Trade Strategy 4.30.18

Markets
 
In Asia, Japan closed. Hong Kong +1.7%. China closed. India +0.6%
In Europe, at midday, London flat. Paris +0.2%. Frankfurt +0.5%
Futures at 6:20, Dow +0.4%. S&P +0.3%. Nasdaq +0.5%. Crude -1.1% to $67.36. Gold -0.5% to $1316.90. Bitcoin -1.4% to $9258. 
Ten-year Treasury Yield flat at 2.96%
 
(Source: Seeking Alpha)
 
Economic Calendar

8:30 Personal Income and Outlays
9:45 Chicago PMI
10:00 Pending Home Sales
10:30 Dallas Fed Manufacturing Survey

S&P 500

Today is Cycle Day 2 (CD2)…Price is currently hold bid above prior close (2671.50). Average Range for CD2 = 47.61.

Scenario 1: IF price holds PC (2671.50), THEN initial objective is to clear n convert PH (2676.25) which would target 2693 – 97 zone.

Scenario 2: IF price violates and converts PC (2671.50), THEN initial objective targets 2660 – 2655 zone.

HOD  ATR Range Projection: 2704.50; LOD ATR Range Projection: 2647.75; Cycle Day 1 Low: 2616.00; 3 Day Central Pivot: 2656.00; 3 Day Cycle Target: 2692.00; 10 Day Average True Range 34.50; VIX: 15.44

Click Here

Nasdaq 100 (NQ)

Today is Cycle Day 2 (CD2)…Price is currently hold bid above prior close (6672.00). Average Range for CD2 = 150.00

Scenario 1: IF price holds PC (6672.00), THEN initial objective is to clear n convert ONH (6712.50) which would target 6770 – 6805 zone.

Scenario 2: IF price violates and converts PC (2671.50), THEN initial objective targets 6633 – 6610  zone.

Range Projections and Key Levels (NQ)

HOD  ATR Range Projection: 6804.50; LOD ATR Range Projection: 6574.50; Cycle Day 1 Low: 6467.25; 3 Day Central Pivot: 6633.00; 3 Day Cycle Target: 6792.00; 10 Day Average True Range: 138.00; VIX: 15.44

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 4.27.18

Markets
 
In Asia, Japan +0.7%. Hong Kong +0.9%. China +0.2%. India +0.7%
In Europe, at midday, London +0.7%. Paris +0.1%. Frankfurt +0.7%
Futures at 6:20, Dow -0.3%. S&P -0.2%. Nasdaq +0.2%. Crude -0.3% to $68.02. Gold +0.2% to $1320.30. Bitcoin +0.7% to $9346. 
Ten-year Treasury Yield -1 bps to 2.97%
 
(Source: Seeking Alpha)
 
Economic Calendar

8:30 GDP Q1
8:30 Employment Cost Index
10:00 Consumer Sentiment
1:00 PM Baker-Hughes Rig Count 
3:00 PM Farm Prices

S&P 500

Today is Cycle Day 1 (CD1)…Normal is for a decline measuring 2608.50. Average Range for CD1 is 53.39 handles. Odds of decline > 10 handles = 71% Odds of decline > 20 = 41% Possible CD1 Range Low = 2653.00

Scenario 1: IF price converts 2673 to support, THEN upside expansion targets 2688 – 89 zone.

Scenario 2: IF price converts 2660 to resistance, THEN downside targets 2655 – 50 zone.

HOD  ATR Range Projection: 2703.25; LOD ATR Range Projection: 2637.75; Cycle Day 1 Low: 2616.00; 3 Day Central Pivot: 2650.00; 3 Day Cycle Target: 2692.00; 10 Day Average True Range 38.00; VIX: 16.25

Click Here

Nasdaq 100 (NQ)

Today is Cycle Day 1 (CD1)…Normal is for a decline measuring 6546.50. Average Range for CD1 is 152.56 handles. Odds of decline > 20 handles = 72% Odds of decline > 25 = 63% Possible CD1 Range Low = 6604.50.

Scenario 1: IF price converts 6742.25 to support, THEN expansion targets 6780.50.

