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Trade Strategy 11.14.18

Markets
 
In Asia, Japan +0.2%. Hong Kong -0.5%. China -0.9%. India flat. 
In Europe, at midday, London flat. Paris -0.4%. Frankfurt -0.3%
Futures at 6:20, Dow flat. S&P flat. Nasdaq -0.3%. Crude +0.3% to $55.83. Gold -0.1% to $1200.10. Bitcoin -1.3% to $6201. 
Ten-year Treasury Yield flat at 3.13%
 
(Source: Seeking Alpha)
 
Economic Calendar

http://mam.econoday.com/

7:00 MBA Mortgage Applications
8:30 Consumer Price Index
9:00 Fed’s Reserve Vice Chairman for Supervision Governor Quarles Semi-Annual Testimony

PTG Trading Room Chat Log’s Link Click this link to view:

S&P 500

Today is Cycle Day 3 (CD3)…Price is attempting to rally in overnight night trade following prior session’s selling, which was pressured with Crude Oil’s sharp decline. Oil Stocks weighting is approximately 20% of the S&P 500 Index, so it has a significant influence. Relief rally in CL should help ES stabilize.

CD3 Range High = 2756.50          CD3 Range Low = 2698.00          CD3 Range Avg = 38.50 

Scenario 1: IF price holds bid above 2730, THEN upside targets 2745 – 50 zone.

Scenario 2: IF price holds offer below 2730, THEN downside targets 2703 – 2698 zone.

Range Projections and Key Levels (ES) December (Z) Contract

HOD  ATR Range Projection: 2756.50; LOD ATR Range Projection: 2698.00; Cycle Day 1 Low: 2722.25; 3 Day Central Pivot: 2756.00; 3 Day Cycle Target: 2750.00; 10 Day Average True Range 45.50; VIX: 20.50

Click Here

Nasdaq 100 (NQ)

Today is Cycle Day 3 …NAZ is attempting to rally pre-RTH along with S&P following persistent selling which reached Statistical Extreme Levels. Currently price is trading back above Cycle Day 1 Low (6825.75) and as such, fulfills Positive 3 Day Rally objective.

CD3 Range High = 6925.00         CD3 Range Low = 6750.00          CD3 Range Avg = 148.00

Scenario 1: IF price holds bid above 6825.75, THEN upside targets 6873 – 6882 Central Pivot Zone. Further strength above this zone measures 6898 – 6930 zone.

Scenario 2: IF price holds offer below 6825.75, THEN downside targets 6793 – 6774 STATX Zone.

Range Projections and Key Levels (NQ) December (Z) Contract

HOD  ATR Range Projection: 6948.25; LOD ATR Range Projection: 6727.50; Cycle Day 1 Low: 6825.75; 3 Day Central Pivot: 6953.00; 3 Day Cycle Target: 6890.00; 10 Day Average True Range: 171.00; VIX: 20.50

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 11.13.18

Markets
 
Today’s Markets 
In Asia, Japan -2.1%. Hong Kong +0.6%. China +0.9%. India +1%
In Europe, at midday, London +0.2%. Paris +0.4%. Frankfurt +0.8%
Futures at 6:20, Dow +0.6%. S&P +0.6%. Nasdaq +0.9%. Crude -2.3% to $58.57. Gold -0.4% to $1198.30. Bitcoin % to $.. 
Ten-year Treasury Yield
 
(Source: Seeking Alpha)
 
Economic Calendar

http://mam.econoday.com/

8:55 Redbook Chain Store Sales
10:00 Fed’s Reserve Gov. Lael Bralnard: “Artificial Intelligence and the New Financial Landscape”
10:00 Fed’s Kashkari Speech
2:00 PM Treasury Budget
2:20 PM Fed’s Harker Speech
5:00 PM Fed’s Mary Speech

***New: PTG Trading Room Chat Log’s Link Click this link to view:

S&P 500

Today is Cycle Day 2 (CD2)…Price is rallying in overnight trade following a normal Cycle Day 1 (CD1) decline which pushed price down to extreme target levels. Initial price projection off deep lows targets 2749.25 – 2756.75 Cycle Rally. 

