**Overnight Markets and News**
*Dec E-mini S&Ps (ESZ18 +0.68%) this morning are up +0.69% on strength in technology stocks led by a rally in Facebook which is up almost 4% in pre-market trading after it reported better-than-expected Q3 earnings. European stocks are up +1.59% at a 1-week high on better-than expected quarterly earnings results from L'Oreal SA and Sanofi. Also, strength in European exporter stocks are positive for the overall market after EUR/USD (^EURUSD +0.05%) fell to a 2-1/2 month low. Asian stocks settled higher: Japan +2.16%, Hong Kong +1.60%, China +1.35%, Taiwan +2.90%, Australia +0.43%, Singapore +1.76%, South Korea +0.59%, India +1.63%. The BOJ as expected kept its policy interest rates and its QE program unchanged and it forecast inflation will remain below target until at least 2021. That sparked a rally in USD/JPY to a 3-week high that spurred gains in exporter stocks to lead the Nikkei Stock Index higher. Chinese stocks rallied on month-end short covering despite weaker-than-expected manufacturing data that showed the China Oct manufacturing PMI fell -0.6 to 50.2, the slowest pace of growth in 2-1/4 years. The weak economic data spurred losses in the yuan which fell to a 10-1/4 year low of 6.9783 per dollar.
*The dollar index (DXY00 -0.11%) is up +0.01% at a 16-month high. EUR/USD (^EURUSD +0.05%) is down -0.03% at a 2-1/2 month low. USD/JPY (^USDJPY -0.02%) is up +0.02% at a 3-week high.
*Dec 10-year T-note prices (ZNZ18 -0-070) are down -7.5 ticks.
*The Eurozone Sep unemployment rate was unch at 8.1%, right on expectations.
*Eurozone Oct CPI rose +2.2% y/y, right on expectations and the fastest pace of increase in 6 years. Oct core CPI rose +1.1% y/y, right on expectations.
*German Sep retail sales of +0.1% m/m and -2.6% y/y was weaker than expectations of +0.5% m/m and +1.0% y/y with the -2.6% y/y drop the biggest year-on-year decline in 5 years.
*The China Oct manufacturing PMI fell -0.6 to 50.2, weaker than expectations of -0.2 to 50.6 and the slowest pace of growth in 2-1/4 years.
*The China Oct non-manufacturing PMI fell -1.0 to 53.9, weaker than expectations of -0.3 to 54.6 and the slowest pace of growth in 14 months.
*Japan Sep industrial production fell -1.1% m/m, weaker than expectations of -0.3% m/m.
*Japan Oct consumer confidence unexpectedly fell -0.5 to a 1-3/4 year low of 43.0, weaker than expectations of +0.1 to 43.5.
--------------------------------------------------------------------------------------
**U.S. Stock Preview**
*Key U.S. news today includes: (1) weekly MBA mortgage applications (previous +4.9% to 337.8 with purchase sub-index +2.0% to 228.4 and refi sub-index +9.7% to 919.6), (2) Oct ADP employment (expected +190,000, Sep +230,000), (3) Q3 employment cost index (expected +0.7%, Q2 +0.6%), (4) Oct Chicago PMI (expected -0.4 to 60.0, Sep -3.2 to 60.4), (5) EIA weekly Petroleum Status Report.
*Notable S&P 500 earnings reports today include: GM (consensus $1.25), Kellogg (1.06), Allstate (2.21), Apache (0.47), Baxter (0.74), Williams Cos (0.21), Yum Brands (0.85).
*U.S. IPO's scheduled to price today: Axonics Modulation Technologies (AXNX).
*Equity conferences during the remainder of this week: SecureWorld Denver Conference on Wed, Solix EMPOWER New York Conference on Thu, TRANSACT Tech San Francisco Conference on Thu, Data Center Summit on Fri.
--------------------------------------------------------------------------------------
**Overnight U.S. Stock Movers**
*Facebook (FB +2.91%) is up nearly 4% in pre-market trading after it reported Q3 EPS of $1.76, above consensus of $1.47.
*Paycom Software (PAYC +4.62%) fell nearly 9% in after-hours trading after it forecast Q4 adjusted Ebitda of $49.5 million to $51.5 million, weaker than consensus of $52.3 million.
