Trade Strategy 3.29.18

Markets
 
In Asia, Japan +0.6%. Hong Kong +0.2%. China +1.2%. India closed. 
In Europe, at midday, London +0.4%. Paris +0.6%. Frankfurt +0.7%
Futures at 6:20, Dow +0.3%. S&P +0.4%. Nasdaq +0.6%. Crude +0.1% to $64.44. Gold -0.1% to $1328.10. Bitcoin -5.8% to $7480. 
Ten-year Treasury Yield flat at 2.76%
 
(Source: Seeking Alpha)

Economic Calendar

8:30 Initial Jobless Claims
8:30 Personal Income and Outlays
9:45 Bloomberg Consumer Comfort Index
9:45 Chicago PMI
10:00 Consumer Sentiment
10:30 EIA Natural Gas Inventory
1:00 PM Fed’s Harker: Economic Outlook
1:00 PM Baker-Hughes Rig Count
4:30 PM Money Supply
4:30 PM Fed Balance Sheet

S&P 500

Today is Cycle Day 2 (CD2)…Price is extending its consolidation pattern from prior session as last trading day of quarter before long Easter Holiday break. Short-term trend remains bearish below 3 Day Central Pivots. Current range 2593 – 2630.

Scenario 1: IF price clears and converts 2626, THEN odds favor a push higher to test 2630 key resistance.

Scenario 2: IF price violates and converts 2604, THEN odds favor pushing to retest 2593 handle.

HOD  ATR Range Projection: 2654.00; LOD ATR Range Projection: 2567.00; Cycle Day 1 Low: 2593.00; 3 Day Central Pivot: 2626.00; 3 Day Cycle Target: 2663.50; 10 Day Average True Range 52.95; VIX: 22.29

Click Here

Nasdaq 100 (NQ)

Today is Cycle Day 2 (CD2)…Price is extending its consolidation pattern from prior session as last trading day of quarter before long Easter Holiday break. Short-term trend remains bearish below 3 Day Central Pivots. Current range 6421.00 – 6580.

Scenario 1: IF price clears and converts 6540.00, THEN odds favor a push higher to test 6580.50 key resistance.

Scenario 2: IF price violates and converts 6470.00 to resistance, THEN odds favor push down to retest 6421 handle.

Range Projections and Key Levels (NQ)

HOD  ATR Range Projection: 6650.12; LOD ATR Range Projection: 6355.63; Cycle Day 1 Low: 6421.00; 3 Day Central Pivot: 6607.00; 3 Day Cycle Target: 6613.50; 10 Day Average True Range: 181.12; VIX: 22.29

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 3.28.18

Markets
 
Equity markets are wobbly once again amid a tech shakeout, but investors today will also be focusing on the U.S. economy and GDP data. The third estimate for the fourth-quarter is expected to show output growing at a 2.7% annualized rate instead of the 2.5% pace reported last month. The Commerce Department will further publish its advance estimates for February goods trade deficit, retail and wholesale inventories, which could have an impact on Q1 GDP forecasts.
 
In Asia, Japan -1.3%. Hong Kong -2.5%. China -1.4%. India -0.6%
In Europe, at midday, London -0.3%. Paris -1%. Frankfurt -1%
Futures at 6:20, Dow -0.1%. S&P -0.1%. Nasdaq -0.5%. Crude -0.9% to $64.63. Gold +0.2% to $1344. Bitcoin +3.2% to $8037. 
Ten-year Treasury Yield -3 bps to 2.75%
 
(Source: Seeking Alpha)

Economic Calendar

7:00 MBA Mortgage Applications
8:30 GDP Q4
8:30 International trade in goods
8:30 Corporate profits
8:30 Retail Inventories (Advance)
8:30 Wholesale Inventories (Advance)
10:00 Pending Home Sales
10:30 EIA Petroleum Inventories
11:30 Results of $15B, 2-Year FRN Auction
1:00 PM Results of $29B, 7-Year Note Auction
3:00 PM Farm Prices

S&P 500

Today is Cycle Day 1 (CD1)…Markets are attempting to stabilize following prior session sell-down. Price will need to hold above PC (2612.75) for a recovery rally targeting 2645 handle. Violation and conversion of PL (2596.00) opens trap-door targeting 2578 handle.

Scenario 1: IF price clears and converts 2627 handle, THEN upside measures 2637 – 41 zone.

Scenario 2: IF price violates and converts 2600, THEN downside measures 2590, followed by 2582 handle.