CD2 Range High = 2754.00          CD2 Range Low = 2727.00         CD2 Range Avg = 35.00

Scenario 1: IF price holds bid above 2733, THEN initial upside targets 2743 – 49 zone. Conversion of this zone to support further measures 2756 – 59 zone.

Scenario 2: IF price holds offer below 2733, THEN initial downside would be test of 2722.25 CD1 Low.

Range Projections and Key Levels (ES) December (Z) Contract

HOD  ATR Range Projection: 2765.50; LOD ATR Range Projection: 2703.75; Cycle Day 1 Low: 2722.25; 3 Day Central Pivot: 2780.00; 3 Day Cycle Target: 2749.25; 10 Day Average True Range 46.50; VIX: 19.50

Click Here

Nasdaq 100 (NQ)

Today is Cycle Day 2 (CD2)…Price is rallying in overnight trade following a normal Cycle Day 1 (CD1) decline which pushed price down to extreme target levels. Initial price projection off deep lows targets 6882 – 6890.50 Cycle Rally. 

CD2 Range High = 6942.00         CD2 Range Low = 6855.50          CD2 Range Avg = 140.50

Scenario 1: IF price holds bid above 6860, THEN upside targets 6890 – 6925 zone.

Scenario 2: IF price holds offer below 6860, THEN downside targets 6825.75 (CD1 Low), followed by 6798 CD2 Violation Level.

Range Projections and Key Levels (NQ) December (Z) Contract

HOD  ATR Range Projection: 6978.75; LOD ATR Range Projection: 6731.75; Cycle Day 1 Low: 6825.75; 3 Day Central Pivot: 7052.00; 3 Day Cycle Target: 6890.00; 10 Day Average True Range: 177.50; VIX: 19.50

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 11.12.18

Markets
 
U.S. stock index futures are starting the week not far from the flat-line. No major economic data is expected and the session could see low trading volumes as U.S. bond markets are closed for Veterans Day.
 
Saudi Arabia announced it will slash its oil exports unilaterally next month – by 500K barrels per day – as OPEC producers met over the weekend to halt a market slump that had seen crude decline by 20% since early October.
 
In Asia, Japan +0.1%. Hong Kong +0.1%. China +1.2%. India -1%
In Europe, at midday, London -0.1%. Paris -0.2%. Frankfurt -0.7%
Futures at 6:20, Dow -0.1%. S&P flat. Nasdaq +0.1%. Crude +0.3% to $60.39. Gold -0.2% to $1206.80. Bitcoin -0.1% to $6372. 
Ten-year Treasury Yield -5 bps to 3.18%
 
(Source: Seeking Alpha)
 
Economic Calendar

http://mam.econoday.com/

2:30 PM Fed’s Daly Speech

***New: PTG Trading Room Chat Log’s Link Click this link to view:
 

S&P 500

Today is Cycle Day 1 (CD1)…Normal is for a decline measuring 2752.00. Average Range for CD1 is 33.00 handles. Odds of decline > 10 handles = 72% Odds of decline > 20 = 42%

CD1 Range High = 2797.00       CD1 Range Low = 2772.00         CD1 Range Avg = 33.00 

Scenario 1: IF price holds bid above 2782 – 84 zone, THEN upside initially targets 2792 – 2794 3 Day Central Pivot Zone. Conversion of this zone to upper support targets expansion measuring 2798 – 2800 average 3D Rally.

Scenario 2: IF price holds offer below 2782 – 84 zone, THEN initial downside targets 2774 – 2772 zone. Conversion of this zone to lower resistance targets expansion measuring 2768 – 2764 zone.

Range Projections and Key Levels (ES) December (Z) Contract

HOD  ATR Range Projection: 2717.00; LOD ATR Range Projection: 2751.50; 3 Day Central Pivot: 2795.00; 3 Day Cycle Target: 2800.00; 10 Day Average True Range 43.50; VIX: 17.86

Click Here

Nasdaq 100 (NQ)

Today is Cycle Day 1 (CD1)…Normal is for a decline measuring 7003.00. Average Range for CD1 is 128.00 handles. Odds of decline > 20 handles = 73% Odds of decline > 25 = 64%

CD1 Range High = 7140.50          CD1 Range Low = 6975.75          CD1 Range Avg = 128.00

Scenario 1: IF price holds bid above 7051 – 61 zone, THEN upside initially targets 7078 – 7090 zone. Conversion of this zone to upper support targets expansion measuring 7119 – 7128 3 Day Central Pivot Zone.

