Trade Strategy 3.13.19

Markets

In Asia, Japan -1%. Hong Kong -0.4%. China -1.1%. India +0.6%. 
In Europe, at midday, London flat. Paris +0.3%. Frankfurt -0.1%. 
Futures at 6:20, Dow -0.1%. S&P +0.1%. Nasdaq +0.1%. Crude +1.1% to $57.47. Gold +0.8%to $1308.50. Bitcoin -1% to $3829. 
Ten-year Treasury Yield +2 bps to 2.62%

Source: Seeking Alpha

Economic Calendar

http://mam.econoday.com/

7:00MBA Mortgage Applications
8:30Durable Goods
8:30Producer Price Index
10:00Atlanta Fed’s Business Inflation Expectations
10:00E-Commerce Retail Sales
10:00Construction Spending
10:30EIA Petroleum Inventories
1:00 PMResults of $16B, 30-Year Note Auction

***PTG Trading Room Chat Log’s Link

S&P 500

Today is Cycle Day 2 (CD2)…Price continues to consolidate following Monday’s strong trend-up session. Conversion of 2800 – 2805 zone opens skylight to expand target 2813 – 15 3 Day Cycle Range Target Zone.

CD1 Range High = 2812.00       CD1 Range Low = 2778.50    CD1 Range Avg = 24.00

Scenario 1: IF Bulls hold bid above 2803.25, THEN initial upside potential targets 2812 – 2815 zone.

Scenario 2: IF Bears hold offer below 2803.25 zone, THEN initial downside objective targets 2792 – 2785.50 zone.

Range Projections and Key Levels (ES) June 2019 (M) Contract

HOD  ATR Range Projection: 2813.75; LOD ATR Range Projection: 2777.75; 3 Day Central Pivot: 2772.25; 3 Day Cycle Target: 2813.25; 10 Day Average True Range 26.25; VIX: 14.00

Nasdaq 100 (NQ)

Today is Cycle Day 2 (CD2)…Price continues to consolidate following Monday’s strong trend-up session. Conversion of 7250 opens skylight to expand target 7267.50 – 7272.25 CD2 Penetration Zone.

CD1 Range High = 7267.50          CD1 Range Low = 7198.00          CD1 Range Avg = 56.50

Scenario 1: IF Bulls hold bid above 7250, THEN initial upside potential targets 7267.50 – 7272.25 CD2 Penetration Zone.

Scenario 2: IF Bears hold offer below 7250, THEN initial downside objective targets 7198.50 – 7188.50 CD1 range low zone.

Range Projections and Key Levels (NQ) June 2019 (M) Contract

HOD  ATR Range Projection: 7198.00; LOD ATR Range Projection: 7168.25; 3 Day Central Pivot: 7132.50; 3 Day Cycle Target: 7255.00; 10 Day Average True Range: 87.50; VIX: 14.00

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