**Overnight Markets and News**
*Dec E-mini S&Ps (ESZ18 -0.22%) this morning are down -0.35% due to weakness in energy stocks as signs of oversupply pushes Jan WTI crude oil (CLF19 +1.53%) down -0.56% to a 13-1/2 month low. U.S. crude inventories on Wednesday unexpectedly rose for a tenth consecutive week to a 1-year high and Russian President Putin said oil prices at $60 a barrel is "absolutely fine." European stocks moved higher on signs of economic strength and are up +0.28% after German unemployment unexpectedly fell to a record low of 5.0% and Eurozone Nov economic confidence fell less than expected. Gains in European stocks were limited as Deutsche Bank fell -3% after prosecutors raided the company's headquarters in Frankfurt in a money-laundering probe. Asian stocks settled mostly higher: Japan +0.39%, Hong Kong -0.87%, China -1.32%, Taiwan +0.01%, Australia +0.58%, Singapore +0.48%, South Korea +0.26%, India +1.27%. Chinese stocks erased an early rally and closed lower on trade concerns ahead of Saturday's meeting between U.S. President Trump and China's President Xi Jinping. Japan's Nikkei Stock Index climbed to a 2-1/2 week high on signs of economic strength after Japan Oct retail sales rose more than expected.
*The dollar index (DXY00 +0.04%) is up +0.14%. EUR/USD (^EURUSD +0.11%) is up +0.07%. USD/JPY (^USDJPY -0.31%) is down -0.30%.
*Dec 10-year T-note prices (ZNZ18 +0-045) are up +5.5 ticks at a 2-1/2 month high on positive carry-over from Wednesday's speech from Fed Chair Powell who opened the door for a potential pullback in rate hikes next year after he said rates are "just below" the range of neutral estimates.
*Eurozone Nov economic confidence fell -0.2 to 109.5, stronger than expectations of -0.7 to 109.1 but still a 1-1/2 year low. The Nov business climate indicator unexpectedly rose +1.08 to 1.09, stronger than expectations of -0.05 to 0.96.
*German Nov unemployment change fell -16,000, stronger than expectations of -10,000. The Nov unemployment rate unexpected fell -0.1 to 5.0%, stronger than expectations of no change at 5.1% and the lowest since German reunification in 1990.
*UK Oct net consumer credit rose +0.9 billion pounds, weaker than expectations of +1.0 billion pounds.
*UK Oct mortgage approvals rose 67,100, stronger than expectations of 64,600 and the most in 9 months.
*Japan Oct retail sales rose +1.2% m/m, stronger than expectations of +0.4% m/m.
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**U.S. Stock Preview**
*Key U.S. news today includes: (1) weekly initial unemployment claims (expected -4,000 to 220,000, previous +3,000 to 224,000) and continuing claims (expected -5,000 to 1.663 million, previous -2,000 to 1.668 million), (2) Oct personal spending (expected +0.4%, Sep +0.4%) and Oct personal income (expected +0.4%, Sep +0.2%), (3) Oct PCE deflator (expected +0.2% m/m and +2.1% y/y, Sep +0.1% m/m and +2.0% y/y) and Oct core PCE deflator (expected +0.2% m/m and +1.9% y/y, Sep +0.2% m/m and +2.0% y/y), (4) Oct pending home sales (expected +0.5% m/m and -2.8% y/y, Sep +0.5% m/m and -3.4% y/y), (5) minutes of the Nov 7-8 FOMC meeting, (6) Cleveland Fed President Loretta Mester (voter), Chicago Fed President Charles Evans (non-voter), Philadelphia Fed President Patrick Harker (non-voter), Minneapolis Fed President Neel Kashkari (non-voter) and Dallas Fed President Robert Kaplan (non-voter) participate at a Boston Fed Conference on “Collaboration for Inclusive Economic Development.”
*Notable Russell 1000 earnings reports today include: HP (consensus $0.54), VMware (1.50), Dollar Tree (1.14), Dell Technologies Class V (1.50), Palo Alto Networks (1.05).
*U.S. IPO's scheduled to price today: none.
*Equity conferences during the remainder of this week: Piper Jaffray Health Care Conference on Tue-Thu, Credit Suisse Industrials Conference on Wed-Thu, Deal Economy Conference on Thu, Inside FinTech with Blockchain Agenda Conference on Thu.
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**Overnight U.S. Stock Movers**
*Ellie Mae (ELLI +2.31%) was rated a new 'Negative' at Susquehanna Financial with a price target of $53.
*Booking Holdings (BKNG +2.46%) was rated a new 'Outperform' at Telsey Advisory Group with a price target of $2,100.
*Veeva Systems (VEEV +8.91%) climbed more than 6% in after-hours trading after it reported Q3 adjusted EPS of 45 cents, above consensus of 38 cents, and then forecast full-year adjusted EPS of $1.58, higher than consensus of $1.48.
*Atmos Energy (ATO -0.80%) lost more than 2% in after-hours trading after it announced that it plans to make a public offering of $650 million of shares of its common stock.
*Pluralsight (PS +9.22%) was rated a new 'Outperform' at Baird with a price target of $28.
*Match Group (MTCH +4.94%) was rated a new 'Outperform' at Macquarie with a price target of $52.
*La-Z-Boy (LZB +3.59%) rallied 9% in after-hours trading after it reported Q2 sales of $439.3 million, better than consensus of $434.3 million.
*Williams Cos (WMB +1.40%) was rated a new 'Buy' at Mizuho Securities USA with a price target of $32.
*Guess? (GES +1.86%) dropped 8% in after-hours trading after it reported Q3 adjusted EPS of 13 cents, weaker than consensus of 16 cents, and then forecast full-year adjusted EPS of 96 cents to $1.03, the midpoint below consensus of $1.02.
