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Trade Strategy 5.24.18

Markets
 
In Asia, Japan -1.1%. Hong Kong +0.3%. China -0.5%. India +0.9%
In Europe, at midday, London -0.1%. Paris +0.4%. Frankfurt flat. 
Futures at 6:20, Dow flat. S&P flat. Nasdaq +0.1%. Crude -0.6% to $71.39. Gold +0.5% to $1295.80. Bitcoin -2.5% to $7318. 
Ten-year Treasury Yield flat at 3%
 
(Source: Seeking Alpha)
 
Economic Calendar

4:15 Fed’s Dudley Speech
8:30 Initial Jobless Claims
9:00 FHFA House Price Index
9:45 Bloomberg Consumer Comfort Index
10:00 Existing Home Sales
10:30 EIA Natural Gas Inventory
10:35 Fed’s Bostic Speech
11:00 Kansas City Fed Mfg Survey
1:00 PM Results of $30B, 7-Year Note Auction
2:00 PM Fed’s Harker Speech
4:30 PM Money Supply
4:30 PM Fed Balance Sheet

S&P 500

Today is Cycle Day 2 (CD2)…Price fulfilled CD1 lower targets in yesterday’s globex session and rallied throughout the session fulfilling 3 Day Cycle objectives. Bulls clearly have the momentum, though some back n fill would not be unexpected. 

Average Range for CD2 = 22.75

Scenario 1: IF price holds above PC (2730.00), and converts 2733 to upper support, THEN further upside measures 2743 – 2749 zone.

Scenario 2: Violation and conversion of 2724 handle opens door measuring 2714 – 2710 zone.

HOD  ATR Range Projection: 2743.00; LOD ATR Range Projection: 2710.00; Cycle Day 1 Low: 2704.50; 3 Day Central Pivot: 2728.50; 3 Day Cycle Target: 2735.50; 10 Day Average True Range 22.75; VIX: 12.75

Click Here

Nasdaq 100 (NQ)

Today is Cycle Day 2 (CD2)…Price fulfilled CD1 lower targets in yesterday’s globex session and rallied throughout the session fulfilling 3 Day Cycle objectives. Bulls clearly have the momentum, though some back n fill would not be unexpected. 

Average Range for CD2 = 50.75

Scenario 1: IF price holds above PC (6957.00), and converts 6961.50 to upper support, THEN further upside measures 6976 – 6988  zone.

Scenario 2: Violation and conversion of 6945 handle opens door measuring 6924 – 6917 zone.

Range Projections and Key Levels (NQ)

HOD  ATR Range Projection: 7009.00; LOD ATR Range Projection: 6891.00; Cycle Day 1 Low: 6829.75; 3 Day Central Pivot: 6917.00; 3 Day Cycle Target: 6924.00; 10 Day Average True Range: 83.75; VIX: 12.75

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 5.23.18

Markets
 
In Asia, Japan -1.2%. Hong Kong -1.8%. China -1.4%. India -1.9%
In Europe, at midday, London -0.7%. Paris -1.1%. Frankfurt -1.5%
Futures at 6:20, Dow -0.7%. S&P -0.6%. Nasdaq -1%. Crude -0.6% to $71.76. Gold +0.3% to $1296.20. Bitcoin -1.7% to $7845. 
Ten-year Treasury Yield -5 bps to 3.01%
 
(Source: Seeking Alpha)
 
Economic Calendar

7:00 MBA Mortgage Applications
9:45 PMI Composite Flash
10:00 New Home Sales
10:30 EIA Petroleum Inventories
11:30 Results of $16B, 2-Year FRN Auction
1:00 PM Results of $36B, 5-Year Note Auction
2:00 PM FOMC minutes

S&P 500

Today is Cycle Day 1 (CD1)…Normal is for a decline measuring 2694. Average Range for CD1 is 23.00 handles. Odds of decline > 10 handles = 71% Odds of decline > 20 = 41% Possible CD1 Range Low = 2688

Scenario 1: IF price clears and converts 2712 handle, THEN upside targets 2722 – 24 zone.

Scenario 2: IF price violates and converts 2724 handle, THEN downside targets 2708 – 04 zone.

