Markets
 
The FOMC will gather today for its last policy meeting of 2017, which many expect will result in interest rates getting bumped up by a quarter point on Wednesday. The wild card for the markets, however, is what the Fed says and does with regard to tax legislation. While many expect the central bank to retain its three-rate-hike forecast for next year, some feel the Fed could add a fourth rate hike based on the improving economy and stimulus from tax cuts.
 
In Asia, Japan -0.3%. Hong Kong -0.6%. China -1.3%. India -0.7%
In Europe, at midday, London +0.2%. Paris +0.3%. Frankfurt +0.1%
Futures at 6:20, Dow +0.1%. S&P flat. Nasdaq flat. Crude +0.6% to $58.33. Gold -0.1% to $1245.20. Bitcoin +0.6% to $16792. 
Ten-year Treasury Yield flat at 2.39%
 
(Source: Seeking Alpha)

Economic Calendar

FOMC meeting begins
6:00 NFIB Small Business Optimism Index
8:30 Producer Price Index
8:55 Redbook Chain Store Sales
1:00 PM Results of $12B, 30-Year Note Auction
2:00 PM Treasury Budget

S&P 500 (ES)

Today is Cycle Day 2 (CD2)…As expected, CD1 decline was below normal as buyers took control from open and slowly bought throughout the session closing on high of session. Price is marginally higher in overnight trade as bears have all but given up for 2017. 

Nasdaq 100 (NQ)

Early volley during opening range between bull n bears lead to breakout higher, closing near high of session. Technology has been one of the strongest sectors during 2017 and it appears that bulls want to use that strength to push even higher into year-end.

Range Projections and Key Levels (ES)

HOD  ATR Range Projection: 2685.30; LOD ATR Range Projection: 2646.20; Cycle Day 1 Low: 2652.25 3 Day Central Pivot: 2650.00; 3 Day Cycle Target: 2675.00; 10 Day Average True Range: 21.08; VIX: 9.31

**Note: The odds highlighted are NOT predictions or trade recommendations, rather a guide based upon historical observed occurrences.

Click Here

Today’s Hypotheses: March 2018 (ESH) Contract

*****The levels outlined below are more general framework within a larger range…They are to be used are reference prices from which to consider trade opportunities, not hard trade levels.

Scenario 1: IF price clears and converts PH (2664.50), THEN expansion targets measure 2672.50 CD2 Penetration Level.

Scenario 2: IF price violates and converts VPOC (2659.00) to lower resistance, THEN downside targets PL (2654.50). 

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 12.11.17

Markets
 
In Asia, Japan +0.6%. Hong Kong +1.1%. China +1%. India +0.6%
In Europe, at midday, London +0.5%. Paris -0.1%. Frankfurt -0.1%
Futures at 6:20, Dow +0.2%. S&P +0.1%. Nasdaq +0.2%. Crude -0.3% to $57.21. Gold +0.3% to $1252.60. Bitcoin +12% to $16773. 
Ten-year Treasury Yield -1 bps to 2.37%
 
(Source: Seeking Alpha)

Economic Calendar

10:00 Job Openings and Labor Turnover Survey
1:00 PM Results of $20B, 10-Year Note Auction

S&P 500 (ES)

Today is Cycle Day 1 (CD1)…Normal is for some magnitude decline with average measuring 2640.13. Bulls remains solidly in control, as such any decline may be shallow with price having recovered above the 3 Day Central Pivot Zone.

Nasdaq 100 (NQ)

NAZ has recovered approximately 75% of recent downswing and needs to convincingly convert 6400 Roundie to upper support. We’ll mark 6350 (50%) as new “over/under” for remainder of 2017.

Range Projections and Key Levels (ES)

HOD  ATR Range Projection: 2675.57; LOD ATR Range Projection: 2636.93; Cycle Day 1 Low: 2622.50 3 Day Central Pivot: 2639.75; 3 Day Cycle Target: 2679.58; 10 Day Average True Range: 20.85; VIX: 9.86

**Note: The odds highlighted are NOT predictions or trade recommendations, rather a guide based upon historical observed occurrences.

Click Here

Today’s Hypotheses: March 2018 (ESH) Contract

*****The levels outlined below are more general framework within a larger range…They are to be used are reference prices from which to consider trade opportunities, not hard trade levels.

Scenario 1: IF price clears and converts (PH) 2655.25, THEN upside targets 2663.50.

Scenario 2: IF price violates and converts (PVPOC) 2650.50, THEN initial downside targets (PL) 2646.50.

