Trade Strategy 4.12.18

Markets
 
In Asia, Japan -0.1%. Hong Kong -0.2%. China -0.9%. India +0.5%
In Europe, at midday, London +0.1%. Paris +0.3%. Frankfurt +0.5%
Futures at 6:20, Dow +0.4%. S&P +0.5%. Nasdaq +0.5%. Crude -0.2% to $66.67. Gold -0.9% to $1348.20. Bitcoin steady at $6944. 
Ten-year Treasury Yield flat at 2.8%
 
(Source: Seeking Alpha)
 
Economic Calendar

8:30 Initial Jobless Claims
8:30 Import/Export Prices
9:45 Bloomberg Consumer Comfort Index
10:30 EIA Natural Gas Inventory
1:00 PM Results of $12B, 30-Year Note Auction
4:30 PM Money Supply
4:30 PM Fed Balance Sheet

S&P 500

Today is Cycle Day 2 (CD2)…This cycle’s rally is taking shape following CD1 consolidation day. Price pre-cash is above it’s previous close (2642.50) and challenging prior high (2661.25). There is plenty of room to expand higher if bulls can convert 2660 handle.

Scenario 1: IF price clears and converts PH (2661.25), THEN upside expansion targets measure 2670 upwards to 2680 handle.

Scenario 2: IF price violates and converts 2642.50, THEN bears can press for 2632 handle.

HOD  ATR Range Projection: 2690.50; LOD ATR Range Projection: 2605.75; Cycle Day 1 Low: 2626.00; 3 Day Central Pivot: 2638.00; 3 Day Cycle Target: 2705.00; 10 Day Average True Range 50.77; VIX: 19.54

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Nasdaq 100 (NQ)

Today is Cycle Day 2 (CD2)…This cycle’s rally is taking shape following CD1 consolidation day. Price pre-cash is above it’s previous close (6595.00) and challenging prior high (6663.25). There is plenty of room to expand higher if bulls can convert 6665 handle.

Scenario 1: IF price clears and converts PH (6663.25), THEN upside expansion targets measure 6683 handle.

Scenario 2: IF price violates and converts 6595.00, THEN bears can press for 6550 handle.

Range Projections and Key Levels (NQ)

HOD  ATR Range Projection: 6751.42; LOD ATR Range Projection: 6477.08; Cycle Day 1 Low: 6550.75; 3 Day Central Pivot: 6570.00; 3 Day Cycle Target: 6767.00; 10 Day Average True Range: 161.67; VIX: 19.54

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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