**Overnight Markets and News**
*Dec E-mini S&Ps (ESZ18 -0.46%) this morning are down -0.39% and European stocks are down -0.58% as losses in technology stocks lead the overall market lower. Shares of Apple are down nearly 1% and Apple supplier Cirrus Logic is down more than 6% in pre-market trading after Cirrus cut its Q3 revenue estimate on flagging iPhone sales. Losses in the overall market were limited as energy stocks rose with Jan WTI crude oil (CLF19 +1.89%) up +1.98% at a 1-week high. Crude oil is rising ahead of OPEC's 2-day meeting in Vienna on Thursday and Friday when the cartel is expected to announce crude production cuts. Asian stocks settled mixed: Japan -2.39%, Hong Kong +0.29%, China +0.42%, Taiwan -0.54%, Australia -1.01%, Singapore -0.72%, South Korea -1.05%, India -0.29%. China's Shanghai Composite climbed to a 2-week high and the yuan soared to a 2-1/4 month high against the dollar on positive carry-over from this past weekend when China and the U.S. agreed to a trade truce. Japan's Nikkei Stock Index fell back as losses in exporter stocks led the overall market lower when USD/JPY dropped to a 1-week low, which reduces the earnings prospects for exporters.
*The dollar index (DXY00 -0.51%) is down -0.50% at a 1-week low. EUR/USD (^EURUSD +0.39%) is up +0.36% at a 1-week high after Eurozone Oct producer prices rose at the fastest pace in nearly 7 years, which is hawkish for ECB policy. USD/JPY (^USDJPY -0.76%) is down -0.76% at a 1-week low.
*Mar 10-year T-note prices (ZNH19 +0-075) are up +7.5 ticks at a 3-month high.
*Eurozone Oct PPI rose +0.8% m/m and +4.9% y/y, stronger than expectations of +0.5% m/m and +4.5% y/y with the +4.9% y/y gain the biggest year-on-year increase in nearly 7 years.
*The UK Nov Markit/CIPS construction PMI unexpectedly rose +0.2 to a 4-month high of 53.4, stronger than expectations of -0.7 to 52.5.
*UK Nov BRC sales like-for-like unexpectedly fell -0.5% y/y, weaker than expectations of +0.3% y/y and the biggest decline in 7 months.
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**U.S. Stock Preview**
*Key U.S. news today includes: (1) New York Fed President John Williams (voter) holds a Q&A with journalists during a press briefing at the New York Fed.
*Notable Russell 1000 earnings reports today include: Toll Brothers (consensus $1.83), AutoZone (12.25), Dollar General (1.26), HP Enterprise (0.42), Marvell Technology (0.32).
*U.S. IPO's scheduled to price today: MOGU Inc (MOGU).
*Equity conferences during the remainder of this week: UBS Global Media and Communications Conference on Mon-Tue, Raymond James Technology Investors Conference on Mon-Wed, Bank of America Merrill Lynch Leveraged Finance Conference on Tue, Cowen & Co. Energy & Natural Resources Conference on Tue, SIP Network Operators Conference on Tue, Goldman Sachs U.S. Financial Services Conference on Tue, Wells Fargo Securities Technology Summit on Tue-Wed, NASDAQ Investors Conference on Tue-Wed, Barclays Global Technology, Media and Telecommunications Conference on Tue-Thu, AI Summit on Wed, Wells Fargo Securities Pipeline, MLP and Utility Symposium on Wed, Citi Global Health Care Conference on Wed-Thu, Barclays Gaming, Lodging, Leisure, Restaurant and Food Retail Conference on Wed-Thu.
--------------------------------------------------------------------------------------
**Overnight U.S. Stock Movers**
*Cirrus Logic (CRUS +3.29%) fell more than 6% in pre-markets trading after it cut its Q3 revenue estimate to $300 million to $340 million from a previous forecast of $360 million to $400 million, citing weakness in the smartphone market.
*Apple (AAPL +3.49%) was downgraded to 'Hold' from 'Buy' at HSBC.
*RH (RH +6.47%) soared 18% in after-hours trading after it forecast full-year adjusted EPS of $8.33 to $8.47, well above consensus of $7.64.