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 12.8.17

Markets
 
Providing the latest snapshot of the American economy, the Labor Department will release its latest nonfarm payrolls report at 8:30 a.m. ET. Economists expect that 200,000 jobs were added in November, while the unemployment rate held steady at 4.1%. The strong figures will likely force the Fed next week to hike rates for the third time this year and push central bank officials toward more aggressive monetary policy in 2018.
 
In Asia, Japan +1.4%. Hong Kong +1.2%. China +0.6%. India +0.9%
In Europe, at midday, London +0.4%. Paris +0.5%. Frankfurt +1.2%
Futures at 6:20, Dow +0.2%. S&P +0.2%. Nasdaq +0.5%. Crude +1% to $57.24. Gold -0.4% to $.1248.10 Bitcoin -12.2% to $14794. 
Ten-year Treasury Yield +1 bps to 2.39%
 
(Source: Seeking Alpha)

Economic Calendar

8:30 Non-farm payrolls
10:00 Wholesale Trade
10:00 Consumer Sentiment
1:00 PM Baker-Hughes Rig Count

S&P 500 (ES)

Today is Cycle Day 3 (CD3)…Bears again are having difficulty with follow-through down session as Bulls are pushing higher and have achieved 2648 3 Day Cycle Target. Further conversion above 2650 places Bears on the defensive.

Nasdaq 100 (NQ)

NAZ has recovered lost ground as price pushes up against 11/14 high…IF converted next objective targets 6440.

Range Projections and Key Levels (ES)

HOD  ATR Range Projection: 2660.98; LOD ATR Range Projection: 2628.77; Cycle Day 1 Low: 2622.50 3 Day Central Pivot: 2635.50; 3 Day Cycle Target: 2648.00; 10 Day Average True Range: 20.00; VIX: 10.05

**Note: The odds highlighted are NOT predictions or trade recommendations, rather a guide based upon historical observed occurrences.

Click Here

Today’s Hypotheses: March 2018 (ESH) Contract

*****The levels outlined below are more general framework within a larger range…They are to be used are reference prices from which to consider trade opportunities, not hard trade levels.

Scenario 1: IF price clears anc converts PH (2643.75), THEN upside targets 2648 – 2650 zone. Above this zone measures 2652 – 2655.

Scenario 2: IF price violates and converts 2638 VPOC, THEN downside targets 2632 handle. 

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 12.7.17

Markets
 
In Asia, Japan +1.5%. Hong Kong +0.3%. China -0.7%. India +1.1%
In Europe, at midday, London flat. Paris +0.1%. Frankfurt +0.2%
Futures at 6:20, Dow flat. S&P +0.1%. Nasdaq +0.6%. Crude +0.4% to $56.16. Gold -0.7% to $1257.60. Bitcoin +9.1% to $15058. 
Ten-year Treasury Yield +1 bps to 2.34%
 
(Source: Seeking Alpha)

Economic Calendar

7:30 Challenger Job-Cut Report
8:30 Initial Jobless Claims
9:45 Bloomberg Consumer Comfort Index
10:00 Quarterly Services Report
10:30 EIA Natural Gas Inventory
3:00 PM Consumer Credit
4:30 PM Money Supply
4:30 PM Fed Balance Sheet

S&P 500 (ES)

Today is Cycle Day 2 (CD2)…S&P 500 (ES) remains in down-swing despite finding an early low and rallying, only to stabilize throughout the session. Price has failed to recover above 3 Day Central Pivot Zone which has now shifted to Bear/Sell condition. Unless Bulls can squarely recover price above 2638 – 40 zone, expectation will be for further downside movement.

Nasdaq 100 (NQ)

Opening weakness reversed aggressively off deep extreme support 6240 handle recovering most of prior sessions losses. Volatility is extremely high in Nazland although Bulls have not been able to reverse the overall “sell the rally” mind-set. Bears need a decisive conversion below 6240 to force deeper downside move, while Bulls must recover 6340 to support. 100 handle trading range is our playground for now.

Range Projections and Key Levels (ES)

HOD  ATR Range Projection: 2649.15; LOD ATR Range Projection: 2617.60; Cycle Day 1 Low: 2622.50 3 Day Central Pivot: 2636.25; 3 Day Cycle Target: 2648.00; 10 Day Average True Range: 18.70; VIX: 10.91

**Note: The odds highlighted are NOT predictions or trade recommendations, rather a guide based upon historical observed occurrences.

Click Here

Today’s Hypotheses: December 2017 (ESZ) Contract

*****The levels outlined below are more general framework within a larger range…They are to be used are reference prices from which to consider trade opportunities, not hard trade levels.

Scenario 1: Bulls need to convert 2636.25 Central Pivot to upper support to break the current downswing condition. IF successful, THEN next objective will be to convert 2640 handle.

