**Overnight Markets and News**
*Dec E-mini S&Ps (ESZ18 -0.28%) this morning are down -0.21% and European stocks are down -0.38% in muted trading activity as markets await the results of today's U.S. midterm elections. The markets expect the Republican party to maintain a majority in the Senate but lose their majority in the House of Representatives. Any other scenario may boost volatility and fuel sudden moves in the market. European stocks were also weighed down after Eurozone Sep producer prices rose more than expected at the fastest annual rate in 6-3/4 years, which may push the ECB to tighten monetary policy sooner than expected. Asian stocks settled mixed: Japan +1.14%, Hong Kong +0.72%, China -0.23%, Taiwan -0.66%, Australia +0.98%, Singapore closed for holiday, South Korea 0.56%, India +0.12%. Japanese stocks rallied, led by gains in Toyota Motor, after it boosted its operating profit outlook and said it will buy back up to 250 billion yen ($3.3 billion) of its own stock. Chinese stocks closed lower but recovered most of its losses late in the session after Chinese Premier Li Keqiang said Chine will open up its financial industry "as early as possible."
*The dollar index (DXY00 +0.03%) is up +0.05%. EUR/USD (^EURUSD +0.09%) is up +0.05%. USD/JPY (^USDJPY unch) is down -0.02%.
*Dec 10-year T-note prices (ZNZ18 +0-015) are up +2 ticks.
*The Eurozone Oct Markit composite PMI was revised upward to 53.1 from the originally reported 52.7, still the slowest pace of expansion in 2 years.
*Eurozone Sep PPI rose +0.5% m/m and +4.5% y/y, stronger than expectations of +0.4% m/m and +4.3% y/y with the +4.5% y/y gain the largest year-on-year increase in 6-3/4 years.
*German Sep factory orders unexpectedly rose +0.3% m/m, stronger than expectations of -0.5% m/m.
*Japan Sep household spending unexpectedly fell -1.6% y/y, weaker than expectations of +1.5% y/y.
--------------------------------------------------------------
**U.S. Stock Preview**
*Key U.S. news today includes: (1) Sep JOLTS job openings (expected -51,000 to 7.085 million, Aug +59,000 to 7.136 million), (2) Treasury auctions $27 billion of 10-year T-notes.
*Notable S&P 500 earnings reports today include: CVS Health (consensus $1.71), Emerson Electric (0.90), Eli Lilly (1.35), Martin Marietta (2.82), Regeneron (5.11), Air Products (1.99), Assurant (1.07), Devon Energy (0.41), Alliant Energy (0.84), Ralph Lauren (2.15).
*U.S. IPO's scheduled to price today: CNFinance (CNF).
*Equity conferences during the remainder of this week: Bank of America Merrill Lynch Future of Financials Conference on Mon-Tue, Global AI & Future Tech Conference on Tue, Robert W. Baird Industrial Conference on Tue-Thu, National Association of Real Estate Investment Trusts REIT World Convention on Wed-Thu.
--------------------------------------------------------------
**Overnight U.S. Stock Movers**
*Marriot International (MAR -0.21%) slid more than 5% in after-hours trading after it cut its Q4 North America revpar estimate to an increase of about 1%, below an August 6 forecast of up +1.5% to +2.0%.
*RingCentral (RNG -2.66%) rose 5% in after-hours trading after it reported Q3 revenue of $173.8 million, better than consensus of $166.1 million, and then forecast Q4 revenue of $179 million to $182 million, above consensus of $175.7 million.
*Mylan NV (MYL -0.98%) climbed nearly 6% in after-hours trading after it reported Q3 adjusted EPS of $1.25, higher than consensus of $1.18.
*Resolute Energy (REN +2.15%) lost more than 3% in after-hours trading after it reported an unexpected Q3 loss of -70 cents per share, well below consensus of an EPS gain of 70 cents.
*Avis Budget Group (CAR +2.92%) fell 4% in after-hours trading after it reported Q3 net revenue of $2.78 billion, weaker than consensus of $2.81 billion, and then forecast full-year revenue of $9.10 billion to $9.20 billion, the midpoint below consensus of $9.17 billion.
