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Trade Strategy 7.12.18

Markets
 
In Asia, Japan +1.2%. Hong Kong +0.6%. China +2.2%. India +0.8%
In Europe, at midday, London +0.8%. Paris +0.7%. Frankfurt +0.6%
Futures at 6:20, Dow +0.7%. S&P +0.5%. Nasdaq +0.5%. Crude +0.8% to $70.95. Gold flat at $1244.10. Bitcoin -3.3% to $6174. 
Ten-year Treasury Yield +2 bps to 2.87%
 
(Source: Seeking Alpha)
 
Economic Calendar

8:30 Consumer Price Index
8:30 Initial Jobless Claims
9:45 Bloomberg Consumer Comfort Index
10:30 EIA Natural Gas Inventory
12:15 PM Fed’s Harker Speech
1:00 PM Results of $14B, 30-Year Note Auction
2:00 PM Treasury Budget
4:30 PM Money Supply
4:30 PM Fed Balance Sheet

S&P 500

Today is Cycle Day 1 (CD1)…Normal is for a decline measuring 2761.50. Average Range for CD1 is 27.00 handles. Odds of decline > 10 handles = 72% Odds of decline > 20 = 42%

Market Bias: Short-Term – Bullish

CD1 Range High = 2796.50         CD1 Range Low = 2768.25         CD1 Range Avg = 27.00 

Scenario 1: IF price holds above 2775.75, THEN upside objectives measure 2791, followed by 2796 – 2800 zone.

Scenario 2: IF price violates and converts 2775.75, THEN downside objectives measure 2768 – 2765 zone.

Range Projections and Key Levels (ES) September (U) Contract

HOD  ATR Range Projection: 2796.75; LOD ATR Range Projection: 2767.75; Cycle Day 1 Low: 2739.00; 3 Day Central Pivot: 2781.25; 3 Day Cycle Target: 2800.50; 10 Day Average True Range 23.00; VIX: 13.00

Click Here

Nasdaq 100 (NQ)

Today is Cycle Day 1 (CD1)…Normal is for a decline measuring 7198.00. Average Range for CD1 is 93.00 handles. Odds of decline > 20 handles = 72% Odds of decline > 25 = 64%

Market Bias: Short-Term – Bullish

CD1 Range High = 7299.75          CD1 Range Low = 7202.50          CD1 Range Avg = 93.00

Scenario 1: IF price holds above 7255.00, THEN upside objectives measure 7299.50, followed by 7309 – 7312 zone.

Scenario 2: IF price violates and converts 7255.00, THEN downside objectives measure 7216 – 7205 zone.

Range Projections and Key Levels (NQ) September (U) Contract

HOD  ATR Range Projection: 7329.00; LOD ATR Range Projection: 7216.00; Cycle Day 1 Low: 7138.50; 3 Day Central Pivot: 7272.75; 3 Day Cycle Target: 7312.00; 10 Day Average True Range: 79.50; 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 7.11.18

Markets
 
It’s another down day for stocks across the globe after the Trump administration raised the stakes in its trade war with China, saying it would slap 10% tariffs on an extra $200B worth of Chinese imports. The new list appears to target Beijing’s important manufacturing export industries, going after electronics, textiles, metal components and auto parts. Food and personal sectors are also set to be affected, as well as beauty goods and makeup products.
 
In Asia, Japan -1.2%. Hong Kong -1.3%. China -1.8%. India +0.1%
In Europe, at midday, London -1.5%. Paris -1.2%. Frankfurt -1.3%
Futures at 6:20, Dow -0.9%. S&P -0.8%. Nasdaq -1%. Crude -0.7% to $73.60. Gold -0.4% to $1250.70. Bitcoin +0.7% to $6349. 
Ten-year Treasury Yield -3 bps to 2.84%
 
(Source: Seeking Alpha)
 
Economic Calendar

7:00 MBA Mortgage Applications
8:30 Producer Price Index
10:00 Atlanta Fed’s Business Inflation Expectations
10:00 Wholesale Trade
10:30 EIA Petroleum Inventories
1:00 PM Results of $22B, 10-Year Note Auction
3:30 PM Fed’s Williams Speech

S&P 500

Today is Cycle Day 3 (CD3)…After fulfilling Cycle objectives in prior session, prices have hit the skids in overnight trade retreating back to CD1 Low levels. No major damage has been done to current uptrend conditions, so view current trade action from lens of normal ebbs n flows of supply and demand.