Scenario 2: IF price holds offer below 7051 – 61 zone, THEN downside initially targets 7020 – 7012 zone. Conversion of this zone to lower resistance targets expansion measuring 6989 – 6975 zone.

Range Projections and Key Levels (NQ) December (Z) Contract

HOD  ATR Range Projection: 7148.00; LOD ATR Range Projection: 6945.50; 3 Day Central Pivot: 6977.50; 3 Day Cycle Target: 7104.50; 10 Day Average True Range: 176.50; VIX: 17.38

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 11.9.18

Markets
 
Oil fell below the $60 levelovernight a day after slipping into a bear market. That means U.S. crude is now down by around 20% since early October as rising supply and concerns of an economic slowdown pressure prices. Fresh U.S. sanctions are unlikely to cut as much oil out of the market as initially expected with Washington granting temporary exemptions to Iran’s biggest buyers. American production has also reached a new record high of 11.6M bbl/day.
 
U.S. equities look poised to slip again at the open, continuing a global market retreat after the Fed appeared to remain on track to raise to its key rate next month. Some traders had hoped that the sharp stock selloff during what has been called “Red October” might have encouraged the central bank to take a more dovish approach, but a statement confirmed expectations of “further gradual increases” in the prime lending rate.
 
In Asia, Japan -1.1%. Hong Kong -2.4%. China -1.4%. India -0.2%
In Europe, at midday, London -0.9%. Paris -1.1%. Frankfurt -0.8%
Futures at 6:20, Dow -0.5%. S&P -0.6%. Nasdaq -0.8%. Crude -1.6% to $59.72. Gold -0.4% to $1219.80. Bitcoin -0.8% to $6376. 
Ten-year Treasury Yield -2 bps to 3.21%
 
(Source: Seeking Alpha)
 
Economic Calendar

http://mam.econoday.com/

8:30 Producer Price Index
9:00 Randal Quarles Speech
10:00 Consumer Sentiment
10:00 Wholesale Trade
1:00 PM Baker-Hughes Rig Count

PTG Trading Room Chat Log’s Link Click this link to view:

S&P 500

Today is Cycle Day 3 (CD3)…Price are slipping lower in Globex Session testing 2790 support level outlined in prior DTS Briefing 11.8.18.Scenario 2: IF price holds offer below 2800, THEN downside targets 2795 – 2790 zone.” Bulls will need to defend this level and push higher to convert 2800 to neutralize the current pressure. IF successful, 2806 – 08 zone would be next hurdle.

CD3 Range High = 2812.50          CD3 Range Low = 2788.50          CD3 Range Avg = 37.50 

Scenario 1: IF price holds hid above 2790, THEN initial upside targets 2800 roundie. IF cleared and converted, THEN further upside measures 2806 – 2808 zone.

Scenario 2: IF price violates and converts 2790 to lower resistance, THEN downside targets 2783 – 2778.50 zone.

Range Projections and Key Levels (ES) December (Z) Contract

HOD  ATR Range Projection: 2833.00; LOD ATR Range Projection: 2767.50; Cycle Day 1 Low: 2744.75; 3 Day Central Pivot: 2783.00; 3 Day Cycle Target: 2772.00; 10 Day Average True Range 43.50; VIX: 17.25

Click Here

Nasdaq 100 (NQ)

Today is Cycle Day 3 …Price has slipped below prior low (7132.00) currently testing 7103.75 CD3 Average Violation Level and 7098.25 3 Day Central Pivot. Bulls will need to hold this zone, otherwise further selling pressure may develop.IF successful, THEN main objective is to recover 7132 lost prior low.

CD3 Range High = 7147.50         CD3 Range Low = 7112.25          CD3 Range Avg = 144.00

Scenario 1: IF price holds bid above 7098, THEN upside targets 7125 – 7132 zone.