*Electronic Arts (EA +3.99%) fell 6% in after-hours trading after it forecast Q3 adjusted revenue of $1.725 billion, weaker than consensus of $1.990 billion.
*T-Mobile US (TMUS -1.53%) rose more than 3% in after-hours trading after it reported Q3 adjusted Ebitda of $3.24 billion, stronger than consensus of $3.07 billion.
*Shutterfly (SFLY +2.42%) tumbled 12% in after-hours trading after it reported Q3 revenue of $368.8 million, weaker than consensus of $377.5 million, and then forecast Q4 revenue of $943 million to $993 million, the midpoint below consensus of $980.5 million.
*Yum China Holdings (YUMC +1.57%) climbed nearly 4% in after-hours trading after it reported Q3 adjusted EPS of 51 cents, above consensus of 45 cents.
*Exact Sciences (EXAS +4.72%) rallied 8% in after-hours trading after it reported Q3 gross margin of 75%, better than consensus of 72%.
*3D Systems (DDD +8.51%) tumbled 18% in after-hours trading after it reported Q3 revenue of $164.5 million, well below consensus of $172.0 million.
*Whiting Petroleum (WLL +3.07%) rose 4% in after-hours trading after it reported Q3 adjusted EPS of 93 cents, well above consensus of 62 cents.
*Habit Restaurants (HABT +1.08%) jumped 10% in after-hours trading after it reported Q3 revenue of $104.6 million, better than consensus of $101.4 million, and then forecast full-year revenue of $397 million to $399 million, higher than consensus of $395.9 million.
*FireEye (FEYE +2.68%) rose 3% in after-hours trading after it reported Q3 adjusted EPS of 6 cents, better than consensus of 2 cents, and forecast Q4 adjusted EPS of 4 cents to 6 cents. higher than consensus of 3.8 cents.
*The Container Store Group (TCS +3.72%) sank 15% in after-hours trading after it reported Q2 net sales of $224.5 million, below consensus of $225.0 million.
*Clovis Oncology (CLVS -0.54%) slumped more than 21% in after-hours trading after it reported a Q3 adjusted loss per share of -$1.71, wider than consensus of -$1.60, and then forecast Q4 revenue "consistent with or slightly higher" than Q3 revenue of $22.8 million, weaker than consensus of $39.5 million.
--------------------------------------------------------------------------------------
**Market Comments**
*Dec S&P 500 E-minis (ESZ18 +0.68%) this morning are up +18.50 points (+0.69%). Tuesday's closes: S&P 500 +1.57%, Dow Jones +1.77%, Nasdaq 100 +1.43%. The S&P 500 on Tuesday closed higher on some trade optimism after President Trump said that he would like to make a trade deal with China "right now." Stocks were also boosted by the U.S. Oct consumer confidence report of +0.5 to a 6-month high of 116.6, stronger than expectations of -0.9 to 115.1. Stocks were undercut by concern about a slowdown in the U.S. housing market after the Aug S&P CoreLogic composite-20 home price index rose +5.5% y/y, weaker than expectations of +5.8% y/y and the smallest year-on-year increase in 1-3/4 years. There was also weakness in energy stocks after crude oil prices fell -1.28% to a 2-1/2 month low.
*Dec 10-year T-notes (ZNZ18 -0-070) this morning are down -7.5 ticks. Tuesday's closes: TYZ8 -5.50, FVZ8 -3.25. Dec 10-year T-notes on Tuesday closed lower on the unexpected increase in U.S. Oct consumer confidence to a 6-month high and on the rally in stocks, which curbed safe-haven demand for T-notes.
*The dollar index (DXY00 -0.11%) this morning is up +0.011 (+0.01%) at a new 16-month high, EUR/USD (^EURUSD +0.05%) is down -0.0003 (-0.03%) at a 2-1/2 month low, and USD/JPY (^USDJPY -0.02%) is up +0.02 (+0.02%) at a 3-week high. Tuesday's closes: Dollar Index +0.432 (+0.45%), EUR/USD -0.0028 (-0.25%), USD/JPY +0.76 (+0.68%). The dollar index on Tuesday climbed to a 16-month high on higher T-note yields, which boosted the dollar's interest rate differentials. The dollar was also boosted by weakness in the Chinese yuan that sank to a 10-1/4 year low of 6.9741 yuan/USD. The dollar was also boosted by the rally in stocks that reduced safe-haven demand for the yen and sent USD/JPY down to a 2-1/2 week low.