HOD  ATR Range Projection: 2655.75; LOD ATR Range Projection: 2558.25; Cycle Day 1 Low: 2586.00; 3 Day Central Pivot: 2627.00; 3 Day Cycle Target: 2670.50; 10 Day Average True Range 55.66; VIX: 22.17

Click Here

Nasdaq 100 (NQ)

Today is Cycle Day 1 (CD1)…Markets are attempting to stabilize following prior session sell-down. Price will need to hold above PC (6552.25) for a recovery rally targeting 6611 handle. Violation and conversion of PL (6490) opens trap-door targeting 6456.25 handle.

Scenario 1: IF price clears and converts 6582 handle, THEN upside measures 6600 – 6611 zone.

Scenario 2: IF price violates and converts 6500, THEN downside measures 6456.25.

Range Projections and Key Levels (NQ)

HOD  ATR Range Projection: 6672.50; LOD ATR Range Projection: 6394.75; Cycle Day 1 Low: 6519.00; 3 Day Central Pivot: 6640.00; 3 Day Cycle Target: 6677.50; 10 Day Average True Range: 187.25; VIX: 22.17

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 3.27.18

Markets
 
It’s a powerful comeback from one of the worst weeks for stocks in years. Equities across the globe are building on Monday’s rally, when the Dow recorded its biggest one-day point gain since 2008 and the S&P 500 jumped 2.7%. Reports of trade talks between the U.S. and China have reduced fears of a possible trade war, while some traders are pointing to additional forces, including equity valuations, chart patterns and fund positioning.
 
In Asia, Japan +2.4%. Hong Kong +0.8%. China +1.1%. India +0.3%
In Europe, at midday, London +1.9%. Paris +1.5%. Frankfurt +2%
Futures at 6:20, Dow +0.6%. S&P +0.7%. Nasdaq +1%. Crude +0.4% to $65.80. Gold -0.5% to $1349. Bitcoin -2.3% to $7950. 
Ten-year Treasury Yield flat at 2.85%
 
(Source: Seeking Alpha)

Economic Calendar

8:55 Redbook Chain Store Sales
9:00 S&P Corelogic Case-Shiller Home Price Index
10:00 Consumer Confidence
10:00 Richmond Fed Mfg.
1:00 PM Results of $34B, 5-Year Note Auction

S&P 500

Today is Cycle Day 3 (CD3)…Price successfully tested key “over/under” 2612 early in session as bears were unable to regain control. Note: Prior DTS Report’s Scenario 2 stated: “Bears are on the defensive below 2651 handle and need to regain control below 2612.”

Bulls regained control and reversal uptrend accelerated once Open Range High 2634 was cleared, driving to close session near high of day. Overnight trade is extending gains fulfilling range objective 2679 handle.

Scenario 1: IF price clears and converts PH (2662.75), THEN upside measures 2679 CD3 range projection.

Scenario 2: IF price violates and converts PC (2659.75), THEN pullback objective measures 2648 – 2643 zone.

HOD  ATR Range Projection: 2707.10; LOD ATR Range Projection: 2649.40; Cycle Day 1 Low: 2586.00; 3 Day Central Pivot: 2641.00; 3 Day Cycle Target: 2651.50; 10 Day Average True Range 50.25; VIX: 20.29

Click Here

Nasdaq 100 (NQ)

Today is Cycle Day 3 (CD3)…Price successfully tested key “over/under” 6620 early in session as bears were unable to regain control. Note: Prior DTS Report’s Scenario 2 stated: “Bears are on the defensive below 6657.75 handle and need to regain control below 6575.00.”

Bulls regained control and reversal uptrend accelerated once Open Range High 6673.75 was cleared, driving to close session near high of day. Overnight trade is extending gains fulfilling range objective 6820 handle.

Scenario 1: IF price clears and converts PH (6779), THEN upside measures 6820 CD3 range projection.

Scenario 2: IF price violates and converts PC (6776), THEN pullback objective measures 6715 – 6697 zone.