*Tilly's (TLYS +2.07%) slumped more than 13% in after-hours trading after it reported Q3 net sales of $146.8 million, weaker than consensus of $149.7 million, and then forecast Q4 EPS of 22 cents to 26 cents, below consensus of 27 cents.
*Box Inc (BOX +4.48%) gained 2% in after-hours trading after it reported Q3 revenue of $155.9 million, higher than consensus of $154.8 million, and then forecast full-year revenue of $608.2 million to $609.2 million, above consensus of $607.5 million.
*Noodles & Co (NDLS +1.42%) fell nearly 3% in after-hours trading after it announced a secondary underwritten public offering of 5.58 million shares of its common stock via Morgan Stanley.
*Falcon Minerals (FLMN +1.86%) was rated a new 'Buy' at Citigroup with a price target of $11.
*ShiftPixy (PIXY +1.84%) jumped 10% in after-hours trading after it reported Q4 gross billing more than doubled to $73.4 million from $33.1 million y/y and rose +21.9% from Q3.
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**Market Comments**
*Dec S&P 500 E-minis (ESZ18 -0.22%) this morning are down -9.50 points (-0.35%). Wednesday's closes: S&P 500 +2.30%, Dow Jones +2.50%, Nasdaq 100 +3.17%. The S&P 500 on Wednesday rallied to a 1-week high and closed sharply higher on an upbeat forecast from Fed Chair Powell who said he and the FOMC are forecasting "continued solid growth, low employment and inflation near 2%," and on Mr. Powell's dovish comment that interest rates are "just below" the range of neutral policy, which fueled speculation the Fed is close to pausing its rate hike cycle. Stocks were undercut by the unexpected -8.9% decline in U.S. Oct new home sales to a 2-1/2 year low of 544,000, weaker than expectations of +4.0% to 575,000.
*Dec 10-year T-notes (ZNZ18 +0-045) this morning are up +5.5 ticks at a 2-1/2 month high. Wednesday's closes: TYZ8 +4.50, FVZ8 +3.25. Dec 10-year T-notes on Wednesday closed higher on the unexpected decline in U.S. Oct new home sales to a 2-1/2 year low, which is dovish for Fed policy and on dovish comments from Fed Chair Powell who said the fed funds rate is "just below" the neutral level, which bolstered speculation the Fed may be near the end of its rate hike cycle. T-note prices were undercut by reduced safe-haven demand with the sharp rally in the U.S. stock market.
*The dollar index (DXY00 +0.04%) this morning is up +0.133 (+0.14%), EUR/USD (^EURUSD +0.11%) is up +0.0008 (+0.07%), and USD/JPY (^USDJPY -0.31%) is down -0.34 (-0.30%). Wednesday's closes: Dollar Index -0.583 (-0.60%), EUR/USD +0.0077 (+0.68%), USD/JPY -0.11 (-0.10%). The dollar index on Wednesday fell back from a 2-week high and closed lower on Fed Chair Powell's dovish comment that the fed funds rate is "just below" the neutral range, which signals the Fed may be near the end of its rate-hike cycle. The dollar was also undercut by the unexpected decline in U.S. Oct new home sales to a 2-1/2 year low.
*Metals prices this morning are mixed with Dec gold (GCZ18 +0.21%) +0.1 (+0.01%), Dec silver (SIZ18 -0.45%) -0.110 (-0.77%), and Dec copper (HGZ18 -0.23%)-0.012 (-0.41%). Wednesday's closes: Dec Comex gold (GCZ18) on Wednesday closed up +10.20 an ounce (+0.84%) and Dec Comex silver (SIZ18) closed up +0.241 (+1.71%). Dec gold recovered from a 1-1/2 week low Wednesday and moved higher after the dollar index retreated from a 2-week high and closed lower. The dollar shed its gains and moved lower after Fed Chair Powell said the fed funds rate level was "just below" neutral, which signals the Fed may be close to pausing its interest rate increases. Fund buying of gold is also supporting prices after long gold positions in ETFs rose to a 3-3/4 month high Tuesday of 2,144 MT. On the negative side, the jump in the S&P 500 to a 1-week high reduces safe-haven demand for precious metals.
*Jan WTI crude oil prices (CLF19 +1.53%) this morning are down -28 cents (-0.56%) at a 13-1/2 month low and Jan gasoline (RBF19 +1.52%) is -0.47 (-0.34%). Wednesday's closes: Jan WTI crude oil (CLF19) on Wednesday closed down -$1.27 per barrel (-2.46%) and Jan Brent crude (CBF19) closed down -$1.45 (-2.41%). Jan RBOB gasoline (RBF19) closed down -2.56 cents a gallon (-1.82%). Crude prices moved lower Wednesday after EIA crude inventories unexpectedly rose +3.58 million bbl to a 1-year high, more than expectations of a -1.0 million bbl decline and the tenth consecutive weekly increase. Also, crude supplies at Cushing, the delivery point of WTI futures, rose +1.18 million bbl to a 6-month high. On the positive side, EIA gasoline inventories unexpectedly fell -764,000 bbl to an 11-month low, weaker than expectations of a +1.0 million bbl increase. Also, crude oil output in Russia declined as Russia Nov crude production of 11.0 million bpd was -40,000 bpd less than in Oct. Russian President Putin will meet Saudi Crown Prince Mohammed Bin Salam this weekend in Buenos Aires and may discuss oil markets before OPEC and its allies meet next week in Vienna. Market expectations are for OPEC+ to announce a cut of 1.1 million bpd in crude production. Crude prices plunged last week with Jan WTI crude slumping to a 13-month low Friday and Jan Brent crude dropping to a 1-year low on global oversupply concerns. Reports last week indicated that Saudi Arabian oil output has increased to a record 11.2 million bpd from 10.8-10.9 million bpd earlier in November.
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{==================================================}
*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!
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*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.