Market Bias: Short-term: Bullish

CD3 Range High = 2788.50          CD3 Range Low = 2764.50          CD3 Range Avg = 29.00 

Scenario 1: IF price holds above 2770 handle, THEN recovery bounce targets 2785 prior settlement.

Scenario 2: IF price fails to clear and convert 2780 to support and subsequently violates and converts 2770 to resistance, THEN further downside measures 2757.50 – 2754.50 zone.

Range Projections and Key Levels (ES) September (U) Contract

HOD  ATR Range Projection: 2789.00; LOD ATR Range Projection: 2763.75; Cycle Day 1 Low: 2761.75; 3 Day Central Pivot: 2773.50; 3 Day Cycle Target: 2793.00; 10 Day Average True Range 23.00; VIX: 13.61

Click Here

Nasdaq 100 (NQ)

Today is Cycle Day 3 (CD3)…After fulfilling Cycle objectives in prior session, prices have hit the skids in overnight trade retreating back to CD1 Low levels. No major damage has been done to current uptrend conditions, so view current trade action from lens of normal ebbs n flows of supply and demand.

Market Bias: Short-term: Bullish

CD3 Range High = 7256.00          CD3 Range Low = 7164.50          CD3 Range Avg = 108.00

Scenario 1: IF price holds above 7220 handle, THEN recovery bounce targets 7273.00 prior settlement.

Scenario 2: IF price fails to clear and convert 7253.00 to support and subsequently violates and converts 7220 to resistance, THEN further downside measures 7189.50 – 7164.50 zone.

Range Projections and Key Levels (NQ) September (U) Contract

HOD  ATR Range Projection: 7287.75; LOD ATR Range Projection: 7189.50; Cycle Day 1 Low: 7138.50; 3 Day Central Pivot: 7253.00; 3 Day Cycle Target: 7294.75; 10 Day Average True Range: 83.25; VIX: 13.61

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 7.10.18

Markets
 
In Asia, Japan +0.7%. Hong Kong flat. China +0.4%. India +0.9%
In Europe, at midday, London +0.2%. Paris +0.5%. Frankfurt +0.4%
Futures at 6:20, Dow +0.3%. S&P +0.2%. Nasdaq +0.3%. Crude +0.5% to $74.22. Gold -0.5% to $1253.60. Bitcoin -3% to $6461. 
Ten-year Treasury Yield flat at 2.87%
 
(Source: Seeking Alpha)
 
Economic Calendar

6:00 NFIB Small Business Optimism Index
8:55 Redbook Chain Store Sales
10:00 Labor market condition index
1:00 PM Results of $33B, 3-Year Note Auction

S&P 500

Today is Cycle Day 2 (CD2)…Price continued to rally in prior session fulfilling and exceeding  2793.00 3 Day Cycle Target. Bid holding firm during overnight trade above 2787.25 prior close as bullish momentum remains solidly intact.

Market Bias: Short-term Bullish

CD2 Range High = 2809.00          CD2 Range Low = 2780.25         CD2 Range Avg = 30.75

Scenario 1: IF price holds above 2787.25, THEN upside targets 2796.50 – 2800.25 zone.

Scenario 2: IF price violates and converts 2787.25 to resistance, THEN downside correction targets 2780.25 – 2772.75 previous IB Zone.

Range Projections and Key Levels (ES) September (U) Contract

HOD  ATR Range Projection: 2812.00; LOD ATR Range Projection: 2771.50; Cycle Day 1 Low: 2761.75; 3 Day Central Pivot: 2754.25; 3 Day Cycle Target: 2793.00; 10 Day Average True Range 25.89; VIX: 12.40

Click Here

Nasdaq 100 (NQ)

Today is Cycle Day 2 (CD2)…Price continued to rally in prior session fulfilling and exceeding  7294.75 3 Day Cycle Target. Bid holding firm during overnight trade above 7302.50 prior close as bullish momentum remains solidly intact.

Market Bias: Short-term Bullish

CD2 Range High = 7349.50         CD2 Range Low = 7231.50          CD2 Range Avg = 104.00

Scenario 1: IF price holds above 7302.50, THEN upside targets 7322.75 – 7349.25 zone.

Scenario 2: IF price violates and converts 7302.50 to resistance, THEN downside correction targets 7294.75 – 7284.50 zone.