HOD  ATR Range Projection: 2727.00; LOD ATR Range Projection: 2703.50; Cycle Day 1 Low: 2616.00; 3 Day Central Pivot: 2725.75; 3 Day Cycle Target: 2742.25; 10 Day Average True Range 22.50; VIX: 14.25

Click Here

Nasdaq 100 (NQ)

Today is Cycle Day 1 (CD1)…Normal is for a decline measuring 6905.00. Average Range for CD1 is 49.75 handles. Odds of decline > 20 handles = 72% Odds of decline > 25 = 63% Possible CD1 Range Low = 6785.25

Scenario 1: IF price clears and converts 6875 handle, THEN upside targets 6900 – 15 zone.

Scenario 2: IF price violates and converts 6875 handle, THEN downside targets 6840 – 6830 zone.

Range Projections and Key Levels (NQ)

HOD  ATR Range Projection: 6907.00; LOD ATR Range Projection: 6830.50; Cycle Day 1 Low: 6467.25; 3 Day Central Pivot: 6908.50; 3 Day Cycle Target: 6956.00; 10 Day Average True Range: 77.50; VIX: 14.25

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 5.22.18

Markets
 
In Asia, Japan -0.2%. Hong Kong +0.6%. China flat. India +0.1%
In Europe, at midday, London flat. Paris +0.2%. Frankfurt +0.1%
Futures at 6:20, Dow +0.2%. S&P +0.2%. Nasdaq +0.4%. Crude +0.2% to $72.52. Gold +0.2% to $1293.90. Bitcoin -1.6% to $8261. 
Ten-year Treasury Yield +1 bps to 3.08%
 
(Source: Seeking Alpha)
 
Economic Calendar

8:55 Redbook Chain Store Sales
10:00 Richmond Fed Mfg
1:00 PM Results of $33B, 2-Year Note Auction

S&P 500

Today is Cycle Day 3 (CD3)…Price has fulfilled this cycle’s minimum objectives in prior session. Bullish momentum remains largely intact with potential for higher secondary cycle objectives should prior high firmly convert.

Average Range for CD3 = 22.50

Scenario 1: IF price clears and converts 2740 handle, THEN upside targets 2750 – 53 zone.

Scenario 2: Violation of 2733 handle opens door to 2724 – 22 3 Day Central Pivot Zone.

HOD  ATR Range Projection: 2753.50; LOD ATR Range Projection: 2616.00; Cycle Day 1 Low: 2661.25; 3 Day Central Pivot: 2723.00; 3 Day Cycle Target: 2687.95; 10 Day Average True Range 23.00; VIX: 13.00

Click Here

Nasdaq 100 (NQ)

Today is Cycle Day 3 (CD3)…Price has fulfilled this cycle’s objectives in prior session. Bullish momentum remains largely intact with potential for higher secondary cycle objectives should prior high firmly convert.

Average Range for CD3 = 51.00

Scenario 1: IF price clears and converts 6955 handle, THEN upside targets 6988 – 7000 zone.

Scenario 2: Violation of 6914 handle opens door to 6896 – 6887 zone.

Range Projections and Key Levels (NQ)

HOD  ATR Range Projection: 6988.00; LOD ATR Range Projection: 6867.50; Cycle Day 1 Low: 6772.25; 3 Day Central Pivot: 6907.25; 3 Day Cycle Target: 6833.75; 10 Day Average True Range: 80.25; VIX: 13.00

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 5.21.18

Markets
 
In Asia, Japan +0.3%. Hong Kong +0.6%. China +0.6%. India -0.7%
In Europe, at midday, London +0.8%. Paris +0.7%. Frankfurt -0.3%
Futures at 6:20, Dow +0.9%. S&P +0.5%. Nasdaq +0.6%. Crude +0.2% to $71.52. Gold -0.6% to $1283.50. Bitcoin -0.5% to $8477. 
Ten-year Treasury Yield flat at 3.07%
 
(Source: Seeking Alpha)
 
Economic Calendar

8:30 Chicago Fed National Activity Index
12:15 PM Fed’s Bostic Speech
2:15 PM Fed’s Harker Speech

S&P 500

Today is Cycle Day 2 (CD2)…Price has gapped higher in overnight trade fulfilling 2735.50 minimum 3 Day Cycle Target. Bulls will need to hold bid at or above 2725 handle to continue with current gains.

Average Range for CD2 = 22.81

Scenario 1: IF price holds above 2725 handle, THEN initial objective is to retest ONH (2736.25). IF converted, THEN further upside measures 2741 – 2747 zone.

Scenario 2: IF price violates and converts 2725 handle, THEN downside retracement measures 2718 – 2714 zone.