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*SHORT SELL*
THIS IS WHERE YOU SELL SHORT. THIS IS THE 1ST ENTRY PRICE TO GET SHORT.
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*ENTRY*
KEEP IN MIND THAT IF THIS FIELD IS BLANK THEN DO NOT BUY. SHORTS HAVE CONTROL OF THE MARKET AND THE SYSTEM IS STAYING FLAT. THE ONLY OPTION IS TO EITHER SELL SHORT IF THERE IS AN ENTRY PRICE INDICATED UNDER THE "SHORTSELL" COLUMN. OR STAY FLAT ON THE SIDELINES OR TIGHTEN UP THE STOP IF YOU ARE LONG. YOU CAN USE THE SHORTSELL ENTRY AS YOUR STOP LOSS ON OPEN LONGS.
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*SELLSTOP*
THIS ACTS AS YOUR "SELLSTOP" ON LONG POSITIONS. IF YOU BOUGHT SOMETHING THIS IS WERE YOU SELL IT TO GET OUT. THIS PRICE TRIGGER ALSO ACTS AS YOUR STOP & REVERSE TO GET SHORT WHEN STOPPED OUT OF LONG POSITIONS. THEREFORE THE SELLSTOP ALSO FUNCTIONS AS THE 2nd ENTRY PRICE TO GET SHORT.
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*Positive-Momentum Meaning*:
11 Positive Momentum
311 SWING TRADE POSITIVE (LONG POSITION SIGNAL)
411 Oversold. Positive Swing VIX (Bottoming)
911 Rally Alert
999 MOMENTUM SHIFT ALERT - (FROM NEUTRAL/BEARISH TO BULLISH)
****UPDATE****
THE POMOM & NEGMOM COLUMNS ARE YOUR RALLY & CRASH ALERT USED TO TIME THE ENTRY OF MARKETS. ALSO LOOK FOR THE "11" WHICH IS A LOCKED IN MOMENTUM IN THE MARKET. SO THE RALLY/CRASH ALERT COLUMN IS YOUR BUY/SELL ALERT SECTION. LIKEWISE, THE UPTREND/DOWNTREND COLUMNS TRACK THE MARKETS CURRENT TREND AND THE STRENGTH THEREIN. A READING OF "3" IS A LOCKED IN MATURE MARKET WITH PARABOLIC MOMENTUM. A READING OF "2" INDICATES A MATURE MARKET THAT IS GAINING STRENGTH. A READING OF "1" IS THE BEGINNING STAGES OF A TREND THAT IS DEVELOPING.
SO WHEN YOU SEE A RALLY/CRASH ALERT YOU SHOULD PLACE THE BUY ORDER AHEAD OF THE MARKET USING THE "ENTRY" COLUMN PRICE. USE THE "SELLSHORT" COLUMN PRICE TO PLACE SHORT TICKETS AHEAD OF THE MARKET. NOTE: YOU DO NOT HAVE TO WAIT FOR THE MARKET TO TRIGGER THE PRICE BEFORE PLACING TICKETS. ITS BEST TO PLACE THE TRADE ORDERS AHEAD OF THE MARKET AND LET THE MARKET COME TO YOU. JUST PLACE THE TICKETS, WAIT AND BE PATIENT AND ALLOW THE MARKET TO COME TO YOU............
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*Uptrend - Meaning*
*PULSEWAVE PRICE CYCLE TREND*
A.K.A "PWPCT"
0 - NO TREND
88 - KUMO CLOUD OF DEATH (CONSOLIDATED SIDEWAYS MARKET)
1 - STAGE ONE PWPCT - BULL MARKET UPTREND FORMING
2 - STAGE TWO PWPCT - STRENGTHENING BULL MARKET UPTREND
3 - STAGE THREE PWPCT - LOCKED IN BULL MARKET UPTREND W/STRONG MOMENTUM
****UPDATE****
THE POMOM & NEGMOM COLUMNS ARE YOUR RALLY & CRASH ALERT USED TO TIME THE ENTRY OF MARKETS. ALSO LOOK FOR THE "11" WHICH IS A LOCKED IN MOMENTUM IN THE MARKET. SO THE RALLY/CRASH ALERT COLUMN IS YOUR BUY/SELL ALERT SECTION. LIKEWISE, THE UPTREND/DOWNTREND COLUMNS TRACK THE MARKETS CURRENT TREND AND THE STRENGTH THEREIN. A READING OF "3" IS A LOCKED IN MATURE MARKET WITH PARABOLIC MOMENTUM. A READING OF "2" INDICATES A MATURE MARKET THAT IS GAINING STRENGTH. A READING OF "1" IS THE BEGINNING STAGES OF A TREND THAT IS DEVELOPING.
SO WHEN YOU SEE A RALLY/CRASH ALERT YOU SHOULD PLACE THE BUY ORDER AHEAD OF THE MARKET USING THE "ENTRY" COLUMN PRICE. USE THE "SELLSHORT" COLUMN PRICE TO PLACE SHORT TICKETS AHEAD OF THE MARKET. NOTE: YOU DO NOT HAVE TO WAIT FOR THE MARKET TO TRIGGER THE PRICE BEFORE PLACING TICKETS. ITS BEST TO PLACE THE TRADE ORDERS AHEAD OF THE MARKET AND LET THE MARKET COME TO YOU. JUST PLACE THE TICKETS, WAIT AND BE PATIENT AND ALLOW THE MARKET TO COME TO YOU............
