Markets

World shares surged on Tuesday as investors took heart from the rally on Wall Street and brushed off jitters related to Friday’s terror attacks in Paris. “What we have learned is that there is not a meaningful market impact from such attacks,” said Anastasia Amoroso, a global market strategist at JPMorgan. “So because we have this unfortunate precedent, that’s why the market is looking past this.” Equity selloffs that occurred after the Madrid train bombings in 2004 and London bombings of 2005 were erased only days following the attacks.

Today’s Economic Calendar

8:30 Consumer Price Index
8:55 Redbook Chain Store Sales
9:15 Industrial Production
10:00 NAHB Housing Market Index
10:00 E-Commerce Retail Sales
4:00 PM Treasury International Capital

PTG Trading

The following excerpt is from DTS Briefing 11.16.15…“Deep price extremes have been achieved, so the current cycle rally can begin at any time….Price extremes have already been achieved, so there is greater potential now for a snap-back rally.”

Markets did indeed rally…and rally strong they did, surpassing Average Cycle Rally Target up to CD1 Penetration Level, all in same day…That is 50 Handles Plus!

Today is Cycle Day 2 (CD2)…NEUTRAL SPILL…Expectation is for some back n fill trade today, given the meteoric rise in prior session. Odds of Rally > 10 = 83%; Odds of Rally > 20 = 45%; Average Range = 14.50; Max Average Range = 22.75; Possible HOD = 2059.25; Possible LOD = 2036.50.

***Note: The odds highlighted are NOT predictions or trade recommendations, rather a guide based upon historical observed occurrences.

Today’s Hypotheses: December (Z) 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 penetrates and converts PH (2051.00, THEN initial upside targets 2059 – 2065.25 STATX Zone. Above this zone measures 2071.00 SPOT.

Scenario 2: Failure to convert PH (2051.00) suggests pullback to find responsive buyers…Levels to be mindful of on pullback are: 2051.00, 2049.25, 2046..00.

We will update specific dynamic levels during the live trading room session.

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

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