Scenario 2: IF price holds offer below 7098, THEN downside targets 7083.50, followed by 7055 CD3 Violation Level.

Range Projections and Key Levels (NQ) December (Z) Contract

HOD  ATR Range Projection: 7258.50; LOD ATR Range Projection: 7001.00; Cycle Day 1 Low: 6992.50; 3 Day Central Pivot: 7098.25; 3 Day Cycle Target: 71.25; 10 Day Average True Range: 165.00; VIX: 17.25

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 11.8.18

Markets
 
The Fed is likely to leave rates unchanged this afternoon as it announces its decision following a two-day policy meeting. U.S. stock index futures are still giving back some of yesterday’s gains as traders get nervous about upcoming tightening in December. Recent reports showing strong job and economic growth give the FOMC little reason to materially change its statement, while recent stock weakness doesn’t appear large enough to warrant extra attention from the central ban
 
In Asia, Japan +1.8%. Hong Kong +0.3%. China -0.2%. India closed. 
In Europe, at midday, London +0.3%. Paris -0.1%. Frankfurt -0.3%
Futures at 6:20, Dow -0.3%. S&P -0.4%. Nasdaq -0.6%. Crude +0.2% to $61.80. Gold -0.4% to $1223.60. Bitcoin -0.5% to $6486. 
Ten-year Treasury Yield +1 bps to 3.22%
 
(Source: Seeking Alpha)
 
Economic Calendar

http://mam.econoday.com/

8:30 Initial Jobless Claims
10:30 EIA Natural Gas Inventory
2:00 PM FOMC Announcement
4:30 PM Money Supply
4:30 PM Fed Balance Sheet

***New: PTG Trading Room Chat Log’s Link Click this link to view:

S&P 500

Today is Cycle Day 2 (CD2)…Price is pulling back during overnight trade following strong up move in prior session. Expectation is for some “back and fill” consolidation in a “Market After Trend Day” (a.k.a. – MATD) First line of possible renewed buy response near 2800, then 2795 levels.

CD2 Range High = 2824.50          CD2 Range Low = 2795.00         CD2 Range Avg = 35.50

Scenario 1: IF price holds bid above 2800, THEN upside targets 2810 – 15 zone.

Scenario 2: IF price holds offer below 2800, THEN downside targets 2795 – 2790 zone.

Range Projections and Key Levels (ES) December (Z) Contract

HOD  ATR Range Projection: 2850.50; LOD ATR Range Projection: 2769.25; Cycle Day 1 Low: 2744.75; 3 Day Central Pivot: 2758.25; 3 Day Cycle Target: 2778.50; 10 Day Average True Range 49.00; VIX: 16.50

Click Here

Nasdaq 100 (NQ)

Today is Cycle Day 2 (CD2)…Price is pulling back during overnight trade following strong up move in prior session. Expectation is for some “back and fill” consolidation in a “Market After Trend Day” (a.k.a. – MATD) First line of possible renewed buy response near 7175.00, then 7160.00 levels.

CD2 Range High = 7215.50         CD2 Range Low = 7177.50          CD2 Range Avg = 139.50

Scenario 1: IF price holds bid above 7160, THEN upside targets 7190 – 7210 zone.

Scenario 2: IF price holds offer below 7160, THEN downside targets 7150 – 7140 zone.

Range Projections and Key Levels (NQ) December (Z) Contract

HOD  ATR Range Projection: 7346.00; LOD ATR Range Projection: 7046.50; Cycle Day 1 Low: 6992.50; 3 Day Central Pivot: 7020.50; 3 Day Cycle Target: 7125.50; 10 Day Average True Range: 184.00; VIX: 16.50

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 11.7.18

Markets
 
U.S. stock index futures are pointing to a strong opening on Wall Street after the baseline consensus forecast for U.S. midterm elections proved correct as Democrats won control of the House, while the GOP hung on to the Senate. History has shown that mixed party control is generally the best combination for equity markets, while the highest-growth stocks can keep putting up terrific numbers even during an economic slowdown.
 