*Itron (ITRI +2.75%) was rated a 'Buy' at Guggenheim Securities with a price target of $70.
*BorgWarner (BWA +2.83%) was rated a new 'Buy' at Jeffries with a price target of $48.
*UDR Inc (UDR +0.52%) slid nearly 3% in after-hours trading after it announced that it will sell 7.15 million shares of its common stock in an underwritten public offering
*Owens-Illinois (OI +0.98%) was downgraded to 'Underweight' from 'Sector Weight' at KeyBanc Capital Markets with a price target of $16.
*NGL Energy Partners LP (NGL +3.45%) was rated a new 'Buy' at Guggenheim Securities with a price target of $16.
*Kinder Morgan (KMI +1.35%) may initially open higher this morning after it said it sees 2019 adjusted Ebitda of $7.80 billion, higher than consensus of $7.65 billion.
*Kratos Defense & Security Solutions (KTOS +0.90%) was rated a new 'Outperform' at Baird with a price target of $19.
*Smartsheet (SMAR +0.59%) climbed over 5% in after-hours trading after it forecast Q4 total revenue of $49 million to $50 million, above consensus of $45.7 million.
*Independence Contract Drilling (ICD +2.96%) was rated an 'Outperform' at Evercore ISI with a price target of $6.
*Keane Group (FRAC +0.36%) fell 3% in after-hours trading after it announced an underwritten secondary offering from one of its stockholders of 5.25 million shares of Keane’s common stock.
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**Market Comments**
*Dec S&P 500 E-minis (ESZ18 -0.46%) this morning are down -11.00 pints (-0.39%). Monday's closes: S&P 500 +1.09%, Dow Jones +1.13%, Nasdaq 100 +1.63%. The S&P 500 on Monday rallied to a 3-week high and closed higher on relief about Saturday's 3-month US/China trade ceasefire. Stocks were also boosted by signs of strength in U.S. manufacturing activity after the U.S. Nov ISM manufacturing index unexpectedly rose +1.6 to 59.3, stronger than expectations of -0.2 to 57.5. Energy stocks rallied as crude oil prices jumped +3.97% to a 1-week high.
*Mar 10-year T-notes (ZNH19 +0-075) this morning are up +7.5 ticks at a 3-month high. Monday's closes: TYH9 +4.50, FVH9 +0.50. Mar 10-year T-notes on Monday closed higher on slack inflation pressures after the Nov ISM prices paid sub-index fell -10.9 to a 17-month low of 60.7, weaker than expectations of -1.6 to 70. T-note prices were also boosted by comments from Fed Vice Chair Clarida that the Fed is more worried about inflation falling short of its 2% target than running above it.
*The dollar index (DXY00 -0.51%) this morning is down -0.485 (-0.50%O at a 1-week low, EUR/USD (^EURUSD +0.39%) is up +0.0041 (+0.36%) at a 1-week high, and USD/JPY (^USDJPY -0.76%) is down -0.86 (-0.76%) at a 1-week low. Monday's closes: Dollar Index -0.232 (-0.24%), EUR/USD +0.0037 (+0.33%), USD/JPY +0.09 (+0.08%). The dollar index on Monday closed lower on dovish comments from Fed Vice Chair Clarida who said the Fed remains more concerned about inflation falling short of its 2% target than running above it. The dollar was also undercut by strength in the Chinese yuan which rallied to a 1-month high against the dollar after U.S Treasury Secretary Mnuchin said there is a "strong commitment" from China to deal with currency devaluation.
*Metals prices this morning are higher with Feb gold (GCG19 +0.42%) +4.8 (+0.39%) at a 5-week high, Mar silver (SIH19 +0.94%) +0.126 (+0.87%) at a 3-week high, and Mar copper (HGH19 -0.04%) +0.003 (+0.09%). Monday's closes: Feb Comex gold (GCG19) on Monday closed up +13.6 (+1.11%) and Mar Comex silver (SIH19) closed up +0.282 (+1.98%). A weaker dollar on Monday boosted metals prices with Feb gold at a 3-1/2 week high and Mar silver at a 1-week high. Silver prices received a boost after U.S. President Trump and Chinese President Xi Jinping agreed to a truce in the U.S.-China trade war, which sent global equity markets soaring and may improve global trade prospects and increase demand for industrial metals. Also, signs of strength in U.S. manufacturing activity is positive for industrial metals prices after the U.S. Nov ISM manufacturing index unexpectedly climbed +1.6 points to 59.3, stronger than expectations of -0.2 to 57.5. An increase in inflation expectations may also boost demand for gold as an inflation hedge after the 10-year T-note breakeven inflation expectations rate climbed to a 1-1/2 week high on Monday.