Scenario 2: IF price converts 6720 to resistance, THEN downside targets 6705.50.

Range Projections and Key Levels (NQ)

HOD  ATR Range Projection: 6870.00; LOD ATR Range Projection: 6616.00; Cycle Day 1 Low: 6467.25; 3 Day Central Pivot: 6593.50; 3 Day Cycle Target: 6792.00; 10 Day Average True Range: 139.00; VIX: 16.25

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 4.26.18

Markets
 
In Asia, Japan +0.5%. Hong Kong -1.1%. China -1.4%. India +0.6%
In Europe, at midday, London +0.2%. Paris +0.5%. Frankfurt +0.2%
Futures at 6:20, Dow +0.2%. S&P +0.3%. Nasdaq +0.6%. Crude +0.6% to $68.48. Gold +0.3% to $1326.30. Bitcoin -0.4% to $8831. 
Ten-year Treasury Yield -2 bps to 3%
 
(Source: Seeking Alpha)
 
Economic Calendar

8:30 Durable Goods
8:30 Initial Jobless Claims
8:30 International trade in goods
8:30 Retail Inventories (Advance)
8:30 Wholesale Inventories (Advance)
9:45 Bloomberg Consumer Comfort Index
10:30 EIA Natural Gas Inventory
11:00 Kansas City Fed Mfg Survey
1:00 PM Results of $29B, 7-Year Note Auction
4:30 PM Money Supply
4:30 PM Fed Balance Sheet

S&P 500

Today is Cycle Day 3 (CD3)…Current cycle rally has fulfilled or exceeded minimum cycle objectives. As such bullish momentum may continue to accelerate price higher, though a violation and conversion of overnight low could stall and reverse the rally. 

Scenario 1: IF price clears and converts 2654.75 to support, THEN upside targets 2662 handle.

Scenario 2: IF price violates and converts 2639.50, THEN downside targets 2532 handle.

HOD  ATR Range Projection: 2678.00; LOD ATR Range Projection: 2617.00; Cycle Day 1 Low: 2616.00; 3 Day Central Pivot: 2651.00; 3 Day Cycle Target: 2692.00; 10 Day Average True Range 38.27; VIX: 17.67

Click Here

Nasdaq 100 (NQ)

Today is Cycle Day 3 (CD3)…Current cycle rally has fulfilled or exceeded minimum cycle objectives. As such bullish momentum may continue to accelerate price higher, though a violation and conversion of overnight low could stall and reverse the rally. 

Scenario 1: IF price clears and converts 6612.50 to support, THEN upside targets 6650 handle.

Scenario 2: IF price violates and converts 6559.25, THEN downside targets 6540 handle.

Range Projections and Key Levels (NQ)

HOD  ATR Range Projection: 6694.00; LOD ATR Range Projection: 6478.00; Cycle Day 1 Low: 6467.25; 3 Day Central Pivot: 6588.50; 3 Day Cycle Target: 6695.00; 10 Day Average True Range: 134.78; VIX: 17.67

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 4.25.18

Markets
 
U.S. stock index futures are stumbling again this morning as the benchmark 10-year Treasury yield rose above 3% for the first time in four years, sparking concerns over higher borrowing costs for companies already facing rising commodity prices.
 
In Asia, Japan -0.3%. Hong Kong -1%. China -0.4%. India -0.3%
In Europe, at midday, London -0.6%. Paris -0.7%. Frankfurt -1.5%
Futures at 6:20, Dow -0.2%. S&P -0.3%. Nasdaq -0.4%. Crude +0.2% to $67.81. Gold -0.5% to $1325.90. Bitcoin -4.9% to $9182. 
Ten-year Treasury Yield +4 bps to 3.02%
 
(Source: Seeking Alpha)
 
Economic Calendar

7:00 MBA Mortgage Applications
10:30 EIA Petroleum Inventories
11:30 Results of $17B, 2-Year FRN Auction
1:00 PM Results of $35B, 5-Year Note Auction

S&P 500

Today is Cycle Day 2 (CD2)…Prior session resulted in a normal CD1 day as early price strength reversed fulfilling or exceeding CD1 lower projections. Price continues to find a stable bid in overnight trade as bears remain dominant on this downswing.