Range Projections and Key Levels (NQ)

HOD  ATR Range Projection: 6926.09; LOD ATR Range Projection: 6693.66; Cycle Day 1 Low: 6519.00; 3 Day Central Pivot: 6685.00; 3 Day Cycle Target: 6696.75; 10 Day Average True Range: 155.59; VIX: 20.29

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 3.26.18

Markets
 
In Asia, Japan +0.7%. Hong Kong +0.8%. China -0.6%. India +1.4%
In Europe, at midday, London +0.3%. Paris +0.3%. Frankfurt +0.5%
Futures at 6:20, Dow +1.2%. S&P +1.4%. Nasdaq +1.7%. Crude -0.4% to $65.61. Gold -0.1% to $1348.30. Bitcoin -1.7% to $8306. 
Ten-year Treasury Yield +1 bps to 2.84%
 
(Source: Seeking Alpha)

Economic Calendar

8:30 Chicago Fed National Activity Index
10:30 Dallas Fed Manufacturing Survey
12:30 PM Fed’s Dudley Speech
1:00 PM Results of $30B, 2-Year Note Auction
4:30 PM Fed’s Mester: Monetary Policy and Economic Outlook

S&P 500

Today is Cycle Day 2 (CD2)…Price is rallying from deep CD1 Low (2586.00) fulfilling initial projected range target 2629.50 during overnight session.

Scenario 1: Bulls regained ball-control overnight recovering back to 2636 ATR (10) range projection. Conversion of this level to upper support would suggest further gains targeting 2651 – 2661 zone.

Scenario 2: Bears are on the defensive below 2651 handle and need to regain control below 2612.

HOD  ATR Range Projection: 2626.25; LOD ATR Range Projection: 2590.50; Cycle Day 1 Low: 2586.00; 3 Day Central Pivot: 2670.00; 3 Day Cycle Target: 2651.50; 10 Day Average True Range 45.19; VIX: 22.23

Click Here

Nasdaq 100 (NQ)

Today is Cycle Day 2 (CD2)…Price is rallying from deep CD1 Low (6519.00) fulfilling initial projected range target 6665.00 during overnight session.

Scenario 1: Bulls regained ball-control overnight recovering back to 6657.75 ATR (10) range projection. Conversion of this level to upper support would suggest further gains targeting 6696 – 6730 zone.

Scenario 2: Bears are on the defensive below 6657.75 handle and need to regain control below 6575.00

Range Projections and Key Levels (NQ)

HOD  ATR Range Projection: 6657.75; LOD ATR Range Projection: 6539.75; Cycle Day 1 Low: 6519.00; 3 Day Central Pivot: 6751.25; 3 Day Cycle Target: 6696.75; 10 Day Average True Range: 132.75; VIX: 22.23

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 3.23.18

Markets
 
In Asia, Japan -4.5%. Hong Kong -2.5%. China -3.4%. India -1.2%
In Europe, at midday, London -0.6%. Paris -1.5%. Frankfurt -1.6%
Futures at 6:20, Dow -0.8%. S&P -0.6%. Nasdaq -1.1%. Crude +0.3% to $64.51. Gold +1.1% to $1342.40. Bitcoin -2.7% to $8479. 
Ten-year Treasury Yield flat at 2.82%
 
(Source: Seeking Alpha)

Economic Calendar

8:10 Fed’s Bostic Speech
8:30 Durable Goods
10:00 New Home Sales
1:00 PM Baker-Hughes Rig Count

S&P 500

Today is Cycle Day 1 (CD1)…Normal is for a decline measuring 2625.75. Average Range for CD1 is 42.29 handles. Odds of decline > 10 handles = 71% Odds of decline > 20 = 41% Possible CD1 Range Low = 2624.50.

Scenario 1: Bulls must hold above 2642.60 to stabilize price action from prior session aggressive sell-off. IF successful, THEN initial recovery targets 2643.25 – 2646.75 zone, followed by 2656.25.

Scenario 2: Bears job is to continue the press below PC (2646.75) and force a violation of 2634.50 handle to extend the down-slide targeting 2617, followed by 2607.75.

HOD  ATR Range Projection: 2656.21; LOD ATR Range Projection: 2607.79; Cycle Day 1 Low: 2712.75; 3 Day Central Pivot: 2706.00; 3 Day Cycle Target: 2778.00; 10 Day Average True Range 39.06; VIX: 24.10

Click Here

Nasdaq 100 (NQ)

Today is Cycle Day 1 (CD1)…Normal is for a decline measuring 6642.75. Average Range for CD1 is 117.40 handles. Odds of decline > 20 handles = 72% Odds of decline > 25 = 63% Possible CD1 Range Low = 6577.75.

Scenario 1: Bulls must hold above 6600 to stabilize price action from prior session aggressive sell-off. IF successful, THEN initial recovery targets 6694.75 – 6712.00 zone, followed by 6773 handle.

