot: 6961.75; 3 Day Cycle Target: 7058.66; 10 Day Average True Range: 78.67; VIX: 11.82

Click Here

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

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

Good Trading…David

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

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

PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS

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

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

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

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

Trade Strategy 1.26.18

Markets

In Asia, Japan -0.2%. Hong Kong +1.5%. China +0.3%. India +0.3%
In Europe, at midday, London +0.4%. Paris +0.9%. Frankfurt flat. 
Futures at 6:20, Dow +0.3%. S&P +0.4%. Nasdaq +0.5%. Crude +0.3% to $65.71. Gold -0.7% to $1352.90. Bitcoin -6.1% to $10457. 
Ten-year Treasury Yield +2 bps to 2.64%

(Source: Seeking Alpha)

Economic Calendar

8:30 Durable Goods
8:30 GDP Q4
8:30 International trade in goods
8:30 Retail Inventories (Advance)
8:30 Wholesale Inventories (Advance)
1:00 PM Baker-Hughes Rig Count

S&P 500 (ES)

Today is Cycle Day 3 (CD3)…Minimum 3 Day Cycle Target (2851.00) has been fulfilled. Momentum may continue to push higher as Friday’s historically favor the bulls.

Scenario 1: IF price converts 2854 handle, THEN upside measures 2861 range projection.

Scenario 2: IF price violates 2840, THEN downside measures 2831 range projection.

Range Projections and Key Levels (ES)

HOD  ATR Range Projection: 2861.88; LOD ATR Range Projection: 2831.62; Cycle Day 1 Low: 2825.50; 3 Day Central Pivot: 2840.00; 3 Day Cycle Target: 2851.00; 10 Day Average True Range: 21.03; VIX: 11.40

Click Here

Nasdaq 100 (NQ)

Today is Cycle Day 3 (CD3)…3 Day Cycle Target (6979.87) has been fulfilled. Additional upside potential measures 6980 – 91 zone.

Scenario 1: IF price converts 6987, THEN range expansion extends 7005 – 7015 zone.

Scenario 2: IF price violates 6945, THEN downside targets 6934, followed by 6924 – 6915 zone.

Range Projections and Key Levels (NQ)

HOD  ATR Range Projection: 6974.43; LOD ATR Range Projection: 6914.82; Cycle Day 1 Low: 6888.00; 3 Day Central Pivot: 6946.25; 3 Day Cycle Target: 6979.87; 10 Day Average True Range: 72.43; VIX: 11.40

Click Here

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

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

Good Trading…David

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

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

PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS

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

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

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

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

Trade Strategy 1.25.18

Markets

In Asia, Japan -1.1%. Hong Kong -0.9%. China -0.3%. India -0.3%
In Europe, at midday, London flat. Paris +0.5%. Frankfurt +0.1%
Futures at 6:20, Dow +0.2%. S&P +0.2%. Nasdaq +0.5%. Crude +0.8% to $66.10. Gold +0.2% to $1359. Bitcoin -1.6% to $11220. 
Ten-year Treasury Yield -1 bps to 2.63%

(Source: Seeking Alpha)

Economic Calendar

8:30 Initial Jobless Claims
9:45 Bloomberg Consumer Comfort Index
10:00 New Home Sales
10:00 Leading Indicators
10:30 EIA Natural Gas Inventory
11:00 Kansas City Fed Mfg Survey
1:00 PM Results of $28B, 7-Year Note Auction
4:30 PM Money Supply
4:30 PM Fed Balance Sheet

S&P 500 (ES)

Today is Cycle Day 2 (CD2)…Price tested upper penetration level (2855), reversed and tested average decline (2828) outlined in prior DTS Briefing 1.24.18. Part of this cycle’s rally is now in-place with potential to reach average 3 Day Rally zone between 2851 – 2855.

Scenario 1: IF price clears and converts 2848 Open Range Midpoint, THEN targets between 2850 – 55 zone.

Scenario 2: IF price violates and converts VPOC (2840), THEN lower test of CD1 Low (2825.50) comes into play.

Range Projections and Key Levels (ES)

HOD  ATR Range Projection: 2856.00; LOD ATR Range Projection: 2829.31; Cycle Day 1 Low: 2825.50; 3 Day Central Pivot: 2834.50; 3 Day Cycle Target: 2851.00; 10 Day Average True Range: 21.03; VIX: 11.26

Click Here

Nasdaq 100 (NQ)

Today is Cycle Day 2 (CD2)…Similar to ES, NAZ tagged upper penetration and lower violation levels, at which time this cycle’s rally began. Average rally objective (6945.80) is in-place, with additional upside measuring 6979.87. Possible cycle range high = 6970 – 90 zone.