*Metals prices this morning are mixed with Dec gold (GCZ18 -0.43%) -6.0 (-0.49%) at a 2-1/2 week low, Dec silver (SIZ18 -0.74%) -0.0112 (-0.77%) at a 2-1/2 week low, and Dec copper (HGZ18 +0.08%) +0.006 (+0.23%). Tuesday's closes: Dec gold -2.3 (-0.19%), Dec silver +0.020 (+0.14%), Dec copper -0.0765 (-2.79%). Metals on Tuesday settled mixed with Dec gold at a 2-week low and Dec copper at a 6-week low. Metals prices were undercut by the rally in the dollar index to a 16-month high and by the rally in stocks, which curbed the safe-haven demand for precious metals. Gold prices were boosted by the recent stock market volatility that has boosted fund demand for gold as a store of wealth as long gold positions in ETFs rose to a 2-1/2 month high on Monday.
*Dec WTI crude oil prices (CLZ18 +0.26%) this morning are up +26 cents (+0.39%) and Dec gasoline (RBZ18 +0.73%) is +1.48 (+0.82%). Tuesday's closes: Dec crude oil -0.86 (-1.28%), Dec gasoline -1.86 (-1.02%). Dec crude oil and gasoline on Tuesday closed lower with Dec crude at a 2-1/2 month low. Crude oil prices were undercut by the rally in the dollar index to a 16-month high and by expectations for Wednesday's EIA crude inventories to increase by 3 million bbl. Crude oil prices continued to see underlying support from the impending reinstatement of U.S. sanctions on Iran this coming Monday (Nov 5), which will cut Iranian oil exports beyond the 35% drop that has already been seen.
{==========================================================}
*PLACING TRADES*
HOW TO READ THE MARKET
OK SO IF YOU LOOK AT TODAYS SHEET YOU WILL LOOK FOR YOUR BUY/SELL SIGNALS FIRST. THE BUY SELL SIGNAL IS LOCATED UNDER THE "POSMOM" & "NEGMOM" COLUMNS. FOR BUYS SIGNALS YOUR LOOKING FOR EITHER A "311", "411" OR "911" LIKEWISE FOR SELL SIGNALS. BUY AND SELL ARE BASED ON THE POS MOM AND NEG MOM THERE IS ALSO "11" WHICH MEANS THAT THE MARKET IS LOCKED IN WITH EITHER BULLISH OR BEARISH MOMENTUM. THIS IS ANALOGOUS TO A CONTINUATION PATTERN IN EITHER DIRECTION. NEXT YOU LOOK AT THE "TREND" COLUMN. IS YOU HAVE A BUY SIGNAL (AS INDICATED ABOVE) THEN YOU KNOW THAT YOU WILL BE TRADING WITH THE TREND IS THERE IS A "3","2" OR "1" IN THE TREND COLUMN. 3 IS A MATURE STAGE 3 TREND. EVERYTHING IS LOCKED IN MOMENTUM WISE. 2 IS A STAGE 2 TREND THAT IS STRENGTHENING AND WILL BECOME A STAGE 3 SOON. 1 IS THE BEGINNING STAGE OF A TREND THAT DEVELOPING. NEXT......IS THE MARKET TIMING. THATS WHERE THE PRICE TRIGGERS COME INTO PLAY. FOR LONGS YOU CAN ENTER @ THE "ENTRY" COLUMN OR TAKE A MORE CONSERVATIVE APPROACH (IF THE "52WK" COLUMN IS GREATER THAN THE "ENTRY" COLUMN) AND ENTER AT THE "52WK" TRIGGER. ONCE YOU HAVE MADE YOUR DECISION YOU SIMPLY PLACE THE TICKET AND WAIT FOR THE MARKET TO COME TO YOU.
*NOTE: THERE IS A FAILSAFE BUILT INTO THE SYSTEM. EVEN WITHOUT LOOKING AT THE POS MOM & NEG MOM YOU CAN JUST USE THE PRICE TRIGGERS THEMSELVES AND ENTER A TRADE. REASON BEING IS BECAUSE IF THE PRICE TRIGGER IS HIT THE MARKET WILL MOVE IN THE DIRECTION AND TAKE YOU ALONG FOR THE RIDE!
