Trade Strategy 1.23.19

Markets
 
In Asia, Japan -0.14%. Hong Kong +0.01%. China +0.05%. India -0.84%
In Europe, at midday, London -0.26%. Paris +0.18%. Frankfurt -0.15%
Futures at 6:20, Dow +0.32%. S&P +0.28%. Nasdaq +0.29%. Crude +0.89% to $53.47. Gold +0.06% to $1,284.20. 
Ten-year Treasury Yield +2.7 bps to 2.759%
 
Source: Seeking Alpha
 
Economic Calendar

http://mam.econoday.com/

7:00 MBA Mortgage Applications
8:55 Redbook Chain Store Sales
9:00 FHFA House Price Index
10:00 Richmond Fed Mfg.

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

S&P 500

Today is Cycle Day 3 (CD3)…Price is rallying during overnight trade as prior session’s sell-down did not inflict any damage to the integrity of the larger degree daily price trends. As such, pullbacks do occur and provide trade opportunity for those objective traders. Recovery back to or above CD1 Low (2655.75) would be a solid objective for “Da Bulls”.

CD3 Range High = 2650.00          CD3 Range Low = 2624.00          CD3 Range Avg = 52.00 

Scenario 1: IF price holds bid above 2838, THEN initial upside objective targets 2648 – 50 zone. Further upside potential measures 2653.75 – 2656.25 3 Day Central Pivot Zone.

Scenario 2: IF price holds offer below 2638, THEN initial downside targets 2632 – 2624 zone.

Range Projections and Key Levels (ES) March (H) Contract

HOD  ATR Range Projection: 2663.25; LOD ATR Range Projection: 2611.50; Cycle Day 1 Low: 2655.75; 3 Day Central Pivot: 2655.00; 3 Day Cycle Target: 2683.00; 10 Day Average True Range 36.00; VIX: 20.00

Click Here

Nasdaq 100 (NQ)

Today is Cycle Day 3 …Price is rallying during overnight trade as prior session’s sell-down did not inflict any damage to the integrity of the larger degree daily price trends. As such, pullbacks do occur and provide trade opportunity for those objective traders. Recovery back to or above CD1 Low (6741.25) would be a solid objective for “Da Bulls”.

CD3 Range High = 6694.00         CD3 Range Low = 6638.00          CD3 Range Avg = 170.00

Scenario 1: IF price holds bid above 6670, THEN initial upside objective targets 6682 – 6695 zone. Further upside potential measures 6741.75 – 6744.25 3 Day Central Pivot Zone.

Scenario 2: IF price holds offer below 6670, THEN initial downside targets 6648 – 6638 zone.

Range Projections and Key Levels (NQ) March (H) Contract

HOD  ATR Range Projection: 6750.75; LOD ATR Range Projection: 6582.25; Cycle Day 1 Low: 6741.25; 3 Day Central Pivot: 6743.00; 3 Day Cycle Target: 6807.00; 10 Day Average True Range: 113.00; 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 1.22.19

Markets
 
Global equity markets are heading lower as the U.S. comes out of a holiday weekend, after the International Monetary Fund trimmed its world growth outlook for 2019 to 3.5% from 3.7% previously. The S&P 500, Dow and Nasdaq are all indicated to fall roughly 1% at the open, after the U.S. closed out last week with four consecutive advances. Asian markets finished weaker.
 
In Asia, Japan -0.47%. Hong Kong -0.70%. China -1.18%. India -0.36%
In Europe, at midday, London -0.58%. Paris -0.68%. Frankfurt -0.59%
Futures at 6:45, Dow -0.77%. S&P -0.79%. Nasdaq -0.96%. Crude -1.85%to $53.04. Gold +0.03% to $1,282.90. 
Ten-year Treasury Yield -3.2 bps to 2.75%
 
(Source: Seeking Alpha)
 
Economic Calendar

http://mam.econoday.com/

8:55 Redbook Chain Store Sales
10:00 Existing Home Sales

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

S&P 500

Today is Cycle Day 2 (CD2)…Quiet holiday trade in prior session as equity markets were closed and futures had a shortened session. Yesterday was a Cycle Day 1 with average decline targeting 2650 which was fulfilled during overnight trade. Price is currently residing within 3 Day Central Pivot Zone between 2655.50 – 2647.00. Bulls will need to recover above 2660 to reverse the current downswing. Bears of course will attempt to press for lower.