*Mosaic (MOS +0.97%) rose 3% in after-hours trading after it reported Q3 adjusted EPS of 75 cents, above consensus of 65 cents, and then forecast full-year adjusted EPS of $1.80 to $2.00, better than consensus of $1.77.
*Andersons (ANDE +0.93%) fell nearly 3% in after-hours trading after it reported an unexpected Q3 loss of -7 cents per share, weaker than consensus of an EPS gain of 16 cents.
*Fabrinet (FN -2.90%) rallied almost 12% in after-hours trading after it reported Q1 revenue of $377.2 million, above consensus of $352.4 million, and then forecast Q2 revenue of $380 million to $388 million, stronger than consensus of $366 million.
*Fiesta Restaurant Group (FRGI -2.35%) slid more than 4% in after-hours trading after it reported Q3 adjusted EPS of 11 cents, well below consensus of 19 cents.
*Allegheny Technologies (ATI +0.84%) was upgraded to 'Buy' from 'Neutral' at Longbow Research with a price target of $34.
*Tenet Healthcare (THC +0.11%) fell 5% in after-hours trading after it forecast full-year adjusted EPS of $1.44 to $1.83, the midpoint below consensus of $1.74.
*elf Beauty (ELF +2.12%) surged over 18% in after-hours trading after it reported Q3 adjusted EPS of 17 cents, well above consensus of 7 cents, and then forecast full-year adjusted EPS of 59 cents to 61 cents, higher than consensus of 56 cents.
*Dynavax Technologies (DVAX -2.46%) dropped 7% in after-hours trading after it reported a Q3 loss of -65 cents a share, wider than consensus for a loss of -57 cents.
*Kosmos Energy Ltd (KOS -3.23%) was upgraded to 'Buy' from 'Neutral' at Goldman Sachs with a price target of $9.
-----------------------------------------------------------------
**Market Comments**
*Dec S&P 500 E-minis (ESZ18 -0.28%) this morning are down -5.75 points (-0.21%). Monday's closes: S&P 500 +0.56%, Dow Jones +0.76%, Nasdaq 100 -0.40%. The S&P 500 on Monday closed higher on the -1.3 point decline in the U.S. Oct ISM non-manufacturing PMI to 60.6, stronger than expectations of -2.6 to 59.0. Stocks were undercut by a slump in technology stocks and reduced hopes for an imminent U.S.-China trade deal after White House economic adviser Kudlow downplayed the potential for a quick deal and Chinese President Xi Jinping refrained from mentioning a deal in a key speech he made on Monday.
*Dec 10-year T-notes (ZNZ18 +0-015) this morning are up +2 ticks. Monday's closes: TYZ8 +3.00, FVZ8 +1.50. Dec 10-year T-notes on Monday closed higher on uncertainty about Tuesday's mid-term election and concern the U.S.-China trade rift will continue and depress global growth after White House economic adviser Kudlow downplayed the potential for a quick trade deal with China.
*The dollar index (DXY00 +0.03%) this morning is up +0.05 (+0.05%), EUR/USD (^EURUSD +0.09%) is up +0.0006 (+0.05%), and USD/JPY (^USDJPY unch) is down -0.02 (-0.02%). Monday's closes: Dollar Index -0.202 (-0.21%), EUR/USD +0.0019 (+0.17%), USD/JPY -0.01 (-0.01%). The dollar index on Monday closed lower on strength in GBP/USD which rallied to a 2-week high on optimism for a Brexit deal after the London Times reported that UK Prime Minister May secured concessions from Brussels to let her keep all of the UK in a customs union with the European Union. The dollar was also undercut by the decline in T-note yields, which weakened the dollar's interest rate differentials.