HOD  ATR Range Projection: 2746.50; LOD ATR Range Projection: 2714.00; Cycle Day 1 Low: 2708.75; 3 Day Central Pivot: 2718.25; 3 Day Cycle Target: 2735.50; 10 Day Average True Range 22.31; VIX: 13.05

Click Here

Nasdaq 100 (NQ)

Today is Cycle Day 2 (CD2)…Price has gapped higher in overnight trade fulfilling 6924.00 minimum 3 Day Cycle Target. Bulls will need to hold bid at or above 6908 handle to continue with current gains.

Average Range for CD2 = 50.75

Scenario 1: IF price holds above 6908 handle, THEN initial objective is to retest ONH (6947.50). IF converted, THEN further upside measures 6958 – 6960 zone.

Scenario 2: IF price violates and converts 6908 handle, THEN downside retracement measures 6896 – 6878 zone.

Range Projections and Key Levels (NQ)

HOD  ATR Range Projection: 6978.50; LOD ATR Range Projection: 6868.00; Cycle Day 1 Low: 6862.25; 3 Day Central Pivot: 6908.50; 3 Day Cycle Target: 6924.00; 10 Day Average True Range: 79.50; VIX: 13.05

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 5.18.18

Markets
 
In Asia, Japan +0.4%. Hong Kong +0.3%. China +1.2%. India -0.9%
In Europe, at midday, London -0.1%. Paris flat. Frankfurt flat. 
Futures at 6:20, Dow +0.3%. S&P +0.2%. Nasdaq +0.3%. Crude +0.2% to $71.64. Gold -0.3% to $1286. Bitcoin +0.8% to $8126. 
Ten-year Treasury Yield flat at 3.1%
 
(Source: Seeking Alpha)
 
Economic Calendar

3:00 Fed’s Mester Speech
9:15 Fed’s Kaplan Speech
9:15 Fed’s Reserve Gov. Lael Brainard Speech
1:00 PM Baker-Hughes Rig Count

S&P 500

Today is Cycle Day 1 (CD1)…Normal is for a decline measuring 2709.50. Average Range for CD1 is 23.00 handles. Odds of decline > 10 handles = 71% Odds of decline > 20 = 41% Possible CD1 Range Low = 2704.00

Scenario 1: IF price clears and converts 2732 handle, THEN upside targets 2738 – 40 zone.

Scenario 2: IF price violates and converts 2712 handle, THEN downside targets 2708 – 04 zone.

HOD  ATR Range Projection: 2740.50; LOD ATR Range Projection: 2702.25; Cycle Day 1 Low: 2616.00; 3 Day Central Pivot: 2717.50; 3 Day Cycle Target: 2742.25; 10 Day Average True Range 24.75; VIX: 13.25

Click Here

Nasdaq 100 (NQ)

Today is Cycle Day 1 (CD1)…Normal is for a decline measuring 6913.00. Average Range for CD1 is 49.75 handles. Odds of decline > 20 handles = 72% Odds of decline > 25 = 63% Possible CD1 Range Low = 6886.00

Scenario 1: IF price clears and converts 6962 handle, THEN upside targets 6980 – 7000 zone.

Scenario 2: IF price violates and converts 6875 handle, THEN downside targets 6849.25 – 6838.00 zone.

Range Projections and Key Levels (NQ)

HOD  ATR Range Projection: 6981.50; LOD ATR Range Projection: 6849.25; Cycle Day 1 Low: 6467.25; 3 Day Central Pivot: 6914.00; 3 Day Cycle Target: 6956.00; 10 Day Average True Range: 86.50; VIX: 13.25

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 5.17.18

Markets
 
In Asia, Japan +0.5%. Hong Kong -0.5%. China -0.5%. India -0.7%
In Europe, at midday, London +0.2%. Paris +0.4%. Frankfurt +0.2%
Futures at 6:20, Dow -0.1%. S&P -0.2%. Nasdaq -0.4%. Crude +0.9% to $72.11. Gold -0.3% to $1287.80. Bitcoin -0.3% to $8312. 
Ten-year Treasury Yield +2 bps to 3.11%
 
(Source: Seeking Alpha)
 
Economic Calendar

8:30 Initial Jobless Claims
8:30 Philly Fed Business Outlook
9:45 Bloomberg Consumer Comfort Index
10:00 E-Commerce Retail Sales
10:00 Leading Indicators
10:30 EIA Natural Gas Inventory
4:30 PM Money Supply
4:30 PM Fed Balance Sheet

S&P 500

Today is Cycle Day 3 (CD3)…Price has fulfilled this cycle’s objectives in prior session. As such, today could be “iffy” on direction with potential option expiry playing a role. Some back n fill rotation would be normally expected with initial support zone between 2713 – 2716.

