Charts With A Message - Meetup

Charts With A Message - Meetup

Market Overview and Energy Stock Opportunity Argyle Investment Consulting March 2016 Deflation Risk is Minimizing Alan Greenspans Favorite Chart CRB METALS (SCRAP) CRME.ZZ.U 200 MONTHS JUL99 - 15FEB16 200 0 -200 2000 1000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 TREND: 570.131 TURN (TU-CL)%: 553.132 -4.37 SMO TPL: 10115 DAS 5 15

10217 2015 HI-APR11 LO/HI DIFF 1117.41 562.56% 800 600 400 CLOSE AVG 15 578.38 671.526 AVG 40 810.117 200 LO-NOV01 168.65 BARCLAYS HS AUG99 - 22MAR16 TREND: TURN (TU-CL)%: SMO TPL: DAS 5 15 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

2015 HI-FEB07 HI/LO DIFF CLOSE AVG 15 AVG 40 LO-JAN09 PEAK VOL. VOLUME OBV 1000 1 Proposed Greenspan Statue near Fed Reserve meeting place JPMORGAN CHASE & CO HS AUG99 - 22MAR16 TREND: TURN (TU-CL)%: SMO TPL: DAS 5 15 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 HI-JUL15 LO/HI DIFF CLOSE AVG 15 AVG 40

LO-MAR09 PEAK VOL. VOLUME OBV 1000 1 DEUTSCHE BANK - ADR HS SEP99 - 22MAR16 TREND: TURN (TU-CL)%: SMO TPL: DAS 5 15 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 HI-MAY07 HI/LO DIFF CLOSE AVG 15 AVG 40 LO-FEB16 PEAK VOL. VOLUME OBV 1000 1 WELLS FARGO HS AUG99 - 22MAR16

TREND: TURN (TU-CL)%: SMO TPL: DAS 5 15 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 HI-JUL15 LO/HI DIFF CLOSE AVG 15 AVG 40 LO-MAR09 PEAK VOL. VOLUME OBV 1000 1 BANK OF AMERICA HS AUG99 - 22MAR16 TREND: TURN (TU-CL)%: SMO TPL: DAS 5 15 2001 2002 2003 2004

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 HI-NOV06 HI/LO DIFF CLOSE AVG 15 AVG 40 LO-FEB09 PEAK VOL. VOLUME OBV 1000 1 BANCO SANTANDER SA HS AUG99 - 22MAR16 TREND: TURN (TU-CL)%: SMO TPL: DAS 5 15 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

2011 2012 2013 2014 2015 HI-NOV07 HI/LO DIFF CLOSE AVG 15 AVG 40 LO-FEB16 PEAK VOL. VOLUME OBV 1000 1 ROYAL BANK OF SCOTLAND GROUP PLC HS OCT07 - 22MAR16 TREND: TURN (TU-CL)%: SMO TPL: DAS 5 15 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 HI-OCT07 HI/LO DIFF

CLOSE AVG 15 AVG 40 LO-JAN09 PEAK VOL. VOLUME OBV 1000 1 RISD student Merit Badge inspired by Greenspans Market Policy RISD merit badge inspired by Greenspan impact: Bank Shareholder ROYAL BANK OF CANADA HS AUG99 - 22MAR16 TREND: TURN (TU-CL)%: SMO TPL: DAS 5 15 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 HI-SEP14 LO/HI DIFF CLOSE AVG 15 AVG 40 LO-JAN00 PEAK VOL. VOLUME

OBV 1000 1 BBVA BANCO FRANCES SA AUG99 - 21MAR16 TREND: TURN (TU-CL)%: SMO TPL: DAS 5 15 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 HI-NOV15 LO/HI DIFF CLOSE AVG 15 AVG 40 LO-JUN02 PEAK VOL. VOLUME OBV 1000 1 BRAZIL BOVESPA STOCK INDEX S AUG99 - 22MAR16 TREND: TURN (TU-CL)%: SMO TPL: DAS 5 15 2001 2002

2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 HI-MAY08 LO/HI DIFF CLOSE AVG 15 AVG 40 LO-OCT02 PEAK VOL. VOLUME OBV 1000 1 BANCO DE CHILE HS AUG99 - 21MAR16 TREND: TURN (TU-CL)%: SMO TPL: DAS 5 15 2001 2002 2003 2004 2005 2006 2007 2008 2009