Scenario 1: Bulls need a conversion above PC (2635.50)…IF successful, THEN recovery targets 2658 – 2666 zone.

Scenario 2: Bears have ball control and seeking to force long liquidation below PL (2616.00). IF successful, THEN downside targets 2600 – 2692 zone.

HOD  ATR Range Projection: 2657.50; LOD ATR Range Projection: 2600.00; Cycle Day 1 Low: 2616.00; 3 Day Central Pivot: 2664.75; 3 Day Cycle Target: 2692.00; 10 Day Average True Range 39.44; VIX: 19.00

Click Here

Nasdaq 100 (NQ)

Today is Cycle Day 2 (CD2)…Prior session resulted in a normal CD1 day as early price strength reversed fulfilling or exceeding CD1 lower projections. Price continues to find a stable bid in overnight trade as bears remain dominant on this downswing.

Scenario 1: Bulls need a conversion above PC (6526.50)..IF successful, THEN recovery targets 6614.25 – 6648.00 zone.

Scenario 2: Bears have ball control and seeking to force long liquidation below PL (6467.25). IF successful, THEN downside targets 6400.00 – 6382.00 zone.

Range Projections and Key Levels (NQ)

HOD  ATR Range Projection: 6614.25; LOD ATR Range Projection: 6400.00; Cycle Day 1 Low: 6467.25; 3 Day Central Pivot: 6648.00; 3 Day Cycle Target: 6695.00; 10 Day Average True Range: 138.75; VIX: 19.00

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 4.24.18

Markets
 
In Asia, Japan +0.9%. Hong Kong +1.3%. China +2%. India +0.5%
In Europe, at midday, London +0.2%. Paris -0.1%. Frankfurt +0.2%
Futures at 6:20, Dow -0.1%. S&P +0.1%. Nasdaq +0.1%. Crude -0.3% to $68.18. Gold -1% to $1325.20. Bitcoin +4% to $9291. 
Ten-year Treasury Yield flat at 2.97% 
 
(Source: Seeking Alpha)
 
Economic Calendar

8:55 Redbook Chain Store Sales
9:00 S&P Corelogic Case-Shiller Home Price Index
9:00 FHFA House Price Index
10:00 Consumer Confidence
10:00 New Home Sales
10:00 Richmond Fed Mfg.
10:00 State Street Investor Confidence Index
1:00 PM Results of $32B, 2-Year Note Auction

S&P 500

Today is Cycle Day 1 (CD1)…Normal is for a decline measuring 2625.5. Average Range for CD1 is 51.00 handles. Odds of decline > 10 handles = 71% Odds of decline > 20 = 41% Possible CD1 Range Low = 2665.25

Scenario 1: IF price holds PC (2672.00), THEN clears and converts PH (2684.75) THEN upside expansion targets 2694 – 96 zone.

Scenario 2: IF price violates and converts PC (2672.00), THEN downside targets 2665.25 – 2663.25 zone.

HOD  ATR Range Projection: 2704.00; LOD ATR Range Projection: 2655.00; Cycle Day 1 Low: 2660.75; 3 Day Central Pivot: 2681.25; 3 Day Cycle Target: 2798.00; 10 Day Average True Range 33.15; VIX: 15.65

Click Here

Nasdaq 100 (NQ)

Today is Cycle Day 1 (CD1)…Normal is for a decline measuring 6765.75. Average Range for CD1 is 143.75 handles. Odds of decline > 20 handles = 72% Odds of decline > 25 = 63% Possible CD1 Range Low = 6574.00.

Scenario 1: IF price holds PC (6662.50), THEN upside expansion targets 6714.25 – 6733.75 3 Day Central Pivot Zone.

Scenario 2: IF price violates and converts PC (6662.50), THEN downside targets 6628.50 – 6616.75 zone.