*Metals prices this morning are higher with Dec gold (GCZ18 +0.34%) +5.0 (+0.41%), Dec silver (SIZ18 +0.23%) +0.048 (+0.33%), and Dec copper (HGZ18 unch) +0.004 (+0.15%). Dec Comex gold (GCZ18) on Monday closed down -$1.00 (-0.08%) per ounce and Dec Comex silver (SIZ18) closed down -0.109 (-0.74%). A rally in the S&P 500 on Monday weighed on gold and silver prices as the stock rally undercut safe-haven demand for precious metals. Signs of weakness in global gold demand also weighed on gold after India Oct gold imports slumped -42% to 38.8 MT. A bearish factor for silver prices was fund selling as long silver positions in ETFs fell to a 2-1/4 month low of 529.359 million troy ounces last Friday. Silver prices were also weighed down by reduced optimism for an imminent U.S.-China trade deal after Chinese President Xi Jinping failed to mention anything about a trade deal when he spoke Monday at a major business conference in China. A weaker dollar on Monday kept losses in gold and silver to a minimum.
*Dec WTI crude oil prices (CLZ18 -0.63%) this morning are down -42 cents (-0.67%) and Dec gasoline (RBZ18 -0.67%) is down -1.34 cents (-0.79%). Dec WTI crude oil (CLZ18) on Monday closed down -4 cents (-0.06%) per barrel and Jan Brent crude (CBF19) closed down -9 cents (-0.12%). Dec RBOB gasoline (RBZ18) closed down by -1.64 cents per gallon (-0.96%). Dec WTI crude oil on Monday sold off to a fresh 6-3/4 month low as global oil supply concerns eased. U.S. sanctions on Iran began Monday, but the U.S. has allowed eight countries to continue importing Iranian crude oil. The sanction waivers mean that Iranian crude oil exports may not fall as much as earlier expected. Iranian oil exports have so far fallen by about 35%. The outlook for an increase in U.S. crude supplies also weighed on oil prices as Wednesday's EIA crude inventory data is expected to show a +2.0 million bbl increase in U.S. crude stockpiles. Crude oil and gasoline on Monday found underlying support from the lower dollar and from the stronger than expected U.S. Oct non-manufacturing index (-1.3 to 60.6 vs. expectations of -2.6 to 59.0), which was a supportive indicator for energy demand.
{==================================================}
*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 -0.28%) this morning are down -0.21% and European stocks are down -0.38% in muted trading activity as markets await the results of today's U.S. midterm elections. The markets expect the Republican party to maintain a majority in the Senate but lose their majority in the House of Representatives. Any other scenario may boost volatility and fuel sudden moves in the market. European stocks were also weighed down after Eurozone Sep producer prices rose more than expected at the fastest annual rate in 6-3/4 years, which may push the ECB to tighten monetary policy sooner than expected. Asian stocks settled mixed: Japan +1.14%, Hong Kong +0.72%, China -0.23%, Taiwan -0.66%, Australia +0.98%, Singapore closed for holiday, South Korea 0.56%, India +0.12%. Japanese stocks rallied, led by gains in Toyota Motor, after it boosted its operating profit outlook and said it will buy back up to 250 billion yen ($3.3 billion) of its own stock. Chinese stocks closed lower but recovered most of its losses late in the session after Chinese Premier Li Keqiang said Chine will open up its financial industry "as early as possible."
*The dollar index (DXY00 +0.03%) is up +0.05%. EUR/USD (^EURUSD +0.09%) is up +0.05%. USD/JPY (^USDJPY unch) is down -0.02%.
*Dec 10-year T-note prices (ZNZ18 +0-015) are up +2 ticks.
*The Eurozone Oct Markit composite PMI was revised upward to 53.1 from the originally reported 52.7, still the slowest pace of expansion in 2 years.
*Eurozone Sep PPI rose +0.5% m/m and +4.5% y/y, stronger than expectations of +0.4% m/m and +4.3% y/y with the +4.5% y/y gain the largest year-on-year increase in 6-3/4 years.
*German Sep factory orders unexpectedly rose +0.3% m/m, stronger than expectations of -0.5% m/m.
*Japan Sep household spending unexpectedly fell -1.6% y/y, weaker than expectations of +1.5% y/y.