In Asia, Japan -0.1%. Hong Kong +0.1%. China -0.7%. India +0.1%
In Europe, at midday, London +1.2%. Paris +1.3%. Frankfurt +0.9%
Futures at 6:20, Dow +0.7%. S&P +0.9%. Nasdaq +1.2%. Crude +1% to $62.85. Gold +0.7% to $1235.40. Bitcoin +0.9% to $6521. 
Ten-year Treasury Yield -3 bps 3.18%
 
(Source: Seeking Alpha)
 
Economic Calendar

http://mam.econoday.com/

FOMC meeting begins
7:00 MBA Mortgage Applications
10:30 EIA Petroleum Inventories
1:00 PM Results of $19B, 30-Year Note Auction
3:00 PM Consumer Credit

***New: PTG Trading Room Chat Log’s Link Click this link to view:
 

S&P 500

Today is Cycle Day 1 (CD1)…Normal is for a decline measuring 2730.00. Average Range for CD1 is 31.50 handles. Odds of decline > 10 handles = 72% Odds of decline > 20 = 42%

CD1 Range High = 2776.25       CD1 Range Low = 2755.50         CD1 Range Avg = 31.50 

Scenario 1: IF price clears and converts PH (2761.00), THEN upside targets 2776 – 2778 CD1 Range High + 3 Day Cycle Target. (Both Fulfilled in overnight trade)

Scenario 2: IF price violates and converts 2776 to resistance, THEN downside retracement measures 2766 – 2763 zone.

Range Projections and Key Levels (ES) December (Z) Contract

HOD  ATR Range Projection: 2791.00; LOD ATR Range Projection: 2740.75; 3 Day Central Pivot: 2737.00; 3 Day Cycle Target: 2776.00; 10 Day Average True Range 46.00; VIX: 17.38

Click Here

Nasdaq 100 (NQ)

Today is Cycle Day 1 (CD1)…Normal is for a decline measuring 6919.00. Average Range for CD1 is 123.50 handles. Odds of decline > 20 handles = 73% Odds of decline > 25 = 64%

CD1 Range High = 7095.00          CD1 Range Low = 6998.75          CD1 Range Avg = 123.50

Scenario 1: IF price clears and converts PH (7034.75), THEN upside targets 7095 –  7104.50 CD1 Range High + 3 Day Cycle Target. (Both Fulfilled in overnight trade)

Scenario 2: IF price violates and converts 7023 to resistance, THEN downside retracement measures 7000 – 6975 zone.

Range Projections and Key Levels (NQ) December (Z) Contract

HOD  ATR Range Projection: 7148.00; LOD ATR Range Projection: 6945.50; 3 Day Central Pivot: 6977.50; 3 Day Cycle Target: 7104.50; 10 Day Average True Range: 176.50; VIX: 17.38

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 11.6.18

Markets
 
U.S. stock index futures are dipping into negative territory again as Americans cast their vote in a closely-watched midterm election. The results will likely set the tone for the markets, though the question is what kind of tone that will be. Some say a Republican sweep could send Treasury yields higher and weigh on stocks, though others say it could propel equities given Trump’s business-friendly agenda. The same split prediction is being offered if Democrats take control of one of the chambers of Congress.
 
In Asia, Japan +1.1%. Hong Kong +0.7%. China -0.2%. India +0.1%
In Europe, at midday, London -0.6%. Paris -0.2%. Frankfurt -0.2%
Futures at 6:20, Dow -0.2%. S&P -0.2%. Nasdaq -0.3%. Crude -0.4% to $62.82. Gold +0.3% to $1236.50. Bitcoin flat at $6422. 
Ten-year Treasury Yield flat at 3.19%
 
(Source: Seeking Alpha)
 
Economic Calendar

http://mam.econoday.com/

8:55 Redbook Chain Store Sales
10:00 Job Openings and Labor Turnover Survey

PTG Trading Room Chat Log’s Link Click this link to view:

S&P 500

Today is Cycle Day 3 (CD3)…Price has fulfilled 3 Day Cycle objectives and currently trading near 3 Day Central Pivot Zone and Daily Pivot. All this adds up to neutral sentiment as Americans cast their votes in Mid-Term Elections. Expectations will be for relatively quiet trade throughout the RTH with potential for spikes in either direction as news releases of election progress is leaked. Stay flexible and mind your risk parameters.