Range Projections and Key Levels (NQ)

HOD  ATR Range Projection: 6773.00; LOD ATR Range Projection: 6599.00; Cycle Day 1 Low: 6639.25; 3 Day Central Pivot: 6724.00; 3 Day Cycle Target: 6858.50; 10 Day Average True Range: 118.79; VIX: 15.65

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 4.23.18

Markets
 
The 10-year Treasury yield is knocking on the door of 3%, a level it hasn’t topped in more than four years. Signs of a thawing of relations between the U.S. and China are putting upward pressure as rising commodity prices force inflation expectations higher. The last time yields neared the 3% bulwark was in 2013, when they rocked risk appetite ahead of a major oil price crash.
 
In Asia, Japan -0.3%. Hong Kong -0.5%. China -0.1%. India +0.1%
In Europe, at midday, London -0.1%. Paris -0.1%. Frankfurt -0.2%
Futures at 6:20, Dow -0.1%. S&P -0.1%. Nasdaq -0.1%. Crude -0.5% to $68.08. Gold -0.6% to $1329.90. Bitcoin +1.4% to $8915. 
Ten-year Treasury Yield +4 bps to 2.99%
 
(Source: Seeking Alpha)
 
Economic Calendar

8:30 Chicago Fed National Activity Index
9:45 PMI Composite Flash
10:00 Existing Home Sales

S&P 500

Today is Cycle Day 3 (CD3)…Price is currently below CD1 Low (2692.75) and would need to trade above this level for Positive 3 Day Rally.

Scenario 1: IF price holds above PC (2671.25) and subsequently clears and converts 2684.75, THEN primary upside objective is to recover 2692.75.

Scenario 2: IF price fails to hold PC (2671.25), and subsequently violates and converts 2666.50, THEN primary downside objective measures 2658.50.

HOD  ATR Range Projection: 2701.50; LOD ATR Range Projection: 2650.00; Cycle Day 1 Low: 2692.75; 3 Day Central Pivot: 2694.50; 3 Day Cycle Target: 2708.00; 10 Day Average True Range 34.79; VIX: 17.21

Click Here

Nasdaq 100 (NQ)

Today is Cycle Day 3 (CD3)…Price is currently below CD1 Low (6755.25) and would need to trade above this level for Positive 3 Day Rally.

Scenario 1: IF price holds above PC (6675.75) and subsequently clears and converts 6720.00, THEN primary upside objective is to recover 6755.25.

Scenario 2: IF price fails to hold PC (6675.75), and subsequently violates and converts 6660.00, THEN primary downside objective measures 6629.50.

Range Projections and Key Levels (NQ)

HOD  ATR Range Projection: 6780.50; LOD ATR Range Projection: 6599.50; Cycle Day 1 Low: 6755.25; 3 Day Central Pivot: 6780.00; 3 Day Cycle Target: 6816.25; 10 Day Average True Range: 120.46; VIX: 17.21

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 4.20.19

Markets
 
In Asia, Japan -0.1%. Hong Kong -0.9%. China -1.5%. India flat. 
In Europe, at midday, London +0.5%. Paris +0.6%. Frankfurt +0.1%
Futures at 6:20, Dow -0.1%. S&P flat. Nasdaq -0.1%. Crude +0.4% to $68.59. Gold -0.4% to $1343.30. Bitcoin +3% to $8518. 
Ten-year Treasury Yield flat at 2.92% 
 
(Source: Seeking Alpha)
 
Economic Calendar

9:40 Fed’s Evans: Monetary Policy
1:00 PM Baker-Hughes Rig Count

S&P 500

Today is Cycle Day 2 (CD2)…Today is OPEX as price continues to exhibit weakness holding just above CD1 Low (2692.75). Bulls will need to hold and recover and convert 2698 handle.

Scenario 1: IF price clears and convert 2698, THEN upside recovery targets 2702 3 Day Central Pivot, followed by 2705.50 CD2 range projection.

Scenario 2: IF price violates and converts 2692.75, THEN downside targets 2674.50 CD2 range projection.

HOD  ATR Range Projection: 2717.50; LOD ATR Range Projection: 2662.50; Cycle Day 1 Low: 2692.75; 3 Day Central Pivot: 2702.00; 3 Day Cycle Target: 2708.00; 10 Day Average True Range 34.75; VIX: 16.00

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Nasdaq 100 (NQ)

Today is Cycle Day 2 (CD2)…Today is OPEX as price continues to exhibit weakness violating CD1 Low (6755.25) and extending to 6738.75 CD2 range projection target. Bulls will need to recover 6755.25 and convert 6777.00 to support in order to stabilize current selling pressure.