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*Downtrend - Meaning*
*PULSEWAVE PRICE CYCLE TREND*
A.K.A "PWPCT"
0 - NO TREND
-88 - KUMO CLOUD OF DEATH (CONSOLIDATED SIDEWAYS MARKET)
-1 - STAGE ONE PWPCT - BEAR MARKET DOWNTREND FORMING
-2 - STAGE TWO PWPCT - STRENGTHENING BEAR MARKET DOWNTREND
-3 - STAGE THREE PWPCT - LOCKED IN BEAR MARKET DOWNTREND W/STRONG MOMENTUM
****UPDATE****
THE POMOM & NEGMOM COLUMNS ARE YOUR RALLY & CRASH ALERT USED TO TIME THE ENTRY OF MARKETS. ALSO LOOK FOR THE "11" WHICH IS A LOCKED IN MOMENTUM IN THE MARKET. SO THE RALLY/CRASH ALERT COLUMN IS YOUR BUY/SELL ALERT SECTION. LIKEWISE, THE UPTREND/DOWNTREND COLUMNS TRACK THE MARKETS CURRENT TREND AND THE STRENGTH THEREIN. A READING OF "3" IS A LOCKED IN MATURE MARKET WITH PARABOLIC MOMENTUM. A READING OF "2" INDICATES A MATURE MARKET THAT IS GAINING STRENGTH. A READING OF "1" IS THE BEGINNING STAGES OF A TREND THAT IS DEVELOPING.
SO WHEN YOU SEE A RALLY/CRASH ALERT YOU SHOULD PLACE THE BUY ORDER AHEAD OF THE MARKET USING THE "ENTRY" COLUMN PRICE. USE THE "SELLSHORT" COLUMN PRICE TO PLACE SHORT TICKETS AHEAD OF THE MARKET. NOTE: YOU DO NOT HAVE TO WAIT FOR THE MARKET TO TRIGGER THE PRICE BEFORE PLACING TICKETS. ITS BEST TO PLACE THE TRADE ORDERS AHEAD OF THE MARKET AND LET THE MARKET COME TO YOU. JUST PLACE THE TICKETS, WAIT AND BE PATIENT AND ALLOW THE MARKET TO COME TO YOU............
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*Negative-Momentum Meaning*:
-11 Negative Momentum
-311 SWING TRADE POSITIVE (SHORT POSITION SIGNAL)
-411 Overbought. Negative Swing VIX (Topping out)
-911 Crash Alert
-777 MOMENTUM SHIFT ALERT - (FROM NEUTRAL/BULLISH TO BEARISH)
****UPDATE****
THE POMOM & NEGMOM COLUMNS ARE YOUR RALLY & CRASH ALERT USED TO TIME THE ENTRY OF MARKETS. ALSO LOOK FOR THE "11" WHICH IS A LOCKED IN MOMENTUM IN THE MARKET. SO THE RALLY/CRASH ALERT COLUMN IS YOUR BUY/SELL ALERT SECTION. LIKEWISE, THE UPTREND/DOWNTREND COLUMNS TRACK THE MARKETS CURRENT TREND AND THE STRENGTH THEREIN. A READING OF "3" IS A LOCKED IN MATURE MARKET WITH PARABOLIC MOMENTUM. A READING OF "2" INDICATES A MATURE MARKET THAT IS GAINING STRENGTH. A READING OF "1" IS THE BEGINNING STAGES OF A TREND THAT IS DEVELOPING.
SO WHEN YOU SEE A RALLY/CRASH ALERT YOU SHOULD PLACE THE BUY ORDER AHEAD OF THE MARKET USING THE "ENTRY" COLUMN PRICE. USE THE "SELLSHORT" COLUMN PRICE TO PLACE SHORT TICKETS AHEAD OF THE MARKET. NOTE: YOU DO NOT HAVE TO WAIT FOR THE MARKET TO TRIGGER THE PRICE BEFORE PLACING TICKETS. ITS BEST TO PLACE THE TRADE ORDERS AHEAD OF THE MARKET AND LET THE MARKET COME TO YOU. JUST PLACE THE TICKETS, WAIT AND BE PATIENT AND ALLOW THE MARKET TO COME TO YOU............
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*MOMTRIG = STOP RUNNER*
THIS IS WHERE LARGE ORDERS AND INSTITUTIONAL MONEY WILL ENTER THE MARKET I.E. WHERE STOPS WILL BE RUN. THIS IS ALSO KNOWN AS "THE INTRADAY PRICE INFLECTION POINT".
*NOTE:*
THIS IS WHERE THE MARKET NEEDS TO CLOSE IN ORDER SO MAINTAIN THE CURRENT TREND OR SHIFT TRENDS.
IN A BEAR MARKET THIS IS WHERE THE MARKET NEEDS TO CLOSE ABOVE ON THE DAILY/WEEKLY CHART IN ORDER TO PUT IN A SHORT TERM BOTTOM.
IN A BULL MARKET THIS IS WHERE THE MARKET NEEDS TO CLOSE BELOW ON THE DAILY/WEEKLY CHART IN ORDER TO PUT IN A SHORT TERM TOP.
GREEN = POSSIBLE HEAVY BUYING AT PRICE INFLECTION POINT.
RED = POSSIBLE HEAVY SELLING AT PRICE INFLECTION POINT.
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*52 WEEK HIGH*
*THIS ACTS AS YOUR 2nd OPTION FOR INITIAL STOP-LOSS WHEN SHORTING*
*NOTE:*
THIS IS A SPECIFIC ALGO COLUMN THAT TAKES INTO ACCOUNT KEY RESISTANCE AREAS BASED ON BOTH DAILY AND WEEKLY CHARTS. HOWEVER, THE DIFFERENCE IS THAT THE SYSTEM LOOKS AT KEY INTRADAY DATA TO DETERMINE WHICH OF THE CURRENT KEY AREAS ARE MORE IMPORTANT SUCH AS 52 WEEK HIGH, 10 DAY HIGH AND INTRADAY PRICE INFLECTION POINTS. SO FOR EXAMPLE IF THE 52 WEEK HIGH IS MORE IMPORTANT THAN THE 5 DAY HIGH THEN THE 52 WEEK HIGH WILL GIVEN MORE WEIGHT.