*Jan WTI crude oil prices (CLF19 +1.89%) this morning are up +$1.05 a barrel (+1.98%) at a new 1-week high and Jan gasoline (RBF19 +2.43%) is up +3.56 cents per gallon (+2.49%). Monday's closes: Jan WTI crude oil (CLF19) on Monday closed up by +$2.02 per barrel (+3.97%) and Feb Brent crude (CBG19) closed up +$2.45 (+4.12%). Jan RBOB gasoline (RBF19) closed up by +2.95 cents per gallon (+2.10%). Oil prices rallied sharply on Monday to a 1-week high after Saudi Arabian and Russian leaders over the weekend at the G-20 meeting agreed to extend their pact to manage crude output into 2019. Crude prices also received a boost after Alberta, Canada's largest crude producing province, announced a cut in production of crude and bitumen by 325,000 bpd from January until excess oil in storage is drawn down. A weaker dollar on Monday helped the energy complex to maintain its gains. Finally, the sharp rally in global equity markets Monday improves confidence in the economic outlook, which may lead to increased energy demand and consumption. Crude prices fell back from their best levels after Qatar, an OPEC member since 1961, said it will leave the cartel effective Jan 1 to focus on its liquefied natural gas production. Qatar is OPEC's 11th-biggest oil producer, pumping about 1 million bpd. Data released Monday showed that OPEC Nov crude production fell -10,000 bpd to 33.13 million bpd, the first decline in production in 6 months. OPEC and its allies will meet this Thursday and Friday in Vienna to decide on the size of their production cut for 2019.
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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.
{==================================================================}
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 -0.46%) this morning are down -0.39% and European stocks are down -0.58% as losses in technology stocks lead the overall market lower. Shares of Apple are down nearly 1% and Apple supplier Cirrus Logic is down more than 6% in pre-market trading after Cirrus cut its Q3 revenue estimate on flagging iPhone sales. Losses in the overall market were limited as energy stocks rose with Jan WTI crude oil (CLF19 +1.89%) up +1.98% at a 1-week high. Crude oil is rising ahead of OPEC's 2-day meeting in Vienna on Thursday and Friday when the cartel is expected to announce crude production cuts. Asian stocks settled mixed: Japan -2.39%, Hong Kong +0.29%, China +0.42%, Taiwan -0.54%, Australia -1.01%, Singapore -0.72%, South Korea -1.05%, India -0.29%. China's Shanghai Composite climbed to a 2-week high and the yuan soared to a 2-1/4 month high against the dollar on positive carry-over from this past weekend when China and the U.S. agreed to a trade truce. Japan's Nikkei Stock Index fell back as losses in exporter stocks led the overall market lower when USD/JPY dropped to a 1-week low, which reduces the earnings prospects for exporters.
*The dollar index (DXY00 -0.51%) is down -0.50% at a 1-week low. EUR/USD (^EURUSD +0.39%) is up +0.36% at a 1-week high after Eurozone Oct producer prices rose at the fastest pace in nearly 7 years, which is hawkish for ECB policy. USD/JPY (^USDJPY -0.76%) is down -0.76% at a 1-week low.
*Mar 10-year T-note prices (ZNH19 +0-075) are up +7.5 ticks at a 3-month high.
*Eurozone Oct PPI rose +0.8% m/m and +4.9% y/y, stronger than expectations of +0.5% m/m and +4.5% y/y with the +4.9% y/y gain the biggest year-on-year increase in nearly 7 years.
*The UK Nov Markit/CIPS construction PMI unexpectedly rose +0.2 to a 4-month high of 53.4, stronger than expectations of -0.7 to 52.5.