Scenario 1: IF price clears and convert 6777.00, THEN upside recovery targets 6808.50 3 Day Central Pivot.

Scenario 2: IF price violates and converts 6755.25, THEN downside targets 6739.75 CD2 range projection.

Range Projections and Key Levels (NQ)

HOD  ATR Range Projection: 6850.75; LOD ATR Range Projection: 6673.25; Cycle Day 1 Low: 6755.25; 3 Day Central Pivot: 6808.50; 3 Day Cycle Target: 6816.25; 10 Day Average True Range: 117.00; VIX: 16.00

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

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

Good Trading…David

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

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

PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS

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

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

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

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

Trade Strategy 4.19.18

Markets
 
In Asia, Japan +0.15%. Hong Kong +1.40%. China +0.84%. India +0.37%
In Europe, at midday, London +0.20%. Paris +0.17%. Frankfurt -0.11%
Futures at 6:20, Dow -0.02%. S&P -0.11%. Nasdaq -0.05%. Crude +0.72% to $68.96. Gold -0.32% to $1,349.20. Bitcoin +1.6% to $8,225. 
Ten-year Treasury Yield +2.8bps to 2.895%
 
(Source: Seeking Alpha)
 
Economic Calendar

8:00 Fed’s Reserve Gov. Lael Brainard speech
8:30 Initial Jobless Claims
8:30 Philly Fed Business Outlook
9:30 Randal Quarles: “Semi-Annual Testimony on the Federal Reserve’s Supervision and Regulation of the Financial System”
9:45 Bloomberg Consumer Comfort Index
10:00 Leading Indicators
10:30 EIA Natural Gas Inventory
4:30 PM Money Supply
4:30 PM Fed Balance Sheet
6:45 PM Fed’s Mester: Monetary Policy and Economic Outlook

S&P 500

Today is Cycle Day 1 (CD1)…Normal is for a decline measuring 2652.50. Average Range for CD1 is 51.00 handles. Odds of decline > 10 handles = 71% Odds of decline > 20 = 41% Possible CD1 Range Low = 2690.50

Scenario 1: IF price clears and converts PH (2718.50), THEN upside expansion targets 2726.50 – 2731.00 zone.

Scenario 2: IF price violates and converts PC (2710.50), THEN downside targets 2695.26 – 2690.50.

HOD  ATR Range Projection: 2740.00; LOD ATR Range Projection: 2677.00; Cycle Day 1 Low: 2660.75; 3 Day Central Pivot: 2695.25; 3 Day Cycle Target: 2739.50; 10 Day Average True Range 36.42; VIX: 15.65

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Nasdaq 100 (NQ)

Today is Cycle Day 1 (CD1)…Normal is for a decline measuring 6676.00. Average Range for CD1 is 143.75 handles. Odds of decline > 20 handles = 72% Odds of decline > 25 = 63% Possible CD1 Range Low = 6817.00

Scenario 1: IF price clears and converts PH (6867.00), THEN upside expansion targets 6876.25 – 6888.00 zone.

Scenario 2: IF price violates and converts PC (6846.75), THEN downside targets 6817 – 6797 zone.

Range Projections and Key Levels (NQ)

HOD  ATR Range Projection: 6950.75; LOD ATR Range Projection: 6742.50; Cycle Day 1 Low: 6639.25; 3 Day Central Pivot: 6771.50; 3 Day Cycle Target: 6858.50; 10 Day Average True Range: 123.86; VIX: 15.65

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 4.18.18

Markets
 
In Asia, Japan +1.4%. Hong Kong +0.7%. China +0.8%. India -0.2%
In Europe, at midday, London flat. Paris +0.8%. Frankfurt +0.4%
Futures at 6:20, Dow +0.2%. S&P +0.2%. Nasdaq +0.2%. Crude +1.2% to $67.30. Gold flat at $1349.80. Bitcoin +2.7% to $8106. 
Ten-year Treasury Yield +2 bps to 2.84%
 
(Source: Seeking Alpha)
 
Economic Calendar

7:00 MBA Mortgage Applications
10:30 EIA Petroleum Inventories
2:00 PM Fed’s Beige Book
3:15 PM Fed’s Dudley: Economic Outlook and Monetary Policy

S&P 500

Today is Cycle Day 3 (CD3)…Price fulfilled upside range objectives in prior session and is currently extending gains in overnight trade. Cycle Range High Projection measures 2726.25.