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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 -0.22%) this morning are down -0.35% due to weakness in energy stocks as signs of oversupply pushes Jan WTI crude oil (CLF19 +1.53%) down -0.56% to a 13-1/2 month low. U.S. crude inventories on Wednesday unexpectedly rose for a tenth consecutive week to a 1-year high and Russian President Putin said oil prices at $60 a barrel is "absolutely fine." European stocks moved higher on signs of economic strength and are up +0.28% after German unemployment unexpectedly fell to a record low of 5.0% and Eurozone Nov economic confidence fell less than expected. Gains in European stocks were limited as Deutsche Bank fell -3% after prosecutors raided the company's headquarters in Frankfurt in a money-laundering probe. Asian stocks settled mostly higher: Japan +0.39%, Hong Kong -0.87%, China -1.32%, Taiwan +0.01%, Australia +0.58%, Singapore +0.48%, South Korea +0.26%, India +1.27%. Chinese stocks erased an early rally and closed lower on trade concerns ahead of Saturday's meeting between U.S. President Trump and China's President Xi Jinping. Japan's Nikkei Stock Index climbed to a 2-1/2 week high on signs of economic strength after Japan Oct retail sales rose more than expected.
*The dollar index (DXY00 +0.04%) is up +0.14%. EUR/USD (^EURUSD +0.11%) is up +0.07%. USD/JPY (^USDJPY -0.31%) is down -0.30%.
*Dec 10-year T-note prices (ZNZ18 +0-045) are up +5.5 ticks at a 2-1/2 month high on positive carry-over from Wednesday's speech from Fed Chair Powell who opened the door for a potential pullback in rate hikes next year after he said rates are "just below" the range of neutral estimates.
*Eurozone Nov economic confidence fell -0.2 to 109.5, stronger than expectations of -0.7 to 109.1 but still a 1-1/2 year low. The Nov business climate indicator unexpectedly rose +1.08 to 1.09, stronger than expectations of -0.05 to 0.96.
*German Nov unemployment change fell -16,000, stronger than expectations of -10,000. The Nov unemployment rate unexpected fell -0.1 to 5.0%, stronger than expectations of no change at 5.1% and the lowest since German reunification in 1990.
*UK Oct net consumer credit rose +0.9 billion pounds, weaker than expectations of +1.0 billion pounds.
*UK Oct mortgage approvals rose 67,100, stronger than expectations of 64,600 and the most in 9 months.
*Japan Oct retail sales rose +1.2% m/m, stronger than expectations of +0.4% m/m.
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**U.S. Stock Preview**
*Key U.S. news today includes: (1) weekly initial unemployment claims (expected -4,000 to 220,000, previous +3,000 to 224,000) and continuing claims (expected -5,000 to 1.663 million, previous -2,000 to 1.668 million), (2) Oct personal spending (expected +0.4%, Sep +0.4%) and Oct personal income (expected +0.4%, Sep +0.2%), (3) Oct PCE deflator (expected +0.2% m/m and +2.1% y/y, Sep +0.1% m/m and +2.0% y/y) and Oct core PCE deflator (expected +0.2% m/m and +1.9% y/y, Sep +0.2% m/m and +2.0% y/y), (4) Oct pending home sales (expected +0.5% m/m and -2.8% y/y, Sep +0.5% m/m and -3.4% y/y), (5) minutes of the Nov 7-8 FOMC meeting, (6) Cleveland Fed President Loretta Mester (voter), Chicago Fed President Charles Evans (non-voter), Philadelphia Fed President Patrick Harker (non-voter), Minneapolis Fed President Neel Kashkari (non-voter) and Dallas Fed President Robert Kaplan (non-voter) participate at a Boston Fed Conference on “Collaboration for Inclusive Economic Development.”
*Notable Russell 1000 earnings reports today include: HP (consensus $0.54), VMware (1.50), Dollar Tree (1.14), Dell Technologies Class V (1.50), Palo Alto Networks (1.05).
*U.S. IPO's scheduled to price today: none.
*Equity conferences during the remainder of this week: Piper Jaffray Health Care Conference on Tue-Thu, Credit Suisse Industrials Conference on Wed-Thu, Deal Economy Conference on Thu, Inside FinTech with Blockchain Agenda Conference on Thu.
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**Overnight U.S. Stock Movers**
*Ellie Mae (ELLI +2.31%) was rated a new 'Negative' at Susquehanna Financial with a price target of $53.
*Booking Holdings (BKNG +2.46%) was rated a new 'Outperform' at Telsey Advisory Group with a price target of $2,100.
*Veeva Systems (VEEV +8.91%) climbed more than 6% in after-hours trading after it reported Q3 adjusted EPS of 45 cents, above consensus of 38 cents, and then forecast full-year adjusted EPS of $1.58, higher than consensus of $1.48.
*Atmos Energy (ATO -0.80%) lost more than 2% in after-hours trading after it announced that it plans to make a public offering of $650 million of shares of its common stock.
*Pluralsight (PS +9.22%) was rated a new 'Outperform' at Baird with a price target of $28.
*Match Group (MTCH +4.94%) was rated a new 'Outperform' at Macquarie with a price target of $52.
*La-Z-Boy (LZB +3.59%) rallied 9% in after-hours trading after it reported Q2 sales of $439.3 million, better than consensus of $434.3 million.
*Williams Cos (WMB +1.40%) was rated a new 'Buy' at Mizuho Securities USA with a price target of $32.
*Guess? (GES +1.86%) dropped 8% in after-hours trading after it reported Q3 adjusted EPS of 13 cents, weaker than consensus of 16 cents, and then forecast full-year adjusted EPS of 96 cents to $1.03, the midpoint below consensus of $1.02.
