Trade Strategy 2.7.19

Markets

In Asia, Japan -0.59%. Hong Kong closed. China closed. India +0.06%. 
In Europe, at midday, London -0.07%. Paris -0.54%. Frankfurt -0.97%. 
Futures at 5:45, Dow -0.45%. S&P -0.49%. Nasdaq -0.56%. Crude -0.48% to $53.75. Gold -0.28% to $1,310.70. Bitcoin +0.4% to $3,457.
Ten-year Treasury Yield -2.7bps to 2.677%

Source: Seeking Alpha

Economic Calendar

http://mam.econoday.com/

8:30 Initial Jobless Claims
9:15 Fed’s Kaplan Speech
9:30 Fed’s Clarida: “The Global Factor in Neutral Policy Rates”
10:30 EIA Natural Gas Inventory
1:00 PM Results of $19B, 30-Year Note Auction
3:00 PM Consumer Credit
4:30 PM Money Supply
4:30 PM Fed Balance Sheet
7:30 PM Fed’s Bullard: U.S. Monetary and Economic Policy

***PTG Trading Room Chat Log’s Link

S&P 500

Today is Cycle Day 2 (CD2)…The expected decline on CD1 was delayed and has occurred during overnight trade fulfilling 2714 Average Decline Projected Target. Price is now below CD1 Low (2722.25), so this level will be bulls recovery objective by end of this cycle.

CD1 Range High = 2734.00       CD1 Range Low = 2705.40         CD1 Range Avg = 24.00 

Scenario 1: IF price holds bid above 2714, THEN initial upside objective targets 2722.25 – 2724.25 CD1 Low and 3 Day Central Pivot Zone.

Scenario 2: IF price holds offer below 2714, THEN initial downside objective targets 2704 – 2696.50 Low Range Extension Zone.

Range Projections and Key Levels (ES) March 2019 (H) Contract

HOD  ATR Range Projection: 2735.75; LOD ATR Range Projection: 2703.50; 3 Day Central Pivot: 2724.00; 3 Day Cycle Target: 2750.00; 10 Day Average True Range 26.00; VIX: 16.25

Nasdaq 100 (NQ)

Today is Cycle Day 2 (CD2)… The expected decline on CD1 was delayed and has occurred during overnight trade fulfilling 6979.50 Average Decline Projected Target. Price is now below CD1 Low (6972.25), so this level will be bulls recovery objective by end of this cycle.

CD1 Range High = 7001.00          CD1 Range Low = 6925.25          CD1 Range Avg = 56.00

Scenario 1: IF price holds bid above 6960, THEN initial upside objective targets 6969 – 6978 3 Day Central Pivot Zone.

Scenario 2: IF price holds offer below 6960, THEN initial downside objective targets 6943.25 – 6938.50 CD2 Violation Low Range Zone.

Range Projections and Key Levels (NQ) March 2019 (H) Contract

HOD  ATR Range Projection: 7042.00; LOD ATR Range Projection: 6898.00; 3 Day Central Pivot: 6973.50; 3 Day Cycle Target: 7040.00; 10 Day Average True Range: 97.00; VIX: 16.25

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