Scenario 1: IF price clears and converts PC (6973), THEN upside targets 6990 – 92 zone.

Scenario 2: IF price violates and converts VPOC (6946), THEN downside targets 6914, followed by 6894.

Range Projections and Key Levels (NQ)

HOD  ATR Range Projection: 6993.93; LOD ATR Range Projection: 6900.00; Cycle Day 1 Low: 6888.00; 3 Day Central Pivot: 6931.75; 3 Day Cycle Target: 6979.87; 10 Day Average True Range: 72.43; VIX: 11.26

Click Here

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

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

Good Trading…David

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

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

PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS

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

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

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

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

Trade Strategy 1.24.18

Markets

In Asia, Japan -0.8%. Hong Kong +0.1%. China +0.4%. India +0.1%
In Europe, at midday, London -0.3%. Paris -0.1%. Frankfurt flat. 
Futures at 6:20, Dow +0.2%. S&P +0.2%. Nasdaq +0.2%. Crude +0.2% to $64.60. Gold +1% to $1350. Bitcoin -1.1% to $10958. 
Ten-year Treasury Yield flat at 2.62%

(Source: Seeking Alpha)

Economic Calendar

7:00 MBA Mortgage Applications
9:00 FHFA House Price Index
9:45 PMI Composite Flash
10:00 Existing Home Sales
10:30 EIA Petroleum Inventories
11:30 Results of $15B, 2-Year FRN Auction
1:00 PM Results of $34B, 5-Year Note Auction

S&P 500 (ES)

Today is Cycle Day 1 (CD1)…Average Decline measures 2830.00 – 2828.00 zone. Momentum remains in bullish camp with continued higher closes. Normal for CD1 would be for some magnitude decline, although recent declines remain very shallow. Violation of previous close (2838.25) would be an initial sign of weakness.

Scenario 1: IF price clears and converts PH (2844.75), THEN upside penetration targets 2855.50.

Scenario 2: IF price violates and converts PC (2838.25), THEN downside violation targets 2821 – 2819 zone.

Range Projections and Key Levels (ES)

HOD  ATR Range Projection: 2855.84 LOD ATR Range Projection: 2827.66; Cycle Day 1 Low: 2791.75 3 Day Central Pivot: 2823.00; 3 Day Cycle Target: 2862.40; 10 Day Average True Range: 19.09; VIX: 11.04

Click Here

Nasdaq 100 (NQ)

Today is Cycle Day 1 (CD1)…Average Decline measures 6936 – 6932.50 zone. Bears failed to violate 6960 handle, so we will mark this level as “Key Support”. Until this is violated and converts bulls have solid control.

Scenario 1: IF price clears and converts PH (6981.25), THEN upside penetration levels measure 6999.00 – 7003.50 zone.

Scenario 2: IF price violates and converts PC (6960.00), THEN downside violation levels measure 6939.25 – 6830.25 zone.

Range Projections and Key Levels (NQ)

HOD  ATR Range Projection: 7017.75; LOD ATR Range Projection: 6923.50; Cycle Day 1 Low: 6809.25 3 Day Central Pivot: 6959.00; 3 Day Cycle Target: 7012.55; 10 Day Average True Range: 62.75; VIX: 11.04

Click Here

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

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

Good Trading…David

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

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

PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS

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

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

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

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

Trade Strategy 1.23.18

Markets

Stocks again rose to new records yesterday, helped by the Senate vote to reopen the government and provide funding through Feb. 8. The next catalyst for equities could come from the slew of big earnings set to be unveiled this week. Of the 55 companies in the S&P 500 that have reported earnings through Monday morning, 80% have topped expectations.

In Asia, Japan +1.3%. Hong Kong +1.7%. China +1.3%. India +1%
In Europe, at midday, London +0.1%. Paris flat. Frankfurt +0.6%
Futures at 6:20, Dow -0.1%. S&P -0.2%. Nasdaq -0.1%. Crude +0.4% to $63.79. Gold +0.4% to $1337. Bitcoin -5.5% to $10178. 
Ten-year Treasury Yield -3 bps to 2.63%

(Source: Seeking Alpha)

Economic Calendar

8:55 Redbook Chain Store Sales
10:00 Richmond Fed Mfg.
11:30 Results of $26B, 2-Year FRN Auction
6:30 PM Fed’s Evans: “The Future of Monetary Policy: Embracing the Unconventional”

S&P 500 (ES)

Today is Cycle Day 3 (CD3)…Price continued to push higher exceeding this cycle’s most bullish extreme levels, yet again recording new all-time highs. Violation and conversion of prior close (2835.50) would be viewed as first sign of weakness.