2010 2011 2012 2013 2014 2015 HI-MAR16 LO/HI DIFF CLOSE AVG 15 AVG 40 LO-JUL02 PEAK VOL. VOLUME OBV 1000 1 BBVA BANCO FRANCES SA HS AUG99 - 22MAR16 TREND: TURN (TU-CL)%: SMO TPL: DAS 5 15 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

HI-FEB01 HI/LO DIFF CLOSE AVG 15 AVG 40 LO-JUN02 PEAK VOL. VOLUME OBV 1000 1 ISHARES MSCI BRAZIL CAPPED ETF JUL00 - 22MAR16 TREND: TURN (TU-CL)%: SMO TPL: DAS 5 15 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 HI-MAY08 LO/HI DIFF CLOSE AVG 15 AVG 40 LO-OCT02 PEAK VOL. VOLUME OBV 1000 1 ISHARES MSCI BRAZIL SMALL-CAP SEP10 - 22MAR16 TREND:

TURN (TU-CL)%: SMO TPL: DAS 5 15 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 HI-APR11 HI/LO DIFF CLOSE AVG 15 AVG 40 LO-JAN16 PEAK VOL. VOLUME OBV 1000 1 ROYAL GOLD HS AUG99 - 22MAR16 TREND: TURN (TU-CL)%: SMO TPL: DAS 5 15 2001 2002 2003 2004 2005

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 HI-OCT12 LO/HI DIFF CLOSE AVG 15 AVG 40 LO-DEC00 PEAK VOL. VOLUME OBV 1000 1 ROYAL BAFOKENG PLATINUM LTD S NOV10 - 21MAR16 TREND: TURN (TU-CL)%: SMO TPL: DAS 5 15 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012

2013 2014 2015 HI-AUG14 HI/LO DIFF CLOSE AVG 15 AVG 40 LO-JAN16 PEAK VOL. VOLUME OBV 1000 1 ISHARES MSCI BRAZIL SMALL-CAP SEP10 - 22MAR16 TREND: TURN (TU-CL)%: SMO TPL: DAS 5 15 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 HI-APR11 HI/LO DIFF CLOSE AVG 15 AVG 40 LO-JAN16 PEAK VOL.

VOLUME OBV 1000 1 ISHARES MSCI BRAZIL SMALL-CAP S 012 S O 1JUN12 - 22MAR16 TREND: TURN (TU-CL)%: SMO TPL: DAS 5 15 N D J F M A M 2013 J J A S O N D J F M A M 2014 J J A S O N D J F M A M 2015 J J A S O

N D J F M HI-8MAR13 HI/LO DIFF CLOSE AVG 15 AVG 40 LO-22JAN16 PEAK VOL. VOLUME OBV 1000 1 Cycle Model Schematic HERE! From .PDF file pics! CYCLE MODEL circa July 1975 PICTURE .PDF file here The CYCLE Commonality MODEL is diving for.. KOL XME SLX GDX EWM USO XGD THD RSX EZA MARKET VECTORS-COAL ETF SPDR S&P METALS & MINING ETF MARKET VECTORS STEEL INDEX FUND MARKET VECTORS GOLD MINERS ISHARES MSCI MALAYSIA ETF UNITED STATES OIL FUND LP ISHARES S&P/TSX GLOBAL GOLD I ISHARES MSCI THAILAND CAPPED E MARKET VECTORS RUSSIA ETF ISHARES MSCI SOUTH AFRICA ETF 39.33 41750

10576 4.12 -20.2 358 10115 10675 -15.1 -16.91 45.66 10115 10335 -3.05 -15.96 6311.15 10248 20404 -21.55 -15.93 229.03 41515 10111 14.45 -15.26 3842.1 40316 10233 2.17 -11.1 423.23 10249 20606 -18.04 -11.03 237.49

40707 10643 3.98 -11.03 1675.91 10551 10311 -9.05 -10.85 291.2 40707 10439 25.89 -10.73 More Deep Diving. SEA GUGGENHEIM SHIPPING ETF 27.33 41313 10236 26.15 -9.94 GUR SPDR S&P EMERGING EUROPE ETF 33.49 10127 10334 -5.8 -9.59 BRF MARKET VECTORS BRAZIL SMALL-CAP ETF 63.88 10152 10237