Range Projections and Key Levels (NQ) September (U) Contract

HOD  ATR Range Projection: 7390.25; LOD ATR Range Projection: 7243.00; Cycle Day 1 Low: 7232.25; 3 Day Central Pivot: 7186.50; 3 Day Cycle Target: 7294.75; 10 Day Average True Range: 92.50; VIX: 12.40

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 7.9.18

Markets
 
In Asia, Japan +1.2%. Hong Kong +1.3%. China +2.5%. India +0.8%
In Europe, at midday, London +0.4%. Paris +0.6%. Frankfurt +0.2%
Futures at 6:20, Dow +0.5%. S&P +0.4%. Nasdaq +0.4%. Crude -0.2% to $73.65. Gold +0.7% to $1265. Bitcoin -0.1% to $6699. 
Ten-year Treasury Yield +2 bps to 2.85%
 
(Source: Seeking Alpha)
 
Economic Calendar

9:10 Fed’s Kashkari speech
12:30 PM TD Ameritrade IMX
3:00 PM Consumer Credit

S&P 500

Today is Cycle Day 1 (CD1)…Normal is for a decline measuring 2742.00. Average Range for CD1 is 27.00 handles. Odds of decline > 10 handles = 72% Odds of decline > 20 = 42%

Market Bias: Short-Term – Bullish

CD1 Range High = 2784.50         CD1 Range Low = 2752.50         CD1 Range Avg = 27.00 

Scenario 1: IF price holds bid above 2766.25, THEN upside targets 2775.00 – 2781.00  zone.

Scenario 2: IF price holds offer below 2762.50, THEN downside targets 2752.50 – 2742.50 zone.

Range Projections and Key Levels (ES) September (U) Contract

HOD  ATR Range Projection: 2787.50; LOD ATR Range Projection: 2749.50; Cycle Day 1 Low: 2739.00; 3 Day Central Pivot: 2734.00; 3 Day Cycle Target: 2793.00; 10 Day Average True Range 25.86; VIX: 13.25

Click Here

Nasdaq 100 (NQ)

Today is Cycle Day 1 (CD1)…Normal is for a decline measuring 7146.50. Average Range for CD1 is 93.50 handles. Odds of decline > 20 handles = 72% Odds of decline > 25 = 64%

Market Bias: Short-Term – Bulliah

CD1 Range High = 7282.50          CD1 Range Low = 7176.50          CD1 Range Avg = 93.50

Scenario 1: IF price holds bid above 7237.75, THEN upside targets 7256.00 – 7270.50  zone.

Scenario 2: IF price holds offer below 7231.00, THEN downside targets 7196.75 – 7176.50  zone.

Range Projections and Key Levels (NQ) September (U) Contract

HOD  ATR Range Projection: 7329.75; LOD ATR Range Projection: 7172.50; Cycle Day 1 Low: 7138.50; 3 Day Central Pivot: 7105.75; 3 Day Cycle Target: 7294.75; 10 Day Average True Range: 97.50; 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 7.3.18

Markets
 
In Asia, Japan -0.12%. Hong Kong -1.41%. China +0.41%. India +0.40%
In Europe, at midday, London +0.53%. Paris +1.00%. Frankfurt +1.29%
Futures at 6:20, Dow +0.47%. S&P +0.35%. Nasdaq +0.40%. Crude +1.12% to $74.77. Gold +0.42% to $1,246.90. Bitcoin +4.17% to $6,601. 
Ten-year Treasury Yield +1bps to 2.877%
 
(Source: Seeking Alpha)
 
Economic Calendar

Auto Sales
8:55 Redbook Chain Store Sales
10:00 Factory Orders
NYSE close at 1:00 PM

S&P 500

Today is Cycle Day 3 (CD3)…Price shrugged off early price weakness in prior session and rallied into the closing bell. Overnight prices are continuing the upward trajectory closing in on 2743.50 3 Day Cycle Target.

Market Bias: Short-term: Bearish (correction)

CD3 Range High = 2743.00          CD3 Range Low = 2717.00          CD3 Range Avg = 30.50 

Scenario 1: IF price converts PC (2726.75) to solid support, THEN upside targets 2743.50.

Scenario 2: IF Price converts 3D Pivot (2719.75) to solid resistance, THEN downside targets 2709.50.

