Trade Strategy 11.30.18

Markets
 
Shares across Europe and U.S. futures are drifting lower on the final day of November, as markets watch ongoing trade developments between the world’s two largest economies. President Trump and China’s Xi Jinping are expected to meet on the sidelines of the G20 summit in Argentina and the two leaders will have a dinner meeting with staff on Saturday evening. The presence of three top crude producers – Saudi Arabia, Russia and the U.S. – have also raised expectations that oil policy will be discussed in Buenos Aires.
 
In Asia, Japan +0.4%. Hong Kong +0.2%. China +0.8%. India +0.1%
In Europe, at midday, London -0.7%. Paris -0.4%. Frankfurt -0.6%
Futures at 6:20, Dow -0.5%. S&P -0.5%. Nasdaq -0.5%. Crude -1.7% to $50.60. Gold -0.2% to $1227.50. Bitcoin -8.8% to $3975. 
Ten-year Treasury Yield -2 bps to 3.01%
 
(Source: Seeking Alpha)
 
Economic Calendar

http://mam.econoday.com/

9:00 Fed’s Williams: “The Global Economy: Addressing a Future Downturn”
9:45 Chicago PMI
1:00 PM Baker-Hughes Rig Count

*****New PTG Trading Room Chat Log’s Link Click this link to view:

S&P 500

Today is Cycle Day 3 (CD3)…Prices are once again on the retreat from a wild ride in previous session which saw sharp selloff followed by high spike in price creating a wide-range session, only to close “doji-style”. End of month shenanigans is on tap for today.

CD3 Range High = 2752.00          CD3 Range Low = 2720.00          CD3 Range Avg = 43.50 

Scenario 1: IF price holds bid above 2735, THEN upside targets 2740 – 2745 zone.

Scenario 2: IF price holds offer below 2735, THEN downside targets 2725 – 2720 zone.

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

HOD  ATR Range Projection: 2769.50; LOD ATR Range Projection: 2702.50; Cycle Day 1 Low: 2681.00; 3 Day Central Pivot: 2713.00; 3 Day Cycle Target: 2720.00; 10 Day Average True Range 40.50; VIX: 19.75

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Nasdaq 100 (NQ)

Today is Cycle Day 3 …Prices are once again on the retreat from a wild ride in previous session which saw sharp selloff followed by high spike in price creating a wide-range session, only to close “doji-style”. End of month shenanigans is on tap for today.

CD3 Range High = 6926.00         CD3 Range Low = 6545.50          CD3 Range Avg = 166.00

Scenario 1: IF price holds bid above 6895, THEN upside targets 6915 – 6925 zone.

Scenario 2: IF price holds offer below 6895, THEN downside targets 6865 – 6850 zone.

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

HOD  ATR Range Projection: 6766.50; LOD ATR Range Projection: 6560.00; Cycle Day 1 Low: 6711.50; 3 Day Central Pivot: 6810.00; 3 Day Cycle Target: 6864.00; 10 Day Average True Range: 142.00; VIX: 19.75

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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