Scenario 2: Bears have ball control below 2636.25 with their next objective to break CD1 Low (2622.50) to lower resistance. IF successful, THEN deeper downside may unfold targeting 2615 handle, followed by 2605 ATR deep extreme.

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 12.6.17

Markets
 
In Asia, Japan -2%. Hong Kong -2.1%. China -0.3%. India -0.6%
In Europe, at midday, London flat. Paris -0.5%. Frankfurt -1%
Futures at 6:20, Dow -0.2%. S&P -0.2%. Nasdaq -0.5%. Crude -0.8% to $57.17. Gold +0.4% to $1270.10. Bitcoin +8.6% to $12700. 
Ten-year Treasury Yield -1 bps to 2.34% 
 
(Source: Seeking Alpha)

Economic Calendar

7:00 MBA Mortgage Applications
8:15 ADP Jobs Report
8:30 Productivity and Costs
10:30 EIA Petroleum Inventories

S&P 500 (ES)

Today is Cycle Day 1 (CD1)…Early morning strength lead to afternoon price weakness as investors/traders now appear to be selling rallies. Price has violated our all-important trend proxy 3 Day Central Pivot Zone (2638 – 2640). Failure to recover over next few days shifts trade bias to SELL…Stay Tuned.

Nasdaq 100 (NQ)

NAZ continues to see volatile trade action which usually portends a Change of Character (COC) trend direction. Resistance is marked at 6328 handle, while tentative Support marked 6230 handle.

Range Projections and Key Levels (ES)

HOD  ATR Range Projection: 2639.95; LOD ATR Range Projection: 2612.55; Cycle Day 1 Low: 2605.00 3 Day Central Pivot: 2638.50; 3 Day Cycle Target: 2645.50; 10 Day Average True Range: 18.95; VIX: 11.60

**Note: The odds highlighted are NOT predictions or trade recommendations, rather a guide based upon historical observed occurrences.

Click Here

Today’s Hypotheses: December 2017 (ESZ) Contract

*****The levels outlined below are more general framework within a larger range…They are to be used are reference prices from which to consider trade opportunities, not hard trade levels.

Scenario 1: IF price recovers back above 2631 handle, THEN retracement rally target 2638 3 Day Central Pivot.

Scenario 2: Violation and conversion below 2625 handle targets 2615 CD1 Violation Level.

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 12.5.17

Markets
 
In Asia, Japan -0.4%. Hong Kong -1%. China -0.2%. India -0.2%
In Europe, at midday, London +0.1%. Paris -0.5%. Frankfurt -0.4%
Futures at 6:20, Dow +0.2%. S&P flat. Nasdaq -0.4%. Crude -0.5% to $57.20. Gold +0.1% to $1278.60. Bitcoin +0.5% to $11676. 
Ten-year Treasury Yield flat at 2.38%
 
(Source: Seeking Alpha)

Economic Calendar

8:30 International Trade
8:55 Redbook Chain Store Sales
9:45 PMI Services Index
10:00 ISM Non-Manufacturing Index

S&P 500 (ES)

Today is Cycle Day 3 (CD3)…Morning gap higher with late day reversal sets up a bearish tone entering into today’s session. Bears have an opening to push lower as weakness in technology stocks is beginning to weight on S&P. Should price convert 2625 range low, then lower price can be expected. Bullish case will be for bulls to recover 2625 handle.

Nasdaq 100 (NQ)

NAZ was weak link in prior session as the rotation out of technology stocks regains momentum. Violation and conversion of CD1 Low (6246) opens door to deeper decline measuring 6231.61, followed by 6227 – 6224 zone with 6215 deep violation extreme. Bulls must recover 6279 handle.

Range Projections and Key Levels (ES)

HOD  ATR Range Projection: 2653.98; LOD ATR Range Projection: 2625.77; Cycle Day 1 Low: 2605.00 3 Day Central Pivot: 2639.75; 3 Day Cycle Target: 2656.80; 10 Day Average True Range: 18.73; VIX: 11.56

**Note: The odds highlighted are NOT predictions or trade recommendations, rather a guide based upon historical observed occurrences.

Click Here

Today’s Hypotheses: December 2017 (ESZ) Contract

*****The levels outlined below are more general framework within a larger range…They are to be used are reference prices from which to consider trade opportunities, not hard trade levels.

Scenario 1: Bulls must hold above PL (2633.75) and recover 2645 handle. IF successful, THEN recovery targets 2650, followed by 2654 handle.

Scenario 2: Bears must violate and convert PL (2633.75) to lower resistance to force selling targeting 2630, followed by 2625 range low.