Scenario 2: Bears job is to continue the press below PC (6694.75) and force a violation of 6600 handle to extend the down-slide targeting 6590, followed by 6577.75

Range Projections and Key Levels (NQ)

HOD  ATR Range Projection: 6711.98; LOD ATR Range Projection: 6577.52; Cycle Day 1 Low: 6863.00; 3 Day Central Pivot: 6853.25; 3 Day Cycle Target: 7039.00; 10 Day Average True Range: 117.73; VIX: 24.10

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 3.22.18

Markets
 
In Asia, Japan +1%. Hong Kong -1.1%. China -0.5%. India +0.4%
In Europe, at midday, London -0.8%. Paris -1.1%. Frankfurt -1.2%
Futures at 6:20, Dow -0.8%. S&P -0.8%. Nasdaq -1.2%. Crude -0.5% to $64.83. Gold +0.6% to $1329.80. Bitcoin -1.7% to $8742. 
Ten-year Treasury Yield -5 bps to 2.85% 
 
(Source: Seeking Alpha)

Economic Calendar

8:30 Initial Jobless Claims
9:00 FHFA House Price Index
9:45 PMI Composite Flash
9:45 Bloomberg Consumer Comfort Index
10:00 Leading Indicators
10:30 EIA Natural Gas Inventory
11:00 Kansas City Fed Mfg Survey
4:30 PM Money Supply
4:30 PM Fed Balance Sheet

S&P 500 (ES)

Today is Cycle Day 3 (CD3)…Markets have taken “hawkish” stance by the Powell Fed negatively as price is trading significantly lower reaching 2695 average range in overnight trade. Possible CD3 Range Low = 2683.50.

Scenario 1: Bulls need to hold average range low and push back for recovery rally back above 2712.75 CD1 Low. otherwise a failed 3 day cycle.

Scenario 2: Bears have ball control below 2712.75 CD1 Low with potential to press for 2683.50 handle.

HOD  ATR Range Projection: 2726.84; LOD ATR Range Projection: 2694.66; Cycle Day 1 Low: 2712.75; 3 Day Central Pivot: 2724.00; 3 Day Cycle Target: 2778.00; 10 Day Average True Range 31.41; VIX: 19.20

Click Here

Nasdaq 100 (NQ)

Today is Cycle Day 3 (CD3)…Markets have taken “hawkish” stance by the Powell Fed negatively as price is trading significantly lower reaching 2695 average range in overnight trade. Possible CD3 Range Low = 6790.00

Scenario 1: Bulls need to hold average range low and push back for recovery rally back above 6863.00 CD1 Low. otherwise a failed 3 day cycle.

Scenario 2: Bears have ball control below 6863.00 CD1 Low with potential to press for 6790.00 CD3 range low.

Range Projections and Key Levels (NQ)

HOD  ATR Range Projection: 6894.89; LOD ATR Range Projection: 6810.61; Cycle Day 1 Low: 6863.00; 3 Day Central Pivot: 6907.00; 3 Day Cycle Target: 7039.00; 10 Day Average True Range: 104.39; VIX: 19.20

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 3.21.18

Markets
 
The Fed Chairman will host his maiden post-policy statement press conference today following what is expected to be this year’s first interest rate hike amid inflation pressure and a strengthening U.S. economy. Investors will also be closely scrutinizing his words about the central bank’s thinking, economic growth forecasts and the likely pace of rate increases for the rest of 2018.
 
In Asia, Japan closed. Hong Kong -0.4%. China -0.3%. India +0.4%
In Europe, at midday, London -0.4%. Paris -0.1%. Frankfurt +0.2%
Futures at 6:20, Dow flat. S&P flat. Nasdaq -0.3%. Crude +1.1% to $64.22. Gold +0.3% to $1315.70. Bitcoin +1.8% to $9073. 
Ten-year Treasury Yield +1 bps to 2.89%
 
(Source: Seeking Alpha)

Economic Calendar

7:00 MBA Mortgage Applications
8:30 Current Account
10:00 Existing Home Sales
10:30 EIA Petroleum Inventories
2:00 PM FOMC Announcement
2:00 PM FOMC Forecast
2:00 PM Chairman Press Conference

S&P 500 (ES)

Today is Cycle Day 2 (CD2)… As expected, price traded in a consolidation range throughout the session. PTG Trading Room post outlined this scenario: “David Dube 9:08 AM: ES – NQ Odds favor more of a back n fill type consolidation.”