*Tilly's (TLYS +2.07%) slumped more than 13% in after-hours trading after it reported Q3 net sales of $146.8 million, weaker than consensus of $149.7 million, and then forecast Q4 EPS of 22 cents to 26 cents, below consensus of 27 cents.
*Box Inc (BOX +4.48%) gained 2% in after-hours trading after it reported Q3 revenue of $155.9 million, higher than consensus of $154.8 million, and then forecast full-year revenue of $608.2 million to $609.2 million, above consensus of $607.5 million.
*Noodles & Co (NDLS +1.42%) fell nearly 3% in after-hours trading after it announced a secondary underwritten public offering of 5.58 million shares of its common stock via Morgan Stanley.
*Falcon Minerals (FLMN +1.86%) was rated a new 'Buy' at Citigroup with a price target of $11.
*ShiftPixy (PIXY +1.84%) jumped 10% in after-hours trading after it reported Q4 gross billing more than doubled to $73.4 million from $33.1 million y/y and rose +21.9% from Q3.
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**Market Comments**
*Dec S&P 500 E-minis (ESZ18 -0.22%) this morning are down -9.50 points (-0.35%). Wednesday's closes: S&P 500 +2.30%, Dow Jones +2.50%, Nasdaq 100 +3.17%. The S&P 500 on Wednesday rallied to a 1-week high and closed sharply higher on an upbeat forecast from Fed Chair Powell who said he and the FOMC are forecasting "continued solid growth, low employment and inflation near 2%," and on Mr. Powell's dovish comment that interest rates are "just below" the range of neutral policy, which fueled speculation the Fed is close to pausing its rate hike cycle. Stocks were undercut by the unexpected -8.9% decline in U.S. Oct new home sales to a 2-1/2 year low of 544,000, weaker than expectations of +4.0% to 575,000.
*Dec 10-year T-notes (ZNZ18 +0-045) this morning are up +5.5 ticks at a 2-1/2 month high. Wednesday's closes: TYZ8 +4.50, FVZ8 +3.25. Dec 10-year T-notes on Wednesday closed higher on the unexpected decline in U.S. Oct new home sales to a 2-1/2 year low, which is dovish for Fed policy and on dovish comments from Fed Chair Powell who said the fed funds rate is "just below" the neutral level, which bolstered speculation the Fed may be near the end of its rate hike cycle. T-note prices were undercut by reduced safe-haven demand with the sharp rally in the U.S. stock market.
*The dollar index (DXY00 +0.04%) this morning is up +0.133 (+0.14%), EUR/USD (^EURUSD +0.11%) is up +0.0008 (+0.07%), and USD/JPY (^USDJPY -0.31%) is down -0.34 (-0.30%). Wednesday's closes: Dollar Index -0.583 (-0.60%), EUR/USD +0.0077 (+0.68%), USD/JPY -0.11 (-0.10%). The dollar index on Wednesday fell back from a 2-week high and closed lower on Fed Chair Powell's dovish comment that the fed funds rate is "just below" the neutral range, which signals the Fed may be near the end of its rate-hike cycle. The dollar was also undercut by the unexpected decline in U.S. Oct new home sales to a 2-1/2 year low.
*Metals prices this morning are mixed with Dec gold (GCZ18 +0.21%) +0.1 (+0.01%), Dec silver (SIZ18 -0.45%) -0.110 (-0.77%), and Dec copper (HGZ18 -0.23%)-0.012 (-0.41%). Wednesday's closes: Dec Comex gold (GCZ18) on Wednesday closed up +10.20 an ounce (+0.84%) and Dec Comex silver (SIZ18) closed up +0.241 (+1.71%). Dec gold recovered from a 1-1/2 week low Wednesday and moved higher after the dollar index retreated from a 2-week high and closed lower. The dollar shed its gains and moved lower after Fed Chair Powell said the fed funds rate level was "just below" neutral, which signals the Fed may be close to pausing its interest rate increases. Fund buying of gold is also supporting prices after long gold positions in ETFs rose to a 3-3/4 month high Tuesday of 2,144 MT. On the negative side, the jump in the S&P 500 to a 1-week high reduces safe-haven demand for precious metals.
*Jan WTI crude oil prices (CLF19 +1.53%) this morning are down -28 cents (-0.56%) at a 13-1/2 month low and Jan gasoline (RBF19 +1.52%) is -0.47 (-0.34%). Wednesday's closes: Jan WTI crude oil (CLF19) on Wednesday closed down -$1.27 per barrel (-2.46%) and Jan Brent crude (CBF19) closed down -$1.45 (-2.41%). Jan RBOB gasoline (RBF19) closed down -2.56 cents a gallon (-1.82%). Crude prices moved lower Wednesday after EIA crude inventories unexpectedly rose +3.58 million bbl to a 1-year high, more than expectations of a -1.0 million bbl decline and the tenth consecutive weekly increase. Also, crude supplies at Cushing, the delivery point of WTI futures, rose +1.18 million bbl to a 6-month high. On the positive side, EIA gasoline inventories unexpectedly fell -764,000 bbl to an 11-month low, weaker than expectations of a +1.0 million bbl increase. Also, crude oil output in Russia declined as Russia Nov crude production of 11.0 million bpd was -40,000 bpd less than in Oct. Russian President Putin will meet Saudi Crown Prince Mohammed Bin Salam this weekend in Buenos Aires and may discuss oil markets before OPEC and its allies meet next week in Vienna. Market expectations are for OPEC+ to announce a cut of 1.1 million bpd in crude production. Crude prices plunged last week with Jan WTI crude slumping to a 13-month low Friday and Jan Brent crude dropping to a 1-year low on global oversupply concerns. Reports last week indicated that Saudi Arabian oil output has increased to a record 11.2 million bpd from 10.8-10.9 million bpd earlier in November.
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{==================================================}
*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!
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*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.
