Make your own free website on Tripod.com

PulseScan Technology

PulseScan Swing Vix Daily Market FORECAST
Home
Vulcan Report Archieves
Secrets To Successful Investing

 

 

 

  THE INVESTORS EDGE           

 

 

 

 

PULSE SCAN S&P 500 Index Futures Daily FORECAST

 

Thursday August 07, 2003. 07.30am EST.
Pulse Scan Daily Forecast
By Pulse Scan Technology

http://pulsescan.tripod.com/pulsescantechnology

 

 

Daily Forecasts

Kindly note that forecasts are updated weekdays between 7:30p.m. And 09:30a.m. (EST). Please click on the link

above or below to access the full website. Good luck and good trades. Also, do to changing market conditions the

below commentary and its precise entry and exit points, stop-loss levels and positions could change without notice.

Positions also could be liquidated, and/or new positions added without notice. Thus, the below commentary could

change so be aware of this before trading.

If you have any questions feel free to call me @ (240) 299-5447 or e-mail me @ ninilamar@lycos.com

 

 

                                                  

CHICAGO MERCANTILE EXCHANGE CME

 

FUTURES CONTRACTS

50 DAY TREND

PROJECTED Close

Pulse Scan SWING VIX

Ticker Symbol: ESU3 / $SPX

 

 

 

E-mini S&P 500  (GLOBEX)

Support @ 977.50

 Above 965.00

*** -  .26 HEADED LOWER!

 

 

 

Pulse Scan Daily Market Commentary

 

 

 

 

 

MARKET OUTLOOK: E-mini S&P 500 / $SPX

Early US session                           

 

 

 (TODAYS TECHNICALS)

 *TITLE/TOPIC:  The New Bear Market

 

*CHART: The Chart is NOW technically Bearish.

*PULSE SCAN: (The Pulse Scan SWING VIX Indicator):  The indicator has lost upside momentum and is now on the side.

*SO WHAT?  "NO TRADE ENTRY DAY - in the E-mini S&P 500.  Watch for the GAP on the Open and trade the RVSL accordingly.

 

*MARKET WATCH: Yesterdays price action has now decidedly turned Bearish.  The S&P 500 managed to close below the 50-Day Trend Line support and well below the 10-Day support as well. This could very well be the beginning of the next Bear Market. The

True Test could come later this morning when the Employment numbers come out.

 

Bond Watch: Expect steady to slightly lower interest rates today. The 10-year Note is now in a Bear Market. ALL rallies should be faded (Shorted) i.e. expected to short lived. Homeowners should lock in rates today on Refinance loans. Interest rates should continue to climb into the fall UNLESS we get a significant sell off in the stock market. Once fear and panic set it then the Bonds should be able to rally back into Bullish territory. However, until then expect interest rates to continue to climb. Steady to slightly lower rates are expected today.

 

Day Trade Entry: (E-mini S&P 500 FUTURES) Buy @ 976.00, Stop-Loss @ 971.00, Profit Target @ 982.00

 

 

 

MARKET TYPES

 

*"GAP-MOVE" ENTRY Days: These days are more common after a significant rally or sell-off they appear during a brief

 period of consolidation within the trend. You must remember to watch the market and wait on the pullback before fading

 the GAP and entering the trade. However, watch for the whipsaw that is more common on these days especially when

taking on the reversal.  

*NOTE: Remember to use tight 4.25 - 7.25 pt stop-losses in the E-mini S&P 500 if you decide to "DAY TRADE" instead of taking the exact recommendation.  Otherwise, use the recommended "Volatility Stop-loss".  Also, watch for the GAP on the Open and trade the RVSL accordingly.

 

*"BREAK-OUT" ENTRY Days: These days are less common but have a very high accuracy rate and are major trade signals. These types of breakouts tend to be very powerful moves and are typical within the current market trend. Usually, they occur while in a brief consolidation within the current trend after a strong move (but not always).