Scenario 1: IF price converts PH (2713.75), THEN upside targets 2726.25, followed by 2734.75 – 2739.50 3 Day Cycle Target.

Scenario 2: IF price violates 2705.50, THEN downside targets 2696, followed by 2687.50.

HOD  ATR Range Projection: 2745.00; LOD ATR Range Projection: 2677.00; Cycle Day 1 Low: 2660.75; 3 Day Central Pivot: 2679.75; 3 Day Cycle Target: 2739.50; 10 Day Average True Range 41.34; VIX: 15.00

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Nasdaq 100 (NQ)

Today is Cycle Day 3 (CD3)…Price fulfilled upside range objectives in prior session and is currently extending gains in overnight trade. Cycle Range High Projection measures 6867.

Scenario 1: IF price converts PH (6844.75), THEN upside targets 6858.50 – 6867.00 3 Day Cycle Target.

Scenario 2: IF price violates 6825.50, THEN downside targets 6808 handle.

Range Projections and Key Levels (NQ)

HOD  ATR Range Projection: 6952.25; LOD ATR Range Projection: 6722.50; Cycle Day 1 Low: 6639.25; 3 Day Central Pivot: 6710.50; 3 Day Cycle Target: 6858.50; 10 Day Average True Range: 135.77; VIX: 15.00

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 4.17.18

Markets
 
In Asia, Japan +0.1%. Hong Kong -0.8%. China -1.4%. India +0.3%
In Europe, at midday, London +0.2%. Paris +0.4%. Frankfurt +0.8%
Futures at 6:20, Dow +0.6%. S&P +0.5%. Nasdaq +0.5%. Crude +0.1% to $66.29. Gold -0.4% to $1344.70. Bitcoin +0.6% to $8097. 
Ten-year Treasury Yield flat at 2.84% 
 
(Source: Seeking Alpha)
 
Economic Calendar

8:30 Housing Starts
8:55 Redbook Chain Store Sales
9:15 Industrial Production
10:00 Randal Quarles: “Semi-Annual Testimony on the Federal Reserve’s Supervision and Regulation of the Financial System”
11:00 Fed’s Harker Speech
1:40 PM Fed’s Evans: Monetary Policy

S&P 500

Today is Cycle Day 2 (CD2)…This cycle’s rally is taking shape pushing higher in overnight trade with initial 2701.50 price target.

Scenario 1: IF price clears and converts PH (2687), THEN upside measures 2701.50, followed by 2706.50 – 2708.25 penetration zone.

Scenario 2: IF price violates and converts PH (2687) to lower resistance, THEN downside measures 2679.50, followed by 2673.50.

HOD  ATR Range Projection: 2721.50; LOD ATR Range Projection: 2653.50; Cycle Day 1 Low: 2660.75; 3 Day Central Pivot: 2665.75; 3 Day Cycle Target: 2739.50; 10 Day Average True Range 42.75; VIX: 16.00

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Nasdaq 100 (NQ)

Today is Cycle Day 2 (CD2)…This cycle’s rally is taking shape pushing higher in overnight trade with initial 6748.75 price target which has been fulfilled.

Scenario 1: IF price clears and converts PH (6722), THEN upside measures 6784.00 penetration level.

Scenario 2: IF price violates and converts PH (6722) to lower resistance, THEN downside measures 6703.50, followed by 6692.

Range Projections and Key Levels (NQ)

HOD  ATR Range Projection: 6828.75; LOD ATR Range Projection: 6619.75; Cycle Day 1 Low: 6639.25; 3 Day Central Pivot: 6664.75; 3 Day Cycle Target: 6858.50; 10 Day Average True Range: 130.22; VIX: 16.00

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