CD2 Range High = 2673.00          CD2 Range Low = 2643.00         CD2 Range Avg = 58.00

Scenario 1: IF price holds bid above 2653, THEN initial upside targets 2660 – 2665 zone.

Scenario 2: IF price holds offer below 2653, THEN initial downside targets 2647 – 2642 zone.

Range Projections and Key Levels (ES) March 19 (H) Contract

HOD  ATR Range Projection: 2682.25; LOD ATR Range Projection: 2633.00; Cycle Day 1 Low: 2655.75; 3 Day Central Pivot: 2651.25; 3 Day Cycle Target: 2683.00; 10 Day Average True Range 33.00; VIX: 18.66

Click Here

Nasdaq 100 (NQ)

Today is Cycle Day 2 (CD2)…Quiet holiday trade in prior session as equity markets were closed and futures had a shortened session. Yesterday was a Cycle Day 1 with average decline targeting 6738.00, which was fulfilled during overnight trade. Price is currently testing 6722.25 CD2 Range Low.. Bulls will need to recover above 6742.00 to reverse the current downswing. Bears of course will attempt to press for lower.

CD2 Range High = 6777.00         CD2 Range Low = 6722.25          CD2 Range Avg = 178.00

Scenario 1: IF price holds bid above 6742, THEN initial upside targets 6757.50 – 6764.50 zone.

Scenario 2: IF price holds offer below 6742, THEN initial downside targets 6722.25 – 6712.50 zone.

Range Projections and Key Levels (ES) March 19 (H) Contract

HOD  ATR Range Projection: 6825.50; LOD ATR Range Projection: 6674.00; Cycle Day 1 Low: 6741.25; 3 Day Central Pivot: 6749.50; 3 Day Cycle Target: 6808.00; 10 Day Average True Range: 104.00; VIX: 18.66

Click Here

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

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

Good Trading…David

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

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

PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS

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

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

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

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

Trade Strategy 1.21.19

Markets
 
Equity Markets are closed for Martin Luther King Holiday. Futures Markets open until 1 est.
 
(Source: Seeking Alpha)
 
Economic Calendar

http://mam.econoday.com/

No Reports.

***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 2615.00. Average Range for CD1 is 59.00 handles. Odds of decline > 10 handles = 72% Odds of decline > 20 = 42%

CD1 Range High = 2681.00       CD1 Range Low = 2650.00         CD1 Range Avg = 59.00 

Scenario 1: IF price holds bid above 2662, THEN initial upside targets 2670 – 2674 zone.

Scenario 2: IF price holds offer below 2662, THEN initial downside targets 2655 – 2650 zone.

Range Projections and Key Levels (ES) March 2019 (H) Contract

HOD  ATR Range Projection: 2694.50; LOD ATR Range Projection: 2636.00; 3 Day Central Pivot: 2635.00; 3 Day Cycle Target: 2685.00; 10 Day Average True Range 38.00; VIX: 18.00

Click Here

Nasdaq 100 (NQ)

Today is Cycle Day 1 (CD1)…Normal is for a decline measuring 6738.00. Average Range for CD1 is 183.00 handles. Odds of decline > 20 handles = 73% Odds of decline > 25 = 64%

CD1 Range High = 6801.00          CD1 Range Low = 6740.00          CD1 Range Avg = 183.00

Scenario 1: IF price holds bid above 6768, THEN initial upside targets 6782 – 6794 zone.

Scenario 2: IF price holds offer below 6768, THEN initial downside targets 6745 – 6740 zone.

