ETF Range Projections & A Quote to Start the Day

Change is the law of life. And those who look only to the past or present are certain to miss the future.

- John F. Kennedy

For more detailed economic data click “Today’s Calendar” in the navigation bar to the left.  

To say overseas markets are flat might be considered an understatement: Nikkei 225 +0.96%, Hang Seng +0.09%, Shanghai +0.08%, DAX -0.05%, and the FTSE 100 -0.37%

At about 7:40 AM ET ahead of the Jobless Claims, the futures are roughly the same as overseas – Flat: Dow -6, S&P -2, NAZ -2, Oil +$0.07 and Gold -$2.00

have a great day!!

Gerald Appel’s Triple Momentum Signal

Gerald Appel, is probably best known for his creation MACD – Moving Average Convergence Divergence. However, he  also is credited with the creating the Triple Momentum Signal (Below).

Mr. Appel advice is, “There is only one buy rule and only one sell rule: You buy when the Triple Momentum Level, the sum of the 5-, 15-, and 25-day rates of change, crosses from below to above 4%. You sell when the Triple Momentum Level, the sum of the 5-, 15-, and 25-day rates of change, crosses from above to below 4%.“

If members are interested, it might make an interesting screen [Email me if interested]. Here is the Triple Momentum Screen against the 30 Dow Industrial Stocks.