-13.76 -9.37 JJC IPATH BLOOMBERG COPPER SUBINDE 29.45 41650 10636 -2.38 -9.24 GLD SPDR GOLD TRUST 30407.43 10237 20404 -8.97 -8.97 1815.41 10154 10134 -1.95 -8.49 147.23 41515 10238 22.3 -8.37 FCG ISHARES MSCI BRAZIL CAPPED ETF FIRST TRUST ISE-REVERE NATURAL GAS INDEX FUND TUR ISHARES MSCI TURKEY ETF 277.35

40909 10209 -0.76 -8.13 ILF ISHARES LATIN AMERICA 40 ETF 516.04 41552 10335 0.2 -8.04 DBB POWERSHARES DB BASE METALS FUND 98.48 41013 10636 -0.72 -7.82 ECH ISHARES MSCI CHILE CAPPED ETF 243.95 10134 10636 -1.86 -7.76 1972.66 41111 10335 0.9 -7.58 35.91 10115 10234

-2.95 -7.33 433.94 10116 10233 -6.49 -7.25 EWZ PXJ ISHARES MSCI CANADA ETF POWERSHARES DYNAMIC OIL & GAS SERVICES PORTFOLIO DBO POWERSHARES DB OIL FUND EWC Swim with the SharksSwim LIKE a shark DBO POWERSHARES DB OIL FUND 433.94 10116 10233 -6.49 -7.25 IGE ISHARES NORTH AMERICAN NATURAL 967.94 41313 10336 3.57 -7.24 IYT ISHARES TRANSPORTATION AVERAGE 554.27

40404 10312 8.61 -7.02 DBC POWERSHARES DB COMMODITY INDEX 1866.6 10146 10334 -6.44 -6.91 EWT ISHARES MSCI TAIWAN ETF 2216.18 40606 10311 10.07 -6.91 XRT SPDR S&P RETAIL ETF 686.63 40101 10335 12.17 -6.43 IXC ISHARES GLOBAL ENERGY ETF 953.86 10114 10313 0.02 -6.4 EWW ISHARES MSCI MEXICO CAPPED ETF

1110.19 10114 10311 -3.54 -6.36 OIH MARKET VECTORS OIL SERVICE ETF 939.38 10514 10213 -2.58 -6.28 PID POWERSHARES INTERNATIONAL DIVIDEND ACHIEVERS PORTF 634.15 41010 10336 15.1 -6.24 XEG ISHARES S&P/TSX CAPPED ENERGY 694.32 10413 10213 -3.15 -5.89 COW IPATH BLOOMBERG LIVESTOCK SUBI 13.1 10211 20202 -7.82 -5.85 Most UNLOVED, deep cycle lows UNG

EWG PBW KRE KBE IYG IAI PPH PJP TAN BBH PBE IBB PGJ UNITED STATES NATURAL GAS FUND LP ISHARES MSCI GERMANY ETF POWERSHARES WILDERHILL CLEAN ENERGY PORTFOLIO SPDR S&P REGIONAL BANKING ETF 421.8 41414 10278 16.58 4.34 4898.59 40213 40808 11.99 4.43 100.36 40214 40108 -1.42 4.9 1692.22 30250 40808 16.74 5.37 SPDR S&P BANK ETF ISHARES U.S. FINANCIAL SERVICE ISHARES U.S. BROKERDEALERS & MARKET VECTORS

PHARMACEUTICAL POWERSHARES DYNAMIC PHARMACEUTICALS PORTFOLIO 2099.99 30241 40808 16.59 5.41 550.94 40101 40808 17.16 5.49 116.69 40101 40707 18.28 6.07 277.76 40101 40828 24.05 6.3 1204.72 32375 40926 27.5 6.88 GUGGENHEIM SOLAR ETF MARKET VECTORS BIOTECH ETF POWERSHARES DYNAMIC BIOTECHNOLOGY & GENOME PORTFOL ISHARES NASDAQ BIOTECHNOLOGY E POWERSHARES GOLDEN DRAGON CHIN 232.81 40808

40936 30.2 7.66 522.09 30778 40927 43.55 9.31 258.02 40101 40927 55.46 11.42 5742.43 30775 40927 53.67 12.94 152.36 30203 40404 10.7 13.11 CYB PKB JSC PSI SLX KCE XIT CEW SRS NLR WISDOMTREE CHINESE YUAN FUND POWERSHARES DYNAMIC BUILDING & CONSTRUCTION SPDR