Range Projections and Key Levels (NQ) March 2019 (H) Contract

HOD  ATR Range Projection: 6862.00; LOD ATR Range Projection: 6679.00; 3 Day Central Pivot: 6725.00; 3 Day Cycle Target: 6813.00; 10 Day Average True Range: 116.00; 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 1.18.19

Markets
 
In Asia, Japan +1.3%. Hong Kong +1.3%. China +1.4%. India flat. 
In Europe, at midday, London +1.4%. Paris +1.6%. Frankfurt +1.5%
Futures at 6:20, Dow +0.6%. S&P +0.4%. Nasdaq +0.4%. Crude +1.4% to $53.11. Gold -0.6% to $1284.80. Bitcoin +0.6% to $3608. 
Ten-year Treasury Yield +2 bps to 2.77%
 
(Source: Seeking Alpha)
 
Economic Calendar

http://mam.econoday.com/

9:05 Fed’s Williams: Economic Outlook and Monetary Policy
9:15 Industrial Production
10:00 Consumer Sentiment
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 3 (CD3)…3-Day Cycle objectives have been fulfilled as Bulls continue to control the ball, with price drifting upward further extending gains. Today’s CD3 range target measures 2656.

CD3 Range High = 2656.00          CD3 Range Low = 2626.00          CD3 Range Avg = 55.00 

Scenario 1: IF price holds bid above 2640, THEN initial upside potential targets 2651.45 – 2654/56 Penetration Range Zone.

Scenario 2: IF price holds offer below 2640, THEN initial downside targets 2632.50 – 2626.75 Central Pivot Zone.

Range Projections and Key Levels (ES) March (H) Contract

HOD  ATR Range Projection: 2669.50; LOD ATR Range Projection: 2612.50; Cycle Day 1 Low: 2602.50; 3 Day Central Pivot: 2613.75; 3 Day Cycle Target: 2630.00; 10 Day Average True Range 37.00; VIX: 18.00

Click Here

Nasdaq 100 (NQ)

Today is Cycle Day 3 …3-Day Cycle objectives have been fulfilled as Bulls continue to control the ball, with price drifting upward further extending gains. Today’s CD3 range target measures 6767.75.

CD3 Range High = 6767.75         CD3 Range Low = 6702.00          CD3 Range Avg = 183.00

Scenario 1: IF price holds bid above 6730, THEN initial upside potential targets 6767.75 – 6781.25 Penetration Range Zone.

Scenario 2: IF price holds offer below 6730, THEN initial downside targets 6715.75 – 6701.00 Central Pivot Zone.

Range Projections and Key Levels (NQ) March (H) Contract

HOD  ATR Range Projection: 6831.50; LOD ATR Range Projection: 6638.50; Cycle Day 1 Low: 6664.25; 3 Day Central Pivot: 6676.25; 3 Day Cycle Target: 6731.50; 10 Day Average True Range: 120.00; 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 1.17.19

Markets
 
U.S. stock index futures are dipping into the red ahead of the open, but quarterly reports today from Netflix (NASDAQ:NFLX), Morgan Stanley (NYSE:MS) and others may be able to send Wall Street back to four-week highs. The results come after Netflix said it would raise its U.S. monthly subscription prices and as investors bet bank profits will continue to lead markets. According to FactSet, firms in the S&P 500 are projected to report earnings growth of 11% Y/Y during the Q4 earnings season.
 
In Asia, Japan -0.2%. Hong Kong -0.5%. China -0.4%. India +0.2%
In Europe, at midday, London -0.7%. Paris -0.5%. Frankfurt -0.4%
Futures at 6:20, Dow -0.3%. S&P -0.3%. Nasdaq -0.4%. Crude -0.9% to $51.83. Gold flat at $1293.80. Bitcoin -0.6% to $3591. 
Ten-year Treasury Yield +1 bps to 2.71%
 
(Source: Seeking Alpha)
 
Economic Calendar

http://mam.econoday.com/

8:30 Initial Jobless Claims
8:30 Philly Fed Business Outlook
8:30 Housing Starts
10:30 EIA Natural Gas Inventory
10:45 Randal Quarles: “Insurance Regulation and Supervision”
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 fulfilled upside target zone (2623 – 2626) in prior session, but bulls were not table to hold firm bid into closing rotation. During overnight trade price continues to slip lower into key support marked within 3 Day Central Pivot Zone (2599.50 – 2577.00). Failure to hold bid at this level opens trap door to deeper downside pressure.