*EXITS* - THERE ARE TWO WAYS TO DO EXITS. FIRST YOU CAN EXIT WHEN THE OPPOSITE PRICE TRIGGER IS HIT.
*EXITS WORK LIKE ENTRY POINTS. YOU LET THE MARKET COME TO YOU. THE MORE CONSERVATIVE APPROACH IS TO USE THE "STOPLOSS" COLUMN AS YOUR EXIT ON LONG POSITIONS AND USE THE "ENTRY" COLUMN TO EXIT ON SHORT POSITIONS.
{==========================================================}
General Advice Disclosure: Please note that the advice contained herein is general advice and is for the purposes of education only. The risk of loss in trading futures contracts, commodity options, stocks, stock options and forex currencies can be substantial, and therefore investors should understand the risks involved in taking leveraged positions and must assume responsibility for the risks associated with such investments and for their results. You are reminded that past performance is no guarantee or reliable indication of future results. It has not been prepared taking into account your particular investment objectives, financial situation and particular needs.You should therefore assess whether the advice is appropriate to your individual investment objectives, financial situation and particular needs. You should do this before making an investment decision based on this general advice. You can either make the assessment yourself or seek the help of a professional adviser. This commentary is not a recommendation to buy or sell, but rather a guideline to interpreting the specified indicators. This information should only be used by investors who are aware of the risk inherent in securities trading. The Vulcan Report accepts no liability whatsoever for any loss arising from any use of this expert or its contents.liability whatsoever for any loss arising from any use of this expert or its contents. For Related news and other stories please visit - http://www.wideawakenews.com/ For Related videos on our Youtube channel please visit - http://www.youtube.com/user/pulsescan72 Be Sure to register for faster updates and commentaries at - BLOG 1: - http://pulsescan.blogspot.com/ BLOG 2: - http://seekingalpha.com/instablog/466159-pulsescan72/ BULLS make money... BEARS make money.... PIGS get slaughtered! "TAKE WHAT YOU CAN .........GIVE NOTHING BACK"!!
*Dec E-mini S&Ps (ESZ18 +0.68%) this morning are up +0.69% on strength in technology stocks led by a rally in Facebook which is up almost 4% in pre-market trading after it reported better-than-expected Q3 earnings. European stocks are up +1.59% at a 1-week high on better-than expected quarterly earnings results from L'Oreal SA and Sanofi. Also, strength in European exporter stocks are positive for the overall market after EUR/USD (^EURUSD +0.05%) fell to a 2-1/2 month low. Asian stocks settled higher: Japan +2.16%, Hong Kong +1.60%, China +1.35%, Taiwan +2.90%, Australia +0.43%, Singapore +1.76%, South Korea +0.59%, India +1.63%. The BOJ as expected kept its policy interest rates and its QE program unchanged and it forecast inflation will remain below target until at least 2021. That sparked a rally in USD/JPY to a 3-week high that spurred gains in exporter stocks to lead the Nikkei Stock Index higher. Chinese stocks rallied on month-end short covering despite weaker-than-expected manufacturing data that showed the China Oct manufacturing PMI fell -0.6 to 50.2, the slowest pace of growth in 2-1/4 years. The weak economic data spurred losses in the yuan which fell to a 10-1/4 year low of 6.9783 per dollar.
*The dollar index (DXY00 -0.11%) is up +0.01% at a 16-month high. EUR/USD (^EURUSD +0.05%) is down -0.03% at a 2-1/2 month low. USD/JPY (^USDJPY -0.02%) is up +0.02% at a 3-week high.
*Dec 10-year T-note prices (ZNZ18 -0-070) are down -7.5 ticks.
*The Eurozone Sep unemployment rate was unch at 8.1%, right on expectations.
*Eurozone Oct CPI rose +2.2% y/y, right on expectations and the fastest pace of increase in 6 years. Oct core CPI rose +1.1% y/y, right on expectations.
*German Sep retail sales of +0.1% m/m and -2.6% y/y was weaker than expectations of +0.5% m/m and +1.0% y/y with the -2.6% y/y drop the biggest year-on-year decline in 5 years.