*UK Nov BRC sales like-for-like unexpectedly fell -0.5% y/y, weaker than expectations of +0.3% y/y and the biggest decline in 7 months.
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**U.S. Stock Preview**
*Key U.S. news today includes: (1) New York Fed President John Williams (voter) holds a Q&A with journalists during a press briefing at the New York Fed.
*Notable Russell 1000 earnings reports today include: Toll Brothers (consensus $1.83), AutoZone (12.25), Dollar General (1.26), HP Enterprise (0.42), Marvell Technology (0.32).
*U.S. IPO's scheduled to price today: MOGU Inc (MOGU).
*Equity conferences during the remainder of this week: UBS Global Media and Communications Conference on Mon-Tue, Raymond James Technology Investors Conference on Mon-Wed, Bank of America Merrill Lynch Leveraged Finance Conference on Tue, Cowen & Co. Energy & Natural Resources Conference on Tue, SIP Network Operators Conference on Tue, Goldman Sachs U.S. Financial Services Conference on Tue, Wells Fargo Securities Technology Summit on Tue-Wed, NASDAQ Investors Conference on Tue-Wed, Barclays Global Technology, Media and Telecommunications Conference on Tue-Thu, AI Summit on Wed, Wells Fargo Securities Pipeline, MLP and Utility Symposium on Wed, Citi Global Health Care Conference on Wed-Thu, Barclays Gaming, Lodging, Leisure, Restaurant and Food Retail Conference on Wed-Thu.
--------------------------------------------------------------------------------------
**Overnight U.S. Stock Movers**
*Cirrus Logic (CRUS +3.29%) fell more than 6% in pre-markets trading after it cut its Q3 revenue estimate to $300 million to $340 million from a previous forecast of $360 million to $400 million, citing weakness in the smartphone market.
*Apple (AAPL +3.49%) was downgraded to 'Hold' from 'Buy' at HSBC.
*RH (RH +6.47%) soared 18% in after-hours trading after it forecast full-year adjusted EPS of $8.33 to $8.47, well above consensus of $7.64.
*Itron (ITRI +2.75%) was rated a 'Buy' at Guggenheim Securities with a price target of $70.
*BorgWarner (BWA +2.83%) was rated a new 'Buy' at Jeffries with a price target of $48.
*UDR Inc (UDR +0.52%) slid nearly 3% in after-hours trading after it announced that it will sell 7.15 million shares of its common stock in an underwritten public offering
*Owens-Illinois (OI +0.98%) was downgraded to 'Underweight' from 'Sector Weight' at KeyBanc Capital Markets with a price target of $16.
*NGL Energy Partners LP (NGL +3.45%) was rated a new 'Buy' at Guggenheim Securities with a price target of $16.
*Kinder Morgan (KMI +1.35%) may initially open higher this morning after it said it sees 2019 adjusted Ebitda of $7.80 billion, higher than consensus of $7.65 billion.
*Kratos Defense & Security Solutions (KTOS +0.90%) was rated a new 'Outperform' at Baird with a price target of $19.
*Smartsheet (SMAR +0.59%) climbed over 5% in after-hours trading after it forecast Q4 total revenue of $49 million to $50 million, above consensus of $45.7 million.
*Independence Contract Drilling (ICD +2.96%) was rated an 'Outperform' at Evercore ISI with a price target of $6.
*Keane Group (FRAC +0.36%) fell 3% in after-hours trading after it announced an underwritten secondary offering from one of its stockholders of 5.25 million shares of Keane’s common stock.
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**Market Comments**
*Dec S&P 500 E-minis (ESZ18 -0.46%) this morning are down -11.00 pints (-0.39%). Monday's closes: S&P 500 +1.09%, Dow Jones +1.13%, Nasdaq 100 +1.63%. The S&P 500 on Monday rallied to a 3-week high and closed higher on relief about Saturday's 3-month US/China trade ceasefire. Stocks were also boosted by signs of strength in U.S. manufacturing activity after the U.S. Nov ISM manufacturing index unexpectedly rose +1.6 to 59.3, stronger than expectations of -0.2 to 57.5. Energy stocks rallied as crude oil prices jumped +3.97% to a 1-week high.
