There is little to add to today’s DTS Report…Price held bid at or above the 2068 level support marker in prior day trade session. We will continue to view this level as “key support” to hold…Volumes were light as we expected…and will continue to be very light pre-holiday trade…Our posture is to remain buy-side biased throughout the holiday season.
Abbreviated Price levels to be mindful of for Tuesday and Wednesday:
Possible High: 2088…Possible Low: 2048…These projections are based upon penetration or violation of recent daily highs and lows.
*****To reiterate, trade expectation is for “quiet firmness” with an upside bias during holiday season…It’s critically important to be strict and disciplined on trade selection…This is not the time to become a bold trader…Plenty of time for that in 2015…For now, be in the holiday spirit and enjoy.
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 of 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!
I can recover from any setback. I have an attitude of abundance. I affirm abundance in the universe. I know I cannot begin to count the stars. I realize the ocean doesn’t care whether I go to it with a bucket or a teaspoon. I know the market provides a river of opportunities. I invest in my capabilities. I will be happy with my results.