Range Projections and Key Levels (ES) September (U) Contract

HOD  ATR Range Projection: 2749.50; LOD ATR Range Projection: 2710.75; Cycle Day 1 Low: 2739.00; 3 Day Central Pivot: 2719.75; 3 Day Cycle Target: 2743.50; 10 Day Average True Range 29.00; VIX: 15.00

Click Here

Nasdaq 100 (NQ)

Today is Cycle Day 3 (CD3)…Price shrugged off early price weakness in prior session and rallied into the closing bell. Overnight prices are continuing the upward trajectory fulfilling and surpassing 7123.50 3 Day Cycle Target.

Market Bias: Short-term: Bearish (correction)

CD3 Range High = 7202.00          CD3 Range Low = 7055.00          CD3 Range Avg = 105.25

Scenario 1: IF price converts PC (7115.75) to solid support, THEN upside targets 7178.00 – 7202.00 zone.

Scenario 2: IF Price converts 3D Pivot (7061.00) to solid resistance, THEN downside targets 7036.75 – 7022.00 zone.

Range Projections and Key Levels (NQ) September (U) Contract

HOD  ATR Range Projection: 7205.50; LOD ATR Range Projection: 7051.50; Cycle Day 1 Low: 7138.50; 3 Day Central Pivot: 7061.00; 3 Day Cycle Target: 7202.50; 10 Day Average True Range: 108.75; VIX: 15.00

Click Here

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

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

Good Trading…David

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

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

PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS

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

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

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

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

Trade Strategy 7.2.18

Markets
 
Stocks across the globe are once again opening the week in the red as tough trade talk over the weekend weighed on investor sentiment. The EU warned of hefty reciprocal U.S. tariffs.
 
In Asia, Japan -2.2%. Hong Kong +1.6%. China -2.5%. India -0.5%
In Europe, at midday, London -1%. Paris -1.2%. Frankfurt -0.7%
Futures at 6:20, Dow -0.7%. S&P -0.6%. Nasdaq -0.7%. Crude -0.6% to $73.71. Gold -0.4% to $1249.70. Bitcoin -0.2% to $6333. 
Ten-year Treasury Yield -2 bps to 2.83%
 
(Source: Seeking Alpha)
 
Economic Calendar

9:45 PMI Manufacturing Index
10:00 ISM Manufacturing Index
10:00 Construction Spending

S&P 500

Today is Cycle Day 2 (CD2)…Price fulfilled 3 Day Rally objective of 2743.50 in last day of  month/quarter before giving up most of session’s gains late into closing bell. Overnight trade continues to see some weakness with price responding off the 2700 roundie.

Market Bias: Short-term (neutral: correction)

CD2 Range High = 2730.50          CD2 Range Low = 2696.00          CD2 Range Avg = 32.00 

Scenario 1: IF price holds above PC (2720.75), THEN upside targets 2740 handle.

Scenario 2: IF price fails to hold PC (2720.75), THEN downside targets 2698 – 2696 range low zone.

Range Projections and Key Levels (ES) September (U) Contract

HOD  ATR Range Projection: 2727.75; LOD ATR Range Projection: 2698.75; Cycle Day 1 Low: 2714.75; 3 Day Central Pivot: 2719.75; 3 Day Cycle Target: 2743.50; 10 Day Average True Range 29.25; VIX: 17.33

Click Here

Nasdaq 100 (NQ)

Today is Cycle Day 2 (CD2)…Price fulfilled 3 Day Rally objectives in last day of  month/quarter before giving up most of session’s gains late into closing bell. Overnight trade continues to see some weakness with price responding off the 7000 roundie.

Market Bias: Short-term (neutral: correction)

CD2 Range High = 7097.00          CD2 Range Low = 6983.00          CD2 Range Avg = 105.00

Scenario 1: IF price holds above PC (7067.75), THEN upside targets 7124 handle.

Scenario 2: IF price fails to hold PC (7067.75), THEN downside targets 6984 – 6970.50 range low zone.