*NOTE: Remember to use tight 4.25 - 7.25 pt stop-losses in the E-mini S&P 500 if you decide to "DAY TRADE" instead of taking the exact recommendation.  Otherwise, use the recommended "Volatility Stop-loss".  Also, watch for the GAP on the Open and trade the RVSL accordingly.

 

*"TRENDING" ENTRY Days:  These are days were the market is expected to rally after a pullback. It should be noted that although it is also possible to get whipsawed on trending days as the market tends to run out of steam and consolidate intra-day these trades tend to yield substantial profits as the market begins to break out into higher highs as the trend begins to resume. *NOTE: Remember to use tight 4.25 - 7.25 pt stop-losses in the E-mini S&P 500 if you decide to "DAY TRADE" instead of taking the exact recommendation.  Otherwise, use the recommended "Volatility Stop-loss".  Also, watch for the GAP on the Open and trade the RVSL accordingly.

 

 

 

*(THE BIG PICTURE!)  Both the Ten-year Note and the US Stock Market have run their course. As a result Interest rates should remain steady to slightly higher. We may have seen the end of the historic lows in short-term interest rates. Bonds wont recovery until we see a significant sell off in the stock market, and/or the Fed starts buying back the long end of the yield curve in a last ditch effort to prop up the economy. The only thing that is holding this economy together right now is the Real estate market (especially the Refinance Boom!). Once that bubble pops ALL HELL will break loose and that will send the stock market into a parabolic move to the downside. A Bear market of historic proportions. The Fed does not want to see the only thing holding the economy together Collapse because of rising interest rates and a falling Bond market. If necessary the Fed will not only start buying the long end of the yield curve but will also continue cutting interest rates until we see a full economic recovery even if it means rates go to zero!!!   I still believe that the Euro should still outperform the Dollar in the long run as the stock market eventually sells off well into catastrophic proportions thus bringing about fear and great panic abroad. After the next stock market downturn we should consolidate on the next retracement off the new lows and probably wont see a "V" type recovery but instead a very long "U" shape recovery that could last several years or at least until the U.S. economy experiences a full and total economic recovery. However, if our long-term outlook is correct (the S&P 500, NASDAQ 100 and the DOW should drop significantly below there 50-Day Support levels!) If this happens both the Euro and the Bonds should continue on their upward course toward the 1.50 levels and BEYOND without any significant technical damage on pullbacks. However, this is just an opinion and anything could happen between now and then to significantly change the overall perspective as well as the future economic outlook.

 

*NOTE: The "RVSL" - Reversal technique (Shorting instead of Buying or Buying instead of Shorting on the initial entry) should be employed on all GAP-Up or GAP-Downs on the Open (on "RVSL" days in an Overbought/Oversold situation); in conjunction with using the Stop & Reverse once the initial Long/Short Entry Trade has been triggered during Overbought and Oversold market conditions.   *DAY TRADES:  (Unless you are Day Trading you should always use the recommended "Volatility Stop-Loss").  A reasonable profit target on Individual Stock trades is in the $1.25 - $2.25 range with an initial $3.00 - $7.00 stop loss.  The same is true on all Futures trades. A reasonable profit target on Futures trades is in the 1.25 - 2.25 point range with an initial 3.00 - 7.00 point stop loss. You can widen your stop loss or lesson your stop loss and or profit target according to your tolerance for risk. On the Euro/USD FX & Euro Currency Futures contracts you may want to consider a 10-pip profit target w/an initial 15 - 30 pip stop loss. Example: 1.0700 entry point with an initial stop-loss @ 1.0690 and a profit target @ 1.0710. Your best bet is to allow the market to trigger the entry points instead of chasing the market (dont worry if you miss a break-out) and avoid after hours and pre-market trading. In other words dont trade on the close i.e. dont hold over night positions, and dont enter the market until after 9:30am EST if at all possible. NEVER!!! Trade ahead of ANY! Government/Economic report, Earnings News or Fed decision (i.e. interest rate decision) However, there are always exceptions to this rule!