CD3 Range High = 2766.50          CD3 Range Low = 2709.75          CD3 Range Avg = 36.75 

Scenario 1: IF price holds bid above 2730, THEN upside targets 2740 – 45 zone. Upper STATX Zone measures 2747.75 – 2751.50.

Scenario 2: IF price holds offer below 2730, THEN downside targets 2725 – 2720 zone. Lower STATX Zone measures 2716.25 – 2713.00.

Range Projections and Key Levels (ES) December (Z) Contract

HOD  ATR Range Projection: 2781.75; LOD ATR Range Projection: 2694.50; Cycle Day 1 Low: 2699.50; 3 Day Central Pivot: 2730.00; 3 Day Cycle Target: 2726.00; 10 Day Average True Range 52.00; VIX: 20.27

Click Here

Nasdaq 100 (NQ)

Today is Cycle Day 3 …Price has fulfilled 3 Day Cycle objectives and currently trading near Daily Pivot. All this adds up to neutral sentiment as Americans cast their votes in Mid-Term Elections. Expectations will be for relatively quiet trade throughout the RTH with potential for spikes in either direction as news releases of election progress is leaked. Stay flexible and mind your risk parameters.

CD3 Range High = 6960.50         CD3 Range Low = 6915.50          CD3 Range Avg = 141.00

Scenario 1: IF price holds bid above 6940, THEN upside targets 6960 – 6990 zone.

Scenario 2: IF price holds offer below 6940, THEN downside targets 6911.75 (CD1 Low) and IF violated and converted, THEN further downside measures 6890 – 6870 zone.

Range Projections and Key Levels (NQ) December (Z) Contract

HOD  ATR Range Projection: 7100.00; LOD ATR Range Projection: 6776.50; Cycle Day 1 Low: 6911.25; 3 Day Central Pivot: 6987.00; 3 Day Cycle Target: 6975.50; 10 Day Average True Range: 193.00; VIX: 20.27

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 11.5.18

Markets
 
U.S. stock index futures are hugging the flatline as investors debate which way to turn ahead of tomorrow’s U.S. congressional midterm elections. There is also uncertainty surrounding monetary policy as the Fed prepares to meet Wednesday and Thursday. Tighter U.S. monetary policy may be discussed amid strong economic data, although President Trump and others have taken aim at the Fed for its hawkish agenda.
 
In Asia, Japan -1.6%. Hong Kong -2.1%. China -0.4%. India -0.2%
In Europe, at midday, London +0.3%. Paris +0.2%. Frankfurt +0.3%
Futures at 6:20, Dow flat. S&P flat. Nasdaq +0.1%. Crude -0.6% to $62.78. Gold flat at $1233.30. Bitcoin -0.4% to $6412. 
Ten-year Treasury Yield flat at 3.2%
 
(Source: Seeking Alpha)
 
Economic Calendar

http://mam.econoday.com/

8:30 Fed’s Williams Speech
9:45 PMI Services Index
10:00 ISM Non-Manufacturing Index
12:30 PM TD Ameritrade IMX
1:00 PM Results of $37B, 3-Year Note Auction
7:00 PM Fed’s Kaplan Speech

***New: PTG Trading Room Chat Log’s Link Click this link to view:

S&P 500

Today is Cycle Day 2 (CD2)…Markets are relatively quiet with an upside bias during overnight trade. Expectation will be for more of same ahead of key Mid-Term Elections on Tuesday. Volatility should remain elevated with possible spikes, so be prepared and manage risk accordingly. Three-Day Cycle Target Zone marked between 2726.50 – 2731 zone.

CD2 Range High = 2748.00          CD2 Range Low = 2693.50         CD2 Range Avg = 35.25

Scenario 1: IF price holds bid above 2722, THEN upside targets 2729.50 – 2733.00 3 Day Cycle Targets.

Scenario 2: IF price holds offer below 2722, THEN downside targets 2705 – 2700 CD1 Low Zone.