Inaugural meeting for new Fed Chairman Powell, so expectation will be for relatively quiet trade ahead of today’s announcement and Press Conference.

Scenario 1: Bulls need to clear and converts 2728 – 30 zone to get an upside push targeting 2736 – 2739 zone.

Scenario 2: Bears need to press below 2712 – 10 zone to get a downside push targeting 2705 – 2696 zone.

HOD  ATR Range Projection: 2749.42; LOD ATR Range Projection: 2696.08; Cycle Day 1 Low: 2712.75; 3 Day Central Pivot: 2734.75; 3 Day Cycle Target: 2778.00; 10 Day Average True Range 31.45; VIX: 18.00

Click Here

Nasdaq 100 (NQ)

Today is Cycle Day 2 (CD2)… As expected, price traded in a consolidation range throughout the session. PTG Trading Room post outlined this scenario: “David Dube 9:08 AM: ES – NQ Odds favor more of a back n fill type consolidation.”

Inaugural meeting for new Fed Chairman Powell, so expectation will be for relatively quiet trade ahead of today’s announcement and Press Conference.

Scenario 1: Bulls need to clear and convert 6930 handle to get an upside push targeting 6942 – 6962 zone.

Scenario 2: Bears need to press below 6974 – 6970 zone to get a downside push targeting 6840 – 6815 zone.

Range Projections and Key Levels (NQ)

HOD  ATR Range Projection: 6987.22; LOD ATR Range Projection: 6820.03; Cycle Day 1 Low: 6863.00; 3 Day Central Pivot: 6921.25; 3 Day Cycle Target: 7039.00; 10 Day Average True Range: 103.47; VIX: 18.00

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 3.20.18

Markets
 
In Asia, Japan -0.5%. Hong Kong +0.1%. China +0.4%. India +0.2%
In Europe, at midday, London +0.3%. Paris +0.2%. Frankfurt +0.2%
Futures at 6:20, Dow -0.1%. S&P flat. Nasdaq -0.2%. Crude +1% to $62.75. Gold -0.4% to $1312.20. Bitcoin -1.6% to $8458. 
Ten-year Treasury Yield +2 bps to 2.86%
 
(Source: Seeking Alpha)

Economic Calendar

FOMC meeting begins
8:55 Redbook Chain Store Sales

S&P 500 (ES)

Today is Cycle Day 1 (CD1)…Normal is for a decline measuring 2702.50.. Average Range for CD1 is 41.94 handles. Odds of decline > 10 handles = 71% Odds of decline > 20 = 41% Possible CD1 Range Low = 2685.50.

Prior Session’s decline which was greater than normal fulfilled Cycle Day 1 objective of 2702.50. Potential for a retest of this low exists for surety 

Scenario 1: Bulls need to hold firmly above 2710 handle and convert 2728 to support for recovery rally to continue targeting 2734 – 38 zone.

Scenario 2: Bears need a violation and conversion below 2710 to retest prior low (2697.25) IF this occurs and violated, THEN door is open targeting 2693 down through 2681 zone.

HOD  ATR Range Projection: 2751.63; LOD ATR Range Projection: 2693.12; Cycle Day 1 Low: 2783.75; 3 Day Central Pivot: 2746.50; 3 Day Cycle Target: 2787.50; 10 Day Average True Range 35.10; VIX: 18.60

Click Here

Nasdaq 100 (NQ)

Today is Cycle Day 1 (CD1)…Normal is for a decline measuring 6857.25. Average Range for CD1 is 115.88 handles. Odds of decline > 20 handles = 72% Odds of decline > 25 = 63% Possible CD1 Range Low = 6878.75.

Scenario 1: Bulls need to keep PC (6915.50) solidly bid for further recovery rally to unfold targeting 6960 – 70 zone.

Scenario 2: Bears need to keep solid offer below PC (6915.50) and press for a retest of PL (6821.25).

