Equities look poised for another day of losses as DJIA futures suggest a 105-point decline at the open. Investors appear to be fretting over a Dec. 15 deadline set for the next round of U.S. tariffs on Chinese imports, as the Fed meets for its last policy meeting of the year. While the central bank is expected to keep rates where they are following Friday’s better-than-expected jobs report, Fed watchers tomorrow will be closely listening for signals to the contrary at Jerome Powell’s press conference.
In Asia, Japan -0.1%. Hong Kong -0.2%. China +0.1%. India -0.6%.
In Europe, at midday, London -1.3%. Paris -1%. Frankfurt -1.7%.
Futures at 6:20, Dow -0.4%. S&P -0.4%. Nasdaq -0.4%. Crude -0.4% to $58.81. Gold +0.3% to $1469.60. Bitcoin -1.8% to $7353.
Ten-year Treasury Yield -3 bps to 1.8%
(Source: Seeking Alpha) https://seekingalpha.com/
As PTG Trade Strategy states: 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.
CD3 Range High = 3140.00 CD3 Range Low = 3114.00 CD3 Range Avg = 28.00
Scenario 1: IF Bulls hold bid above 3124, THEN initial upside targets 3130 – 3135 zone.
Scenario 2: IF Bears hold offer below 3124, THEN initial downside targets 3120 – 3117 zone.
Range Projections and Key Levels (ES) December (Z) Contract
Nasdaq 100 (NQ)
CD3 Range High = 8356.00 CD3 Range Low = 8314.00 CD3 Range Avg = 100.00
Scenario 1: IF Bulls hold bid above 8323, THEN initial upside potential targets 8350 – 8365 zone.
Scenario 2: IF Bears hold offer below 8323, THEN initial downside targets 8307 – 8300 zone.
Range Projections and Key Levels (NQ) December (Z) Contract
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!
“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.”
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