Range Projections and Key Levels (ES) December (Z) Contract

HOD  ATR Range Projection: 2770.50; LOD ATR Range Projection: 2671.75; Cycle Day 1 Low: 2699.50; 3 Day Central Pivot: 2622.00; 3 Day Cycle Target: 2731.00; 10 Day Average True Range 57.50; VIX: 20.00

Click Here

Nasdaq 100 (NQ)

Today is Cycle Day 2 (CD2)…Markets are relatively quiet with an upside bias during overnight trade. Expectation will be for more of same ahead of key Mid-Term Elections on Tuesday. Volatility should remain elevated with possible spikes, so be prepared and manage risk accordingly. Three-Day Cycle Target Zone marked between 6975.63 – 7041.50 zone.

CD2 Range High = 7082.50         CD2 Range Low = 6860.50          CD2 Range Avg = 138.00

Scenario 1: IF price holds bid above 6970, THEN upside targets 7010 – 7027 Central Pivot Zone.

Scenario 2: IF price holds offer below 6970, THEN downside targets 6945 – 6920 zone.

Range Projections and Key Levels (NQ) December (Z) Contract

HOD  ATR Range Projection: 7157.25; LOD ATR Range Projection: 6786.00; Cycle Day 1 Low: 6911.25; 3 Day Central Pivot: 6988.00; 3 Day Cycle Target: 6975.50; 10 Day Average True Range: 213.00; VIX: 20.00

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 11.2.18

Markets
 
In Asia, Japan +2.6%. Hong Kong +4.2%. China +2.7%. India +1.7%
In Europe, at midday, London +0.7%. Paris +1.3%. Frankfurt +1.4%
Futures at 6:20, Dow +0.9%. S&P +0.8%. Nasdaq +0.3%. Crude -0.2% to $63.58. Gold +0.1% to $1237.40. Bitcoin -0.1% to $6351. 
Ten-year Treasury Yield +2 bps to 3.17%
 
(Source: Seeking Alpha)
 
Economic Calendar

http://mam.econoday.com/

8:30 Non-farm payrolls
8:30 International Trade
10:00 Factory Orders
1:00 PM Baker-Hughes Rig Count

***New: PTG Trading Room Chat Log’s Link Click this link to view:
 

S&P 500

Today is Cycle Day 1 (CD1)…Normal is for a decline measuring 2709. Average Range for CD1 is 29.50 handles. Odds of decline > 10 handles = 72% Odds of decline > 20 = 42%

CD1 Range High = 2752.00        CD1 Range Low = 2636.75         CD1 Range Avg = 29.50 

Scenario 1: IF price holds bid above 2727, THEN upside targets 2754 3 Day Rally projection, followed by 2766 upwards to 2772.50 STATX Zone.

Scenario 2: IF price holds offer below 2727, THEN downside targets 2718, followed by 2709 CD1 Average Decline projection.

Range Projections and Key Levels (ES) December (Z) Contract

HOD  ATR Range Projection: 2780.50; LOD ATR Range Projection: 2708.50; 3 Day Central Pivot: 2702.25; 3 Day Cycle Target: 2754.00; 10 Day Average True Range 58.00; VIX: 18.50

Click Here

Nasdaq 100 (NQ)

Today is Cycle Day 1 (CD1)…Normal is for a decline measuring 6958.50. Average Range for CD1 is 115.50 handles. Odds of decline > 20 handles = 73% Odds of decline > 25 = 64%

CD1 Range High = 7087.00          CD1 Range Low = 7028.00          CD1 Range Avg = 115.50

Scenario 1: IF price holds bid above 7015, THEN upside targets 7100 – 7115 CD1 Penetration Zone.

Scenario 2: IF price holds offer below 7015, THEN downside targets 6958.50 CD1 Average Decline projection.

Range Projections and Key Levels (NQ) December (Z) Contract

HOD  ATR Range Projection: 7194.25; LOD ATR Range Projection: 6923.75; 3 Day Central Pivot: 6912.75; 3 Day Cycle Target: 7101.25; 10 Day Average True Range: 220.00; VIX: 18.50

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