Prepared By Robert Miner, Dynamic Traders Group, Inc. Trade Strategies for: Jan. 28-Feb. 1, 2019 This written report is a summary of the technical position of each market with key time and price targets plus the general trade direction for the next few days. Weekly and ID charts and comments with more detailed potential trade strategies are included with the video update. DT Report Subscribers Video Update: The video update is included with today s report and provides more details of the position of each market and immediate trade strategies. The video update is accessed from the DT Subscribers Video link from the Member Dashboard login. There is no new Trade Tutorial Video today. See Wednesday s Trade Tutorial Video and follow up comments in today s regular DT Report Update Video. Next scheduled written and video reports: Wednesday, Jan. 30 Jan. 30, FOMC Announcement Continued on the next page. The DT Report, Saturday edition, is written after the Friday close and distributed by 7 PM, EST Saturday, generally by early afternoon on Saturday. The Saturday edition includes a 20-30 minute video update. A written update is regularly sent each Wed. after the close, by 7PM, EST. Occasional, brief week day alerts are sent when conditions warrant. The DT Futures Report and DT Stock / ETF Reports are issued 48 weeks per year with one week off per calendar quarter. For explanations of terms, abbreviations and strategies, see the DT Report Subscribers Guide available on the password protected subscribers page. The recent two weeks of reports are archived on the subscriber s page. Trading futures, stocks and Forex is risky and not for every investor. You could potentially lose all or more than your initial investment with leveraged positions. Past performance is no guarantee of future performance. Trade and invest at your own risk. Readers using this information are solely responsible for their actions and invest at their own risk. The information in this report is for the education of the reader and should not be construed as an offer to buy or sell securities. This information is supplied for the paid subscriber and may not be copied or distributed in any manner. Principles or associates of Dynamic Traders Group, Inc. may have positions in one or more of the markets discussed. Data supplied by esignal.com, Equis.com, Worden Brothers and Genesis Financial Data Services. Copyright 2019 Dynamic Traders Group, Inc, DynamicTraders.com, DT@dynamictraders.com
Stock Indexes Technical Weekly Daily OB A weekly high is near. OS or Bull: Which implies the net trend should be sideways to up for at least the next 3-4 days. ES SPX NQ YM 2695-2718 2692-2714 6880-6974 24,888-25,113 These zones include the 127%-161.8% Ext Rets of the recent minor swing down and the 78.6% Rets. These levels should be the maximum on the upside if the indexes continue higher into early next week. 2626 2627 6661.50 24,386 Support 1/24 L 1/24 L 1/24 L 1/24 L Support Timing General Trade Strategy A decline below these nearby lows should reverse the trend to Bear. Jan. 29-31: Ideal time to complete a weekly high. The indexes quickly voided the Bear Reversal Signal made Tuesday traded sideways for two days to drive the daily 8.. momentum OS. A new high is probable next week. time factors next week surround the Wed., Jan. 30, FOMC announcement. With the weekly momentum now OB, the next daily momentum Bear Reversal which is likely by the end of the week should complete a weekly high. Immediate Trade Strategies for the Next Few Trading Days Bull as long as no trade below Friday s low for a probable new high. The best trade setup in the days ahead will be following the next daily momentum Bear Reversal which will put the daily / weekly momentums OB or Bear to complete a weekly high. Page 2
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Notes / Bonds Technical Weekly Daily DLB Bear: With the fast lines OS. Warns a weekly low should be near. Bull: But just below the OB zone. A daily high is near if not complete Thursday. Notes (March) 123 08 1/3 High Bonds (March) 148 47 1/4 High If a weekly high is complete as anticipated, these highs should not be exceeded for at least another week or two. Support 120 20-120 03 142 18-144 01 Support Timing General Trade Strategy These should be the maximum downside zones if each are making ABCDE corrections as anticipated. Jan. 30: FOMC announcement and 100% ATPs of the past two 4 day declines. Ideal time to complete a daily low and the end of a correction from the early Jan. high. While the weekly momentums have not reached OS, a corrective, weekly low is likely to be complete by the end of next week or the following week. Jan. 30 is the ideal date. Immediate Trade Strategies for the Next Few Trading Days Bear as long as no trade above Thursday s high. The best trade setup will be in the days ahead following the next daily 8.. momentum BullRev which should complete a corrective low followed by an eventual Bull trend to a new high. Page 5