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 12.4.17

Markets
 
It’s a strong beginning for the week after the U.S. Senate narrowly passed a major tax bill over the weekend. The dollar and Treasury yields are on the rise, while Dow futures are up by more than 200 points, along with big gains for other U.S. indices. The GOP still needs to overcome future obstacles for the Senate and the House to craft a joint bill, which will then be presented to President Trump. A deal is hoped to be completed by Christmas.
 
In Asia, Japan -0.5%. Hong Kong +0.2%. China -0.2%. India +0.1%
In Europe, at midday, London +0.4%. Paris +1.1%. Frankfurt +1.3%
Futures at 6:20, Dow +0.9%. S&P +0.6%. Nasdaq +0.5%. Crude +1% to $57.78. Gold -0.5% to $1276. Bitcoin +1.4% to $11332.. 
Ten-year Treasury Yield +4 bps to 2.4%
 
(Source: Seeking Alpha)

Economic Calendar

10:00 Factory Orders
12:30 PM TD Ameritrade IMX

S&P 500 (ES)

Today is Cycle Day 2 (CD2)…Price has vaulted in overnight trade to reach 2656 handle 3 Day Cycle Target. Bulls will need to keep bid above prior close (2642.75), with upper targets measuring 2671 – 2681 zone.

Nasdaq 100 (NQ)

NAZ has retraced 75% of its prior decline as price reached CD2 Penetration Levels between 6387 – 6393 zone. Conversion back below prior close (6344.75) would be a sign of weakness.

Range Projections and Key Levels (ES)

HOD  ATR Range Projection: 2670.68; LOD ATR Range Projection: 2646.57; Cycle Day 1 Low: 2605.00 3 Day Central Pivot: 2633.50; 3 Day Cycle Target: 2656.80; 10 Day Average True Range: 16.67; VIX: 11.07

**Note: The odds highlighted are NOT predictions or trade recommendations, rather a guide based upon historical observed occurrences.

Click Here

Today’s Hypotheses: December 2017 (ESZ) Contract

*****The levels outlined below are more general framework within a larger range…They are to be used are reference prices from which to consider trade opportunities, not hard trade levels.

Scenario 1: IF price holds above PC (2642.75), THEN upside range targets 2666.50, followed by 2671…2676…2681.

Scenario 2: IF price converts PC (2642.75) to lower resistance, THEN downside targets 2635.25 – 2631.75 3 Day Central Pivot Zone.

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 12.1.17

Markets
 
In Asia, Japan +0.4%. Hong Kong -0.4%. China flat. India -1%
In Europe, at midday, London -0.4%. Paris -0.9%. Frankfurt -1%
Futures at 6:20, Dow -0.3%. S&P -0.4%. Nasdaq -0.7%. Crude +0.6% to $57.76. Gold +0.2% to $1278.60. Bitcoin +0.3% to $9947. 
Ten-year Treasury Yield
 
(Source: Seeking Alpha)

Economic Calendar

9:05 Fed’s Bullard: U.S. Monetary and Economic Policy
9:30 Fed’s Kaplan speech
9:45 PMI Manufacturing Index
10:00 ISM Manufacturing Index
10:00 Construction Spending
10:15 Fed’s Harker: “Inclusive Economic Growth”
1:00 PM Baker-Hughes Rig Count

S&P 500 (ES)

Today is Cycle Day 1 (CD1)…Normally expected decline on CD1 has been achieved in overnight trade as price reached 2637 handle and ATR (10) Range projection at 2632.85.

Nasdaq 100 (NQ)

NAZ decline in overnight has reached 6321 CD1 Range Projection Level. Additional weakness targets 6300 CD1 Violation Level.

Range Projections and Key Levels (ES)

HOD  ATR Range Projection: 2644.15; LOD ATR Range Projection: 2632.85; Cycle Day 1 Low: 2597.50 3 Day Central Pivot: 2628.00; 3 Day Cycle Target: 2656.80; 10 Day Average True Range: 12.88; VIX: 11.54

**Note: The odds highlighted are NOT predictions or trade recommendations, rather a guide based upon historical observed occurrences.

Click Here

Today’s Hypotheses: December 2017 (ESZ) Contract

*****The levels outlined below are more general framework within a larger range…They are to be used are reference prices from which to consider trade opportunities, not hard trade levels.

Scenario 1: Bulls need to keep price from further decline above 2632 handle and recover 2644 level.

Scenario 2: Bears have an opening to press hard below 2632 violation down to 2629.50 – 2626.50 3 Day Central Pivot Zone.