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*SHORT SELL*
THIS IS WHERE YOU SELL SHORT. THIS IS THE 1ST ENTRY PRICE TO GET SHORT.
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*ENTRY*
KEEP IN MIND THAT IF THIS FIELD IS BLANK THEN DO NOT BUY. SHORTS HAVE CONTROL OF THE MARKET AND THE SYSTEM IS STAYING FLAT. THE ONLY OPTION IS TO EITHER SELL SHORT IF THERE IS AN ENTRY PRICE INDICATED UNDER THE "SHORTSELL" COLUMN. OR STAY FLAT ON THE SIDELINES OR TIGHTEN UP THE STOP IF YOU ARE LONG. YOU CAN USE THE SHORTSELL ENTRY AS YOUR STOP LOSS ON OPEN LONGS.
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*SELLSTOP*
THIS ACTS AS YOUR "SELLSTOP" ON LONG POSITIONS. IF YOU BOUGHT SOMETHING THIS IS WERE YOU SELL IT TO GET OUT. THIS PRICE TRIGGER ALSO ACTS AS YOUR STOP & REVERSE TO GET SHORT WHEN STOPPED OUT OF LONG POSITIONS. THEREFORE THE SELLSTOP ALSO FUNCTIONS AS THE 2nd ENTRY PRICE TO GET SHORT.
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*Positive-Momentum Meaning*:
11 Positive Momentum
311 SWING TRADE POSITIVE (LONG POSITION SIGNAL)
411 Oversold. Positive Swing VIX (Bottoming)
911 Rally Alert
999 MOMENTUM SHIFT ALERT - (FROM NEUTRAL/BEARISH TO BULLISH)
****UPDATE****
THE POMOM & NEGMOM COLUMNS ARE YOUR RALLY & CRASH ALERT USED TO TIME THE ENTRY OF MARKETS. ALSO LOOK FOR THE "11" WHICH IS A LOCKED IN MOMENTUM IN THE MARKET. SO THE RALLY/CRASH ALERT COLUMN IS YOUR BUY/SELL ALERT SECTION. LIKEWISE, THE UPTREND/DOWNTREND COLUMNS TRACK THE MARKETS CURRENT TREND AND THE STRENGTH THEREIN. A READING OF "3" IS A LOCKED IN MATURE MARKET WITH PARABOLIC MOMENTUM. A READING OF "2" INDICATES A MATURE MARKET THAT IS GAINING STRENGTH. A READING OF "1" IS THE BEGINNING STAGES OF A TREND THAT IS DEVELOPING.
SO WHEN YOU SEE A RALLY/CRASH ALERT YOU SHOULD PLACE THE BUY ORDER AHEAD OF THE MARKET USING THE "ENTRY" COLUMN PRICE. USE THE "SELLSHORT" COLUMN PRICE TO PLACE SHORT TICKETS AHEAD OF THE MARKET. NOTE: YOU DO NOT HAVE TO WAIT FOR THE MARKET TO TRIGGER THE PRICE BEFORE PLACING TICKETS. ITS BEST TO PLACE THE TRADE ORDERS AHEAD OF THE MARKET AND LET THE MARKET COME TO YOU. JUST PLACE THE TICKETS, WAIT AND BE PATIENT AND ALLOW THE MARKET TO COME TO YOU............
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*Uptrend - Meaning*
*PULSEWAVE PRICE CYCLE TREND*
A.K.A "PWPCT"
0 - NO TREND
88 - KUMO CLOUD OF DEATH (CONSOLIDATED SIDEWAYS MARKET)
1 - STAGE ONE PWPCT - BULL MARKET UPTREND FORMING
2 - STAGE TWO PWPCT - STRENGTHENING BULL MARKET UPTREND
3 - STAGE THREE PWPCT - LOCKED IN BULL MARKET UPTREND W/STRONG MOMENTUM
****UPDATE****
THE POMOM & NEGMOM COLUMNS ARE YOUR RALLY & CRASH ALERT USED TO TIME THE ENTRY OF MARKETS. ALSO LOOK FOR THE "11" WHICH IS A LOCKED IN MOMENTUM IN THE MARKET. SO THE RALLY/CRASH ALERT COLUMN IS YOUR BUY/SELL ALERT SECTION. LIKEWISE, THE UPTREND/DOWNTREND COLUMNS TRACK THE MARKETS CURRENT TREND AND THE STRENGTH THEREIN. A READING OF "3" IS A LOCKED IN MATURE MARKET WITH PARABOLIC MOMENTUM. A READING OF "2" INDICATES A MATURE MARKET THAT IS GAINING STRENGTH. A READING OF "1" IS THE BEGINNING STAGES OF A TREND THAT IS DEVELOPING.
SO WHEN YOU SEE A RALLY/CRASH ALERT YOU SHOULD PLACE THE BUY ORDER AHEAD OF THE MARKET USING THE "ENTRY" COLUMN PRICE. USE THE "SELLSHORT" COLUMN PRICE TO PLACE SHORT TICKETS AHEAD OF THE MARKET. NOTE: YOU DO NOT HAVE TO WAIT FOR THE MARKET TO TRIGGER THE PRICE BEFORE PLACING TICKETS. ITS BEST TO PLACE THE TRADE ORDERS AHEAD OF THE MARKET AND LET THE MARKET COME TO YOU. JUST PLACE THE TICKETS, WAIT AND BE PATIENT AND ALLOW THE MARKET TO COME TO YOU............