 

*NOTE: It is always better to use the recommended Volatility Stop-Loss recommendation below. This will allow you to avoid choppy sideways movement and help to keep your position safe during intra-day volatility.  Also by using the recommended profit target will help to let your profits run while cutting your losses short. Remember to manage your position with a trailing stop. Don't ever turn a profitable trade into a loser because of greed.

 

 

 ENTRY POINTS:                         Buy / Sell Recommendations

CHICAGO MERCANTILE EXCHANGE - CME

            Entry Point

          BREAK-OUT

Volatility Stop-Loss

 / Profit Target

ESU3 / $SPX

 

 

                 

E-mini S&P 500 FUTURES (GLOBEX)

 * NO TRADE

               @ ---.--

 @ ---.-- / @ ---.--

 

 

*     Recommended trade of the day (highest probability trade). 

** MOC = Market on Close.

*** +. 29 = Overbought (+.40 Extreme Overbought)  /   -.29 = Oversold (-.40 Extreme Oversold)

**** Stop & Reverse.

 

NOTE: BE CAREFUL!! The volatility in this market is amazing and holding positions over the weekend could be risky as anything could happen over the weekend that could adversely affect the position. DONT HOLD POSITIONS OVER THE WEEKEND!!!!

ALL positions are liquidated by the close of each trading session. However, there are always exceptions to this rule!

 

 

 

 

 

*******ALERT********

 

TRADE AT YOUR OWN RISK!!!

 

Please if at all possible try and wait until after 9:30am EST and preferably after 10:30am EST before placing orders. If your trade is not triggered within the 1st hour of trading then CANCEL the order and stay out! AVOID trading ahead of ANY Government report or Earnings news. This will give the market some time to shake out the weak hands. Also, because some stocks including the S&P 500 E-mini FUTURES trade around the clock and/or have after market trading, you will need to wait until the influx of cash has moved into the market from the sidelines.

 

A reasonable profit target on Individual Stock trades is in the $1.25 - $2.25 range with an initial $3.75 stop loss.

The same is true on all Futures trades. A reasonable profit target on Futures trades is in the 1.25 2.25 point range with an initial 3.75-point stop loss. You can widen your stop loss or lesson your stop loss and or profit target according to your tolerance for risk. On the Euro/USD FX & Euro Currency Futures contracts you may want to consider a 10-pip profit target w/an initial 15-pip stop loss. Example: 1.0700 entry point with an initial stop-loss @ 1.0650 and a profit target @ 1.0725.

 

 

 

NOTE:  Don't have time to watch the market? Do you require more than just the standard complimentary service? Do you require more in-depth analysis, market timing and trading signals? You can have it ALL, specific timing signals that are tailored to your portfolio, now available on our Premium service. Please check the website for further details and pricing.

 Or call (240) 299-5447.or email at ninilamar@lycos.com

 

 

THERE IS RISK OF LOSS IN TRADING FUTURES

 

 

 

*VERY IMPORTANT!!!

***************************DISCLAIMER*****************************

 

THERE IS RISK OF LOSS IN TRADING INDIVIDUAL STOCKS, OPTIONS ON INDIVIDUAL STOCKS, FUTURES, OPTIONS ON FUTURES, AND FOREX CURRNCIES.

 

INDIVIDUAL STOCKS, OPTIONS ON INDIVIDUAL STOCKS, FUTURES, OPTIONS ON FUTURES, AND FOREX CURRNCY trading has large potential rewards, but also large potential risks. You must be aware of the risks and willing to accept them in order to invest in the individual stocks, Options on Individual Stocks, Futures, Options on Futures, and FOREX Currency markets.  Dont trade with money you cant afford to lose. This is neither a solicitation nor an offer to buy/sell Individual Stocks, Options on Individual Stocks, Futures, Options on Individual Futures, and FOREX Currencies.