CD2 Range High = 2620.25          CD2 Range Low = 2592.25         CD2 Range Avg = 59.00

Scenario 1: IF price holds bid above 2598, THEN initial upside targets 2608, followed by 2612 – 2614 zone.

Scenario 2: IF price holds offer below 2598, THEN initial downside targets 2592, followed by 2589 – 2584 zone.

Range Projections and Key Levels (ES) March 19 (H) Contract

HOD  ATR Range Projection: 2632.50; LOD ATR Range Projection: 2580.00; Cycle Day 1 Low: 2602.50; 3 Day Central Pivot: 2598.25; 3 Day Cycle Target: 2630.00; 10 Day Average True Range 36.00; VIX: 19.42

Click Here

Nasdaq 100 (NQ)

Today is Cycle Day 2 (CD2)…Price fulfilled upside target zone (6710 – 6725.25) in prior session, but bulls were not table to hold firm bid into closing rotation. During overnight trade price continues to slip lower into key support marked within 3 Day Central Pivot Zone (6629.75 – 6626.25). Failure to hold bid at this level opens trap door to deeper downside pressure.

CD2 Range High = 6668.00         CD2 Range Low = 6619.75          CD2 Range Avg = 182.00

Scenario 1: IF price holds bid above 6628, THEN initial upside targets 6645.00, followed by 6654.50 – 6664.25 zone.

Scenario 2: IF price holds offer below 6628, THEN initial downside targets 6619.75, followed by 6606.50 –  6593.00 zone.

Range Projections and Key Levels (ES) March 19 (H) Contract

HOD  ATR Range Projection: 6732.50; LOD ATR Range Projection: 6555.50; Cycle Day 1 Low: 6664.25; 3 Day Central Pivot: 6628.00; 3 Day Cycle Target: 6730.00; 10 Day Average True Range: 120.00; VIX: 19.42

Click Here

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

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

Good Trading…David

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

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

PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS

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

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

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

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

Trade Strategy 1.16.19

Markets
 
In Asia, Japan -0.6%. Hong Kong +0.3%. China flat. India flat. 
In Europe, at midday, London -0.5%. Paris +0.1%. Frankfurt flat. 
Futures at 6:20, Dow +0.3%. S&P +0.2%. Nasdaq flat. Crude -0.3% to $51.97. Gold +0.1% to $1289.60. Bitcoin -0.7% to $3610. 
Ten-year Treasury Yield +4 bps to 2.74%
 
(Source: Seeking Alpha)
 
Economic Calendar

http://mam.econoday.com/

7:00 MBA Mortgage Applications
8:30 Retail Sales
8:30 Import/Export Prices
10:00 Business Inventories
10:00 NAHB Housing Market Index
10:30 EIA Petroleum Inventories
2:00 PM Fed’s Beige Book
4:00 PM Treasury International Capital
6:30 PM Fed’s Kashkari 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 2550.00. Average Range for CD1 is 59.00 handles. Odds of decline > 10 handles = 72% Odds of decline > 20 = 42%

CD1 Range High = 2626.00       CD1 Range Low = 2593.00         CD1 Range Avg = 59.00 

Scenario 1: IF price holds bid above 2608, THEN initial upside potential measures 2616.75 – 2620.25 STATX Zone.

Scenario 2: IF price holds offer below 2608, THEN initial downside measures 2602.50 – 2597.00 Central Pivot Zone.

Range Projections and Key Levels (ES) March 2019 (H) Contract

HOD  ATR Range Projection: 2643.00; LOD ATR Range Projection: 2577.00; 3 Day Central Pivot: 2590.00; 3 Day Cycle Target: 2630.00; 10 Day Average True Range 40.00; VIX: 18.00

Click Here

Nasdaq 100 (NQ)

Today is Cycle Day 1 (CD1)…Normal is for a decline measuring 6480.00. Average Range for CD1 is 187.00 handles. Odds of decline > 20 handles = 73% Odds of decline > 25 = 64%

CD1 Range High = 6718.00          CD1 Range Low = 6644.00          CD1 Range Avg = 187.00

Scenario 1: IF price holds bid above 6670, THEN initial upside potential measures 6710.00 – 6725.25 STATX Zone.