*Mar 10-year T-notes (ZNH19 +0-075) this morning are up +7.5 ticks at a 3-month high. Monday's closes: TYH9 +4.50, FVH9 +0.50. Mar 10-year T-notes on Monday closed higher on slack inflation pressures after the Nov ISM prices paid sub-index fell -10.9 to a 17-month low of 60.7, weaker than expectations of -1.6 to 70. T-note prices were also boosted by comments from Fed Vice Chair Clarida that the Fed is more worried about inflation falling short of its 2% target than running above it.
*The dollar index (DXY00 -0.51%) this morning is down -0.485 (-0.50%O at a 1-week low, EUR/USD (^EURUSD +0.39%) is up +0.0041 (+0.36%) at a 1-week high, and USD/JPY (^USDJPY -0.76%) is down -0.86 (-0.76%) at a 1-week low. Monday's closes: Dollar Index -0.232 (-0.24%), EUR/USD +0.0037 (+0.33%), USD/JPY +0.09 (+0.08%). The dollar index on Monday closed lower on dovish comments from Fed Vice Chair Clarida who said the Fed remains more concerned about inflation falling short of its 2% target than running above it. The dollar was also undercut by strength in the Chinese yuan which rallied to a 1-month high against the dollar after U.S Treasury Secretary Mnuchin said there is a "strong commitment" from China to deal with currency devaluation.
*Metals prices this morning are higher with Feb gold (GCG19 +0.42%) +4.8 (+0.39%) at a 5-week high, Mar silver (SIH19 +0.94%) +0.126 (+0.87%) at a 3-week high, and Mar copper (HGH19 -0.04%) +0.003 (+0.09%). Monday's closes: Feb Comex gold (GCG19) on Monday closed up +13.6 (+1.11%) and Mar Comex silver (SIH19) closed up +0.282 (+1.98%). A weaker dollar on Monday boosted metals prices with Feb gold at a 3-1/2 week high and Mar silver at a 1-week high. Silver prices received a boost after U.S. President Trump and Chinese President Xi Jinping agreed to a truce in the U.S.-China trade war, which sent global equity markets soaring and may improve global trade prospects and increase demand for industrial metals. Also, signs of strength in U.S. manufacturing activity is positive for industrial metals prices after the U.S. Nov ISM manufacturing index unexpectedly climbed +1.6 points to 59.3, stronger than expectations of -0.2 to 57.5. An increase in inflation expectations may also boost demand for gold as an inflation hedge after the 10-year T-note breakeven inflation expectations rate climbed to a 1-1/2 week high on Monday.
*Jan WTI crude oil prices (CLF19 +1.89%) this morning are up +$1.05 a barrel (+1.98%) at a new 1-week high and Jan gasoline (RBF19 +2.43%) is up +3.56 cents per gallon (+2.49%). Monday's closes: Jan WTI crude oil (CLF19) on Monday closed up by +$2.02 per barrel (+3.97%) and Feb Brent crude (CBG19) closed up +$2.45 (+4.12%). Jan RBOB gasoline (RBF19) closed up by +2.95 cents per gallon (+2.10%). Oil prices rallied sharply on Monday to a 1-week high after Saudi Arabian and Russian leaders over the weekend at the G-20 meeting agreed to extend their pact to manage crude output into 2019. Crude prices also received a boost after Alberta, Canada's largest crude producing province, announced a cut in production of crude and bitumen by 325,000 bpd from January until excess oil in storage is drawn down. A weaker dollar on Monday helped the energy complex to maintain its gains. Finally, the sharp rally in global equity markets Monday improves confidence in the economic outlook, which may lead to increased energy demand and consumption. Crude prices fell back from their best levels after Qatar, an OPEC member since 1961, said it will leave the cartel effective Jan 1 to focus on its liquefied natural gas production. Qatar is OPEC's 11th-biggest oil producer, pumping about 1 million bpd. Data released Monday showed that OPEC Nov crude production fell -10,000 bpd to 33.13 million bpd, the first decline in production in 6 months. OPEC and its allies will meet this Thursday and Friday in Vienna to decide on the size of their production cut for 2019.
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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"!!
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