Range Projections and Key Levels (NQ) September (U) Contract

HOD  ATR Range Projection: 7095.75; LOD ATR Range Projection: 6984.50; Cycle Day 1 Low: 7057.75; 3 Day Central Pivot: 7051.50; 3 Day Cycle Target: 7202.50; 10 Day Average True Range: 103.50; VIX: 17.33

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 6.29.18

Markets
 
In Asia, Japan +0.2%. Hong Kong +1.6%. China +2.2%. India +1.1%
In Europe, at midday, London +0.7%. Paris +1.%. Frankfurt +1%
Futures at 6:20, Dow +0.4%. S&P +0.3%. Nasdaq +0.4%. Crude -0.1% to $73.36. Gold -0.1% to $1252.30. Bitcoin +0.6% to $5880. 
Ten-year Treasury Yield flat at 2.84%
 
(Source: Seeking Alpha)
 
Economic Calendar

8:30 Personal Income and Outlays
9:45 Chicago PMI
10:00 Consumer Sentiment
1:00 PM Baker-Hughes Rig Count

S&P 500

Today is Cycle Day 1 (CD1)…Normal is for a decline measuring 2703.75. Average Range for CD1 is 30.75 handles. Odds of decline > 10 handles = 72% Odds of decline > 20 = 42%

Market Bias: Short-Term – Neutral (correction)

CD1 Range High = 2747.50         CD1 Range Low = 2706.50          CD1 Range Avg = 30.75 

Scenario 1: IF price holds bid above 2720.50, THEN upside targets 2733.75 – 2739.50 zone.

Scenario 2: IF price holds offer below 2720.50, THEN downside targets 2708.75 – 2703.50 zone.

Range Projections and Key Levels (ES) September (U) Contract

HOD  ATR Range Projection: 2746.50; LOD ATR Range Projection: 2707.50; Cycle Day 1 Low: 2739.00; 3 Day Central Pivot: 2718.75; 3 Day Cycle Target: 2743.50; 10 Day Average True Range 29.50; VIX: 16.09

Click Here

Nasdaq 100 (NQ)

Today is Cycle Day 1 (CD1)…Normal is for a decline measuring 6972.00. Average Range for CD1 is 103.50 handles. Odds of decline > 20 handles = 72% Odds of decline > 25 = 64%

Market Bias: Short-Term – Neutral (correction)

CD1 Range High = 7148.50          CD1 Range Low = 7010.00          CD1 Range Avg = 103.50

Scenario 1: IF price holds bid above 7057.00, THEN upside targets 7094.50 –  7107.25 zone.

Scenario 2: IF price holds offer below 7057.00, THEN downside targets 7003.00 – 6972.00 zone.

Range Projections and Key Levels (NQ) September (U) Contract

HOD  ATR Range Projection: 7156.00; LOD ATR Range Projection: 7003.00; Cycle Day 1 Low: 7138.50; 3 Day Central Pivot: 7054.50; 3 Day Cycle Target: 7107.25; 10 Day Average True Range: 111.00; VIX: 16.09

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 6.28.18

Markets
 
In Asia, Japan flat. Hong Kong +0.5%. China -0.9%. India -0.5%
In Europe, at midday, London flat. Paris -0.3%. Frankfurt -0.7%
Futures at 6:20, Dow +0.3%. S&P +0.3%. Nasdaq +0.3%. Crude +0.1% to $72.88. Gold -0.2% to $1254.10. Bitcoin -0.7% to $6090. 
Ten-year Treasury Yield flat at 2.84%
 
(Source: Seeking Alpha)
 
Economic Calendar

8:30 Initial Jobless Claims
8:30 GDP Q1
8:30 Corporate profits
9:45 Bloomberg Consumer Comfort Index
10:30 EIA Natural Gas Inventory
10:45 Fed’s Bullard speech
11:00 Kansas City Fed Mfg Survey
1:00 PM Results of $30B, 7-Year Note Auction
3:00 PM Farm Prices
4:30 PM Money Supply
4:30 PM Fed Balance Sheet

S&P 500

Today is Cycle Day 3 (CD3)…Price tested and holding above key 2700 level in overnight trade, but failing to find an aggressive bid. Bulls will need to hold bid above 2705.75 prior close and push to get back above 2739.00 CD1 Low. Violation and conversion below 2700 could force long liquidation margin selling.

Market Bias: Short-term: Bearish (correction)

CD3 Range High = 2725.50          CD3 Range Low = 2687.00          CD3 Range Avg = 30.25 

Scenario 1: IF price holds above PC (2705.75), THEN initial objective is to clear and convert 2717 handle to upper support. IF successful, further upside targets 2725 – 2730 zone.

Scenario 2: IF price violates and converts 2700 to lower resistance, THEN downside targets 2694 – 2687 zone.