*The China Oct manufacturing PMI fell -0.6 to 50.2, weaker than expectations of -0.2 to 50.6 and the slowest pace of growth in 2-1/4 years.
*The China Oct non-manufacturing PMI fell -1.0 to 53.9, weaker than expectations of -0.3 to 54.6 and the slowest pace of growth in 14 months.
*Japan Sep industrial production fell -1.1% m/m, weaker than expectations of -0.3% m/m.
*Japan Oct consumer confidence unexpectedly fell -0.5 to a 1-3/4 year low of 43.0, weaker than expectations of +0.1 to 43.5.
--------------------------------------------------------------------------------------
**U.S. Stock Preview**
*Key U.S. news today includes: (1) weekly MBA mortgage applications (previous +4.9% to 337.8 with purchase sub-index +2.0% to 228.4 and refi sub-index +9.7% to 919.6), (2) Oct ADP employment (expected +190,000, Sep +230,000), (3) Q3 employment cost index (expected +0.7%, Q2 +0.6%), (4) Oct Chicago PMI (expected -0.4 to 60.0, Sep -3.2 to 60.4), (5) EIA weekly Petroleum Status Report.
*Notable S&P 500 earnings reports today include: GM (consensus $1.25), Kellogg (1.06), Allstate (2.21), Apache (0.47), Baxter (0.74), Williams Cos (0.21), Yum Brands (0.85).
*U.S. IPO's scheduled to price today: Axonics Modulation Technologies (AXNX).
*Equity conferences during the remainder of this week: SecureWorld Denver Conference on Wed, Solix EMPOWER New York Conference on Thu, TRANSACT Tech San Francisco Conference on Thu, Data Center Summit on Fri.
--------------------------------------------------------------------------------------
**Overnight U.S. Stock Movers**
*Facebook (FB +2.91%) is up nearly 4% in pre-market trading after it reported Q3 EPS of $1.76, above consensus of $1.47.
*Paycom Software (PAYC +4.62%) fell nearly 9% in after-hours trading after it forecast Q4 adjusted Ebitda of $49.5 million to $51.5 million, weaker than consensus of $52.3 million.
*Electronic Arts (EA +3.99%) fell 6% in after-hours trading after it forecast Q3 adjusted revenue of $1.725 billion, weaker than consensus of $1.990 billion.
*T-Mobile US (TMUS -1.53%) rose more than 3% in after-hours trading after it reported Q3 adjusted Ebitda of $3.24 billion, stronger than consensus of $3.07 billion.
*Shutterfly (SFLY +2.42%) tumbled 12% in after-hours trading after it reported Q3 revenue of $368.8 million, weaker than consensus of $377.5 million, and then forecast Q4 revenue of $943 million to $993 million, the midpoint below consensus of $980.5 million.
*Yum China Holdings (YUMC +1.57%) climbed nearly 4% in after-hours trading after it reported Q3 adjusted EPS of 51 cents, above consensus of 45 cents.
*Exact Sciences (EXAS +4.72%) rallied 8% in after-hours trading after it reported Q3 gross margin of 75%, better than consensus of 72%.
*3D Systems (DDD +8.51%) tumbled 18% in after-hours trading after it reported Q3 revenue of $164.5 million, well below consensus of $172.0 million.
*Whiting Petroleum (WLL +3.07%) rose 4% in after-hours trading after it reported Q3 adjusted EPS of 93 cents, well above consensus of 62 cents.
*Habit Restaurants (HABT +1.08%) jumped 10% in after-hours trading after it reported Q3 revenue of $104.6 million, better than consensus of $101.4 million, and then forecast full-year revenue of $397 million to $399 million, higher than consensus of $395.9 million.
*FireEye (FEYE +2.68%) rose 3% in after-hours trading after it reported Q3 adjusted EPS of 6 cents, better than consensus of 2 cents, and forecast Q4 adjusted EPS of 4 cents to 6 cents. higher than consensus of 3.8 cents.
*The Container Store Group (TCS +3.72%) sank 15% in after-hours trading after it reported Q2 net sales of $224.5 million, below consensus of $225.0 million.
*Clovis Oncology (CLVS -0.54%) slumped more than 21% in after-hours trading after it reported a Q3 adjusted loss per share of -$1.71, wider than consensus of -$1.60, and then forecast Q4 revenue "consistent with or slightly higher" than Q3 revenue of $22.8 million, weaker than consensus of $39.5 million.