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Gold / Silver / GDX Technical Weekly Daily DLB Bear: Weekly momentums are all DLB Bear from the OB zone which implies the trend should be net Bear for at least another 2-3 weeks. While gold may make a new high next week, with the weekly momentums Bear, the upside should be limited before a weekly decline begins. DLB Bull All three daily momentums are DLB Bull from the OS zone. The immediate net trend should be sideways to up for at least another 2-3 days. Gold (Feb.) Silver (March) GDX 1307-1316 127% - 161.8% Ext Ret 16.16-16.42 127% - 161.8% Ext Ret 21.00-21.49 Reached Gold and Silver zones should be the maximum on the upside if they make new highs. Support C < 1275.30 1/24 L C < 15.20 1/22 L 19.90-19.52 50%-61.8% Ret Timing General Trade Strategy If silver and gold close below the swing lows shown, it will confirm a weekly high is complete. The GDX retracement zone should be the max downside if the Bear trend continues as anticipated. WE Jan. 25: This week would typically be considered the maximum time to complete a weekly high. The pattern position suggests at least gold should make a new high next week, but probably not a new weekly closing high. If weekly highs are not complete, the upside should be very limited before a weekly Bear trend continues. Immediate Trade Strategies for the Next Few Trading Days No opinion. While the daily momentums are Bull and not OB which would typical result in a Bull recommendation for the next few days, with the weekly momentums Bear the upside should be limited. I would rather wait until there is a setup for a short trade which should last at least 2-3 weeks if not more following the next daily momentum BearRev. Page 7
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Euro / Dollar Technical Weekly Daily Euro DLB Bear: The weekly momentums are DLB Bear from the OB zone and nowhere near the OS zone which implies the net trend should be sideways to down for another 2-3 weeks or so. Dollar DLB Bull: The net trend should be sideways to up for at least another 2-3 weeks or so. (Euro) DLB Bull: And not OB which implies the immediate trend should be sideways to up for another 2-3 days. (Dollar) DLB Bear: The immediate trend should be sideways to down for at least another 2-3 days. Euro 1.14297-1.14627 50%-61.8% Ret Zone Dollar 96.27104-96.42502 EOW-5 Target REACHED Euro: The broad zone for a corrective rally. Dollar: This EOW-5 target was reached Thursday followed by Friday s sharp reversal. Support C < 1.13442 Jan. 3 C MADE 95.505-95.29968 50%-61.8% Rets REACHED Support Timing General Trade Strategy Euro: Thursday s close below here signals the Bear trend should continue and any rallies should be corrections in the weekly Bear trend. Dollar: This retracement zone for a corrective decline was reached on Friday s sharp decline. Jan. 30-Feb. 1: Target for a W.2 or B corrective high. Includes the 61.8% Time Retracement and 100% H-H-H. The Euro should be sideways to up for at least another 2-3 days and should complete a W.2 or B corrective high by Friday followed by a resumption of the weekly Bear trend. Immediate Trade Strategies for the Next Few Trading Days (Euro) Bull as long as the daily 8.. momentum is Bull and not OB but the upside should be relatively limited with the Euro nearing the 50% retracement Friday. The best setup in the days ahead should be following the next daily 8.. momentum Bear Reversal to be in sync with the Bear weekly momentums to continue the weekly Bear trend. (Dollar) Bear as long as the daily 8.. momentum is Bear and not OS but the downside should be limited as the Dollar Index reached the 50% retracement on Friday s sharp down day. Page 10
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The inevitable and possibly required disclaimer for market advisory reports. HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS & ACTUAL RESULTS ACHIEVED BY A PARTICULAR TRADING PROGRAM. ONE LIMITATION OF HYPOTHETICAL PERFORMANCE RESULTS IS THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK & NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. THE ABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS THAT CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM THAT CANNOT BE FULLY ACCOUNTED FOR IN PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS Page 13