 

NOTICE:   Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also since the trades have not actually been executed, the results may have under or overcompensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown.

 

This is neither a solicitation nor advertisement to buy/sell securities. Neither, Pulse Scan Technologies, its staff nor affiliates are licensed Investment Advisors or Broker Dealers. You should seek professional advise from your financial advisor before making any investment decisions.

 

The author assumes no responsibilities for actions taken by readers. The author is not providing investment advice. The author does not make any claims, promises, or guarantees that any suggestions, systems, methods, trading strategies, or information will result in a profit, loss, or any other desired result. All readers assume all risk, including but not limited to the risk of losses.

 

The past result of any trading or investment system is not necessarily indicative of future performance.

These views/ forecasts/ suggestions, though preferred with the best of intentions, are based on our reading of the market at the time of writing. They are subject to change without notice. Though the information sources are believed to be reliable, the information is not guaranteed for accuracy. Those acting in the market on the basis of these are themselves responsibly for any profits or losses that might occur, without recourse to us. World financial markets, and especially the Foreign Exchange markets, are inherently risky and it is assumed that those who trade these markets are fully aware of the risk of real loss involved.

Pulse Scan Technology tries to ensure that the information provided is complete and correct but information and opinions do change without notice so readers are advised to check back regularly before making any decisions. There may be delays, omissions or inaccuracies in information contained in this website, E-mail, Newsletter, correspondence, and ALL written and/or verbal, Telephonic and electronic mediums. Pulse Scan Technology does not accept any liability in this regard.

 

Copyright 2003 Pulse Scan Technology, All rights reserved

 

 

 

 

 

click here to download file Today's FORECAST (10 Sept 2003)

 

 

 

 

 

 

 PulseScan Swing Vix Daily Market FORECAST

 

 

 

 

 

 

  THE INVESTORS EDGE           

 

 

 

 

PULSE SCAN S&P 500 Index Futures Daily FORECAST

 

Tuesday Sept 09, 2003. 07.30am EST.
Pulse Scan Daily Forecast
By Pulse Scan Technology

http://pulsescan.tripod.com/pulsescantechnology

Daily Forecasts

Kindly note that forecasts are updated weekdays between 7:30p.m. And 09:30a.m. (EST). Please click on the link

above or below to access the full website. Good luck and good trades. Also, do to changing market conditions the

below commentary and its precise entry and exit points, stop-loss levels and positions could change without notice.

Positions also could be liquidated, and/or new positions added without notice. Thus, the below commentary could

change so be aware of this before trading.

If you have any questions or if for any reason you don't receive your Daily Forecast please feel free to call me @ (240) 299-5447 or e-mail me @ pulsescan@yahoo.com

____________________________________________________________________________________

MARKET OUTLOOK: E-mini S&P 500 / $SPX
Early US session (TODAYS TECHNICALS)

CHICAGO MERCANTILE EXCHANGE CME

FUTURES CONTRACTS

50 DAY TREND

PROJECTED Close

Pulse Scan SWING VIX

Ticker Symbol: ESU3

Support @ 1010.25

   

E-mini S&P 500 (GLOBEX)

Intra-Day Support @ 1026.50

Below 1030.50

+ .44 Overbought!

Buy / Sell Recommendations

Entry Point

BREAK-OUT

DayTrade / Volatility Stop-Loss &

/ Profit Target

ESU3 / $SPX

MARKET TYPE: GAP-MOVE

 

STOP-LOSS: TYPE 2

E-mini S&P 500 FUTURES (GLOBEX)

* BUY LIMIT @ 1021.25

@ 1034.25

@ 7.25 Points / @ *3Points

 

*MARKET WATCH: (For a definition of "Market Types" see below) Wait for the pullback before entry today. One more leg up today is possible after a brief pullback this morning.

NOTE: The 3 point profit target is to be used as a guide to either move your stoploss to breakeven or take profit in uncertain market conditions.