Scenario 2: IF price holds offer below 6670, THEN initial downside measures 6657.25 – 6615.75 Central Pivot Zone.

Range Projections and Key Levels (NQ) March 2019 (H) Contract

HOD  ATR Range Projection: 6797.00; LOD ATR Range Projection: 6565.00; 3 Day Central Pivot: 6600.00; 3 Day Cycle Target: 6730.00; 10 Day Average True Range: 133.00; 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 1.15.19

Markets
 
In Asia, Japan +1%. Hong Kong +2%. China +1.4%. India +1.3%
In Europe, at midday, London +0.2%. Paris +0.5%. Frankfurt +0.3%
Futures at 6:20, Dow +0.5%. S&P +0.5%. Nasdaq +0.6%. Crude +1.5% to $51.29. Gold -0.2%to $1289.20. Bitcoin +3.5% to $3639. 
Ten-year Treasury Yield -2 bps to 2.69%
 
(Source: Seeking Alpha)
 
Economic Calendar

http://mam.econoday.com/

8:30 Producer Price Index
8:30 Empire State Mfg Survey
11:30 Fed’s Kashkari Speech
1:00 PM Fed’s Kaplan Speech
1:00 PM Fed’s George Speech

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

S&P 500

Today is Cycle Day 3 (CD3)…Price pushed higher reaching CD3 Penetration Level (2600) during Asia Session, only to get rejected back into prior range during European Session. Failed breakout attempt leave bulls “slipping on the soap bar” not being able to gain any traction. With price at midpoint of 5 day range, the battle continues for control.

CD3 Range High = 2603.00          CD3 Range Low = 2545.00          CD3 Range Avg = 55.00 

Scenario 1: IF price holds bid above 2585, THEN initial upside potential measures 2600 CD3 Penetration Level.

Scenario 2: IF price holds offer below 2585, THEN initial downside measures 2577 CD1 Low, followed by 2572 Value Area Low (5).

Range Projections and Key Levels (ES) March (H) Contract

HOD  ATR Range Projection: 2621.50; LOD ATR Range Projection: 2558.00; Cycle Day 1 Low: 2577.00; 3 Day Central Pivot: 2585.00; 3 Day Cycle Target: 2604.50; 10 Day Average True Range 42.00; VIX: 19.00

Click Here

Nasdaq 100 (NQ)

Today is Cycle Day 3 …Price pushed higher reaching CD3 Range High (6598) during Asia Session, only to get rejected back into prior range during European Session. Failed breakout attempt leave bulls “slipping on the soap bar” not being able to gain any traction. With price at midpoint of 5 day range, the battle continues for control.

CD3 Range High = 6598.00         CD3 Range Low = 6551.00          CD3 Range Avg = 185.00

Scenario 1: IF price holds bid above 6570, THEN initial upside potential measures 6597.25 – 6606.75 STATX Zone.

Scenario 2: IF price holds offer below 6570, THEN initial downside measures 6562 – 6551 Central Pivot Zone.

Range Projections and Key Levels (NQ) March (H) Contract

HOD  ATR Range Projection: 6674.00; LOD ATR Range Projection: 6475.00; Cycle Day 1 Low: 6572.00; 3 Day Central Pivot: 6587.50; 3 Day Cycle Target: 6638.50; 10 Day Average True Range: 132.00; 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 1.14.19

Markets
 
Stock markets across the globe are starting the week on the back foot after a shock contraction in Chinese exports, which fell 4.4% from a year earlier. Imports also unexpectedly contracted, falling 7.6%, pointing to deepening cracks in the world’s second-biggest economy amid a bitter trade war with Washington.
 
In Asia, Japan closed. Hong Kong -1.4%. China -0.7%. India -0.4%
In Europe, at midday, London -0.7%. Paris -1.1%. Frankfurt -0.9%
Futures at 6:20, Dow -0.9%. S&P -0.9%. Nasdaq -1.2%. Crude -1.4% to $50.87. Gold +0.5% to $1295.40. Bitcoin -2.6% to $3522. 
Ten-year Treasury Yield -3 bps to 2.67%
 
(Source: Seeking Alpha)
 
Economic Calendar

http://mam.econoday.com/

No events scheduled

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

S&P 500

Today is Cycle Day 2 (CD2)…Price has slipped below 2577 CD1 Low fulfilling 2568.25 CD2 Range objective during overnight trade. Bulls will need to recapture CD1 Low and convert to support, otherwise additional weakness may develop during today’s session.