Scenario 1: IF price penetrates PH (2842.00), THEN expansion measures 2845.50 – 2850.50 zone.

Scenario 2: IF price violates PC (2835.50), THEN lower levels measures 2825.00 – 2020.50 zone.

Range Projections and Key Levels (ES)

HOD  ATR Range Projection: 2849.25 LOD ATR Range Projection: 2821.50; Cycle Day 1 Low: 2791.75 3 Day Central Pivot: 2810.50; 3 Day Cycle Target: 2817.37; 10 Day Average True Range: 20.50; VIX: 11.04

Click Here

Nasdaq 100 (NQ)

Today is Cycle Day 3 (CD3)…Price vaulted higher exceeding all cycle targets. First sign of weakness would be violation and conversion of prior close (6931.00).

Scenario 1: IF price penetrates PC (6931.00), THEN expansion levels measure 6960 – 6967.50 zone. 

Scenario 2: IF price violates PC (6931.00), THEN lower levels measures 6910.25 – 6897.50 zone.

Range Projections and Key Levels (NQ)

HOD  ATR Range Projection: 6982.50; LOD ATR Range Projection: 6895.25; Cycle Day 1 Low: 6809.25 3 Day Central Pivot: 6850.75; 3 Day Cycle Target: 6903.12; 10 Day Average True Range: 62.75; VIX: 11.04

Click Here

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

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

Good Trading…David

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

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

PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS

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

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

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

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

Trade Strategy 1.22.18

Markets

As the government shutdown enters a third day, U.S. futures are edging down, the dollar is pulling back slightly and Treasury yields are touching 3 1/2-year highs. While broader markets have shown only modest weakness during shutdowns, with the S&P 500 falling an average of 0.6% historically over the period of closure.

In Asia, Japan flat. Hong Kong +0.4%. China +0.4%. India +0.8%
In Europe, at midday, London flat. Paris flat. Frankfurt +0.1%
Futures at 6:20, Dow -0.2%. S&P -0.1%. Nasdaq -0.1%. Crude flat at $63.31. Gold steady at $1332.90. Bitcoin -0.2% to $11504. 
Ten-year Treasury Yield +1 bps to 2.65% 

(Source: Seeking Alpha)

Economic Calendar

8:30 Chicago Fed National Activity Index

S&P 500 (ES)

Today is Cycle Day 2 (CD2)…Average Rally measures 2817.33. Max Penetration = 2825.00; Max Violation = 2786.50

Scenario 1: IF price clears and converts PC (2812.75), THEN upside potential measures 2616.25 – 2821.25 zone.

Scenario 2: IF price violates and converts VPOC (2806), THEN downside measures 2802 – 2800 zone.

Range Projections and Key Levels (ES)

HOD  ATR Range Projection: 2821.17 LOD ATR Range Projection: 2791.33; Cycle Day 1 Low: 2791.75 3 Day Central Pivot: 2801.00; 3 Day Cycle Target: 2817.37; 10 Day Average True Range: 19.17; VIX: 11.47

Click Here

Nasdaq 100 (NQ)

Today is Cycle Day 2 (CD2)…Average Rally measures 6866.66; Max Penetration = 6887.00; Max Violation = 6755.13.

Scenario 1: IF price clears and converts PC (6850.00), THEN upside potential measures 6875.00 – 6887 zone.

Scenario 2: IF price violates and converts VPOC (6833.50), THEN downside potential measures 6817.50 – 6812.00 zone.

Range Projections and Key Levels (NQ)

HOD  ATR Range Projection: 6882.23; LOD ATR Range Projection: 6789.52; Cycle Day 1 Low: 6809.25 3 Day Central Pivot: 6817.50; 3 Day Cycle Target: 6903.12; 10 Day Average True Range: 57.98; VIX: 11.47

Click Here

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

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

Good Trading…David

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

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

PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS

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

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

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

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

Trade Strategy 1.19.18

Markets
 
 The yield on the U.S. 10-year Treasury jumped overnight to its highest level since 2014, underlining a wider move in the bond market caused by central banks moving away from financial crisis policies. The yield, which moves inversely to the price, rose to 2.642% from 2.611%.
 
