Trade Strategy 11.15.16

Markets

U.S. stock markets look set to open higher, with the Dow Jones continuing to push towards new all-time highs, as a Trump-fueled equity bounce appears ready to cement a year-end rally. While recent gains are largely being attributed to the market getting more comfortable with his style and proposed policies, year-end rallies are common in most election years, with the Dow gaining 1.8%, on average, from Election Day thru Dec. 31.

In Asia, Japan flat at 17668. Hong Kong +0.5% to 22323. China -0.1% to 3207. India -1.9% to 26304.
In Europe, at midday, London +0.6%. Paris +0.3%. Frankfurt flat.
Futures at 6:20, Dow +0.1%. S&P +0.2%. Nasdaq +0.2%. Crude +2.7% to $44.48. Gold +0.3% to $1225.30.
Ten-year Treasury Yield -2 bps to 2.2%

 (Source: Seeking Alpha)

Economic Calendar

7:30 Fed’s Rosengren: Economic Outlook
8:30 Empire State Mfg Survey
8:30 Import/Export Prices
8:30 Retail Sales
8:55 Redbook Chain Store Sales
9:05 Daniel Tarullo speech
10:00 Business Inventories
1:30 PM Stanley Fischer speech

PTG Trading

Today is Cycle Day 1 (CD1)…Normal is for a decline to unfold…Price has been oscillating within consolidation range between 2150 – 2180. As such, any decline would unfold within the context of this trading range. Key Statistical Extreme (STATX) zones: 2173.75 – 2176.25 (upper)…2151.50 – 2148.75 (lower)

Range Projections and Key Levels

HOD Range Projection: 2185.50; LOD Range Projection: 2143.00; Cycle Day 1 Low: 2147.75; 3 Day Central Pivot: 2162.25; 3 Day Cycle Target: 2188.50; 10 Day Average True Range: 26.90

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

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Today’s Hypotheses: December (Z) 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 can hold above 2162.25, THEN upside targets 2173.75 – 2176.25 STATX Zone. Above this zone expands upwards 2184 – 2188 zone.

Scenario 2: IF price converts 2162.25 to resistance, THEN downside targets 2151.50 – 2148.75 STATX Zone. Below this zone expands downwards 2145 – 2140 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


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