RUSSELL/NOMUR A SMALL CAP POERSHARES DYNAMIC SEMICONDUCTOR S PORTFOLIO MARKET VECTORS STEEL INDEX FUND SPDR S&P CAPITAL MARKETS ETF ISHARES S&P/TSX CAPPED INFORM WISDOMTREE EMERGING CURRENCY F PROSHARES ULTRASHORT REAL ESTA MARKET VECTORS URANIUM+NUCLE AR 54.3 40404 10430 1.75 -2.53 53.55 30244 10209 6.58 -0.58 52.29 30236 40606 8.63 2.78 48.09 31137 40707 18.75 2.05 45.66 10115

10335 -3.05 -15.96 45.01 40606 40909 23.04 3.88 38.62 30936 40404 16.03 1.83 38.39 10131 10434 -2.67 -1.85 38.37 11178 20505 -13.88 -1.58 37.35 40808 10535 2.37 -4.37 PXJ GUR JJC SEA PMR PZI PXQ BZF COW KOL POWERSHARES

DYNAMIC OIL & GAS SERVICES PORTFOLIO SPDR S&P EMERGING EUROPE ETF IPATH BLOOMBERG COPPER SUBINDE GUGGENHEIM SHIPPING ETF POWERSHARES DYNAMIC RETAIL PORTFOLIO POWERSHARES ZACKS MICRO CAP PORTFOLIO POWERSHARES DYNAMIC NETWORKING PORTFOLIO WISDOMTREE BRAZILIAN REAL FUND IPATH BLOOMBERG LIVESTOCK SUBI MARKET VECTORS-COAL ETF 35.91 10115 10234 -2.95 -7.33 33.49 10127 10334 -5.8 -9.59 29.45 41650 10636 -2.38 -9.24 27.33 41313 10236 26.15

-9.94 22.73 30776 10139 15.96 -2.5 21.96 40212 40808 5.4 0.24 20.75 30732 10108 14.06 -3.02 15.5 10213 40306 -6.52 -1.31 13.1 10211 20202 -7.82 -5.85 39.33 41750 10576 4.12 -20.2 ISHARES MSCI BRAZIL SMALL-CAP 8JUN15 - 22MAR16 TREND: TURN (TU-CL)%: SMO TPL:

6 JUL15 20 3 AUG15 17 31 SEP15 15 29 OCT15 13 27 NOV15 10 24 DEC15 9 23 JAN16 8 25 FEB16 8 23 MAR16 8 DAS 5 15 22 HI-10JUN15 HI/LO DIFF CLOSE AVG 15 AVG 40 LO-21JAN16 PEAK VOL. VOLUME OBV 1000 1 A Lurking Liquidity Crisis source THE TRADE DERIVATIVES ESMA warns of collateral shortage in bear market Tensions could rise as pressure on obtaining high quality collateral increases, according to ESMA. By Joe Parsons [email protected] March 21, 2016 11:26 AM GMT European Securities and Markets Authority (ESMA) has warned of a shortage of high quality collateral in the case of bear market conditions. ESMAs latest risk report explained that tensions could rise in some asset class segments as pressure on obtaining high quality collateral, such as government bonds, increases in a bear

market. Results show that the cost of obtaining high-quality collateral increases with demand in the cash market from short selling activities, even in calm financial conditions. In bear market conditions when good collateral is most needed this may lead to tensions in some asset market segments, the report said. The report added the introduction of the European Central Banks public asset purchasing programme, as part of the wider quantitative easing programme, could reduce the availability of high quality collateral in the market. Regulatory Reform drags on and on EC orders ESMA to revise MiFID II reforms ESMA has six weeks to revise the proposals and to submit them to the European Commission. By Joe Parsons [email protected] March 17, 2016 4:06 PM GMT The European Commission has rejected three specific aspects of the MiFID II regulation on commodity and bond trading. The Commission has asked the European Securities and Markets Authority (ESMA), which drew up the MiFID framework, to re-write three standards governing trading on commodities , exemptions for companies providing ancillary market services, and displaying prices in fixed income markets. ESMA has just six weeks to revise the proposals, and has been ordered to take into account the European Parliaments position more thoroughly. The latest drafts were far from being acceptable for the European Parliament, said Markus Ferber, member of the European Parliament. The Commission is right to be afraid of the technical standards being rejected by the European Parliament hence, further work is necessary. Earlier this year the EU delayed the implementation of the legislation by a year from its planned January 2017 date, and Ferber warned that the redrafting of the rules should not further delay the MiFID II timeline. The LONG TERM GOLD chart is bottoming but not a perfect turn SPDR GOLD TRUST GLD.U 136 MONTHS NOV04 - 18FEB16 TREND: 124.593 10.00 TURN (TU-CL)%: 107.961 -8.73 0.00 SMO TPL: 10237 DAS 5 15 10336