Average Range for CD3 = 22.50

Scenario 1: IF price holds above PC (2721.75), THEN initial objective is retest of PH (2728.00). IF converts, THEN expansion targets 2736 – 38 zone.

Scenario 2: IF price holds below PC (2721.75), THEN initial downside objective targets test of 2716 – 13 zone. IF converted to lower resistance, THEN further downside measures 2706 – 2704 zone.

HOD  ATR Range Projection: 2741.50; LOD ATR Range Projection: 2699.50; Cycle Day 1 Low: 2661.25; 3 Day Central Pivot: 2721.25; 3 Day Cycle Target: 2687.95; 10 Day Average True Range 25.50; VIX: 13.50

Click Here

Nasdaq 100 (NQ)

Today is Cycle Day 3 (CD3)…Price has fulfilled this cycle’s objectives in prior session. As such, today could be “iffy” on direction with potential option expiry playing a role. Some back n fill rotation would be normally expected with initial support zone between 6924 – 6910.

Average Range for CD3 = 51.00

Scenario 1: IF price holds above PC (6934.25), THEN initial objective is retest of PH (6953.50). IF converts, THEN expansion targets 6958 – 6973 zone.

Scenario 2: IF price holds below PC (6934.25), THEN initial downside objective targets test of 6923 – 6910 zone. IF converted to lower resistance, THEN further downside measures 6894 – 6884 zone.

Range Projections and Key Levels (NQ)

HOD  ATR Range Projection: 6993.00; LOD ATR Range Projection: 6858.00; Cycle Day 1 Low: 6772.25; 3 Day Central Pivot: 6936.00; 3 Day Cycle Target: 6833.75; 10 Day Average True Range: 86.50; VIX: 13.50

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 5.16.18

Markets
 
In Asia, Japan -0.4%. Hong Kong -0.1%. China -0.7%. India -0.4%
In Europe, at midday, London +0.2%. Paris flat. Frankfurt +0.3%
Futures at 6:20, Dow -0.1%. S&P flat. Nasdaq flat. Crude -0.1% to $71.23. Gold flat at $1290.20. Bitcoin -1.3% to $8368. 
Ten-year Treasury Yield +1 bps to 3.06%
 
(Source: Seeking Alpha)
 
Economic Calendar

7:00 MBA Mortgage Applications
8:30 Housing Starts
9:15 Industrial Production
10:00 Atlanta Fed’s Business Inflation Expectations
10:30 EIA Petroleum Inventories

S&P 500

Today is Cycle Day 2 (CD2)…Expectation is for a period of consolidation following a textbook CD1 normal decline which fulfilled 2702 CD1 Violation Level.

Average Range for CD2 = 22.81

Scenario 1: IF price holds above 2702, THEN conversion of 2715 to support becomes the initial objective. IF successful, THEN recovery rally targets 2725 handle.

Scenario 2: IF price violates and converts 2702 to lower resistance, THEN downside expansion targets 2692 – 2688 zone.

HOD  ATR Range Projection: 2732.00; LOD ATR Range Projection: 2688.00; Cycle Day 1 Low: 2700.50; 3 Day Central Pivot: 2723.75; 3 Day Cycle Target: 2723.75; 10 Day Average True Range 27.30; VIX: 14.50

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Nasdaq 100 (NQ)

Today is Cycle Day 2 (CD2)…Expectation is for a period of consolidation following a textbook CD1 normal decline which fulfilled CD1 Violation Level.

Average Range for CD2 = 50.75

Scenario 1: IF price holds above 6854, THEN conversion of 6900 to support becomes the initial objective. IF successful, THEN recovery rally targets 6950 handle.

Scenario 2: IF price violates and converts 6854 to lower resistance, THEN downside expansion targets 6828 – 6805 zone.