STOP-LOSS TYPE: Type 1: "Volatility" = wide stops, Type 2: "DayTrade"= narrow 4.25pt 7.25pt stops.

E-mini S&P 500 DAILY CHART (Click Here)

 

 

 

 

                                                  

 

 

 

 

 

 

 

 

 

*******ALERT********

 

TRADE AT YOUR OWN RISK!!!

 

Please if at all possible try and wait until after 9:30am EST and preferably after 10:30am EST before placing orders. If your trade is not triggered within the 2nd hour of trading then CANCEL the order and stay out! AVOID trading ahead of ANY Government report or Earnings news. This will give the market some time to shake out the weak hands. Also, because some stocks including the S&P 500 E-mini FUTURES trade around the clock and/or have after market trading, you will need to wait until the influx of cash has moved into the market from the sidelines. Ofcourse there is always exceptions to this rule.

 

 

 

NOTE:  Don't have time to watch the market? Do you require more than just the standard complimentary service? Do you require more in-depth analysis, market timing and trading signals? You can have it ALL, specific timing signals that are tailored to your portfolio, now available on our Premium service. Please check the website for further details and pricing.

 Or call (240) 299-5447.or email at ninilamar@lycos.com

 

 

THERE IS RISK OF LOSS IN TRADING FUTURES

 

 

 

*VERY IMPORTANT!!!

***************************DISCLAIMER*****************************

 

THERE IS RISK OF LOSS IN TRADING INDIVIDUAL STOCKS, OPTIONS ON INDIVIDUAL STOCKS, FUTURES, OPTIONS ON FUTURES, AND FOREX CURRNCIES.

 

INDIVIDUAL STOCKS, OPTIONS ON INDIVIDUAL STOCKS, FUTURES, OPTIONS ON FUTURES, AND FOREX CURRNCY trading has large potential rewards, but also large potential risks. You must be aware of the risks and willing to accept them in order to invest in the individual stocks, Options on Individual Stocks, Futures, Options on Futures, and FOREX Currency markets.  Dont trade with money you cant afford to lose. This is neither a solicitation nor an offer to buy/sell Individual Stocks, Options on Individual Stocks, Futures, Options on Individual Futures, and FOREX Currencies.

 

NOTICE:   Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also since the trades have not actually been executed, the results may have under or overcompensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown.

 

This is neither a solicitation nor advertisement to buy/sell securities. Neither, Pulse Scan Technologies, its staff nor affiliates are licensed Investment Advisors or Broker Dealers. You should seek professional advise from your financial advisor before making any investment decisions.

 

The author assumes no responsibilities for actions taken by readers. The author is not providing investment advice. The author does not make any claims, promises, or guarantees that any suggestions, systems, methods, trading strategies, or information will result in a profit, loss, or any other desired result. All readers assume all risk, including but not limited to the risk of losses.

 

The past result of any trading or investment system is not necessarily indicative of future performance.

These views/ forecasts/ suggestions, though preferred with the best of intentions, are based on our reading of the market at the time of writing. They are subject to change without notice. Though the information sources are believed to be reliable, the information is not guaranteed for accuracy. Those acting in the market on the basis of these are themselves responsibly for any profits or losses that might occur, without recourse to us. World financial markets, and especially the Foreign Exchange markets, are inherently risky and it is assumed that those who trade these markets are fully aware of the risk of real loss involved.

Pulse Scan Technology tries to ensure that the information provided is complete and correct but information and opinions do change without notice so readers are advised to check back regularly before making any decisions. There may be delays, omissions or inaccuracies in information contained in this website, E-mail, Newsletter, correspondence, and ALL written and/or verbal, Telephonic and electronic mediums. Pulse Scan Technology does not accept any liability in this regard.

 

Copyright 2003 Pulse Scan Technology, All rights reserved

 

 

 

 

 

The Traders "Edge"