-10.00 -20.00 2000 180.00 160.00 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 HI-SEP11 LO/HI DIFF 185.850 353.07% 140.00 120.00 100.00 80.00 CLOSE AVG 15 118.290 111.021 AVG 40 123.635 60.00 LO-FEB05 41.020 PEAK VOL. VOLUME 766867.7

225414.4 OBV 1000 1 816422.5 600000 300000 Credit Cycle Factor I: RISK ON is RETURN ON, equities over Bonds Concept is now threadbare and less relevant Credit Cycle has runits course, most likely Return Cycle that is a hybrid of earnings, macro economic and credit stability factors emerging KO, SBUX are models, is AAPL a victim? ENERGY stocks reflect currency embedded in liquid commodity: you can SELL tankerfulls! Maserati LEVANTE has 450 HP SUV at $72k Italian bonds are NEGATIVE RATE with ECB policy James Bullard, ST LOUIS FED,interview on BLOOMBERG today Talked inflation and inflation measures Talked INFLATION OVERSHOOT likely vs Fed What didnt he discuss? His superb database that ST LOUIS FED keeps Nothing on Money Supply Nothing on VELOCITY of money in system Nothing on DEFLATION Jim is running for FED CHAIRMAN after Ms Yellin gets deposed by Congress? Trump ? CHINA monetary aggregate M2 The Fed Reserve Interest Rate Model Fed Model inputs reviewed last May at this meeting Federal Reserve of St Louis database of monetary aggregates, CPI, etc. Reviewed M2, global M2 series Reviewed VELOCITY of money CPI measures which are clouded by FOOD and ENERGY inputs, neither will go away DEFLATION measure from Alan Greenspan: SCRAP STEEL prices VELOCITY last ten years: M2 US FUTURES and HFT and the FED FUTURES volatility squeezed for last 15 trading days, todays 20 point pullback largest this period. Futures drop and reverse SETUP for traders 3am March 22 global terrorist event HFT influence on futures intraday patterns, CRUDE model correlation to SP futures model Inverse relationship: TNOTE/Bonds vs ESsp500 VOLUME last two days lowest of YEAR..at market highwhat gives? SMITH & WESSON S 012 S O

1JUN12 - 22MAR16 TREND: TURN (TU-CL)%: SMO TPL: DAS 5 15 N D J F M A M 2013 J J A S O N D J F M A M 2014 J J A S O N D J F M A M 2015 J J A S O N D J F M HI-18MAR16 LO/HI DIFF CLOSE AVG 15 AVG 40

LO-8JUN12 PEAK VOL. VOLUME OBV 1000 1 EURO area monetary aggregate: M2 JAPAN monetry aggregate: M2 OIL STOCKS are going to zero why is SLB turning UP? SCHLUMBERGER SLB.U 200 MONTHS JUL99 - 18FEB16 TREND: 74.934 20.00 TURN (TU-CL)%: 70.055 -3.61 0.00 SMO TPL: 10211 DAS 5 15 10215 -20.00 2000 100.00 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011

2012 2013 2014 2015 HI-JUL14 LO/HI DIFF 118.760 611.14% 80.00 60.00 40.00 CLOSE AVG 15 72.680 80.409 AVG 40 85.645 LO-OCT02 16.700 PEAK VOL. VOLUME 490906.3 148497.2 OBV 1000 1 -27285.0 20.00 400000 200000 GLOBAL ENERGY is a sell why is XOM turning up? EXXON MOBIL CORP XOM.U 200 MONTHS JUL99 - 18FEB16 10.00 0.00 -10.00 2000 100.00 2001

2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 TREND: 81.730 TURN (TU-CL)%: 73.498 -10.86 SMO TPL: 10513 DAS 5 15 10516 2015 HI-JUL14 LO/HI DIFF 104.760 252.13% 80.00 60.00 CLOSE AVG 15 82.450 82.709 AVG 40 89.386 LO-JUL02 29.750