Range Projections and Key Levels (ES) September (U) Contract

HOD  ATR Range Projection: 2731.75; LOD ATR Range Projection: 2688.50; Cycle Day 1 Low: 2739.00; 3 Day Central Pivot: 2723.25; 3 Day Cycle Target: 2741.50; 10 Day Average True Range 29.00; VIX: 17.50

Click Here

Nasdaq 100 (NQ)

Today is Cycle Day 3 (CD3)…Price tested and holding above key 6995 level in overnight trade, but failing to find an aggressive bid. Bulls will need to hold bid above 6999.25 prior close and push to get back above 7077 handle.. Violation and conversion below 6990 handle  could force long liquidation margin selling.

Market Bias: Short-term: Bearish (correction)

CD3 Range High = 7095.50          CD3 Range Low = 6935.00          CD3 Range Avg = 104.00

Scenario 1: IF price holds above PC (6999.25), THEN initial objective is to clear and convert 7043 handle to upper support. IF successful, further upside targets 7065.50 – 7088.00 zone.

Scenario 2: IF price violates and converts 6990  to lower resistance, THEN downside targets 6935.00 – 6927.50 zone.

Range Projections and Key Levels (NQ) September (U) Contract

HOD  ATR Range Projection: 7103.00; LOD ATR Range Projection: 6927.50; Cycle Day 1 Low: 7138.50; 3 Day Central Pivot: 7076.75; 3 Day Cycle Target: 7196.50; 10 Day Average True Range: 111.50; VIX: 17.50

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 6.27.18

Markets
 
In Asia, Japan -0.3%. Hong Kong -1.8%. China -1.1%. India -0.8%
In Europe, at midday, London +0.1%. Paris +0.1%. Frankfurt +0.1%
Futures at 6:20, Dow -0.5%. S&P -0.4%. Nasdaq -0.7%. Crude +0.9% to $71.15. Gold +0.1% to $1260.50. Bitcoin +0.5% to $6105. 
Ten-year Treasury Yield -3 bps to 2.85%
 
(Source: Seeking Alpha)
 
Economic Calendar

7:00 MBA Mortgage Applications
8:30 Durable Goods
8:30 International trade in goods
8:30 Retail Inventories (Advance)
8:30 Wholesale Inventories (Advance)
10:00 Pending Home Sales
10:30 EIA Petroleum Inventories
11:00 Randal Quarles Speech
11:30 Results of $16B, 2-Year FRN Auction
12:15 PM Fed’s Rosengren Speech
1:00 PM Results of $36B, 5-Year Note Auction

S&P 500

Today is Cycle Day 2 (CD2)…Expectation is for continued consolidation with possible test of 2 day low for surety. Bulls need above 2730 handle which they struggled to sustained bid in prior session. Bears have slight edge to press for continuation lower.

Market Bias: Bullish

CD2 Range High = 2728.50          CD2 Range Low = 2698.50          CD2 Range Avg = 34.00 

Scenario 1: IF price clears and converts 2724.25, THEN upside objective would be to clear 2730 handle. 

Scenario 2: IF price fails to convert 2724.25, THEN downside objective measures 2707.50, followed by 2698.50 CD2 range low.

Range Projections and Key Levels (ES) September (U) Contract

HOD  ATR Range Projection: 2730.50; LOD ATR Range Projection: 2707.50; Cycle Day 1 Low: 2714.75; 3 Day Central Pivot: 2769.75; 3 Day Cycle Target: 2741.50; 10 Day Average True Range 25.00; VIX: 16.82

Click Here

Nasdaq 100 (NQ)

Today is Cycle Day 2 (CD2)…Expectation is for continued consolidation with possible test of 2 day low for surety. Bulls need above 7130 handle which they struggled to sustained bid in prior session. Bears have slight edge to press for continuation lower.

Market Bias: Bullish

CD2 Range High = 7124.25          CD2 Range Low = 7008.25          CD2 Range Avg = 111.00

Scenario 1: IF price clears and converts 7092.75, THEN upside objective would be to clear 7130 handle. 

Scenario 2: IF price fails to convert 7092.75, THEN downside objective measures 7019.00, followed by 7008.25 CD2 range low.

Range Projections and Key Levels (NQ) September (U) Contract

HOD  ATR Range Projection: 7113.50; LOD ATR Range Projection: 7019.00; Cycle Day 1 Low: 7057.75; 3 Day Central Pivot: 7138.00; 3 Day Cycle Target: 7120.00; 10 Day Average True Range: 100.00; VIX: 16.82

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