CD2 Range High = 2591.00          CD2 Range Low = 2558.25         CD2 Range Avg = 61.00

Scenario 1: IF price holds bid above 2575, THEN initial upside objective targets 2580 – 85 zone.

Scenario 2: IF price holds offer below 2575, THEN initial downside objective targets 2565 – 2560 zone.

Range Projections and Key Levels (ES) March 19 (H) Contract

HOD  ATR Range Projection: 2612.50; LOD ATR Range Projection: 2546.50; Cycle Day 1 Low: 2577.00; 3 Day Central Pivot: 2585.00; 3 Day Cycle Target: 2605.00; 10 Day Average True Range 45.00; VIX: 20.00

Click Here

Nasdaq 100 (NQ)

Today is Cycle Day 2 (CD2)…Price has slipped below 6572 CD1 Low fulfilling 6546.50 CD2 Range objective during overnight trade. Bulls will need to recapture CD1 Low and convert to support, otherwise additional weakness may develop during today’s session.

CD2 Range High = 6582.00         CD2 Range Low = 6546.50          CD2 Range Avg = 188.00

Scenario 1: IF price holds bid above 6548, THEN initial upside objective targets 6572 – 6582 zone.

Scenario 2: IF price holds offer below 6548, THEN initial downside objective targets 6530 – 6510 zone.

Range Projections and Key Levels (ES) March 19 (H) Contract

HOD  ATR Range Projection: 6667.00; LOD ATR Range Projection: 6461.00; Cycle Day 1 Low: 6572.00; 3 Day Central Pivot: 6602.00; 3 Day Cycle Target: 6638.00; 10 Day Average True Range: 141.00; 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 1.11.19

Markets
 
In Asia, Japan +1%. Hong Kong +0.6%. China +0.7%. India -0.3%
In Europe, at midday, London -0.1%. Paris -0.4%. Frankfurt -0.3%
Futures at 6:20, Dow flat. S&P -0.1%. Nasdaq -0.2%. Crude +0.6% to $52.92. Gold +0.4% to $1292.50. Bitcoin -4% to $3618. 
Ten-year Treasury Yield -1 bps to 2.72%
 
(Source: Seeking Alpha)
 
Economic Calendar

http://mam.econoday.com/

8:30 Consumer Price Index
1:00 PM Baker-Hughes Rig Count
2:00 PM Treasury Budget

***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 2535.00. Average Range for CD1 is 60.00 handles. Odds of decline > 10 handles = 72% Odds of decline > 20 = 42%

CD1 Range High = 2610.00       CD1 Range Low = 2574.00         CD1 Range Avg = 60.00 

Scenario 1: IF price holds bid above 2585, THEN initial upside potential targets 2600, followed by 2604.25 – 2608.75 STATX Zone.

Scenario 2: IF price holds offer below 2585, THEN initial downside targets 2580 – 2575 3 Day Central Pivot Zone.

Range Projections and Key Levels (ES) March 2019 (H) Contract

HOD  ATR Range Projection: 2637.50; LOD ATR Range Projection: 2546.75; 3 Day Central Pivot: 2578.00; 3 Day Cycle Target: 2614.00; 10 Day Average True Range 51.00; VIX: 19.85

Click Here

Nasdaq 100 (NQ)

Today is Cycle Day 1 (CD1)…Normal is for a decline measuring 6430.00. Average Range for CD1 is 191.00 handles. Odds of decline > 20 handles = 73% Odds of decline > 25 = 64%

CD1 Range High = 6653.00          CD1 Range Low = 6578.00          CD1 Range Avg = 191.00

Scenario 1: IF price holds bid above 6600, THEN initial upside potential targets 6642.00, followed by 6656.25 – 6669.50 STATX Zone.

Scenario 2: IF price holds offer below 6600, THEN initial downside targets 6586 – 6569 3 Day Central Pivot Zone.