In Asia, Japan +0.2%. Hong Kong +0.4%. China +0.4%. India +0.7%
In Europe, at midday, London +0.4%. Paris +0.5%. Frankfurt +1%
Futures at 6:20, Dow +0.4%. S&P +0.3%. Nasdaq +0.5%. Crude -1% to $63.26. Gold +0.6% to $1335.20. Bitcoin +4.4% to $11749. 
Ten-year Treasury Yield +2 bps to 2.63%
  
(Source: Seeking Alpha)

Economic Calendar

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

S&P 500 (ES)

Today is Cycle Day 1 (CD1)…Normal average decline measures 2790.50. Support pivot (2793.00) was successfully tested in overnight trade as price has rallied to 2806. Option Expiry may have some influence on price action today.

Scenario 1: IF price clears and converts PH (2808.00), THEN upside measures 2811 – 2814 zone.

Scenario 2: IF price violates and converts 2793, THEN downside measures 2787 – 2784 zone.

Range Projections and Key Levels (ES)

HOD  ATR Range Projection: 2812.24 LOD ATR Range Projection: 2785.51; Cycle Day 1 Low: 2769.25 3 Day Central Pivot: 2794.50; 3 Day Cycle Target: 2817.37; 10 Day Average True Range: 20.49; VIX: 12.04

Click Here

Nasdaq 100 (NQ)

Today is Cycle Day 1 (CD1)…Average Decline measures 6786.50. Price successfully tested 6798.00 3D Central Pivot and has rallied to new all-time high in overnight trade action. Currently at 6848.50 range high, further upside potential targets 6856.00 3 Day Cycle Target.

Scenario 1: IF price clears and converts PH (6838.00, THEN upside expansion measures 6856 – 60 zone.

Scenario 2: IF price violates and converts PH (6838) back to lower resistance, THEN initial downside measures 6818 handle, followed by 6796.

Range Projections and Key Levels (NQ)

HOD  ATR Range Projection: 6862.08; LOD ATR Range Projection: 6791.67; Cycle Day 1 Low: 6729.25 3 Day Central Pivot: 6798.25; 3 Day Cycle Target: 6858.91; 10 Day Average True Range: 60.58; VIX: 12.04

Click Here

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

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

Good Trading…David

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

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

PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS

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

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

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

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

Trade Strategy 1.18.18

Markets
 
In Asia, Japan -0.4%. Hong Kong +0.4%. China +0.9%. India +0.5%
In Europe, at midday, London -0.4%. Paris +0.1%. Frankfurt +0.3%
Futures at 6:20, Dow +0.1%. S&P +0.1%. Nasdaq -0.1%. Crude -0.1% to $63.91. Gold -0.6% to $1330.90. Bitcoin +4% to $11583. 
Ten-year Treasury Yield +2 bps to 2.6%
  
(Source: Seeking Alpha)

Economic Calendar

8:30 Initial Jobless Claims
8:30 Housing Starts
8:30 Philly Fed Business Outlook
9:45 Bloomberg Consumer Comfort Index
10:30 EIA Natural Gas Inventory
11:00 EIA Petroleum Inventories
4:30 PM Money Supply
4:30 PM Fed Balance Sheet
6:05 PM Fed’s Mester: Monetary Policy

S&P 500 (ES)

Today is Cycle Day 3 (CD3)…Prices rallied past 3 Day Cycle targets extending and stopping at 2809 statistical Standard Deviation extreme. Expectation for today is for some back n fill to absorb recent reversal gains. 

Scenario 1: IF price clears and converts PH (2809.50), THEN expansion targets 2816 – 2818 zone.

Scenario 2: IF price violates and converts PC (2803.50) to lower resistance, THEN pullback targeting 2798 – 2794 zone. Three-Day Central Pivot is marked at 2793.25.

Range Projections and Key Levels (ES)

HOD  ATR Range Projection: 2822.18; LOD ATR Range Projection: 2786.00; Cycle Day 1 Low: 2769.25 3 Day Central Pivot: 2793.25; 3 Day Cycle Target: 2797.25; 10 Day Average True Range: 21.93; VIX: 11.92

Click Here

Nasdaq 100 (NQ)

Today is Cycle Day 3 (CD3)…Price exceed 3 Day Cycle target but fell slightly short of a new all-time high. Three-Day Central Pivot (6787.75) is marked as support.

Scenario 1: IF price clears and converts PH (6834.25), THEN expansion targets 6852 – 56 zone.

Scenario 2: IF price violates and converts PC (6819.50) to lower resistance, THEN initial target measures 6797.00, followed by 6787 3 Day Central Pivot.

Range Projections and Key Levels (NQ)

HOD  ATR Range Projection: 6868.96; LOD ATR Range Projection: 6771.54; Cycle Day 1 Low: 6729.25 3 Day Central Pivot: 6787.75; 3 Day Cycle Target: 6822.29; 10 Day Average True Range: 64.71; VIX: 11.92

Click Here

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