Trade Strategy 12.31.19

Markets

Final trading day of 2019

U.S. stock futures turned green overnight before the final trading session of the year after Wall Street slipped from record highs on Monday as investors booked profits.

It was another exciting year for investors in 2019 amid a stock market rally that saw the S&P 500 surge 28%, for the biggest gain since 2013. Easing trade tensions with China, a shift in monetary policy at the Fed, and improving economic outlook all renewed investors’ faith, while safer assets like gold and bonds also soared.

In Asia, Japan closed. Hong Kong closed. China +0.3%. India -0.7%.
In Europe, at midday, London -0.6%. Paris flat. Frankfurt closed.
Futures at 6:20, Dow +0.1%. S&P +0.1%. Nasdaq +0.1%. Crude +0.1% to $61.74. Gold +0.5% to $1525.50. Bitcoin -0.9% to $7228.
Ten-year Treasury Yield flat at 1.9%

Source: Seeking Alpha https://seekingalpha.com

Economic Calendar

10:00 Consumer Confidence

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

***PTG Trading Room Chat Log’s Link

S&P 500

Today is Cycle Day 2 (CD2)…Price is consolidating above Cycle Day 1 Low (3217.25) as prior session’s weakness drove price to Cycle Statistical Range Low. We’ll mark 3220 — 3217 as “Key Decision Point Zone”

*****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 = 3245.00       CD2 Range Low = 3203.00    CD2 Range Avg = 26.00

Scenario 1: IF Bulls hold bid above 3225, THEN initial upside potential targets 3232 – 3237 zone.

Scenario 2: IF Bears hold offer below 3225, THEN initial downside objective targets 3220 – 3217 zone.

Range Projections and Key Levels (ES) March 2020 (H) Contract

HOD  ATR Range Projection: 3237.50; LOD ATR Range Projection: 3211.00; 3 Day Central Pivot: 3236.00; 3 Day Cycle Target: 3250.00; 10 Day Average True Range 17.15: VIX: 15.00

Nasdaq 100 (NQ)

Today is Cycle Day 2 (CD2)…Price is consolidating above Cycle Day 1 Low (8691.25) as prior session’s weakness drove price to Cycle Statistical Range Low. We’ll mark 8708 – 8691 as “Key Decision Point Zone”

CD2 Range High = 8780.00          CD2 Range Low = 8690.00          CD2 Range Avg = 88.00

Scenario 1: IF Bulls hold bid above 8722, THEN initial upside potential targets 8747 – 8752 zone.

Scenario 2: IF Bears hold offer below 8722, THEN initial downside objective targets 8708 – 8690 zone.

Range Projections and Key Levels (NQ) March 2020 (H) Contract

HOD  ATR Range Projection: 8785.00; LOD ATR Range Projection: 8691.00; 3 Day Central Pivot: 8775.00; 3 Day Cycle Target: 8805.00; 10 Day Average True Range: 65.28; VIX: 15.00

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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