Trade Strategy 4.1.19

Markets

Markets are rallying on the news, with Shanghai closing up 2.6%, Dow futures 191 points higher and Nasdaq futures ahead by 1%. High-level trade negotiations between China and the U.S. are also set to resume in Washington this week following last week’s talks in Beijing.

In Asia, Japan +1.4%. Hong Kong +1.8%. China +2.6%. India +0.4%. 
In Europe, at midday, London +0.6%. Paris +0.6%. Frankfurt +1.2%. 
Futures at 6:20, Dow +0.7%. S&P +0.7%. Nasdaq +1%. Crude +1% to $60.74. Gold -0.3% to $1295.10. Bitcoin +0.6% to $4113. 
Ten-year Treasury Yield +3 bps to 2.44%

(Source: Seeking Alpha)  

Economic Calendar

http://mam.econoday.com/

8:30Retail Sales
9:45PMI Manufacturing Index
10:00Business Inventories
10:00ISM Manufacturing Index
10:00Construction Spending

*****New PTG Trading Room Chat Log’s Link

S&P 500

Today is Cycle Day 3 …Price has vaulted above prior high during Globex Session, currently trading and fulfilling 2858.50 Cycle Day 3 Mid-Statistical Extreme.

CD3 Range High = 2868.00          CD3 Range Low = 2838.00          CD3 Range Avg = 23.50 

Scenario 1: IF Bulls hold bid above 2839.50, THEN initial upside target measures 2850 – 2858.50 CD3 Penetration Zone.

Scenario 2: IF Bears hold offer below 2839.50 THEN initial downside target measures 2832 – 2828 CD3 Low Range Zone.

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

HOD  ATR Range Projection: 2874.00; LOD ATR Range Projection: 2832.00; Cycle Day 1 Low: 2795.00; 3 Day Central Pivot: 2819.25; 3 Day Cycle Target: 2846.00; 10 Day Average True Range 29.50; VIX: 14.00

Nasdaq 100 (NQ)

Today is Cycle Day 3…Price has vaulted above prior high during Globex Session, currently trading and fulfilling 7474.00 Cycle Day 3 Mid-Statistical Extreme.

CD3 Range High = 7485.00         CD3 Range Low = 7431.00          CD3 Range Avg = 56.50

Scenario 1: IF Bulls hold bid above 7412.75, THEN initial upside potential targets 7464.50 – 7485.00 CD3 Statistical Penetration Zone.

Scenario 2: IF Bears hold offer below 7412.75, THEN initial downside targets 7390 – 7385 zone.

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

HOD  ATR Range Projection: 7522.50; LOD ATR Range Projection: 7393.50; Cycle Day 1 Low: 7301.25; 3 Day Central Pivot: 7355.00; 3 Day Cycle Target: 7364.50; 10 Day Average True Range: 94.00; 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


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