--------------------------------------------------------------
**U.S. Stock Preview**
*Key U.S. news today includes: (1) Sep JOLTS job openings (expected -51,000 to 7.085 million, Aug +59,000 to 7.136 million), (2) Treasury auctions $27 billion of 10-year T-notes.
*Notable S&P 500 earnings reports today include: CVS Health (consensus $1.71), Emerson Electric (0.90), Eli Lilly (1.35), Martin Marietta (2.82), Regeneron (5.11), Air Products (1.99), Assurant (1.07), Devon Energy (0.41), Alliant Energy (0.84), Ralph Lauren (2.15).
*U.S. IPO's scheduled to price today: CNFinance (CNF).
*Equity conferences during the remainder of this week: Bank of America Merrill Lynch Future of Financials Conference on Mon-Tue, Global AI & Future Tech Conference on Tue, Robert W. Baird Industrial Conference on Tue-Thu, National Association of Real Estate Investment Trusts REIT World Convention on Wed-Thu.
--------------------------------------------------------------
**Overnight U.S. Stock Movers**
*Marriot International (MAR -0.21%) slid more than 5% in after-hours trading after it cut its Q4 North America revpar estimate to an increase of about 1%, below an August 6 forecast of up +1.5% to +2.0%.
*RingCentral (RNG -2.66%) rose 5% in after-hours trading after it reported Q3 revenue of $173.8 million, better than consensus of $166.1 million, and then forecast Q4 revenue of $179 million to $182 million, above consensus of $175.7 million.
*Mylan NV (MYL -0.98%) climbed nearly 6% in after-hours trading after it reported Q3 adjusted EPS of $1.25, higher than consensus of $1.18.
*Resolute Energy (REN +2.15%) lost more than 3% in after-hours trading after it reported an unexpected Q3 loss of -70 cents per share, well below consensus of an EPS gain of 70 cents.
*Avis Budget Group (CAR +2.92%) fell 4% in after-hours trading after it reported Q3 net revenue of $2.78 billion, weaker than consensus of $2.81 billion, and then forecast full-year revenue of $9.10 billion to $9.20 billion, the midpoint below consensus of $9.17 billion.
*Mosaic (MOS +0.97%) rose 3% in after-hours trading after it reported Q3 adjusted EPS of 75 cents, above consensus of 65 cents, and then forecast full-year adjusted EPS of $1.80 to $2.00, better than consensus of $1.77.
*Andersons (ANDE +0.93%) fell nearly 3% in after-hours trading after it reported an unexpected Q3 loss of -7 cents per share, weaker than consensus of an EPS gain of 16 cents.
*Fabrinet (FN -2.90%) rallied almost 12% in after-hours trading after it reported Q1 revenue of $377.2 million, above consensus of $352.4 million, and then forecast Q2 revenue of $380 million to $388 million, stronger than consensus of $366 million.
*Fiesta Restaurant Group (FRGI -2.35%) slid more than 4% in after-hours trading after it reported Q3 adjusted EPS of 11 cents, well below consensus of 19 cents.
*Allegheny Technologies (ATI +0.84%) was upgraded to 'Buy' from 'Neutral' at Longbow Research with a price target of $34.
*Tenet Healthcare (THC +0.11%) fell 5% in after-hours trading after it forecast full-year adjusted EPS of $1.44 to $1.83, the midpoint below consensus of $1.74.
*elf Beauty (ELF +2.12%) surged over 18% in after-hours trading after it reported Q3 adjusted EPS of 17 cents, well above consensus of 7 cents, and then forecast full-year adjusted EPS of 59 cents to 61 cents, higher than consensus of 56 cents.
*Dynavax Technologies (DVAX -2.46%) dropped 7% in after-hours trading after it reported a Q3 loss of -65 cents a share, wider than consensus for a loss of -57 cents.
*Kosmos Energy Ltd (KOS -3.23%) was upgraded to 'Buy' from 'Neutral' at Goldman Sachs with a price target of $9.