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*Downtrend - Meaning*
*PULSEWAVE PRICE CYCLE TREND*
A.K.A "PWPCT"
0 - NO TREND
-88 - KUMO CLOUD OF DEATH (CONSOLIDATED SIDEWAYS MARKET)
-1 - STAGE ONE PWPCT - BEAR MARKET DOWNTREND FORMING
-2 - STAGE TWO PWPCT - STRENGTHENING BEAR MARKET DOWNTREND
-3 - STAGE THREE PWPCT - LOCKED IN BEAR MARKET DOWNTREND W/STRONG MOMENTUM
****UPDATE****
THE POMOM & NEGMOM COLUMNS ARE YOUR RALLY & CRASH ALERT USED TO TIME THE ENTRY OF MARKETS. ALSO LOOK FOR THE "11" WHICH IS A LOCKED IN MOMENTUM IN THE MARKET. SO THE RALLY/CRASH ALERT COLUMN IS YOUR BUY/SELL ALERT SECTION. LIKEWISE, THE UPTREND/DOWNTREND COLUMNS TRACK THE MARKETS CURRENT TREND AND THE STRENGTH THEREIN. A READING OF "3" IS A LOCKED IN MATURE MARKET WITH PARABOLIC MOMENTUM. A READING OF "2" INDICATES A MATURE MARKET THAT IS GAINING STRENGTH. A READING OF "1" IS THE BEGINNING STAGES OF A TREND THAT IS DEVELOPING.
SO WHEN YOU SEE A RALLY/CRASH ALERT YOU SHOULD PLACE THE BUY ORDER AHEAD OF THE MARKET USING THE "ENTRY" COLUMN PRICE. USE THE "SELLSHORT" COLUMN PRICE TO PLACE SHORT TICKETS AHEAD OF THE MARKET. NOTE: YOU DO NOT HAVE TO WAIT FOR THE MARKET TO TRIGGER THE PRICE BEFORE PLACING TICKETS. ITS BEST TO PLACE THE TRADE ORDERS AHEAD OF THE MARKET AND LET THE MARKET COME TO YOU. JUST PLACE THE TICKETS, WAIT AND BE PATIENT AND ALLOW THE MARKET TO COME TO YOU............
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*Negative-Momentum Meaning*:
-11 Negative Momentum
-311 SWING TRADE POSITIVE (SHORT POSITION SIGNAL)
-411 Overbought. Negative Swing VIX (Topping out)
-911 Crash Alert
-777 MOMENTUM SHIFT ALERT - (FROM NEUTRAL/BULLISH TO BEARISH)
****UPDATE****
THE POMOM & NEGMOM COLUMNS ARE YOUR RALLY & CRASH ALERT USED TO TIME THE ENTRY OF MARKETS. ALSO LOOK FOR THE "11" WHICH IS A LOCKED IN MOMENTUM IN THE MARKET. SO THE RALLY/CRASH ALERT COLUMN IS YOUR BUY/SELL ALERT SECTION. LIKEWISE, THE UPTREND/DOWNTREND COLUMNS TRACK THE MARKETS CURRENT TREND AND THE STRENGTH THEREIN. A READING OF "3" IS A LOCKED IN MATURE MARKET WITH PARABOLIC MOMENTUM. A READING OF "2" INDICATES A MATURE MARKET THAT IS GAINING STRENGTH. A READING OF "1" IS THE BEGINNING STAGES OF A TREND THAT IS DEVELOPING.
SO WHEN YOU SEE A RALLY/CRASH ALERT YOU SHOULD PLACE THE BUY ORDER AHEAD OF THE MARKET USING THE "ENTRY" COLUMN PRICE. USE THE "SELLSHORT" COLUMN PRICE TO PLACE SHORT TICKETS AHEAD OF THE MARKET. NOTE: YOU DO NOT HAVE TO WAIT FOR THE MARKET TO TRIGGER THE PRICE BEFORE PLACING TICKETS. ITS BEST TO PLACE THE TRADE ORDERS AHEAD OF THE MARKET AND LET THE MARKET COME TO YOU. JUST PLACE THE TICKETS, WAIT AND BE PATIENT AND ALLOW THE MARKET TO COME TO YOU............
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*MOMTRIG = STOP RUNNER*
THIS IS WHERE LARGE ORDERS AND INSTITUTIONAL MONEY WILL ENTER THE MARKET I.E. WHERE STOPS WILL BE RUN. THIS IS ALSO KNOWN AS "THE INTRADAY PRICE INFLECTION POINT".
*NOTE:*
THIS IS WHERE THE MARKET NEEDS TO CLOSE IN ORDER SO MAINTAIN THE CURRENT TREND OR SHIFT TRENDS.
IN A BEAR MARKET THIS IS WHERE THE MARKET NEEDS TO CLOSE ABOVE ON THE DAILY/WEEKLY CHART IN ORDER TO PUT IN A SHORT TERM BOTTOM.
IN A BULL MARKET THIS IS WHERE THE MARKET NEEDS TO CLOSE BELOW ON THE DAILY/WEEKLY CHART IN ORDER TO PUT IN A SHORT TERM TOP.
GREEN = POSSIBLE HEAVY BUYING AT PRICE INFLECTION POINT.
RED = POSSIBLE HEAVY SELLING AT PRICE INFLECTION POINT.
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*52 WEEK HIGH*
*THIS ACTS AS YOUR 2nd OPTION FOR INITIAL STOP-LOSS WHEN SHORTING*
*NOTE:*
THIS IS A SPECIFIC ALGO COLUMN THAT TAKES INTO ACCOUNT KEY RESISTANCE AREAS BASED ON BOTH DAILY AND WEEKLY CHARTS. HOWEVER, THE DIFFERENCE IS THAT THE SYSTEM LOOKS AT KEY INTRADAY DATA TO DETERMINE WHICH OF THE CURRENT KEY AREAS ARE MORE IMPORTANT SUCH AS 52 WEEK HIGH, 10 DAY HIGH AND INTRADAY PRICE INFLECTION POINTS. SO FOR EXAMPLE IF THE 52 WEEK HIGH IS MORE IMPORTANT THAN THE 5 DAY HIGH THEN THE 52 WEEK HIGH WILL GIVEN MORE WEIGHT.
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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"!!