Range Projections and Key Levels (NQ) March 2019 (H) Contract

HOD  ATR Range Projection: 6758.50; LOD ATR Range Projection: 6473.00; 3 Day Central Pivot: 6577.00; 3 Day Cycle Target: 6665.50; 10 Day Average True Range: 159.50; VIX: 19.85

Click Here

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

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

Good Trading…David

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

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

PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS

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

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

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

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

Trade Strategy 1.10.19

Markets
 
U.S. stock index futures are pointing to the first loss in five sessions for Wall Street amid further concerns of a slowdown in the world’s second largest economy. China’s consumer price index dropped to 1.9%, well below the 3% upper limit set by the PBOC, and producer prices grew at the slowest pace in two years. 
 
Investors today will be looking for new clues on interest rate policy after yesterday’s minutes from the FOMC’s December meeting indicated patience for upcoming rate hikes and possible changes to the central bank’s balance sheet plan.
 
In Asia, Japan -1.3%. Hong Kong +0.2%. China -0.4%. India -0.3%
In Europe, at midday, London -0.2%. Paris -0.8%. Frankfurt -0.4%
Futures at 6:20, Dow -0.4%. S&P -0.6%. Nasdaq -0.6%. Crude -0.8% to $51.96. Gold +0.2% to $1294.20. Bitcoin -6.2% to $3769. 
Ten-year Treasury Yield -3 bps to 2.7%
 
(Source: Seeking Alpha)
 
Economic Calendar

http://mam.econoday.com/

8:30 Initial Jobless Claims
8:35 Fed’s Barkin Speech
10:00 Wholesale Trade
10:30 EIA Natural Gas Inventory
12:40 PM Fed’s Bullard: U.S. Monetary and Economic Policy
12:45 PM Jerome Powell Speech
1:00 PM Fed’s Evans Speech
1:00 PM Results of $16B, 30-Year Note Auction
1:20 PM Fed’s Kashkari Speech
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 3 (CD3)…Having fulfilled upside objectives outlined in prior DTS Briefing 1.9.19, Scenario 1: IF price clears and converts 2581.25, THEN initial upside potential targets 2590 – 2593 CD2 Penetration Range Zone.”…Price has pulled back during overnight trade into 3 Day Central Pivot Zone (2566.75 – 2564.25) where action has stabilized.

CD3 Range High = 2584.00          CD3 Range Low = 2558.50          CD3 Range Avg = 57.00 

Scenario 1: IF price holds bid above 2565, THEN initial upside potential targets 2575 – 2580 zone. Further conversion of this zone to upper support expands objective to retest 2596.75 prior high.

Scenario 2: IF price holds offer below 2565, THEN initial downside potential targets 2556, followed by possible retest of 2547.50 CD1 Low.

Range Projections and Key Levels (ES) March (H) Contract

HOD  ATR Range Projection: 2614.50; LOD ATR Range Projection: 2527.50; Cycle Day 1 Low: 2547.50; 3 Day Central Pivot: 2565.00; 3 Day Cycle Target: 2608.00; 10 Day Average True Range 54.00; VIX: 21.00

Click Here

Nasdaq 100 (NQ)

Today is Cycle Day 3 …Price has pulled back during overnight trade into 3 Day Central Pivot Zone (6545.75 – 6530.75) where action has stabilized.

CD3 Range High = 6596.00         CD3 Range Low = 6548.00          CD3 Range Avg = 192.00

Scenario 1: IF price holds bid above 6540, THEN initial upside potential targets 6590 – 6610 zone. Further conversion of this zone to upper support expands objective to retest 6645.00 prior high.

Scenario 2: IF price holds offer below 6540, THEN initial downside potential target 6515, followed by possible retest of 6467.25 CD1 Low.

Range Projections and Key Levels (NQ) March (H) Contract

HOD  ATR Range Projection: 6710.50; LOD ATR Range Projection: 6434.00; Cycle Day 1 Low: 6467.25; 3 Day Central Pivot: 6540.00; 3 Day Cycle Target: 6667.00; 10 Day Average True Range: 170.00; VIX: 21.00

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