-----------------------------------------------------------------
**Market Comments**
*Dec S&P 500 E-minis (ESZ18 -0.28%) this morning are down -5.75 points (-0.21%). Monday's closes: S&P 500 +0.56%, Dow Jones +0.76%, Nasdaq 100 -0.40%. The S&P 500 on Monday closed higher on the -1.3 point decline in the U.S. Oct ISM non-manufacturing PMI to 60.6, stronger than expectations of -2.6 to 59.0. Stocks were undercut by a slump in technology stocks and reduced hopes for an imminent U.S.-China trade deal after White House economic adviser Kudlow downplayed the potential for a quick deal and Chinese President Xi Jinping refrained from mentioning a deal in a key speech he made on Monday.
*Dec 10-year T-notes (ZNZ18 +0-015) this morning are up +2 ticks. Monday's closes: TYZ8 +3.00, FVZ8 +1.50. Dec 10-year T-notes on Monday closed higher on uncertainty about Tuesday's mid-term election and concern the U.S.-China trade rift will continue and depress global growth after White House economic adviser Kudlow downplayed the potential for a quick trade deal with China.
*The dollar index (DXY00 +0.03%) this morning is up +0.05 (+0.05%), EUR/USD (^EURUSD +0.09%) is up +0.0006 (+0.05%), and USD/JPY (^USDJPY unch) is down -0.02 (-0.02%). Monday's closes: Dollar Index -0.202 (-0.21%), EUR/USD +0.0019 (+0.17%), USD/JPY -0.01 (-0.01%). The dollar index on Monday closed lower on strength in GBP/USD which rallied to a 2-week high on optimism for a Brexit deal after the London Times reported that UK Prime Minister May secured concessions from Brussels to let her keep all of the UK in a customs union with the European Union. The dollar was also undercut by the decline in T-note yields, which weakened the dollar's interest rate differentials.
*Metals prices this morning are higher with Dec gold (GCZ18 +0.34%) +5.0 (+0.41%), Dec silver (SIZ18 +0.23%) +0.048 (+0.33%), and Dec copper (HGZ18 unch) +0.004 (+0.15%). Dec Comex gold (GCZ18) on Monday closed down -$1.00 (-0.08%) per ounce and Dec Comex silver (SIZ18) closed down -0.109 (-0.74%). A rally in the S&P 500 on Monday weighed on gold and silver prices as the stock rally undercut safe-haven demand for precious metals. Signs of weakness in global gold demand also weighed on gold after India Oct gold imports slumped -42% to 38.8 MT. A bearish factor for silver prices was fund selling as long silver positions in ETFs fell to a 2-1/4 month low of 529.359 million troy ounces last Friday. Silver prices were also weighed down by reduced optimism for an imminent U.S.-China trade deal after Chinese President Xi Jinping failed to mention anything about a trade deal when he spoke Monday at a major business conference in China. A weaker dollar on Monday kept losses in gold and silver to a minimum.
*Dec WTI crude oil prices (CLZ18 -0.63%) this morning are down -42 cents (-0.67%) and Dec gasoline (RBZ18 -0.67%) is down -1.34 cents (-0.79%). Dec WTI crude oil (CLZ18) on Monday closed down -4 cents (-0.06%) per barrel and Jan Brent crude (CBF19) closed down -9 cents (-0.12%). Dec RBOB gasoline (RBZ18) closed down by -1.64 cents per gallon (-0.96%). Dec WTI crude oil on Monday sold off to a fresh 6-3/4 month low as global oil supply concerns eased. U.S. sanctions on Iran began Monday, but the U.S. has allowed eight countries to continue importing Iranian crude oil. The sanction waivers mean that Iranian crude oil exports may not fall as much as earlier expected. Iranian oil exports have so far fallen by about 35%. The outlook for an increase in U.S. crude supplies also weighed on oil prices as Wednesday's EIA crude inventory data is expected to show a +2.0 million bbl increase in U.S. crude stockpiles. Crude oil and gasoline on Monday found underlying support from the lower dollar and from the stronger than expected U.S. Oct non-manufacturing index (-1.3 to 60.6 vs. expectations of -2.6 to 59.0), which was a supportive indicator for energy demand.
{==================================================}
*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"!!
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