--------------------------------------------------------------------------------------
**Market Comments**
*Dec S&P 500 E-minis (ESZ18 +0.68%) this morning are up +18.50 points (+0.69%). Tuesday's closes: S&P 500 +1.57%, Dow Jones +1.77%, Nasdaq 100 +1.43%. The S&P 500 on Tuesday closed higher on some trade optimism after President Trump said that he would like to make a trade deal with China "right now." Stocks were also boosted by the U.S. Oct consumer confidence report of +0.5 to a 6-month high of 116.6, stronger than expectations of -0.9 to 115.1. Stocks were undercut by concern about a slowdown in the U.S. housing market after the Aug S&P CoreLogic composite-20 home price index rose +5.5% y/y, weaker than expectations of +5.8% y/y and the smallest year-on-year increase in 1-3/4 years. There was also weakness in energy stocks after crude oil prices fell -1.28% to a 2-1/2 month low.
*Dec 10-year T-notes (ZNZ18 -0-070) this morning are down -7.5 ticks. Tuesday's closes: TYZ8 -5.50, FVZ8 -3.25. Dec 10-year T-notes on Tuesday closed lower on the unexpected increase in U.S. Oct consumer confidence to a 6-month high and on the rally in stocks, which curbed safe-haven demand for T-notes.
*The dollar index (DXY00 -0.11%) this morning is up +0.011 (+0.01%) at a new 16-month high, EUR/USD (^EURUSD +0.05%) is down -0.0003 (-0.03%) at a 2-1/2 month low, and USD/JPY (^USDJPY -0.02%) is up +0.02 (+0.02%) at a 3-week high. Tuesday's closes: Dollar Index +0.432 (+0.45%), EUR/USD -0.0028 (-0.25%), USD/JPY +0.76 (+0.68%). The dollar index on Tuesday climbed to a 16-month high on higher T-note yields, which boosted the dollar's interest rate differentials. The dollar was also boosted by weakness in the Chinese yuan that sank to a 10-1/4 year low of 6.9741 yuan/USD. The dollar was also boosted by the rally in stocks that reduced safe-haven demand for the yen and sent USD/JPY down to a 2-1/2 week low.
*Metals prices this morning are mixed with Dec gold (GCZ18 -0.43%) -6.0 (-0.49%) at a 2-1/2 week low, Dec silver (SIZ18 -0.74%) -0.0112 (-0.77%) at a 2-1/2 week low, and Dec copper (HGZ18 +0.08%) +0.006 (+0.23%). Tuesday's closes: Dec gold -2.3 (-0.19%), Dec silver +0.020 (+0.14%), Dec copper -0.0765 (-2.79%). Metals on Tuesday settled mixed with Dec gold at a 2-week low and Dec copper at a 6-week low. Metals prices were undercut by the rally in the dollar index to a 16-month high and by the rally in stocks, which curbed the safe-haven demand for precious metals. Gold prices were boosted by the recent stock market volatility that has boosted fund demand for gold as a store of wealth as long gold positions in ETFs rose to a 2-1/2 month high on Monday.
*Dec WTI crude oil prices (CLZ18 +0.26%) this morning are up +26 cents (+0.39%) and Dec gasoline (RBZ18 +0.73%) is +1.48 (+0.82%). Tuesday's closes: Dec crude oil -0.86 (-1.28%), Dec gasoline -1.86 (-1.02%). Dec crude oil and gasoline on Tuesday closed lower with Dec crude at a 2-1/2 month low. Crude oil prices were undercut by the rally in the dollar index to a 16-month high and by expectations for Wednesday's EIA crude inventories to increase by 3 million bbl. Crude oil prices continued to see underlying support from the impending reinstatement of U.S. sanctions on Iran this coming Monday (Nov 5), which will cut Iranian oil exports beyond the 35% drop that has already been seen.
