ETF Range Projections & A Quote to Start the Day

Time is more valuable than money. You can get more money, but you cannot get more time.

- Jim Rohn

Prior to the market open, at 8:30 AM the consumer price index will be released:

Overseas markets are mixed this morning: Nikkei 225 +0.90%, Hang Seng -0.45%, Shanghai +1.23%, DAX -0.66% , and the FTSE 100 -0.81%.

At about 7:50 AM ET, prior to the CPI, the futures are flat: Dow +10, S&P +1.4, NAZ +7.6, Oil -$0.28 and Gold -$0.20.

have a great day!

Dr. Elder’s Impulse Indicator (System)

The impulse system, a system designed by Dr. Alexander Elder for identifying appropriate entry points for trading on momentum, uses one indicator to measure market inertia and another to measure market momentum. To identify market inertia, you can use an exponential moving average (EMA) for finding uptrends and downtrends. When EMA rises, the inertia favors the bulls, and when EMA falls, inertia favors the bears. To measure market momentum, the trader uses the moving-average-convergence-divergence (MACD) histogram, which is an oscillator displaying a slope reflecting the changes of power among bulls and bears. When the slope of the MACD histogram rises, bulls are becoming stronger. When it falls, the bears are gaining strength.  Source: Investopedia

Running a screen against the Dow Jones Industrial Components this is Dr. Elder’s Impulse picture: