ROBERT D. MCHUGH, JR., Ph.D. Daily Market Forecasting and Trading Report

Size: px
Start display at page:

Download "ROBERT D. MCHUGH, JR., Ph.D. Daily Market Forecasting and Trading Report"

Transcription

1 ROBERT D. MCHUGH, JR., Ph.D. Dily Mrket Forecsting nd Trding Report An Eductionl Puliction of Min Line Investors, Inc. P.O. Box 1026 Issue No Emil Address: Kimerton, PA Thursdy, Mrch 23rd, 2017 SUMMARY OF INDEX DAILY CLOSINGS FOR THURSDAY, MARCH 23rd, 2017 Sep NASDAQ 1 NASDAQ 1 Russell 30 Yr Tres Sep Dte 9 DJIA 9 Trnsports 2 S&P 1 COMPQ Bonds Sep Mr Sep ^27 Mr Sep ^13 Mr ^11 Mr ^00 Mr ^31 Key Economic Sttistics Dte VIX U.S. $ Euro CRB Gold Silver HUI Crude Oil 03/10/ /17/ /23/ Current Short-term Psychologicl Sentiment of the U.S. Stock Mrket Negtive The Bottom Line from Tody s Mrket Action: Stocks strted up firly strong, then gve up ll the gins, finishing modestly lower Thursdy, Mrch 23rd, trying to trck the three-ring circus going on in Wshington s the repel nd replce Omcre legisltive effort struggled. Wll Street is worried tht if the effort to pss new helthcre lw fils, they could lso get disppointed with the tx cut effort. Sky high stock prices re etting ig time on mssive widespred nd deep tx cut coming lter this yer. PE rtios re outlier should the tx cuts fil to impct the projected E prt of this rtio. Our short-term key indictors remin on Sells tonight. We show chrt tonight on pge 27 detiling the likely Elliott Wve mpping for the decline from Mrch 1st, In this scenrio, stocks could drop further efore smll degree ounce. This stock mrket is primed for mjor decline, ll it needs is ctlyst event. Precious metls nd Mining stocks re inside corrective smll degree wve ii down, nd my need one more declining leg to finish efore wve iii up drives them shrply higher. While our key trend-finder indictors remin on Buy signls, they re short-term overought. For the time will come when men will not endure sound doctrine; ut wnting to hve their ers tickled, they will ccumulte for themselves techers in ccordnce to their own desires; nd will turn wy their ers from the truth, nd will turn side to myths. 2 Timothy 4:3, 4 NAS Eduction to Help You mke Money in Both Rising nd Flling Mrkets Visit Our Wesite At Pge 1

2 Wht You Get with PLATINUM Suscription to Our Services: Pltinum Elite Memership: Both Options nd Exchnge Trded Funds Trde Alerts! 15 to 30 Trdes Per Yer, where we communicte to you the detils of our trdes, within 15 minutes of when we conduct them on est efforts sis Complete ccess to ll of our Stndrd Suscription Services Eduction Services for Memers where we nswer emil questions out mrket conditions nd our trdes, especilly helpful to individuls who re new t trding, or trding stock index options An extr 3 months free dded to the term selected for individuls who re new to options trding nd wnt to lern y pper trding our trde lert ides We ply oth rising nd flling mrkets nd primrily trde options on Exchnge Trded Funds (ETFs) or the Exchnge Trded Funds directly, for mjor stock mrket Indices, Gold, Silver, nd Mining Stock indices, such s SPY, DIA, QQQ, RUT, GLD, SLV, nd GDX. On occsion, we send out emils intrdy, commenting on intrdy mrket price ction s it reltes to trding nd the price/time ptterns we see occurring in mrkets t tht prticulr time. Emil us t minrdmch@ol.com for more informtion, questions, or disclosure form to join. You get credit for the unused portion of your stndrd suscription when you upgrde to Pltinum. Pltinum Elite Memership Pricing for Mrch 2017: 9 Months Term $1,295 ($1,195 if pying y Check) 21 Months Term $1,995 ($1,895 if pying y Check) 27 Months Term $2,495 ($2,395 if pying y Check) McHugh s 5 Yers (With Credits UP to $2,000 for Pst Pyments) Pltinum Mrch Mdness Del! You get 5 Yers for $5,995, less credits up to mximum of $2,000 for pst pyments mde to us, less 5% price discount (sve $300) if you py y check to Min Line Investors, Inc., P.O. Box 1026, Kimerton, PA Plese include your emil ddress)! You get 75 to 150 trdes over 5 yers, including oth our Options nd Exchnge Trded Funds Trde Alerts. This offer is limited to the first 25 people, nd is good for extensions, renewls, memership upgrdes nd new memers. Emil us t minrdmch@ol.com for disclosure form. To Suscrie, Renew or Extend your present Pltinum memership: Emil us t minrdmch@ol.com for Disclosure form. To py y Credit Crd: Simply go to nd click on either the Suscrie Tody or Renew Tody uttons t the upper left of the home pge, select Pltinum, scroll down to the term you wnt nd py y credit crd there. Note: We do not uto renew your memership, you hve to renew yourself. To Py y Check: Simply mil check pyle to Min Line Investors, Inc., P.O. Box 1026, Kimerton, PA Plese include your emil ddress (which is your User ID) so we cn pply pyment to your ccount. Pge 2

3 Stndrd Memership: Wht You Get with Suscription to Our Services: Access to Dily nd Expnded Weekend U.S. Mrket Forecst Reports Covering Stocks, Gold, Silver nd Mining Stocks, Currencies, Oil nd Bonds Access to our Fetured Proprietry Amzing Stock Mrket Buy nd Sell Purchsing Power Indictor (Short-term Trding) Access to our Demnd Power/Supply Pressure Indictor (Short/Medium term Trding) Access to our Incredile Intermedite-term investing horizon Secondry Trend Indictor Access to our Long-term investing horizon Primry Trend Indictor Dily Executive Summry Emils providing key forecst indictor results, nd full nlysis of the dy s ctivity Access to our Conservtive Portfolio Model nd Trnsctions Chrts covering Technicl Mrket Ptterns nd Elliott Wves Cycle nlysis of possile importnt mrket turn dtes, including our Phi Mte Turn dtes, Brdley model turn dtes, nd Fioncci price/time trgets Occsionl Mid-dy Mrket Comment Emils Access to our Closed Pltinum Trdes Archives Stndrd Memership Pricing for Mrch 2017: 3 Months Term $ 95 6 Months Term $150 8 Months Term Mrch Specil $ Months Term $275 (12 Months + 1 Bonus Month Free) 25 Months Term $345 ($315 if Pying By Check) This Month s Fetured Specil Del: 14 Months for Only $169 Mrch Mdness Specil To Suscrie, Renew or Extend your present memership: To py y Credit Crd: Simply go to nd click on either the Suscrie Tody or Renew Tody uttons t the upper left of the home pge, select Stndrd, scroll down to the term you wnt nd py y credit crd there. Note: We do not uto renew your memership, you hve to renew yourself. To Py y Check: Simply mil check pyle to Min Line Investors, Inc., P.O. Box 1026, Kimerton, PA Plese include your emil ddress (which is your User ID) so we cn pply pyment to your ccount. Pge 3

4 Be Prepred for Wht is Coming, for Wht is strting now, in Glol nd U.S. Mrkets. It my not e wht you think; it will not e wht the Federl Reserve nd Wll Street wnt you to Believe. Aville t Dr. McHugh s new Best Seller, The Coming Economic Ice Age, Five Criticl Steps to Survive nd Prosper. This is ook you will wnt to give to those you cre out. Buy it Direct from mzon.com t Tle of Contents Pge 2-3 Suscription Services nd Pricing / Specil Dels Pge 4- Report Orgniztion / Tle of Contents Pge 5- Purchsing Power Indictor Chrt nd Comments Pge 6 Demnd Power / Supply Pressure Chrt nd Comments Pge 7 Secondry Trend Indictor Chrt nd Comments Pge 8-9 Blue Chip Stock Trends Summry (Signls, Age of Trend, Interprettion) Pge 9-12 Tody s Mrket Comments Pge 13- Key Trend Indictor Sttisticl Levels for Tody nd the Pst Week Pge 14- Sttistics for Tody (NYSE) nd key indictor chrts Pge 15- Signl Performnce Summry (All Mrkets Signls) Pge Technology Trends (NASDAQ 100) Pge 18 Smll Cps Pge 19 Precious Metls nd Mining Stocks Trends Pge Trder s Corner nd Pst Trding Performnce Sttistics Pge 25 through 33 Elliot Wve nd Other Mpping nd Anlyticl Chrts Pge Glossry of Terms (Eductionl Informtion on how to use this Report) Pge Disclimer, ETF Symols, Elliott Wve Nottion Key Eduction to Help Prepre for The Coming Economic Ice Age Pge 4

5 MCHUGH S MARKET FORECASTING & TRADING REPORT Our Purchsing Power Indictor (The Short-term Mrket Trend, typiclly from 1 to 4 weeks) Our Purchsing Power Indictor triggered new Sell Signl Tuesdy, Mrch 21st, 2017 nd remins there Mrch 23rd. It fell to positive Thursdy, Mrch 23rd, 2017, nd needs to rise ove positive for new Buy. After the Buy signl on Jnury 3rd, 2017, the Industrils rose 1,234 points nd the S&P 500 rose 138 points. After our Purchsing Power Indictor generted Buy signl on Novemer 7th, 2016, the S&P 500 rose 140 points nd the Industrils rose 1,715 points! After our Purchsing Power Indictor generted Buy signl on Ferury 12th, 2016, the Industrils rose 2,133 points! After our PPI triggered Sell on Jnury 4th, 2016, the Industrils declined 1,025 points! After our PPI generted Buy on Octoer 5th, 2015 the Industrils rose 1,201 points. After our PPI generted Sell on July 24th, 2015 the Industrils fell 2,198 points. This indictor is identifying significnt trends! Are you redy for the next Signl Chnge? For informtion on how to use this indictor, go to the Glossry t the end of this report. Pge 5

6 MCHUGH S MARKET FORECASTING & TRADING REPORT Our Demnd Power / Supply Pressure Indictor (The Short/Medium-term Time Horizon Trend, typiclly from 1 to 3 Months) Our Demnd Power / Supply Pressure Indictor generted n Enter Short signl Mrch 21st, 2017, nd remins there Mrch 23rd, After the lst Buy signl in Novemer 2016, the S&P 500 rose 170 points nd the Dow Industrils rose 1,701 points! After it triggered Buy on Ferury 17th, 2016, the Industrils rose 1,713 points! After the DP/SP Indictor triggered Sell on Decemer 31st, 2015, the S&P 500 dropped 231 points. After this Sell Signl, the Industrils plunged 1,974 points. For informtion on how to use this indictor, go to the Glossry t the end of this report. Pge 6

7 Our Secondry Trend Indictor (The Intermedite-term Time Horizon Mrket Trend, typiclly from 3 to 12 Months) Our Secondry Trend Indictor generted new Intermedite term Sell Signl Mrch 7th, 2017, nd remins there Mrch 23rd. After the lst Buy signl in My 2016, the Industrils rose 744 points. It triggered Buy signl Mrch 3rd, 2016 which led to 1,223 point rlly in the Industrils. After the July 22nd, 2015 Sell Signl, the Industrils fell 2,400 points through Jnury 20th, 2016! Tke note tht huge Berish Divergence is gin occurring etween our Secondry Trend Indictor (declining) nd stock prices (rising), which is wrning in flshing neon lights tht significnt stock mrket decline is pproching. Further, notice tht ecuse this divergence is huge, it is telling us the pproching decline could e significnt. We show Bullish Divergences with green digonl lines followed y the susequent rlly, lso in green. Berish Divergences re shown in Purple lines. You cn see divergences re mzing erly wrnings of significnt chnges in the direction of price trends. Yellow lines show the susequent price move fter new Buy or Sell signls ctully occur. For informtion on how to use this indictor, go to the Glossry t the end of this report. Pge 7

8 Blue Chip Stock Trends Signls (For the Dow Industrils, NYSE, S&P 500) Short-term Horizon (Over the Next 1 Week to 1 Month Hourly nd Dily Trders): (Sidewys (Sidewys Young, More Trend Likely, Mturing, More Trend Possile or Old) or Approching End) Buy or Sell Dte of S&P 500 Age of Signl s Sttus Indictor Nme Signl Signl Signl Interprettion Purchsing Power Indictor: Sell 03/21/17 2, Young More Trend Likely 30 Dy Stochstic Indictor: Sell 03/21/17 2, Young More Trend Likely 14 Dy Stochstic Indictor: Sell 03/21/17 2, Young More Trend Likely Note: We Like to Consider the ove 3 Indictors together to confirm new trend. If ll three re in greement, tht confirms new trend. If ny one hs different signl thn the others, tht suggests sidewys move is occurring, or trend turn is in process. Medium-term Horizon (Over the Next 1 to 3 Months Dily Trders): (Young, (More Trend Likely, Mturing, More Trend Possile Neutrl, or Old) or Approching End) Buy or Sell Dte of S&P 500 Age of Signl s Sttus Indictor Nme Signl Signl Signl Interprettion Demnd Power/ Supply Pressure: Sell 03/21/17 2, Young More Trend Likely Intermedite-term Horizon (Over the Next 1 to 12 Months Weekly Trders): (Young, (More Trend Likely, Mturing, More Trend Possile or Old) or Approching End) Buy or Sell Dte of S&P 500 Age of Signl s Sttus Indictor Nme Signl Signl Signl Interprettion Secondry Trend Indictor: Sell 03/07/17 2, Young More Trend Likely Pge 8

9 Blue Chip Stock Trends Signls (For the Dow Industrils, NYSE, S&P 500) Long-term Horizon (Over the Next 6 Months to 2 Yers Monthly Trders): (Young, (More Trend Likely, Mturing, More Trend Possile or Old) or Approching End) Buy or Sell Dte of S&P 500 Age of Signl s Sttus Indictor Nme Signl Signl Signl Interprettion Primry Trend Indictor: Buy 10/31/16 2, Young More Trend Likely Note: Mrkets re voltile nd trends cn reverse, ffecting these signls t ny time. The further in time these signls re from when they were first generted, the greter the risk the trend could chnge. Trding involves risk nd tht risk should e mnged with investment limits, stop losses, or other tools to prevent loss. While these signls hve proven to e excellent t identifying trends, over-the-horizon risk nlysis (nd ckground indictor nlysis) is importnt, nd the longerterm trend needs to e kept in mind when trding the shorter-term trends. Tody s Mrket Comments Stocks strted up firly strong, then gve up ll the gins, finishing modestly lower Thursdy, Mrch 23rd, trying to trck the three-ring circus going on in Wshington s the repel nd replce Omcre legisltive effort struggles. Wll Street is worried tht if the effort to pss new helthcre lw fils, they could lso get disppointed with the tx cut effort. Sky high stock prices re etting ig time on mssive widespred nd deep tx cut coming lter this yer. PE rtios re outlier should the tx cuts fil to impct the projected E prt of this rtio. Our short-term key indictors remin on Sells tonight. We show chrt tonight on pge 27 detiling the likely Elliott Wve mpping for the decline from Mrch 1st, In this scenrio, stocks could drop further efore smll degree ounce. This stock mrket is primed for mjor decline, ll it needs is ctlyst event. Precious metls nd Mining stocks re inside corrective smll degree wve ii down, nd my need one more declining leg to finish efore wve iii up drives them shrply higher. While our key trend-finder indictors remin on Buy signls, they re short-term overought. Pge 9

10 Tody s Mrket Comments (continued) Our Blue Chip key trend-finder indictors moved to Sell signl Tuesdy, Mrch 21st, 2017 nd remin there Thursdy, Mrch 23rd. The Purchsing Power Indictor component triggered Sell signl Tuesdy, Mrch 21st. The 14-dy Stochstic Indictor generted Sell on Mrch 21st, nd the 30 Dy Stochstic Indictor generted Sell on Mrch 21st. When these three indictors re in greement, it is short-term (1 week to 3 months' time horizon) key trend -finder directionl signl. When these three indictors re in conflict with one nother, it is Neutrl key trend-finder indictor signl. Our intermedite term Secondry Trend Indictor generted Sell signl Tuesdy, Mrch 7th, nd remins there Thursdy, Mrch 23rd, rising 3 points (out of possile 9 points), t negtive -18, needing to rise ove the positive + 5 threshold for new Buy. Demnd Power ws flt t 362 Thursdy while Supply Pressure fell 2 to 381, telling us Thursdy's move in Blue Chips ws wek. This DP/SP Indictor moved to n Enter Short Signl Tuesdy, Mrch 21st, nd remins there Thursdy, Mrch 23rd, The Plunge Protection Tem Indictor moved ck to n "Off" signl on Thursdy, Decemer 15 th, which mens the PPT is likely to stnd down from supporting the mrkets while this indictor remins on n "Off." This does not men stocks cnnot rlly, it just mens there is not likely to e significnt government intervention t this time. This indictor is designed to identify high proility periods where the PPT will e supporting, or uying the stock mrket (when it is on Buy signl) nd when it moves to Neutrl of Off signl (formerly clled Sell), it does not men the stock mrket will decline, it mens the PPT's interest in uying the mrket is off rther thn on, nd mrket forces outside the PPT re more likely to determine stock trends up or down. In other words, Neutrl or Off signl mens the odds re higher tht the PPT stnds down or hs little influence on price trends. Cution: I would not et the frm on Crsh. Crshes re rre nd mye the pttern will morph into something we presently do not see tht is less ominous. Risk must e mnged. Mye the Fed uys the entire stock mrket, who knows given their trck record. Mye lck swn event is postponed severl months. Pge 10

11 Tody s Mrket Comments (continued) Gold nd Miners fell slightly Thursdy, Mrch 23rd. They generted new Buy signl Wednesdy, Mrch 22nd, s the HUI 30 Dy Stochstic triggered Buy signl Mrch 22nd, nd our HUI Purchsing Power Indictor generted Buy on Mrch 15th. When these two indictors re in greement, it is directionl signl, nd when t odds with one nother, it is comintion neutrl signl. On Tuesdy, Ferury 21st, the HUI Demnd Power / Supply Pressure Indictor triggered Sell signl from Buy. On Thursdy, Mrch 23rd, Demnd Power fell 4 to 402 while Supply Pressure rose 2 to 433, telling us Thursdy's HUI decline ws mild. Pge 11

12 Tody s Mrket Comments (continued) {This Pge Left Intentionlly Blnk} Pge 12

13 SUMMARY OF TODAY S & PAST WEEK S TRADING INDICATOR STATISTICS Blue Chips S&P 500 / DJIA / NYSE Purchsing Dte Power Indictor Interprettion Mr 16 Flt 0 t Mr 17 Down 1 to Mr 20 Down 1 to Mr 21 Down 9 to Mr 22 Up 1 to Mr 23 Flt 0 t The PPI must rise more thn 6 points ove its recent low to trigger new uy signl, nd must fll more thn 6 points elow it recent high to trigger new sell signl. The PPI Must rise ove positive for new Buy Signl. 30 Dy Stochstic 14 Dy Stochstic Dte Fst Slow Fst Slow Interprettion Mr Mr Mr Mr Mr Mr The Fst hs to fll more thn 10 points elow the Slow for new sell, or the Fst hs to rise more thn 10 points ove the Slow for new uy. Demnd Supply Dte Power Pressure Interprettion Mr 16 Down 1 to 372 Flt 0 t 369 Mr 17 Flt 0 t 372 Up 2 to 371 Mr 20 Down 4 to 368 Up 2 to 373 Mr 21 Down 7 to 361 Up 12 to 385 Mr 22 Up 1 to 362 Down 2 to 383 Mr 23 Flt 0 t 362 Down 2 to 381 The Demnd Power Indictor Needs to Rise more thn 10 points ove the Supply Pressure Indictor for new uy signl, or the Supply Pressure Indictor must rise more thn 10 points ove the Demnd Power Indictor for new Sell Signl. Crossovers less thn 10 points re Neutrl Signls. Secondry Dte Trend Indictor Interprettion Mr 16 Up 4 to - 3 Mr 17 Down 5 to - 8 Mr 20 Down 5 to 13 Mr 21 Down 8 to 21 Mr 22 Flt 0 t 21 Mr 23 Up 3 to - 18 Aove positive + 5 is Bullish, Buy signl. Below negtive 5 is Berish, Sell signl. While move ove zero is good indiction of coming rising trend, nd elow zero is good indiction of coming declining trend, for est trding results, it is etter to wit for this indictor to move ove positive + 5 or elow negtive 5. The closer it moves towrd zero, the greter the risk of coming trend turn. Redings ner positive + 30 show overought mrket conditions And ner negtive 30 indicte n oversold mrket condition. Pge 13

14 Key NYSE Internl Strength Sttistics for Thursdy, Mrch 23rd: Volume s % 10 Dy Averge Points % Up Points % Down New 52 Week Highs New 52 Week Lows Advncing Issues Declining Issues Advncing Issues % Declining Issues % Volume % Up Volume % Down Closing Ticks Closing Trin Tody 91% 39% 61% % 35% 53% 47% Yesterdy 101% 70% 30% % 47% 49% 51% Blue Chip Stock Bckground Stock Trend Indictors For the Dow Industrils, NYSE, S&P 500 (Used to Evlute the Age of Current Trends) McClelln Oscilltor (+300 Extreme Overought/-300 Extreme Oversold) Tody Yesterdy Dy Averge Advnce/Decline Line Indictor (+800 Extreme Overought/-800 Extreme Oversold) Plunge Protection Tem Indictor * A rise ove positive or drop elow negtive 16.0 triggers new uy signl. On the other hnd, declines cn (don t hve to) occur when this reding flls within the rnge of negtive to positive Next Phi Mte Turn Dte Mrch 20th, /- few dys Next Brdley Model Turn Dte (Mjor Turn) June 20th, /- few dys A Hindenurg Omen is on the Clock, Potentil Stock Mrket Crsh Signl Through April 16th, 2017 Pge 14

15 Summry of McHugh s Proprietry Index Key Trend-finder Buy/Sell Signls And Their Performnce Fullest Extent of Index Term Signl Dte Current Signl Index Move Since Signl DJIA Purchsing Power Indic DJIA Short Sell Mr 21st, 2017 DJIA 14 Dy Stochstic DJIA Short Sell Mr 21st, 2017 DJIA 30 Dy Stochstic DJIA Short Sell Mr 21st, 2017 Demnd Power /Supply Pressure S&P Short Sell Mr 21st, 2017 NYSE 10 Dy Adv/Decline Indic S&P Short Buy Mr 23rd, 2017 Secondry Trend Indictor DJIA Intermedite Sell Mr 7th, 2016 NDX Purchse Power Indic NASDAQ 100 Short Sell Mr 21st, 2017 NDX 14 Dy Stochstic NASDAQ 100 Short Sell Mr 21st, 2017 NDX 30 Dy Stochstic NASDAQ 100 Short Sell Dec 30th 2016 NDX 10 Dy Adv/Decline Indic NDX Short Buy Mr 16th, 2017 Demnd Power /Supply Pressure NDX Short Neutrl Mr 21st, 2016 RUT Purchse Power Indic RUT Short Sell Mr 21st, 2017 RUT 10 Dy Adv/Decline Indic RUT Short Sell Mr 7th, 2016 HUI Purchsing Power Indic HUI Short Buy Mr 15th, 2017 HUI 30 Dy Stochstic HUI Short Buy Mr 22nd, 2017 HUI Purchsing Power Indic GOLD Short Buy Mr 15th, 2017 HUI 30 Dy Stochstic GOLD Short Buy Mr 22nd, 2017 Plunge Protection Tem Indic DJIA Short Off Nov 30th 2016 Primry Trend Indictor S&P 500 Long Buy Oct 31st, 2016 Jesus sid to them, I m the red of life; he who comes to Me shll not hunger, nd he who elieves in Me shll never thirst. For I hve come down from heven, For this is the will of My Fther, tht everyone who eholds the Son nd elieves in Him, my hve eternl life; nd I Myself will rise him up on the lst dy. John 6: 35, 38, 40 For I know the plns I hve for you," declres the LORD, "plns to prosper you nd not to hrm you, plns to give you hope nd future. Jeremih 29:11 Pge 15

16 Technology Stock Trends Signls (For the NASDAQ 100) Short-term Horizon (Over the Next 1 Week to 1 Month Hourly nd Dily Trders): (Sidewys (Sidewys Young, More Trend Likely, Mturing, More Trend Possile or Old) or Approching End) Buy or Sell Dte of NDX Age of Signl s Sttus Indictor Nme Signl Signl Signl Interprettion NDX Purchsing Power Indictor: Sell 03/21/17 5, Young More Trend Likely 30 Dy Stochstic Indictor: Sell 12/30/16 4, Mturing More Trend Possile 14 Dy Stochstic Indictor: Sell 03/21/17 5, Young More Trend Likely The NDX PPI Needs to rise ove positive for New Buy Signl. Note: We Like to Consider the ove 3 Indictors together to confirm new trend. If ll three re in greement, tht confirms new trend. If ny one hs different signl thn the others, tht suggests sidewys move is occurring, or trend turn is in process. Medium-term Horizon (Over the Next 1 to 3 Months Dily Trders): (Sidewys) (Sidewys) Young, More Trend Likely, Mturing, More Trend Possile Neutrl, or Old) or Approching End) Buy or Sell Dte of NDX Age of Signl s Sttus Indictor Nme Signl Signl Signl Interprettion Demnd Power/ Supply Pressure: Neutrl 03/21/17 5, Young More Trend Likely Key NASDAQ 100 Internl Strength Sttistics for Thursdy, Mrch 23rd: Volume s % 10 Dy Avg. Points % Up Points % Down Advncing Issues % Declining Issues % Volume % Up Volume % Down Tody 88% 18% 82% 43% 57% 49% 51% Yesterdy 91% 88% 12% 75% 25% 75% 25% Pge 16

17 NASDAQ 100 Key Trendfinder Indictor Sttistics Demnd Supply Purchsing 30 Dy Stochstic 14 Dy Stochstic Dte Power Pressure Power Indictor Fst Slow Fst Slow Mr 16 Down 1 to 403 Flt 0 t 389 Flt 0 t Mr 17 Flt 0 t 403 Flt 0 t 389 Flt 0 t Mr 20 Down 2 to 401 Up 1 to 390 Flt 0 t Mr 21 Down 6 to 395 Up 9 to 399 Down 11 to Mr 22 Up 2 to 397 Down 3 to 396 Up 3 to Mr 23 Down 3 to 394 Up 1 to 397 Down 1 to The NDX PPI Needs to rise ove positive for New Buy Signl. Tody Yesterdy NDX 10 Dy Averge Advnce/Decline Line Indictor (+30 Extreme Overought/-30 Extreme Oversold) Tody s Technology NDX Mrket Comments The NDX Short-term key Trend-finder Indictors generted Sell signl Tuesdy, Mrch 21st, 2017, nd remin there Mrch 23rd, The NDX Purchsing Power Indictor generted Sell on Mrch 21st, the NDX 14 Dy Stochstic triggered Sell signl on Mrch 21st, 2017 nd the 30 Dy Stochstic triggered Sell signl on Decemer 30th. When ll three component indictors re in greement on signls, it is consensus directionl signl. When they differ, it is sidewys signl. The NDX Demnd Power / Supply Pressure Indictor moved to n Exit Long positions signl Tuesdy, Mrch 21st. On Thursdy Mrch 23rd, Demnd Power fell 3 to 394, while Supply Pressure up 1 to 397, telling us Thursdy s drop ws mild. The NDX 10 Dy Averge Advnce/Decline Line Indictor triggered Buy signl Mrch 16th, needing to fll elow negtive for new Sell. It fell to positive Thursdy, Mrch 23rd, Pge 17

18 Smll Cp Stock Trends Signls (For the RUSSELL 2000) Short-term Horizon (Over the Next 2 Weeks Hourly nd Dily Trders): (Young, (More Trend Likely, Mturing, More Trend Possile or Old) or Approching End) Buy or Sell Dte of RUT Age of Signl s Sttus Indictor Nme Signl Signl Signl Interprettion RUT Purchsing Power Indictor: Sell 03/21/17 1, Young More Trend Likely Dte Purchsing Power Indictor Mr 16 Up 1 to Mr 17 Up 2 to Mr 20 Down 1 to Mr 21 Down 11 to Mr 22 Flt 0 t Mr 23 Up 2 to The RUT PPI Must rise ove positive for New Buy. Key Russell 2000 Internl Strength Sttistics for Thursdy, Mrch 23rd: Volume s % 10 Dy Avg. Advncing Issues Declining Issues Advncing Issues % Declining Issues % Volume % Up Volume % Down 10 Dy Averge Advnce/Decline Line Indictor (+500 Extreme Overought/-500 Extreme Oversold) Tody 86% % 23% 65% 35% Yesterdy 94% % 59% 49% 51% Pge 18

19 Mining Stocks Signls (For the HUI nd Hs Excellent Correltion with Gold) Short-term Horizon (Over the Next 2 Weeks Hourly nd Dily Trders): (Young, (More Trend Likely, Mturing, More Trend Possile or Old) or Approching End) Buy or Sell Dte of HUI Age of Signl s Sttus Indictor Nme Signl Signl Signl Interprettion HUI Purchsing Power Indictor: Buy 3/15/ Young More Trend Likely Medium-term Horizon (Over the Next 2 to 4 Weeks Dily Trders): (Young, (More Trend Likely, Mturing, More Trend Possile or Old) or Approching End) Buy or Sell Dte of HUI Age of Signl s Sttus Indictor Nme Signl Signl Signl Interprettion 30 Dy Stochstic Indictor: Buy 3/22/ Young More Trend Likely Key HUI Internl Strength Sttistics for Thursdy, Mrch 23rd: Volume s % 10 Dy Avg. Points % Up Points % Down Advncing Issues % Declining Issues % Volume % Up Volume % Down HUI Purchsing Power Indictor 30 Dy Stochstic Fst 30 Dy Stochstic Slow Demnd Power Level Supply Pressure Level Tody 90% 3% 97% 15% 85% 10% 90% to to 433 Yesterdy 81% 86% 14% 60% 40% 73% 27% to to 431 Pge 19

20 TRADERS CORNER For Stndrd nd Pltinum Suscriers How Eductionl Trding is Offered We offer three Investing/Trding Services. Stndrd suscriers hve ccess to two of the three. Pltinum suscriers hve ccess to ll three. The first Service is our Conservtive Portfolio model. This is ville to ll suscriers. We hve six ctegories of investments in this model; Csh, U.S. Government Securities, Gold, Buy nd Hold, Mrket Timing, nd Specultive. The detils nd philosophy cn e red t the Conservtive Portfolio model utton t the left of the home pge. Our gol with this portfolio is to et the S&P 500 while generting positive returns over the long run with low risk investments nd trding strtegies. In other words, we do not wnt to lose money in ny one yer, yet over five yer period, wnt to hve returns fr in excess of the S&P 500. Since its inception in 2008, we hve chieved these gols. The Second Service is our Mrket Timing Trnsctions: Aville to ll Stndrd nd Pltinum suscriers, we conduct pproximtely 5 to 10 ETF or Leverged ETF trdes per yer, using our Secondry Trend Indictor, nd other key Indictors to generte returns of 5 to 10 percent per trde, hve 70 percent or more of our trdes e successful, with less thn 10 percent of our portfolio t risk t ny one time, nd with ech trnsction limited to mximum risk of 2 percent or our portfolio. These trnsctions re reported t the Trnsctions utton under the Conservtive Portfolio heder t the left of the home pge. The purpose of this segment is to e it more ggressive to enhnce overll performnce of the Conservtive Portfolio with overll miniml risk. The Third Service is our Pltinum Trding Service: Aville only to Pltinum suscriers, we conduct pproximtely 15 to 30 Long Options trdes (Long mens we ply mrkets to rise or fll, ut the mximum we cn lose is the mount invested) or Leverged ETF trdes per yer, using ll trding indictors t our disposl. This is the specultive segment of our Conservtive Portfolio, with totl risk t ny one time limited to 5 percent of our portfolio. We usully only hve 1 to 10 trdes outstnding t ny time. These trdes re reported t the Pltinum Current Trde utton t the upper left of the home pge. Detils nd philosophy, nd pst performnce, cn e ccessed t the FAQ nd Archives uttons under the Pltinum Heder t the upper left of the home pge. On good fith sis, Trdes re emiled to suscriers within 15 minutes of the time we conducted the trnsctions. We lso post detils of the trdes t the Conservtive Trnsctions utton or the Pltinum Current Trde utton within 15 minutes of when we conduct them. This is not trding dvice, is eductionl only. Pltinum Options Trding Service: Tody s Trdes There were 0 trdes tody, Mrch 23rd, There re 4 open positions s of tody, Mrch 23rd, Pltinum ETF Trding Service: There were 0 trdes tody, Mrch 23rd, There is 1 open position s of tody, Mrch 23rd, Conservtive Mrket Timing Service: There were 0 trdes tody, Mrch 23rd, There re 4 open positions s of tody, Mrch 23rd, Pge 20

21 PLATINUM TRADERS CORNER For Pltinum Suscriers Pst Performnce Summry For Closed Trdes By Yer From 2011 through Mrch 10th, 2017 Avg. $ # Closed # Winning % Winning # Losing Net Totl Invested Yer Trdes Trdes Trdes Trdes $ Profits Per Trde % 0 $ 4,553 $ 4, % 4 $ 144,736 $ 18, % 3 $ 28,882 $ 4, % 2 $ 74,418 $ 12, % 5 $ 92,470 $ 3, % 11 $ 16,240 $1, % 11 $ 11,380 $1,788 All of the ove trdes nd detils cn e reviewed t the Archived Trdes utton t the upper left of the home pge t IT SHOULD NOT BE ASSUMED THAT RECOMMENDATIONS MADE IN THE FUTURE WILL BE PROFITA- BLE OR WILL EQUAL THE PERFORMANCE OF THE SECURITIES IN THIS LIST Here is Performnce Summry for the first 6.20 Yers of the Progrm, From Jnury 1st, 2011 through Mrch 10th, 2017: # Totl Trdes 217 # Winning Trdes 179 # Losing Trdes 38 % Winning Trdes 82.4% Avg. $ Invested Per Trde $7,525 Net $ Profits (Loss) Relized $384,595 Profits If My People who re clled y My nme, Humle themselves nd pry, nd seek My fce And turn from their wicked wys, Then I will her from heven, will forgive their sin, And will hel their lnd. 2 Chronicles 7: 13,14 Pge 21

22 TRADERS CORNER For Pltinum Suscriers Pst Performnce for 2016 The Performnce results for our Pltinum Trding Progrm for the 12 Months of 2016, Jnury 1st, 2016 through Decemer 31st, 2016: There were 35 closed trdes during the first 12 Months of Thirtyone (88 percent) were winners, four were losers, none were rekeven. The net profits ccumulted on closed trdes were $144,736 in 12 Months, which is 48 times greter thn the list cost of 3 Yer Pltinum memership in just 12 Months! The verge dollrs t risk per trde cme to $18,990. The return on investment for the verge dollrs t risk on these closed trdes ws 662.1%. Detils for ll closed trdes in 2016 re ville for review t the Pltinum Archives utton t the upper left of the home pge t IT SHOULD NOT BE ASSUMED THAT RECOMMENDATIONS MADE IN THE FUTURE WILL BE PROFITABLE OR WILL EQUAL THE PERFORMANCE OF THE SECURITIES IN THIS LIST Here is Performnce Summry for the first 6.00 Yers of the Progrm, From Jnury 1st, 2011 through Decemer 31st, 2016: # Totl Trdes 212 # Winning Trdes 174 # Losing Trdes 38 % Winning Trdes 82.0% Avg. $ Invested Per Trde $7,575 Net $ Profits (Loss) Relized $380,525 Profits (erned 63 times the $5,995 list cost of 5 Yer Term Pltinum in just 6.0 yers). Jesus sid, "Do not let your hert e trouled; elieve in God, elieve lso in Me. In My Fther's house re mny dwelling plces; if it were not so, I would hve told you; for I go to prepre plce for you. If I go nd prepre plce for you, I will come gin nd receive you to Myself, tht where I m, there you my e lso. John 14: 1-3 Pge 22

23 TRADERS CORNER For Pltinum Suscriers Pst Performnce for 2015 The Performnce results for our Pltinum Trding Progrm for the Yer 2015, Jnury 1st, 2015 through Decemer 31st, 2015: There were 26 closed trdes during the 12 Months of Twentythree (88 percent) were winners, three losers, none were rekeven. The net profits ccumulted on closed trdes were $28,882 in 12 months, which is 5.7 times greter thn the list cost of 10 Yer term Pltinum memership in just 12 months! The verge dollrs t risk per trde cme to $4,229. The return on investment for the verge dollrs t risk on these closed trdes ws 582%. Detils for ll closed trdes in 2015 re ville for review t the Pltinum Archives utton t the upper left of the home pge t IT SHOULD NOT BE ASSUMED THAT RECOMMENDATIONS MADE IN THE FUTURE WILL BE PROFITABLE OR WILL EQUAL THE PERFORMANCE OF THE SECURITIES IN THIS LIST Here is Performnce Brekdown for Trdes Closed During the12 Months Ending Decemer 31st, 2015: # Totl Closed Trdes 26 # Winning Trdes 23 # Losing Trdes 3 % Winning Trdes 88% Net $ Profits (Loss) Relized $28,882 Jesus sid, "Do not let your hert e trouled; elieve in God, elieve lso in Me. In My Fther's house re mny dwelling plces; if it were not so, I would hve told you; for I go to prepre plce for you. If I go nd prepre plce for you, I will come gin nd receive you to Myself, tht where I m, there you my e lso. John 14: 1-3 Pge 23

24 TRADERS CORNER For Pltinum Suscriers Pst Performnce For Yers 2014 nd 2013 The Performnce results for our Pltinum Trding Progrm for the Yer 2014, Jnury 1st, 2014 through Decemer 31st, 2014: There were 30 closed trdes during the 12 Months of Twenty-eight (93 percent) were winners, two were losers, none were rekeven. The net profits ccumulted on closed trdes were $74,418, which is 37 times greter thn the $1,999 list cost of 19 Month memership. The verge dollrs t risk per trde cme to $12,052. The return on investment for the verge dollrs t risk on these closed trdes 517 %. Detils for ll closed trdes in 2014 re ville for review t the Pltinum Archives utton t the upper left of the home pge t IT SHOULD NOT BE ASSUMED THAT RECOMMENDA- TIONS MADE IN THE FUTURE WILL BE PROFITABLE OR WILL EQUAL THE PERFOR- MANCE OF THE SECURITIES IN THIS LIST Here is Performnce Brekdown for Trdes Closed During the12 Months Ending Decemer 31st, 2014: # Totl Closed Trdes 30 # Winning Trdes 28 # Losing Trdes 2 % Winning Trdes 93% Net $ Profits (Loss) Relized $74,418 The Performnce results for our Pltinum Trding Progrm for the Yer 2013, Jnury 1st, 2013 through Decemer 31st, 2013: There were 45 closed trdes during the 12 Months of Thirty-nine (86 percent) were winners, five were losers, one ws rekeven. The net gins ccumulted on closed trdes re $92,470. This ws 25.2 times greter thn the verge dollrs t risk per closed trde. The verge dollrs t risk per trde cme to $3,481. The nnulized return on investment for these closed trdes ws 2,656 %. Detils for ll closed trdes in 2013 re ville for review t the Pltinum Archives utton t the upper left of the home pge t IT SHOULD NOT BE ASSUMED THAT RECOMMENDA- TIONS MADE IN THE FUTURE WILL BE PROFITABLE OR WILL EQUAL THE PERFOR- MANCE OF THE SECURITIES IN THIS LIST Here is Performnce Brekdown for Trdes Closed During the12 Months Ending Decemer 31st, 2013: # Totl Closed Trdes 45 # Winning Trdes 39 # Losing Trdes 5 % Winning Trdes 86% Net $ Profits (Loss) Relized $92,470 Pge 24

25 c, e, 5, C, (E) 4 c, c, c, c c, d U.S. Election Dy Midest WAR Isrel vs.? Pslm 83 Wr? The finl wve 5-up of C-up is concluding multi-decde Jws of Deth topping pttern with n exhustion prolic rise. Wve 5-up is finishing this lrge pttern s Rising Berish Wedge. This would mke sense s these re typiclly termintion ptterns. In the ove modifiction, the wedge complies with EW rules where the middle wve, in this cse wve c-up, is not the shortest. This wedge hs n overthrow finl wve e-up which is little out of proportion, extending it higher ove the upper oundry line thn perfection, ut it works. Ech suwve from the August 2015 low, the strt of this wedge, consists of three suwves ech. Pge 25

26 {5} c, e, 5, C, (E) {1} {3} {4} {1} {2} {i} {ii} {2} {iii}{3} With the powerful downside momentum from Tuesdy, Mrch 21st s decline, nd new Sell signls in lmost ll of our short nd intermedite term indictors, it is possile tht stocks hve put in mjor top on Mrch 1st, 2017, nd hve strted significnt decline. If so, smll degree wve {3} down is underwy. Pge 26

27 {5} c, e, 5, C, (E) () (c ) {2} (1) (2) {ii} {1} () (4) (3) (5) {i} (1) {iii}{3} Aove is possile short-term Elliott Wve mpping of the decline tht strted on Mrch 1st, Pge 27

28 e, 5, C, (E) The rek elow the upper oundry of the Rising Wedge Mrch 21st, 2017 is Berish. c, c, c c, d U.S. Election Dy Midest WAR Isrel vs.? Pslm 83 Wr? 4 The S&P 500 looks hve completed Rising Berish Wedge tht leds to the top of Grnd Supercycle degree wve {III}. The decline Tuesdy, Mrch 21st elow the upper oundry of this pttern is Berish. Pge 28

29 NDX e, c, E, C up of (B) The rek elow the upper oundry of the Rising Wedge Mrch 21st, 2017 is Berish. c d D The NASDAQ 100 looks to hve finished wve c-up of E-up of C-up to complete primry degree (B) up. The decline elow the upper oundry of the Rising Wedge pttern on Mrch 21st, 2017 is Berish. This increses the risk tht mssive decline is eginning, primry degree wve (C ) down. Pge 29

30 c e, B 1 i {iii} 3 d d c, A c 2 ii e, C, (2) Price Trget 1,000ish The rlly decisively ove 1,150 confirms wve e-down hs finished nd strong Bull mrket hs strted. The first mjor upside price trget reched 1,300ish, wve 1-up. Then wve 2-down follow s Flt, nd looks complete. Wve 3-up hs likely strted. There should e five suwves for 3-up. Gold my e declining in corrective wve ii down inside 3-up. Overought redings in the Full Stochstics suggests the third nd finl suwve for ii down is next. GLD looks to hve finished corrective wve 2-down. A powerful rlly is next, tking GLD to t lest 135ish. Wve 3-up hs strted, nd the first suwve leg higher completed, nd smll corrective decline is underwy, ii down. Pge 30

31 iii 3 iii v, 1 i c, d d e, c iv i ii c, e, C, (2) c, 2 ii iii v, 1 iii 3 iv i i ii c, 2 ii c, e, C, (2) Pge 31

32 (3) v, 5, 5, (1) iii 3 c, A c e, B d c d e, 1 2 i ii c, 2 SLV, the exchnge trded fund for Silver, looks to hve finished wve 1-up, nd Silver hs just finished wves -down nd -up of n --c-down for 2-down. Within 3-up, next is decline to finish corrective wve ii-down. Silver finished wve e-down of C-down of (2) down nd hs strted wve (3) up. Pge 32

33 (3 ) III 2 3 HUI Mining Stocks hve roken decisively ove the Declining Wedge, signling new long-term Bull Mrket c d 1 e, 5, c, (2) 2 Mining Stocks hve completed Bullish Declining Wedge for wve 5 down of c-down to finish (2) down. Wve (3) up hs strted. Suwve 3-up my e strting. Dily Full Stochstics On Buy. 5, iii v, 1 iii 3 iv i {c } e, 5, c, (2) 1 i ii ii Upside Brekout from Declining Trend-chnnel is Bullish for Mining stocks. Pge 33

34 1. How Best to Use this Service: Glossry of Indictors We provide highly correltive trding/investing entry signl for ech of four time frmes of trding, Short (1 to 2 weeks), Medium (2 to 4 weeks), Intermedite ( 1 to 6 Months), nd Long, 6 Months to 2 yers. Specultive trding with options or futures works est using the Short nd Medium term trding indictors. Mrket Timing with Leverged ETFs work well with Medium nd Intermedite term trding indictors, while investing works est with the Long Term Trend Indictor signls. On pges 2 nd 3 we summrize our est indictors showing the trend for ech of these four timefrmes t ny given dy. Within the longer timefrmes cn e lesser timefrme signls going in the sme or different direction s the direction of the lrger timefrme s trend. In other words, over the course of two yer primry trend tht for exmple is on uy, suggesting stocks should rise for severl months or yers, there re periods of time where the trend my e either down or up within tht rising lrger trend. In other words, lrge stock mrket trends do not move in stright line. They stirstep higher if rising primry trend or stirstep lower if declining primry trend. This is the cse for ll timefrmes. There cn lwys e smller timefrme within ny timefrme tht sees stocks move in the sme or opposite direction of the lrger timefrme it is in. For exmple, stocks my rise during the dy, however they could decline in 3 of the 8 hours of trding yet still close higher for the dy. There re lwys suwves of price trends within wves of price trends t ny degree of trend. Pges 2 nd 3 of this report shows you four timefrmes nd the key trding signls relevnt for ech timefrme s current trend. But, it is importnt to understnd the ge of trend fter signl hs een given. Tht is ecuse ge offers exiting guidnce. Our Trend Indictors re entry signls. Our ge work identifies potentil exit points. Exiting is more of judgment cll the entering trde. Exiting is dependent upon the individul trder s risk ppetite, experience, finncil position, or trget profit gols. A trder chooses when to exit sed upon their unique sitution. Our ckground indictors nd Elliott Wve chrt work help identify the ge of trend. We show ckground indictors nd signls on pge 7 tht re useful for determining how old trend s signl is. For exmple, if rising trend s uy signl ws severl weeks go, we would not wnt to uy the mrket now if tht trend is pproching its conclusion, if its ge is extremely mture. On the other hnd, if the trend is young, if the uy signl still is young sed upon our ckground ge-identifying indictors nd signls, then we my wnt to jump in nd uy this trend even if it hs een going on for while. Age is not time dependent, lthough time cn e useful sucomponent for determining ge, ut ge is lso sed upon other fctors in ddition to time, such s overought or oversold levels, pproching cycle turn dtes, wekening momentum nd wekening internls, or completing wve mpping ptterns. We provide host of informtion in the ckground nd other sections of the report tht help determine the ge of trend nd the proility the trend is young, mturing, or old our three ge descriptive ctegories for trends. We predict the likely point where new trdle trend turn is occurring, ecuse it llows us to e redy to trde rnd new trend erly in its life nd get the mximum profit from tht new trend, either up or down. Trders cn enefit from declining trends y either plying short position with long puts or ETF funds, or y ctul shorting (very dngerous for the inexperienced), or y simply moving to csh until the decline is over nd prices re cheper to uy ck in. Age defining indictors nd signls, nd Elliott Wve mpping, nd cycle dte identifiction helps us predict or forecst the pproximte time for trend turn t vrying degrees of timefrmes, short, medium, intermedite or long. Most of our report focuses on ge defining informtion. However, confirmtion the trend hs in fct turned comes only when we get new trend trding signls shown on pges 2 nd 3. Those key trding indictor signls re the Purchsing Power Indictor (Short-term), the Demnd Power / Supply Pressure Indictor (Medium-term), the Secondry Trend Indictor (Intermedite-term), nd the Primry Trend Indictor (Long-term). These re not perfect, ut re highly correltive to identifying trends tht hve much further to go fter the new signl hs een generted. Once we hve these signls, suscriers cn use this informtion nywy they wnt to, ut it is recommended tht suscriers not rely solely upon these signls, since everyone hs different risk ppetite, experience, finncil positions, nd gols nd ojectives. The vlule informtion we provide should e used in conjunction with guidnce from your investment dvisor. Our work is eductionl. It is not ment to e investing or trding dvice. It is useful s tool for your investing decisions, ut is not to e considered our dvice to you. Wht we do offer for help in pplying this informtion is n eductionl service on how we re trding for ourselves sed upon this informtion. Pge 34

35 For Stndrd suscriers, we provide Conservtive Portfolio model where we show how we re investing nd trding. We divide the portfolio up into severl segments, shown t the Model utton under the Conservtive Portfolio heder t the left of our home pge. Stndrd suscriers cn see how we conduct 5 to 10 leverged ETF trdes per yer t the Trnsctions utton under the Conservtive Portfolio utton t our wesite. These trdes tke plce within the Mrket Timing segment of our Conservtive Portfolio nd im to chieve 5 to 10 percent profits for ech trde. Some trdes my lose money on occsion, s no system is perfect. We del in proilities, not certinties, ut we hope to e successful over 70 percent of the time. These trdes re eductionl, not dvice. We simply shre wht we re doing. We emil notices of these trnsctions within 15 minutes of when we conduct them. For Pltinum suscriers, we provide everything Stndrd Suscriers receive, plus we shre 15 to 30 trdes per yer tht we conduct primrily in the options mrkets. We uy puts or clls long, mening the mximum we cn lose is limited to our investment. We trget 30 to 50 percent profits on ech trde, nd im for success rte of 70 percent or etter. These trding services provide live rel time demonstrtion of how we use the trend trding signls nd ging indictors, cycles nd wve mpping to mke money, to enhnce returns on portfolios. We do not risk more thn 5 percent of our portfolio in options trdes. We elieve the returns we cn generte y risking only up to 5 percent in specultive trding is significnt enough to enhnce overll portfolio performnce ove wht cn e mde y investing in the S&P 500. In other words, we keep 95 percent of our Conservtive portfolio in conservtive investments, nd ggressively trde with options in only smll percent of the portfolio. Most trdes in the Pltinum progrm re less thn 2 percent of cpitl, nd there re usully only one or two trdes going on t time. These trdes re eductionl, not trding dvice. This service uses time tested technicl nlysis theory, which simply sys tht mrkets move sed upon the collective psyche of the msses of ll people on erth. Further, we elieve tht mrket moves re predictle s the mss psychology of investors with ll knowledge in totl cn e mesured. Mrkets mesure this mss psychology through price ehvior, which forms ptterns of price movement tht is in essence lnguge. The mrket knows where it is heded next, hs lnguge, tells us where it is heded with this lnguge, nd we cn understnd this lnguge through the study of technicl nlysis, which is wht we do here. Further, money cn e mde y mking investing decisions sed upon wht the mrket is sying t ny given timefrme. This is wht we do. We wish you success. The reminder of this glossry will define indictors, cycles, ptterns, nd wve mpping techniques tht either provide our key trding indictors shown on pges 2 nd 3 or provide ging informtion for these four key trding indictors. 2. Purchsing Power Indictor This is the est indictor we hve for defining the strt of new trends tht could lst 1 to 2 weeks, nd on occsion, up to 4 weeks. The reson this is so good t defining legitimte short-term trends nd does not get fked out y wek countertrend moves is ecuse this is momentum mesure tht identifies when there is enough power ehind trend turn to suggest new trend hs strted tht should produce continution of the new trend for severl percentge points in n index. This is proprietry mesure of supply nd demnd momentum. We clculte it t the end of every dy, sed upon closing dt. New uy signls re generted when this indictor moves 6 points ove its recent low, nd new sell signls re generted when this indictor moves 6 points elow its recent high. It is clculted seprtely for ech of the mjor stock mrket indices we cover: The Dow Industrils nd the S&P 500 shre the sme PPI indictor. We lso clculte this for the NASDAQ 100, the Russell 2000 smll cp index, the HUI Gold Bugs index, nd the Austrli SPASX200 index. Momentum is the key to finding trdle trends. Just like in life, if n oject is in motion with strong momentum, the oject will continue in tht sme direction for while. The greter the momentum, the further it moves. Our PPI identifies when there is sufficient momentum in new direction for stocks, tht the proility of the stock move continuing in tht sme direction is high. Purchsing Power Indictor needs the new trend to egin efore it genertes new signl. But tht is oky ecuse we do not wnt to enter trde unless the trend hs much further to go. Once we get new signl in the PPI, the odds re high prices will continue further in the sme direction, often identifying the likelihood of t lest 3 to 5 percent further move. Keep in mind, tht when plying options, 3 to 5 percent move cn result in 20 to 100 percent returns depending upon which term nd strike price is chosen for the trde. Or if plying Leverged ETF s, returns of 5 to 15 percent re possile. This mens our Purchsing Power Indictor offers n enormous opportunity to mke ton of money to trders nd mrket timing investors. Pge 35

ROBERT D. MCHUGH, JR., Ph.D. Daily Market Forecasting and Trading Report

ROBERT D. MCHUGH, JR., Ph.D. Daily Market Forecasting and Trading Report ROBERT D. MCHUGH, JR., Ph.D. Dily Mrket Forecsting nd Trding Report An Eductionl Puliction of Min Line Investors, Inc. P.O. Box 1026 Issue No. 3090 Emil Address: Kimerton, PA 19442 Mondy, Mrch 27th, 2017

More information

SUMMARY OF INDEX DAILY CLOSINGS FOR FRIDAY, MAY 1st, Sep

SUMMARY OF INDEX DAILY CLOSINGS FOR FRIDAY, MAY 1st, Sep ROBERT D. MCHUGH, JR., Ph.D. Dily Mrket Newsletter A Puliction of Min Line Investors, Inc. P.O. Box 06 Issue No. 069 Emil Address: Kimerton, PA 9 Fridy, My st, 009 rmchugh@techniclindictorindex.com SUMMARY

More information

S&P 500 vs: Demand Power & Supply Pressure July 2008 to October 2008

S&P 500 vs: Demand Power & Supply Pressure July 2008 to October 2008 ROBERT D. MCHUGH, JR., Ph.D. Weekend Mrket Newsletter A Puliction of Min Line Investors, Inc. P.O. Box 06 Issue No. 93 Emil Address: Kimerton, PA 9 Fridy, Octoer th, 008 rmchugh@techniclindictorindex.com

More information

S&P 500 vs: Demand Power & Supply Pressure October 2009 to January 2010

S&P 500 vs: Demand Power & Supply Pressure October 2009 to January 2010 ROBERT D. MCHUGH, JR., Ph.D. Dily Mrket Newsletter A Puliction of Min Line Investors, Inc. P.O. Box 026 Issue No. 240 Emil Address: Kimerton, PA 9442 Tuesdy, Jnury 5th, 200 rmchugh@techniclindictorindex.com

More information

S&P 500 vs: Demand Power & Supply Pressure July 2008 to October 2008

S&P 500 vs: Demand Power & Supply Pressure July 2008 to October 2008 ROBERT D. MCHUGH, JR., Ph.D. Weekend Mrket Newsletter A Puliction of Min Line Investors, Inc. P.O. Box 06 Issue No. 953 Emil Address: Kimerton, PA 944 Fridy, Novemer 7th, 008 rmchugh@techniclindictorindex.com

More information

Technical Report Global Leader Dry Bulk Derivatives

Technical Report Global Leader Dry Bulk Derivatives Soybens Mrch 17 - Weekly Soybens Mrch 17 - Dily Source Bloomberg Weekly Close US$ 1,026 7/8 RSI 56 MACD Bullish, the hisgrm is flt S1 US$ 1,032 ½ S2 US$ 1,001 R1 US$ 1,072 R2 US$ 1,080 Dily Close US$ 1,042

More information

S&P 500 vs: Demand Power & Supply Pressure March 2010 to June 2010

S&P 500 vs: Demand Power & Supply Pressure March 2010 to June 2010 ROERT D. MCHUGH, JR., Ph.D. Weekend Mrket Newsletter A Puliction of Min Line Investors, Inc. P.O. ox 06 Issue No. Emil Address: Kimerton, PA 9 Fridy, June th, 00 rmchugh@techniclindictorindex.com SUMMARY

More information

Technical Report Global Leader Dry Bulk Derivatives. FIS Technical - Grains And Ferts. Highlights:

Technical Report Global Leader Dry Bulk Derivatives. FIS Technical - Grains And Ferts. Highlights: Technicl Report Technicl Anlyst FIS Technicl - Grins And Ferts Edwrd Hutn 44 20 7090 1120 Edwrdh@freightinvesr.com Highlights: SOY The weekly chrt is chowing lower high suggesting wekness going forwrd,

More information

FIS Technical - Capesize

FIS Technical - Capesize Technicl Report Technicl Anlyst FIS Technicl - Cpesize Edwrd Hutn 442070901120 Edwrdh@freightinvesr.com Client Reltions Andrew Cullen 442070901120 Andrewc@freightinvesr.com Highlights: Cpesize Index- Holding

More information

JOURNAL THE ERGODIC TM CANDLESTICK OSCILLATOR ROBERT KRAUSZ'S. Volume 1, Issue 7

JOURNAL THE ERGODIC TM CANDLESTICK OSCILLATOR ROBERT KRAUSZ'S. Volume 1, Issue 7 ROBERT KRUSZ'S JOURNL Volume 1, Issue 7 THE ERGODIC TM CNDLESTICK OSCILLTOR S ometimes we re lucky (due to our diligence) nd we find tool tht is useful nd does the jo etter thn previous tools, or nswers

More information

Technical Report Global Leader Dry Bulk Derivatives

Technical Report Global Leader Dry Bulk Derivatives Soybens Mrch 17 - Weekly Soybens Mrch 17 - Dily Weekly Close US$ 1,054 ½ RSI 59 MACD Bullish The hisgrm is widening S1 US$ 1,016 ½ S2 US$ 993 R1 US$ 1,071 R2 US$ 1,096 Dily Close US$ 1,030 RSI 60 MACD

More information

ROBERT D. MCHUGH, JR., Ph.D. Weekend Market Forecasting and Trading Report

ROBERT D. MCHUGH, JR., Ph.D. Weekend Market Forecasting and Trading Report ROBERT D. MCHUGH, JR., Ph.D. Weekend Market Forecasting and Trading Report An Educational Publication of Main Line Investors, Inc. P.O. Box 1026 Issue No. 3233 Email Address: Kimberton, PA 19442 Friday,

More information

Technical Report Global Leader Dry Bulk Derivatives. FIS Technical - Grains And Ferts. Highlights:

Technical Report Global Leader Dry Bulk Derivatives. FIS Technical - Grains And Ferts. Highlights: Technicl Report Technicl Anlyst FIS Technicl - Grins And Ferts Edwrd Hutn 442070901120 Edwrdh@freightinvesr.com Client Reltions Andrew Cullen 442070901120 Andrewc@freightinvesr.com Highlights: SOY remins

More information

Technical Report Global Leader Dry Bulk Derivatives. FIS Technical - Grains And Ferts. Highlights:

Technical Report Global Leader Dry Bulk Derivatives. FIS Technical - Grains And Ferts. Highlights: Technicl Report Technicl Anlyst FIS Technicl - Grins And Ferts Edwrd Hutn 44 20 7090 1120 Edwrdh@freightinvesr.com Highlights: SOY The weekly schstic is wrning slowing momentum in the mrket. USD 966 ¼

More information

A ppendix to. I soquants. Producing at Least Cost. Chapter

A ppendix to. I soquants. Producing at Least Cost. Chapter A ppendix to Chpter 0 Producing t est Cost This ppendix descries set of useful tools for studying firm s long-run production nd costs. The tools re isoqunts nd isocost lines. I soqunts FIGURE A0. SHOWS

More information

Technical Report Global Leader Dry Bulk Derivatives

Technical Report Global Leader Dry Bulk Derivatives Soybens November 16 - Weekly Soybens November 16 - Dily Source Bloomberg Weekly Close US$ 952 ½ RSI 43 MACD Berish, the hisgrm is flttening S1 US$ 943 ¼ S2 US$ 937 R1 US$ 977 ¾ R2 US$ 985 Dily Close US$

More information

PSAS: Government transfers what you need to know

PSAS: Government transfers what you need to know PSAS: Government trnsfers wht you need to know Ferury 2018 Overview This summry will provide users with n understnding of the significnt recognition, presenttion nd disclosure requirements of the stndrd.

More information

A Closer Look at Bond Risk: Duration

A Closer Look at Bond Risk: Duration W E B E X T E S I O 4C A Closer Look t Bond Risk: Durtion This Extension explins how to mnge the risk of bond portfolio using the concept of durtion. BOD RISK In our discussion of bond vlution in Chpter

More information

The IndoDairy Smallholder Household Survey From Farm-to-Fact

The IndoDairy Smallholder Household Survey From Farm-to-Fact The Centre for Glol Food nd Resources The IndoDiry Smllholder Household Survey From Frm-to-Fct Fctsheet 7: Diry Frming Costs, Revenue nd Profitility Bckground This fctsheet uilds on the informtion summrised

More information

SUMMARY OF INDEX DAILY CLOSINGS FOR FRIDAY JANUARY 18th, Sep

SUMMARY OF INDEX DAILY CLOSINGS FOR FRIDAY JANUARY 18th, Sep ROBERT D. MCHUGH, JR., Ph.D. Weekend Mrket Newsletter A Puliction of Min Line Investors, Inc. P.O. Box 06 Issue No. 749 Emil Address: Kimerton, PA 944 Fridy Jnury 8th, 008 rmchugh@techniclindictorindex.com

More information

ECON 105 Homework 2 KEY Open Economy Macroeconomics Due November 29

ECON 105 Homework 2 KEY Open Economy Macroeconomics Due November 29 Instructions: ECON 105 Homework 2 KEY Open Economy Mcroeconomics Due Novemer 29 The purpose of this ssignment it to integrte the explntions found in chpter 16 ok Kennedy with the D-S model nd the Money

More information

THE FINAL PROOF SUPPORTING THE TURNOVER FORMULA.

THE FINAL PROOF SUPPORTING THE TURNOVER FORMULA. THE FINAL PROOF SUPPORTING THE TURNOVER FORMULA. I would like to thnk Aris for his mthemticl contriutions nd his swet which hs enled deeper understnding of the turnover formul to emerge. His contriution

More information

Press Release. May 10, 2016 Page 1/6

Press Release. May 10, 2016 Page 1/6 Press Relese My 10, Pge 1/6 Cpitl goods businesses on trck in / / Price flls for mterils shrper nd longer-lsting thn expected / Full-yer forecst therefore lowered Cpitl goods businesses: order intke, sles

More information

OPEN BUDGET QUESTIONNAIRE UKRAINE

OPEN BUDGET QUESTIONNAIRE UKRAINE Interntionl Budget Prtnership OPEN BUDGET QUESTIONNAIRE UKRAINE September 28, 2007 Interntionl Budget Prtnership Center on Budget nd Policy Priorities 820 First Street, NE Suite 510 Wshington, DC 20002

More information

Grain Marketing: Using Balance Sheets

Grain Marketing: Using Balance Sheets 1 Fct Sheet 485 Grin Mrketing: Using Blnce Sheets Introduction Grin lnce sheets re estimtes of supply nd demnd. They re the key to understnding the grin mrkets. A grin frmer who understnds how to interpret

More information

3/1/2016. Intermediate Microeconomics W3211. Lecture 7: The Endowment Economy. Today s Aims. The Story So Far. An Endowment Economy.

3/1/2016. Intermediate Microeconomics W3211. Lecture 7: The Endowment Economy. Today s Aims. The Story So Far. An Endowment Economy. 1 Intermedite Microeconomics W3211 Lecture 7: The Endowment Economy Introduction Columbi University, Spring 2016 Mrk Den: mrk.den@columbi.edu 2 The Story So Fr. 3 Tody s Aims 4 Remember: the course hd

More information

The Market Approach to Valuing Businesses (Second Edition)

The Market Approach to Valuing Businesses (Second Edition) BV: Cse Anlysis Completed Trnsction & Guideline Public Comprble MARKET APPROACH The Mrket Approch to Vluing Businesses (Second Edition) Shnnon P. Prtt This mteril is reproduced from The Mrket Approch to

More information

Conditions for GrowthLink

Conditions for GrowthLink Importnt: This is smple of the policy document. To determine the precise terms, conditions nd exclusions of your cover, plese refer to the ctul policy nd ny endorsement issued to you. Conditions for GrowthLink

More information

Conditions for FlexiLink

Conditions for FlexiLink Conditions for FlexiLink Your policy 1 Wht your policy covers FlexiLink is single-premium investment-linked pln designed to increse the vlue of your investment. Through this pln, you cn invest in one or

More information

OPEN BUDGET QUESTIONNAIRE

OPEN BUDGET QUESTIONNAIRE Interntionl Budget Prtnership OPEN BUDGET QUESTIONNAIRE SOUTH KOREA September 28, 2007 Interntionl Budget Prtnership Center on Budget nd Policy Priorities 820 First Street, NE Suite 510 Wshington, DC 20002

More information

SUMMARY DAILY STATISTICS FOR FRIDAY FEBRUARY 6th, Closing Price Demand Supply Purchasing Date SP ASX 200 Power Pressure Power Indicator

SUMMARY DAILY STATISTICS FOR FRIDAY FEBRUARY 6th, Closing Price Demand Supply Purchasing Date SP ASX 200 Power Pressure Power Indicator ROBERT D. MCHUGH, JR., Ph.D. Australia Weekend Market Analysis A Publication of Main Line Investors, Inc. P.O. Box 1026 Issue No. 625 Email Address: Kimberton, PA 19442 Friday February 6th, 2009 rmchugh@technicalindicatorindex.com

More information

News Release Half-year Results 20 February Review of results and operations. Excluding significant items a

News Release Half-year Results 20 February Review of results and operations. Excluding significant items a News Relese 2018 Hlf-yer Results 20 Februry 2018 Review of results nd opertions Hlf-yer ended 31 December 2017 Reported Excluding significnt items Vrince to pcp (exc. sig. items) Operting revenue $35.9b

More information

FINANCIAL ANALYSIS I. INTRODUCTION AND METHODOLOGY

FINANCIAL ANALYSIS I. INTRODUCTION AND METHODOLOGY Dhk Wter Supply Network Improvement Project (RRP BAN 47254003) FINANCIAL ANALYSIS I. INTRODUCTION AND METHODOLOGY A. Introduction 1. The Asin Development Bnk (ADB) finncil nlysis of the proposed Dhk Wter

More information

SUMMARY DAILY STATISTICS FOR FRIDAY DECEMBER 12th, Closing Price Demand Supply Purchasing Date SP ASX 200 Power Pressure Power Indicator

SUMMARY DAILY STATISTICS FOR FRIDAY DECEMBER 12th, Closing Price Demand Supply Purchasing Date SP ASX 200 Power Pressure Power Indicator ROBERT D. MCHUGH, JR., Ph.D. Australia Weekend Market Analysis A Publication of Main Line Investors, Inc. P.O. Box 1026 Issue No. 591 Email Address: Kimberton, PA 19442 Friday December 12th, 2008 rmchugh@technicalindicatorindex.com

More information

MARKET POWER AND MISREPRESENTATION

MARKET POWER AND MISREPRESENTATION MARKET POWER AND MISREPRESENTATION MICROECONOMICS Principles nd Anlysis Frnk Cowell Note: the detil in slides mrked * cn only e seen if you run the slideshow July 2017 1 Introduction Presenttion concerns

More information

Guide to Reading Your Morgan Stanley Statement

Guide to Reading Your Morgan Stanley Statement Guide to Reding Your Morgn Stnley Sttement Your ccount sttement is vluble resource tht provides the informtion you need s you work with your Finncil Advisor towrds relizing your finncil objectives. By

More information

CH 71 COMPLETING THE SQUARE INTRODUCTION FACTORING PERFECT SQUARE TRINOMIALS

CH 71 COMPLETING THE SQUARE INTRODUCTION FACTORING PERFECT SQUARE TRINOMIALS CH 7 COMPLETING THE SQUARE INTRODUCTION I t s now time to py our dues regrding the Qudrtic Formul. Wht, you my sk, does this men? It mens tht the formul ws merely given to you once or twice in this course,

More information

Financial Mathematics 3: Depreciation

Financial Mathematics 3: Depreciation Finncil Mthemtics 3: Deprecition Student Book - Series M-1 25% p.. over 8 yers Mthletics Instnt Workooks Copyright Finncil mthemtics 3: Deprecition Student Book - Series M Contents Topics Topic 1 - Modelling

More information

Features. This document is part of the Terms and Conditions for Personal Bank Accounts Barolin St, PO Box 1063 Bundaberg Queensland 4670

Features. This document is part of the Terms and Conditions for Personal Bank Accounts Barolin St, PO Box 1063 Bundaberg Queensland 4670 S This document is prt of the Terms nd Conditions for Personl Bnk Accounts Issued by Auswide Bnk Ltd ABN 40 087 652 060/Austrlin Finncil Services & Austrlin Credit Licence 239686 Effective from June 4

More information

Chapter 02: International Flow of Funds

Chapter 02: International Flow of Funds Chpter 02: Interntionl Flow of Funds 1. Recently, the U.S. experienced n nnul lnce of trde representing.. lrge surplus (exceeding $100 illion). smll surplus c. level of zero d. deficit d 2. A high home

More information

(a) by substituting u = x + 10 and applying the result on page 869 on the text, (b) integrating by parts with u = ln(x + 10), dv = dx, v = x, and

(a) by substituting u = x + 10 and applying the result on page 869 on the text, (b) integrating by parts with u = ln(x + 10), dv = dx, v = x, and Supplementry Questions for HP Chpter 5. Derive the formul ln( + 0) d = ( + 0) ln( + 0) + C in three wys: () by substituting u = + 0 nd pplying the result on pge 869 on the tet, (b) integrting by prts with

More information

Arithmetic and Geometric Sequences

Arithmetic and Geometric Sequences Arithmetic nd Geometric Sequences A sequence is list of numbers or objects, clled terms, in certin order. In n rithmetic sequence, the difference between one term nd the next is lwys the sme. This difference

More information

OPEN BUDGET QUESTIONNAIRE SOUTH AFRICA

OPEN BUDGET QUESTIONNAIRE SOUTH AFRICA Interntionl Budget Prtnership OPEN BUDGET QUESTIONNAIRE SOUTH AFRICA September 28, 2007 Interntionl Budget Prtnership Center on Budget nd Policy Priorities 820 First Street, NE Suite 510 Wshington, DC

More information

What is Monte Carlo Simulation? Monte Carlo Simulation

What is Monte Carlo Simulation? Monte Carlo Simulation Wht is Monte Crlo Simultion? Monte Crlo methods re widely used clss of computtionl lgorithms for simulting the ehvior of vrious physicl nd mthemticl systems, nd for other computtions. Monte Crlo lgorithm

More information

International Budget Partnership OPEN BUDGET QUESTIONNAIRE POLAND

International Budget Partnership OPEN BUDGET QUESTIONNAIRE POLAND Interntionl Budget Prtnership OPEN BUDGET QUESTIONNAIRE POLAND September 28, 2007 Interntionl Budget Prtnership Center on Budget nd Policy Priorities 820 First Street, NE Suite 510 Wshington, DC 20002

More information

OPEN BUDGET QUESTIONNAIRE MACEDONIA

OPEN BUDGET QUESTIONNAIRE MACEDONIA Interntionl Budget Prtnership OPEN BUDGET QUESTIONNAIRE MACEDONIA September 28, 2007 Interntionl Budget Prtnership Center on Budget nd Policy Priorities 820 First Street, NE Suite 510 Wshington, DC 20002

More information

Access your online resources today at

Access your online resources today at 978--07-670- - CmbridgeMths: NSW Syllbus for the Austrlin Curriculum: Yer 0: Stte./. Access your online resources tody t www.cmbridge.edu.u/go. Log in to your existing Cmbridge GO user ccount or crete

More information

Pillar 3 Quantitative Disclosure

Pillar 3 Quantitative Disclosure Pillr 3 Quntittive Disclosure In complince with the requirements under Bsel Pillr 3 nd the Monetry Authority of Singpore (MAS) Notice 637 Public Disclosure, vrious dditionl quntittive nd qulittive disclosures

More information

INF 4130 Exercise set 4

INF 4130 Exercise set 4 INF 4130 Exercise set 4 Exercise 1 List the order in which we extrct the nodes from the Live Set queue when we do redth first serch of the following grph (tree) with the Live Set implemented s LIFO queue.

More information

CITY OF CHICAGO DEPARTMENT OF FINANCE APPLICATION FOR OFFER IN COMPROMISE OF A TAX DEBT BASED ON FINANCIAL HARDSHIP CITY OF CHICAGO

CITY OF CHICAGO DEPARTMENT OF FINANCE APPLICATION FOR OFFER IN COMPROMISE OF A TAX DEBT BASED ON FINANCIAL HARDSHIP CITY OF CHICAGO CITY OF CHICAGO DEPARTMENT OF FINANCE APPLICATION FOR OFFER IN COMPROMISE OF A TAX DEBT BASED ON FINANCIAL HARDSHIP CITY OF CHICAGO DEPARTMENT OF FINANCE (R-12/11) FINANCIAL HARDSHIP APPLICATION 1) Who

More information

PEARLS MONITORING SYSTEM

PEARLS MONITORING SYSTEM WORLD COUNCIL OF CREDIT UNIONS TOOLKIT SERIES Number 4 PEARLS MONITORING SYSTEM by: Dvid C. Richrdson World Council of Credit Unions 5710 Minerl Point Rod Mdison, Wisconsin, 52701, USA April, 2009 2009

More information

myifxbrokers Quick Start Guide

myifxbrokers Quick Start Guide myifxbrokers Quick Strt Guide myifxbrokers Jm-pcked with ll the fetures you expect from leding broker, myifxbrokers, is similr to high-powered exotic cr. You re plced firmly in the driver s set, controlling

More information

OPEN BUDGET QUESTIONNAIRE CZECH REPUBLIC

OPEN BUDGET QUESTIONNAIRE CZECH REPUBLIC Interntionl Budget Project OPEN BUDGET QUESTIONNAIRE CZECH REPUBLIC October 2005 Interntionl Budget Project Center on Budget nd Policy Priorities 820 First Street, NE Suite 510 Wshington, DC 20002 www.interntionlbudget.org

More information

The Morgan Stanley FTSE Growth Optimiser Plan

The Morgan Stanley FTSE Growth Optimiser Plan The Morgn Stnley FTSE Growth Optimiser Pln Offering choice of two FTSE 100 linked growth plns Choose the growth nd risk profile tht meets your investment needs The Morgn Stnley FTSE 100 Growth Optimiser

More information

Problem Set 2 Suggested Solutions

Problem Set 2 Suggested Solutions 4.472 Prolem Set 2 Suggested Solutions Reecc Zrutskie Question : First find the chnge in the cpitl stock, k, tht will occur when the OLG economy moves to the new stedy stte fter the government imposes

More information

Pillar 3 Quantitative Disclosure

Pillar 3 Quantitative Disclosure Pillr 3 Quntittive Disclosure In complince with the requirements under Bsel Pillr 3 nd the Monetry Authority of Singpore (MAS) Notice 637 Public Disclosure, vrious dditionl quntittive nd qulittive disclosures

More information

Third Quarter 2017 Results & Outlook October 26, 2017 CMS MODEL: CONSISTENT PAST WITH A SUSTAINABLE FUTURE

Third Quarter 2017 Results & Outlook October 26, 2017 CMS MODEL: CONSISTENT PAST WITH A SUSTAINABLE FUTURE Third Qurter 2017 Results & Outlook October 26, 2017 CMS MODEL: CONSISTENT PAST WITH A SUSTAINABLE FUTURE This presenttion is mde s of the dte hereof nd contins forwrd-looking sttements s defined in Rule

More information

OPEN BUDGET QUESTIONNAIRE

OPEN BUDGET QUESTIONNAIRE Interntionl Budget Project OPEN BUDGET QUESTIONNAIRE UNITED STATES October 2005 Interntionl Budget Project Center on Budget nd Policy Priorities 820 First Street, NE Suite 510 Wshington, DC 20002 www.interntionlbudget.org

More information

September 30, 2017 (Q2-2018) March 31, 2017 (FY2017) (Audited) (Audited) (Audited) (Audited) (Audited) (Audited) 1. Interest earned (a)+(b)+(c)+(d)

September 30, 2017 (Q2-2018) March 31, 2017 (FY2017) (Audited) (Audited) (Audited) (Audited) (Audited) (Audited) 1. Interest earned (a)+(b)+(c)+(d) 2 ICICI Bnk Limited CIN-L65190GJ1994PLC021012 Registered Office: ICICI Bnk Tower, Ner Chkli Circle, Old Pdr Rod, Vdodr - 390 007. Corporte Office: ICICI Bnk Towers, Bndr-Kurl Complex, Bndr (Est), Mumbi

More information

International Budget Partnership OPEN BUDGET QUESTIONNAIRE Slovenia, September 2009

International Budget Partnership OPEN BUDGET QUESTIONNAIRE Slovenia, September 2009 Interntionl Budget Prtnership OPEN BUDGET QUESTIONNAIRE Sloveni, September 2009 Interntionl Budget Prtnership Center on Budget nd Policy Priorities 820 First Street NE, Suite 510 Wshington, DC 20002 www.interntionlbudget.org

More information

First Assignment, Federal Income Tax, Spring 2019 O Reilly. For Monday, January 14th, please complete problem set one (attached).

First Assignment, Federal Income Tax, Spring 2019 O Reilly. For Monday, January 14th, please complete problem set one (attached). First Assignment, Federl Income Tx, Spring 2019 O Reilly For Mondy, Jnury 14th, plese complete problem set one (ttched). Federl Income Tx Spring 2019 Problem Set One Suppose tht in 2018, Greene is 32,

More information

checks are tax current income.

checks are tax current income. Humn Short Term Disbility Pln Wht is Disbility Insurnce? An esy explntion is; Disbility Insurnce is protection for your pycheck. Imgine if you were suddenly disbled, unble to work, due to n ccident or

More information

S&P 500 vs: Demand Power & Supply Pressure July 2008 to October 2008

S&P 500 vs: Demand Power & Supply Pressure July 2008 to October 2008 ROBERT D. MCHUGH, JR., Ph.D. Daily Market Newsletter A Pulication of Main Line Investors, Inc. P.O. Box 06 Issue No. 94 Email Address: Kimerton, PA 944 Wednesday, Octoer nd, 008 rmchugh@technicalindicatorindex.com

More information

OPEN BUDGET QUESTIONNAIRE FRANCE

OPEN BUDGET QUESTIONNAIRE FRANCE Interntionl Budget Project OPEN BUDGET QUESTIONNAIRE FRANCE October 2005 Interntionl Budget Project Center on Budget nd Policy Priorities 820 First Street, NE Suite 510 Wshington, DC 20002 www.interntionlbudget.org

More information

Earning Money. Earning Money. Curriculum Ready ACMNA: 189.

Earning Money. Earning Money. Curriculum Ready ACMNA: 189. Erning Money Curriculum Redy ACMNA: 189 www.mthletics.com Erning EARNING Money MONEY Different jos py different mounts of moneys in different wys. A slry isn t pid once in yer. It is pid in equl prts

More information

OPEN BUDGET QUESTIONNAIRE

OPEN BUDGET QUESTIONNAIRE Interntionl Budget Prtnership OPEN BUDGET QUESTIONNAIRE SLOVENIA September 28, 2007 Interntionl Budget Prtnership Center on Budget nd Policy Priorities 820 First Street, NE Suite 510 Wshington, DC 20002

More information

June 30, 2017 (Q1-2018) March 31, 2017 (FY2017) (Audited) (Audited) (Audited) (Audited) (Audited) (Audited) 1. Interest earned (a)+(b)+(c)+(d)

June 30, 2017 (Q1-2018) March 31, 2017 (FY2017) (Audited) (Audited) (Audited) (Audited) (Audited) (Audited) 1. Interest earned (a)+(b)+(c)+(d) Sr. ICICI Bnk Limited CIN-L65190GJ1994PLC021012 Registered Office: ICICI Bnk Tower, Ner Chkli Circle, Old Pdr Rod, Vdodr - 390 007. Corporte Office: ICICI Bnk Towers, Bndr-Kurl Complex, Bndr (Est), Mumbi

More information

UBS European Conference. Stefan Lippe, Chief Executive Officer 16 November 2011

UBS European Conference. Stefan Lippe, Chief Executive Officer 16 November 2011 UBS Europen Conference Stefn Lippe, Chief Executive Officer 16 November 2011 The rodmp Build on wht we re good t Outperform our peers Reinsurnce Admin Re Asset Mngement Smrt expnsion Corporte Solutions

More information

Roma December 2008 Cadastre and agriculture subsidies : the Spanish experience

Roma December 2008 Cadastre and agriculture subsidies : the Spanish experience Cdstre nd griculture susidies : the Spnish experience Evolution of the Common Agriculturl Policy (CAP), The role of Cdstre The LPIS nd the SIGPAC Towrds Interoperility Evolution of Common Agriculturl Policy

More information

This paper is not to be removed from the Examination Halls

This paper is not to be removed from the Examination Halls This pper is not to be remove from the Exmintion Hlls UNIVESITY OF LONON FN3092 ZA (279 0092) BSc egrees n iploms for Grutes in Economics, Mngement, Finnce n the Socil Sciences, the iploms in Economics

More information

International Budget Partnership OPEN BUDGET QUESTIONNAIRE United Kingdom, September 2009