{==========================================================}
*PLACING TRADES*
HOW TO READ THE MARKET
OK SO IF YOU LOOK AT TODAYS SHEET YOU WILL LOOK FOR YOUR BUY/SELL SIGNALS FIRST. THE BUY SELL SIGNAL IS LOCATED UNDER THE "POSMOM" & "NEGMOM" COLUMNS. FOR BUYS SIGNALS YOUR LOOKING FOR EITHER A "311", "411" OR "911" LIKEWISE FOR SELL SIGNALS. BUY AND SELL ARE BASED ON THE POS MOM AND NEG MOM THERE IS ALSO "11" WHICH MEANS THAT THE MARKET IS LOCKED IN WITH EITHER BULLISH OR BEARISH MOMENTUM. THIS IS ANALOGOUS TO A CONTINUATION PATTERN IN EITHER DIRECTION. NEXT YOU LOOK AT THE "TREND" COLUMN. IS YOU HAVE A BUY SIGNAL (AS INDICATED ABOVE) THEN YOU KNOW THAT YOU WILL BE TRADING WITH THE TREND IS THERE IS A "3","2" OR "1" IN THE TREND COLUMN. 3 IS A MATURE STAGE 3 TREND. EVERYTHING IS LOCKED IN MOMENTUM WISE. 2 IS A STAGE 2 TREND THAT IS STRENGTHENING AND WILL BECOME A STAGE 3 SOON. 1 IS THE BEGINNING STAGE OF A TREND THAT DEVELOPING. NEXT......IS THE MARKET TIMING. THATS WHERE THE PRICE TRIGGERS COME INTO PLAY. FOR LONGS YOU CAN ENTER @ THE "ENTRY" COLUMN OR TAKE A MORE CONSERVATIVE APPROACH (IF THE "52WK" COLUMN IS GREATER THAN THE "ENTRY" COLUMN) AND ENTER AT THE "52WK" TRIGGER. ONCE YOU HAVE MADE YOUR DECISION YOU SIMPLY PLACE THE TICKET AND WAIT FOR THE MARKET TO COME TO YOU.
*NOTE: THERE IS A FAILSAFE BUILT INTO THE SYSTEM. EVEN WITHOUT LOOKING AT THE POS MOM & NEG MOM YOU CAN JUST USE THE PRICE TRIGGERS THEMSELVES AND ENTER A TRADE. REASON BEING IS BECAUSE IF THE PRICE TRIGGER IS HIT THE MARKET WILL MOVE IN THE DIRECTION AND TAKE YOU ALONG FOR THE RIDE!
*EXITS* - THERE ARE TWO WAYS TO DO EXITS. FIRST YOU CAN EXIT WHEN THE OPPOSITE PRICE TRIGGER IS HIT.
*EXITS WORK LIKE ENTRY POINTS. YOU LET THE MARKET COME TO YOU. THE MORE CONSERVATIVE APPROACH IS TO USE THE "STOPLOSS" COLUMN AS YOUR EXIT ON LONG POSITIONS AND USE THE "ENTRY" COLUMN TO EXIT ON SHORT POSITIONS.
{==========================================================}
General Advice Disclosure: Please note that the advice contained herein is general advice and is for the purposes of education only. The risk of loss in trading futures contracts, commodity options, stocks, stock options and forex currencies can be substantial, and therefore investors should understand the risks involved in taking leveraged positions and must assume responsibility for the risks associated with such investments and for their results. You are reminded that past performance is no guarantee or reliable indication of future results. It has not been prepared taking into account your particular investment objectives, financial situation and particular needs.You should therefore assess whether the advice is appropriate to your individual investment objectives, financial situation and particular needs. You should do this before making an investment decision based on this general advice. You can either make the assessment yourself or seek the help of a professional adviser. This commentary is not a recommendation to buy or sell, but rather a guideline to interpreting the specified indicators. This information should only be used by investors who are aware of the risk inherent in securities trading. The Vulcan Report accepts no liability whatsoever for any loss arising from any use of this expert or its contents.liability whatsoever for any loss arising from any use of this expert or its contents. For Related news and other stories please visit - http://www.wideawakenews.com/ For Related videos on our Youtube channel please visit - http://www.youtube.com/user/pulsescan72 Be Sure to register for faster updates and commentaries at - BLOG 1: - http://pulsescan.blogspot.com/ BLOG 2: - http://seekingalpha.com/instablog/466159-pulsescan72/ BULLS make money... BEARS make money.... PIGS get slaughtered! "TAKE WHAT YOU CAN .........GIVE NOTHING BACK"!!
No comments:
Post a Comment