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

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

Good Trading…David

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

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

PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS

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

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

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

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

Trade Strategy 11.30.17

Markets
 
In Asia, Japan +0.6%. Hong Kong-1.5 %. China -0.6%. India -1.4%
In Europe, at midday, London +0.3%. Paris +0.5%. Frankfurt +0.8%
Futures at 6:20, Dow +0.4%. S&P +0.3%. Nasdaq +0.3%. Crude +0.9% to $57.81. Gold -0.1% to $1284.70. Bitcoin +0.7% to $9882. 
Ten-year Treasury Yield flat at 2.38%
 
(Source: Seeking Alpha)

Economic Calendar

8:30 Initial Jobless Claims
8:30 Personal Income and Outlays
8:30 Fed’s Mester speech
9:45 Bloomberg Consumer Comfort Index
9:45 Chicago PMI
10:30 EIA Natural Gas Inventory
3:00 Farm Prices
4:30 PM Money Supply
4:30 PM Fed Balance Sheet

S&P 500 (ES)

Today is Cycle Day 3 (CD3)…Price is holding firm bid above 2620 handle and is challenging PH (2634.25) pre-cash trade. Potential spring action would take price higher targeting 2639 – 2642 zone.

Nasdaq 100 (NQ)

NAZ was the weakest link in prior session as BIG $ took to selling driving price lower over 100 handles. This appears to be a shot across the bow with the likelihood of additional selling should price fail to recover above 6350 handle. 

Range Projections and Key Levels (ES)

HOD  ATR Range Projection: 2633.90; LOD ATR Range Projection: 2621.85; Cycle Day 1 Low: 2597.50 3 Day Central Pivot: 2615.00; 3 Day Cycle Target: 2617.00; 10 Day Average True Range: 12.13; VIX: 10.53

**Note: The odds highlighted are NOT predictions or trade recommendations, rather a guide based upon historical observed occurrences.

Click Here

Today’s Hypotheses: December 2017 (ESZ) Contract

*****The levels outlined below are more general framework within a larger range…They are to be used are reference prices from which to consider trade opportunities, not hard trade levels.

Scenario 1: IF price clears and converts PH (2634.25), THEN upside expansion targets 2639 – 42 zone.

Scenario 2: IF price violates and converts PL (2619.75), THEN downside targets 2616.50 – 2613.50 3 Day Central Pivot Zone

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

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

Good Trading…David

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

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

PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS

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

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

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

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

Trade Strategy 11.29.17

Markets
 
In Asia, Japan +0.5%. Hong Kong -0.2%. China +0.1%. India -0.1%
In Europe, at midday, London -0.6%. Paris +0.7%. Frankfurt +1%
Futures at 6:20, Dow +0.3%. S&P +0.1%. Nasdaq +0.1%. Crude -0.7% to $57.58. Gold +0.2% to $1297.80. Bitcoin +9.7% to $10870. 
Ten-year Treasury Yield flat at 2.34%
   
(Source: Seeking Alpha)

Economic Calendar

7:00 MBA Mortgage Applications
8:30 GDP Q3
8:30 Corporate profits
8:30 Fed’s Dudley: “Prospects for the National and Regional Economy”
10:00 Pending Home Sales
10:00 Yellen testify before Congressional Joint Economic Committee
10:30 EIA Petroleum Inventories
1:50 PM Fed’s Williams Speech
2:00 PM Fed’s Beige Book

S&P 500 (ES)

Today is Cycle Day 2 (CD2)…Current cycle rally continues uncontested by Bears as price surged to fresh all-time highs. Expansion targets 2632 – 2636 zone with Cycle Range High projected 2645.44.

Nasdaq 100 (NQ)

NAZ is pushing up against recent all-time high (6429.50). Conversion of this level opens skylight to 6445 – 6448 3 Day Cycle projected targets.

Range Projections and Key Levels (ES)

HOD  ATR Range Projection: 2636.13; LOD ATR Range Projection: 2616.88; Cycle Day 1 Low: 2597.50 3 Day Central Pivot: 2606.00; 3 Day Cycle Target: 2617.00; 10 Day Average True Range: 15.50; VIX: 9.82

**Note: The odds highlighted are NOT predictions or trade recommendations, rather a guide based upon historical observed occurrences.

Click Here

Today’s Hypotheses: December 2017 (ESZ) Contract

*****The levels outlined below are more general framework within a larger range…They are to be used are reference prices from which to consider trade opportunities, not hard trade levels.

Scenario 1:  IF price clears and converts PH (2627.00), THEN expansion levels targets 2632 – 2636 zone.

Scenario 2:  IF price violates and converts 2616 prior POC, THEN targets retest of 2610 handle.

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