International Budget Partnership OPEN BUDGET QUESTIONNAIRE United Kingdom, September 2009 Interntionl Budget Prtnership OPEN BUDGET QUESTIONNAIRE United Kingdom, September 2009 Interntionl Budget Prtnership Center on Budget nd Policy Priorities 820 First Street NE, Suite 510 Wshington, DC 20002

More information

Insurance trends in Asia. Clarence Wong, Chief Economist Asia Pacific 11 April 2011 Hong Kong

Insurance trends in Asia. Clarence Wong, Chief Economist Asia Pacific 11 April 2011 Hong Kong Insurnce trends in Asi Clrence Wong, Chief Economist Asi Pcific 11 April 2011 Hong Kong Asi's insurnce mrket outlook nd drivers 2 Asi is now significnt prt of the globl primry insurnce mrket Premiums,

More information

International Budget Partnership OPEN BUDGET QUESTIONNAIRE Sri Lanka, September 2009

International Budget Partnership OPEN BUDGET QUESTIONNAIRE Sri Lanka, September 2009 Interntionl Budget Prtnership OPEN BUDGET QUESTIONNAIRE Sri Lnk, September 2009 Interntionl Budget Prtnership Center on Budget nd Policy Priorities 820 First Street NE, Suite 510 Wshington, DC 20002 www.interntionlbudget.org

More information

Ricardian Model. Mercantilism: 17 th and 18 th Century. Adam Smith s Absolute Income Hypothesis, End of 18 th Century: Major Shift in Paradigm

Ricardian Model. Mercantilism: 17 th and 18 th Century. Adam Smith s Absolute Income Hypothesis, End of 18 th Century: Major Shift in Paradigm Mercntilism: th nd th Century Ricrdin Model lesson in Comprtive dvntge Trde ws considered s Zero-Sum Gme It ws viewed mens to ccumulte Gold & Silver Exports were encourged Imports were discourged End of

More information

FINANCIAL ANALYSIS I. INTRODUCTION AND METHODOLOGY

FINANCIAL ANALYSIS I. INTRODUCTION AND METHODOLOGY West Bengl Drinking Wter Sector Improvement Project (RRP IND 49107-006) FINANCIAL ANALYSIS I. INTRODUCTION AND METHODOLOGY A. Introduction 1. A finncil nlysis hs been conducted for the proposed West Bengl

More information

Addition and Subtraction

Addition and Subtraction Addition nd Subtrction Nme: Dte: Definition: rtionl expression A rtionl expression is n lgebric expression in frction form, with polynomils in the numertor nd denomintor such tht t lest one vrible ppers

More information

The MA health reform and other issues

The MA health reform and other issues The MA helth reorm nd other issues Gruer: three key issues or ny reorm Poolin Need wy to ornize helth cre other thn need Otherwise -- dverse selection Prolem: current system leves out smll irms Aordility

More information

)''/?\Xck_

)''/?\Xck_ bcbsnc.com Deductible options: $250, $500, $1,000 or $2,500 Deductible options $500, $1,000, $2,500, $3,500 or $5,000 D or (100% coinsurnce is not vilble on the $2,500 deductible option) coinsurnce plns:

More information

Trigonometry - Activity 21 General Triangle Solution: Given three sides.

Trigonometry - Activity 21 General Triangle Solution: Given three sides. Nme: lss: p 43 Mths Helper Plus Resoure Set. opyright 003 rue. Vughn, Tehers hoie Softwre Trigonometry - tivity 1 Generl Tringle Solution: Given three sides. When the three side lengths '', '' nd '' of

More information

Problem Set for Chapter 3: Simple Regression Analysis ECO382 Econometrics Queens College K.Matsuda

Problem Set for Chapter 3: Simple Regression Analysis ECO382 Econometrics Queens College K.Matsuda Problem Set for Chpter 3 Simple Regression Anlysis ECO382 Econometrics Queens College K.Mtsud Excel Assignments You re required to hnd in these Excel Assignments by the due Mtsud specifies. Legibility

More information

Exhibit A Covered Employee Notification of Rights Materials Regarding Allied Managed Care Incorporated Allied Managed Care MPN MPN ID # 2360

Exhibit A Covered Employee Notification of Rights Materials Regarding Allied Managed Care Incorporated Allied Managed Care MPN MPN ID # 2360 Covered Notifiction of Rights Mterils Regrding Allied Mnged Cre Incorported Allied Mnged Cre MPN This pmphlet contins importnt informtion bout your medicl cre in cse of workrelted injmy or illness You

More information

OPEN BUDGET QUESTIONNAIRE FRANCE

OPEN BUDGET QUESTIONNAIRE FRANCE Interntionl Budget Prtnership OPEN BUDGET QUESTIONNAIRE FRANCE September 28, 2007 Interntionl Budget Prtnership Center on Budget nd Policy Priorities 820 First Street, NE Suite 510 Wshington, DC 20002

More information

Buckling of Stiffened Panels 1 overall buckling vs plate buckling PCCB Panel Collapse Combined Buckling

Buckling of Stiffened Panels 1 overall buckling vs plate buckling PCCB Panel Collapse Combined Buckling Buckling of Stiffened Pnels overll uckling vs plte uckling PCCB Pnel Collpse Comined Buckling Vrious estimtes hve een developed to determine the minimum size stiffener to insure the plte uckles while the

More information

NEW DEVELOPMENTS VALUATION

NEW DEVELOPMENTS VALUATION VINH SON SONG HINH HYDROPOWER JSC (VSH) Nguyen Mnh Tu Emil: Tu.NguyenMnh@tls.vn Ticker: VSH - Exchnge: HSX Anlyst s opinion: BUY Trget Price: VND 12.837 STOCK STATISTICS Price s of 08/23/2010: VND 9,000

More information

Does Population Aging Represent a Crisis for Rich Societies?

Does Population Aging Represent a Crisis for Rich Societies? First drft Does Popultion Aging Represent Crisis for Rich Societies? by Gry Burtless THE BROOKINGS INSTITUTION Jnury 2002 This pper ws prepred for session of the nnul meetings of the Americn Economic Assocition

More information

style type="text/css".wpb_animate_when_almost_visible { opacity: 1; }/style

style type=text/css.wpb_animate_when_almost_visible { opacity: 1; }/style style type="text/css".wpb_nimte_when_lmost_visible { opcity: 1; }/style Sign in How py bills with bnk meric crd How py bills with bnk meric crd mobile How py bills with bnk meric crd & online bnking ccess

More information

Asset finance (US) Opportunity. Flexibility. Planning. Develop your capabilities using the latest equipment

Asset finance (US) Opportunity. Flexibility. Planning. Develop your capabilities using the latest equipment Asset finnce (US) Opportunity Develop your cpbilities using the ltest equipment Flexibility Mnge your cshflow nd ccess the technology you need Plnning Mnge your investment with predictble costs nd plnned

More information

P.O. Box 267, 14-18, Castle Street, St. Helier, Jersey JE4 8TP

P.O. Box 267, 14-18, Castle Street, St. Helier, Jersey JE4 8TP Securities Divion INITIAL REVIEW CHECKLIST FOR FUNDS P.O. Box 67, 14-18, Cstle Street, St. Helier, Jersey JE4 8TP Tel: (44) 1534 8000 Fx: (44) 1534 8047 April 008 Declrtion I/We declre tht informtion given

More information

Hedging the volatility of Claim Expenses using Weather Future Contracts

Hedging the volatility of Claim Expenses using Weather Future Contracts Mrshll School of Business, USC Business Field Project t Helth Net, Inc. Investment Deprtment Hedging the voltility of Clim Epenses using Wether Future Contrcts by Arm Gbrielyn MSBA Cndidte co written by

More information

PSJ Model Guidebook. Prepared: March 2011 Revised: April 2016 Japan Securities Dealers Association PSJ Calculation Statistics Council

PSJ Model Guidebook. Prepared: March 2011 Revised: April 2016 Japan Securities Dealers Association PSJ Calculation Statistics Council PJ Model Guidebook Prepred: Mrch 0 Revised: April 06 Jpn ecurities Delers Assocition PJ Clcultion ttistics Council Tble of Contents Forwrd to the English Lnguge Version... Forwrd to the Jpnese Lnguge Version...

More information

Effects of Entry Restriction on Free Entry General Competitive Equilibrium. Mitsuo Takase

Effects of Entry Restriction on Free Entry General Competitive Equilibrium. Mitsuo Takase CAES Working Pper Series Effects of Entry Restriction on Free Entry Generl Competitive Euilirium Mitsuo Tkse Fculty of Economics Fukuok University WP-2018-006 Center for Advnced Economic Study Fukuok University

More information

VISAGAR FI_NANCIAL SERVICES. LIMITED

VISAGAR FI_NANCIAL SERVICES. LIMITED 2 Expenses ) ost of Mterils onsumed ) Purchse of stock intrde hnges in inventories of finished goods, workinprogress nd c) stockintrde. e) f) g) 3 4 Exceptionl items 5 Profit/ (Loss) from ordinry ctivities

More information

Insuring Your Success. Bringing African Opportunities Closer

Insuring Your Success. Bringing African Opportunities Closer Insuring Your Success Bringing Africn Opportunities Closer WHO WE ARE We offer vriety of insurnce nd finncil products tilored to the needs of investors, bnks, exporters, importers nd contrctors. WE PROVIDE

More information

8.1 External solid plastering

8.1 External solid plastering 8.1 Externl solid plstering Aims nd ojectives At the end of these ctivity sheets, lerners should e le to: understnd the preprtion of ckgrounds identify the mterils used for externl plstering identify the

More information

Choice of strategic variables under relative profit maximization in asymmetric oligopoly

Choice of strategic variables under relative profit maximization in asymmetric oligopoly Economics nd Business Letters () 5-6 04 Choice of strtegic vriles under reltive profit mximiztion in symmetric oligopoly Atsuhiro Stoh Ysuhito Tnk * Fculty of Economics Doshish University Kyoto Jpn Received:

More information

AS and A Level Economics A

AS and A Level Economics A AS nd A Level Economics A Getting Strted Guide Person Edexcel Level 3 Advnced GCE in Economics A (9EC0) Person Edexcel Level 3 Advnced Susidiry GCE in Economics A (8EC0) Getting Strted: AS nd A level Economics

More information

Economics Department Fall 2013 Student Learning Outcomes (SLOs) Assessment Economics 4 (Principles of Microeconomics)

Economics Department Fall 2013 Student Learning Outcomes (SLOs) Assessment Economics 4 (Principles of Microeconomics) Jnury 2014 Economics Deprtment Fll 2013 Stuent Lerning Outcomes (SLOs) Assessment Economics 4 (Principles of Microeconomics) Lerning Outcome Sttement: In the Fll 2013 semester the Economics Deprtment engge

More information

Market Commentary October 15th th, 2017 U.S. Stocks Approaching a Major Top

Market Commentary October 15th th, 2017 U.S. Stocks Approaching a Major Top Market Commentary October 15th th, 2017 U.S. Stocks Approaching a Major Top By Robert McHugh, Ph.D. October 15th, 2017 Patterns and wave mappings are warning that a major stock market top is approaching.

More information

Swiss Re reports nine months 2017 loss of USD 468 million after large insurance claims from recent natural catastrophe events

Swiss Re reports nine months 2017 loss of USD 468 million after large insurance claims from recent natural catastrophe events News relese Swiss Re reports nine months 2017 loss of USD 468 million fter lrge insurnce clims from recent nturl ctstrophe events Group net loss of USD 468 million for the first nine months 2017; impcted

More information

Overreaction in the Australian equity market:

Overreaction in the Australian equity market: Pcific-Bsin Finnce Journl 8 2000 375 398 www.elsevier.comrloctereconse Overrection in the Austrlin equity mrket: 1974 1997 Clive Gunt ) Fculty of Business, Queenslnd UniÕersity of Technology, 2 George

More information