Range Projections and Key Levels (NQ)

HOD  ATR Range Projection: 6988.36; LOD ATR Range Projection: 6798.39; Cycle Day 1 Low: 7124.00; 3 Day Central Pivot: 7018.00; 3 Day Cycle Target: 7205.00; 10 Day Average True Range: 113.36; VIX: 18.60

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 3.19.18

Markets
 
In Asia, Japan -0.9%. Hong Kong flat. China +0.4%. India -0.8%
In Europe, at midday, London -1.3%. Paris -0.7%. Frankfurt -1%
Futures at 6:20, Dow -0.6%. S&P -0.5%. Nasdaq -1.4%. Crude -0.4% to $62.15. Gold -0.1% to $1312.80. Bitcoin +0.3% to $8223. 
Ten-year Treasury Yield +1 bps to 2.86% 
 
(Source: Seeking Alpha)

Economic Calendar

No Economic Reports

S&P 500 (ES)

Today is Cycle Day 3 (CD3)…Average Range = 22.25 Possible Low = 2734.50 Price is currently trading below prior session range and has reached initial low target. Further weakness below this level opens door to deeper decline measuring 2725 handle.

Scenario 1: Bulls need to recover price back above PL (2750.25) to stem further weakness. IF successful, THEN upside measures 2757.50 – 2760.00 3 Day Central Pivot Zone.

Scenario 2: Bears have an opening to continue to press for lower prices targeting 2716 handle.

HOD  ATR Range Projection: 2763.68; LOD ATR Range Projection: 2726.00; Cycle Day 1 Low: 2783.75; 3 Day Central Pivot: 2758.75; 3 Day Cycle Target: 2710.42; 10 Day Average True Range 30.35; VIX: 17.06

Click Here

Nasdaq 100 (NQ)

Today is Cycle Day 3 (CD3)…Average Range = 116.00 Possible Low = 6927.00 Price is currently trading below prior session range and has reached CD3 Range Low (6927.00). .

Scenario 1: Bulls need to recover price back above PL (7033.00) to stem further weakness. IF successful, THEN upside measures 7062.75 – 7067.25 3 Day Central Pivot Zone.

Scenario 2: Bears have an opening to continue to press for lower prices targeting 6927.00 handle.

Range Projections and Key Levels (NQ)

HOD  ATR Range Projection: 7018.38; LOD ATR Range Projection: 6952.62; Cycle Day 1 Low: 7124.00; 3 Day Central Pivot: 7067.25; 3 Day Cycle Target: 7205.00; 10 Day Average True Range: 90.38; VIX: 17.06

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 3.16.18

Markets
 
In Asia, Japan -0.6%. Hong Kong -0.1%. China -0.7%. India -1.5%
In Europe, at midday, London +0.2%. Paris +0.2%. Frankfurt +0.6%
Futures at 6:20, Dow -0.1%. S&P flat. Nasdaq -0.1%. Crude +0.4% to $61.41. Gold +0.2%to $1320.30. Bitcoin -1.7% to $8116. 
Ten-year Treasury Yield flat at 2.81% 
 
(Source: Seeking Alpha)

Economic Calendar

8:30 Housing Starts
9:15 Industrial Production
10:00 Consumer Sentiment
10:00 Job Openings and Labor Turnover Survey
1:00 PM Baker-Hughes Rig Count

S&P 500 (ES)

Today is Cycle Day 2 (CD2)…Part of this cycle’s rally is in-place…Options Expiration may add some choppiness and confusion to price action. Price is currently trading near Prior Close (2758.50) in Globex Session.

Scenario 1: Bulls must penetrate and convert 2758.50 to get any upside range expansion targeting 2776 handle.

Scenario 2: Bears must violate and convert 2745.00 to get any downside range expansion targeting 2737 handle.

HOD  ATR Range Projection: 2784.75; LOD ATR Range Projection: 2725.00; Cycle Day 1 Low: 2783.75; 3 Day Central Pivot: 2766.25; 3 Day Cycle Target: 2710.42; 10 Day Average True Range 34.09; VIX: 16.35

Click Here

Nasdaq 100 (NQ)

Today is Cycle Day 2 (CD2)…Part of this cycle’s rally is in-place…Options Expiration may add some choppiness and confusion to price action. Price is currently trading near Prior Close (7076.25) in Globex Session.

Scenario 1: Bulls must penetrate and convert 7100.00 to get any upside range expansion targeting 7120 handle.

Scenario 2: Bears must violate and convert 7032.50 to get any downside range expansion targeting 6991 handle.

Range Projections and Key Levels (NQ)

HOD  ATR Range Projection: 7150.46; LOD ATR Range Projection: 6984.04; Cycle Day 1 Low: 7124.00; 3 Day Central Pivot: 7084.25; 3 Day Cycle Target: 7205.00; 10 Day Average True Range: 98.96; VIX: 16.35

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