Range Projections and Key Levels (NQ)

HOD  ATR Range Projection: 6966.75; LOD ATR Range Projection: 6815.50; Cycle Day 1 Low: 6854.25; 3 Day Central Pivot: 6947.25; 3 Day Cycle Target: 6905.50; 10 Day Average True Range: 91.25; VIX: 14.50

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 5.15.18

Markets
 
In Asia, Japan -0.2%. Hong Kong -1.2%. China +0.6%. India flat. 
In Europe, at midday, London +0.3%. Paris +0.1%. Frankfurt -0.1%
Futures at 6:20, Dow -0.2%. S&P -0.1%. Nasdaq -0.1%. Crude +0.7% to $71.45. Gold -0.7% to $1308.90. Bitcoin +1.4% to $8794. 
Ten-year Treasury Yield +2 bps to 3.02%
 
(Source: Seeking Alpha)
 
Economic Calendar

8:30 Retail Sales
8:30 Empire State Mfg Survey
8:55 Redbook Chain Store Sales
10:00 Business Inventories
10:00 NAHB Housing Market Index
1:10 PM Fed’s Williams Speech
4:00 PM Treasury International Capital

S&P 500

Today is Cycle Day 1 (CD1)…Normal is for a decline measuring 2720.50. Average Range for CD1 is 23.00 handles. Odds of decline > 10 handles = 71% Odds of decline > 20 = 41% Possible CD1 Range Low = 2708.50

Scenario 1: IF price clears and converts 2729 handle, THEN upside targets 2732 – 35 zone.

Scenario 2: IF price violates and converts 2729 handle, THEN downside targets 2720 – 18 zone.

HOD  ATR Range Projection: 2747.25; LOD ATR Range Projection: 2704.50; Cycle Day 1 Low: 2616.00; 3 Day Central Pivot: 2722.50; 3 Day Cycle Target: 2692.00; 10 Day Average True Range 26.75; VIX: 13.10

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Nasdaq 100 (NQ)

Today is Cycle Day 1 (CD1)…Normal is for a decline measuring 6964.50. Average Range for CD1 is 49.75 handles. Odds of decline > 20 handles = 72% Odds of decline > 25 = 63% Possible CD1 Range Low = 6927.00

Scenario 1: IF price clears and converts 6969 handle, THEN upside targets 6985.50 – 6995.75 zone.

Scenario 2: IF price violates and converts 6969 handle, THEN downside targets 6940 – 6927 zone.

Range Projections and Key Levels (NQ)

HOD  ATR Range Projection: 7032.00; LOD ATR Range Projection: 6890.75; Cycle Day 1 Low: 6467.25; 3 Day Central Pivot: 6957.25; 3 Day Cycle Target: 6792.00; 10 Day Average True Range: 86.00; VIX: 13.10

Click Here

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

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

Good Trading…David

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

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

PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS

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

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

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

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

Trade Strategy 5.14.18

Markets
 
In Asia, Japan +0.5%. Hong Kong +1.4%. China +0.4%. India flat. 
In Europe, at midday, London -0.2%. Paris -0.3%. Frankfurt -0.4%
Futures at 6:20, Dow +0.4%. S&P +0.2%. Nasdaq +0.3%. Crude -0.2% to $70.54. Gold -0.1% to $1319.80. Bitcoin -3.5% to $8383. 
Ten-year Treasury Yield +1 bps to 2.98% 
 
(Source: Seeking Alpha)
 
Economic Calendar

2:45 Fed’s Mester Speech
9:40 Fed’s Bullard Speech

S&P 500

Today is Cycle Day 3 (CD3)…Price has traded higher in overnight trade reaching 2741 CD3 Penetration Level. This level will be marked as “key resistance” for the RTH Session.

Average Range for CD3 = 22.56

Scenario 1: IF price clears and converts PH (2732.50), THEN upside targets 2741 handle.

Scenario 2: IF price violates and converts PC (2728.00), THEN downside targets 2718 handle.

HOD  ATR Range Projection: 2756.00; LOD ATR Range Projection: 2712.00; Cycle Day 1 Low: 2661.25; 3 Day Central Pivot: 2708.25; 3 Day Cycle Target: 2687.95; 10 Day Average True Range 29.00; VIX: 13.00

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Nasdaq 100 (NQ)

Today is Cycle Day 3 (CD3)…Price has traded higher in overnight trade testing 6999.50 CD3 Penetration Level. This level will be marked as “key resistance” for the RTH Session.

Average Range for CD3 = 51.00

Scenario 1: IF price clears and converts PH (6979.50), THEN upside targets 7000 handle.

Scenario 2: IF price violates and converts PC (6957.00), THEN downside targets 6743 handle.

Range Projections and Key Levels (NQ)

HOD  ATR Range Projection: 7050.50; LOD ATR Range Projection: 6901.50; Cycle Day 1 Low: 6772.25; 3 Day Central Pivot: 6920.50; 3 Day Cycle Target: 6833.75; 10 Day Average True Range: 92.80; VIX: 13.00

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