Trade Strategy 2.10.17

Markets

“The oil market is in wait-and-see mode,” according to the IEA’s latest report, which said OPEC’s output cuts have achieved a record initial compliance rate of 90%, making it one of the deepest cuts in the group’s history. OPEC production fell by 1M bpd to 32.06M bpd in January, the first month of its agreement, and “appears to have made a solid start to what is a six-month process.” Crude futures +1% to $53.53/bbl.

In Asia,Japan +2.5%. Hong Kong +0.2%. China +0.4%. India flat.
In Europe, at midday,London +0.4%. Paris -0.1%. Frankfurt +0.2%.
Futures at 6:20,Dow +0.1%. S&P +0.1%. Nasdaq +0.1%. Crude +1% to $53.53. Gold -0.7% to $1288.
Ten-year Treasury Yield +1 bps to 2.41%

(Source: Seeking Alpha)

Economic Calendar 

8:30Import/Export Prices
10:00Consumer Sentiment
1:00 PMBaker-Hughes Rig Count
2:00 PMTreasury Budget

PTG Tra

Indexes finally broke out to upside from recent trading range reaching Cycle targets outlined in prior DTS Briefing 2.9.17With bulls in total control, it will be incumbent upon them to remain in control. First sign of weakness would be a conversion of 2304.50 SPOT to resistance.

Today is Cycle Day 2 (CD2)…Price has reached Average Cycle Target (2309.11), there may be some back n fill action today with a continued upward lean above 2302 – 2304 zone.

Range Projections and Key Levels

HOD  ATR Range Projection: 2317.20; LOD ATR Range Projection: 2295.30; Cycle Day 1 Low: 2287.75; 3 Day Central Pivot: 2292.00; 3 Day Cycle Target: 2313.90; 10 Day Average True Range: 14.20

**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: March 2017 (H) 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 clears and converts PH (2307.75), THEN upside expansion targets initially between 2310 – 2312.25 STATX Zone, with higher Cycle Target measured at 2314.00.

Scenario 2: IF price violate and converts 2404.50 SPOT to lower resistance, this would be first sign of weakness…Further violation of 2302 opens door to deeper downside initially targeting 2300 – 2297.75 Central Pivot 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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