Trade Strategy 11.18.19

Markets

U.S. markets scored another hat trick on Friday as the S&P 500, Nasdaq and Dow hit fresh records, while the latter topped 28,000 for the first time ever. Stock futures now suggest gains of another 0.2% at the open. The move upward has been spurred by rising trade optimism, diminishing fears of a recession, while the barometer for the Fed to raise rates is incredibly high. The People’s Bank of China overnight also lowered one of its key interest rates for the first time since 2015, signaling further easing across the globe.

In Asia, Japan +0.5%. Hong Kong +1.4%. China +0.6%. India -0.2%.
In Europe, at midday, London +0.1%. Paris -0.2%. Frankfurt -0.1%.
Futures at 6:20, Dow +0.2%. S&P +0.2%. Nasdaq +0.2%. Crude -0.4% to $57.93. Gold -0.7% to $1458.50. Bitcoin -0.8% to $8452.
Ten-year Treasury Yield flat at 1.84%

Source: Seeking Alpha https://seekingalpha.com

Economic Calendar

10:00NAHB Housing Market Index
12:00 PMFed’s Mester Speech
4:00 PMTreasury International Capital

https://www.investing.com/economic-calendar/

***PTG Trading Room Chat Log’s Link

S&P 500

Today is Cycle Day 2 (CD2)…Price has fulfilled CD2 initial Penetration Targets as buyers remain optimistically persistent. Absence of sellers allows price to continue the upwards drift frustrating the short-side of trade ledger. Here at PTG we remain properly aligned with dominant forces offering the best opportunity to profit for any market condition.

*****ANNOUNCEMENT: PTG Trader Tool Box Indicator & Strategy Suite is now available for NinjaTrader 8 trading platform.

*****The 3 Day Cycle Spreadsheet which subscribers receive shortly after market close for next trading session contains all the projected range targets. Here is link to web page to learn more: http://polaristradinggroup.com/ptg-3-day-cycle/

CD2 Range High = 3138.00       CD2 Range Low = 3102.00    CD2 Range Avg = 37.00

Scenario 1: IF Bulls hold bid above 3120, THEN initial upside potential targets 3128 – 3134 ATR Penetration Zone.

Scenario 2: IF Bears hold offer below 3120, THEN initial downside objective targets 3112 – 3102 ATR Range Zone.

Range Projections and Key Levels (ES) December 2019 (Z) Contract

HOD  ATR Range Projection: 3133.00; LOD ATR Range Projection: 3108.00; 3 Day Central Pivot: 3098.00; 3 Day Cycle Target: 3133.00; 10 Day Average True Range 19.56: VIX: 12.45

Nasdaq 100 (NQ)

Today is Cycle Day 2 (CD2)…Has fulfilled CD2 Penetration Target (8347.50) and continues to hold firm bid during overnight trade. Lack of quantified resistance keeps bulls in unchallenged control.

CD2 Range High = 8367.00          CD2 Range Low = 8306.00          CD2 Range Avg = 128.00

Scenario 1: IF Bulls hold bid above 8334, THEN initial upside potential targets 8348 – 8367 ATR Penetration Zone.

Scenario 2: IF Bears hold offer below 8334, THEN initial downside objective targets 8383 – 8306 ATR Range Zone.

Range Projections and Key Levels (NQ) December 2019 (Z) Contract

HOD  ATR Range Projection: 8367.00; LOD ATR Range Projection: 8306.00; 3 Day Central Pivot: 8272.00; 3 Day Cycle Target: 8334.00; 10 Day Average True Range: 60.50; VIX: 12.45

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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