40.00 1200000 800000 400000 PEAK VOL. VOLUME 1382918.9 259708.0 OBV 1000 1 781885.0 If this chart resolves to UPSIDE, some energy shorts will be in trouble DAWSON GEOPHYSICAL CO DWSN.U 159 MONTHS FEB00 - 18FEB16 TREND: 3.8475 6.00 TURN (TU-CL)%: 2.4400 -24.92 0.00 SMO TPL: 10726 DAS 5 15 11228 -6.00 2000 30.00 25.00 20.00 15.00 2001 2002 2003 2004 2005 2006 2007

2008 2009 2010 2011 2012 2013 2014 2015 HI-MAY06 LO/HI DIFF 34.587 10715.00% 10.00 5.00 CLOSE AVG 15 3.250 4.5287 AVG 40 14.175 LO-OCT01 0.320 PEAK VOL. VOLUME 2725.8 625.6 OBV 1000 1 2160.1 2000 1000 The Tech Sector is in a bear market NVIDIA CORP NVDA.U 200 MONTHS JUL99 - 18FEB16 TREND: 30.782 6.00 TURN (TU-CL)%:

27.818 -7.40 0.00 SMO TPL: 20731 DAS 5 15 20734 -6.00 2000 35.00 30.00 25.00 20.00 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 HI-OCT07 LO/HI DIFF 39.670 2742.03% 15.00 10.00 5.00 CLOSE AVG 15 30.040 24.409

AVG 40 19.146 LO-SEP99 1.396 PEAK VOL. VOLUME 938138.4 156940.3 OBV 1000 1 2014620.5 800000 400000 SWKS is having the BETA TECH correction, still above 40 week MA SKYWORKS SOLUTIONS SWKS.U 200 MONTHS JUL99 - 18FEB16 TREND: 20.00 TURN (TU-CL)%: 0.00 -20.00 2000 100.00 80.00 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012

2013 2014 50.720 134.669 116.96 SMO TPL: 30927 DAS 5 15 40303 2015 HI-JUN15 LO/HI DIFF 112.880 3805.88% 60.00 40.00 20.00 CLOSE AVG 15 62.070 85.521 AVG 40 53.544 LO-JUL02 2.890 150000 100000 50000 PEAK VOL. VOLUME 172876.3 60703.4 OBV 1000 1 498373.4 XLNX has an uptrend intact AFTER the first LEG OF THE BEAR MARKET XILINX XLNX.U 200 MONTHS JUL99 - 18FEB16 TREND:

46.736 20.00 TURN (TU-CL)%: 42.716 -10.90 0.00 SMO TPL: 20404 DAS 5 15 20409 -20.00 2000 80.00 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 HI-JUN00 HI/LO DIFF 98.313 -86.27% 60.00 40.00 CLOSE AVG 15 47.940

44.667 AVG 40 43.834 LO-OCT02 13.500 PEAK VOL. VOLUME 305850.9 41048.1 OBV 1000 1 -84512.7 20.00 200000 100000 There ARE BEAR MARKET charts VIOLIN MEMORY INC VMEM.U 30 MONTHS SEP13 - 18FEB16 TREND: 0.4291 1.00 TURN (TU-CL)%: 1.4406 80.08 0.00 SMO TPL: 40607 DAS 5 15 10211 -1.00 2000 6.00 2001 2002 2003 2004

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 HI-SEP13 HI/LO DIFF 7.9800 -92.48% 4.00 2.00 CLOSE AVG 15 0.8000 2.4373 LO-JAN16 0.6000 PEAK VOL. VOLUME 33088.6 6133.4 OBV 1000 1 5649.8 30000 20000 10000 A Former Market Beta Proxy now just another bank? GOLDMAN SACHS GS.U 200 MONTHS AUG99 - 22MAR16 50.00 0.00

-50.00 2000 240.00 220.00 200.00 180.00 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 TREND: 157.961 TURN (TU-CL)%: 197.872 28.32 SMO TPL: 40202 DAS 5 15 40505 2015 HI-OCT07 HI/LO DIFF 250.700 -81.09% CLOSE AVG 15 154.200 183.469

AVG 40 171.362 160.00 140.00 120.00 100.00 80.00 60.00 LO-NOV08 47.410 PEAK VOL. VOLUME 637268.9 70064.4 OBV 1000 1 -299308.1 600000 400000 200000 Banks make no money; STOCK EXCHANGES are thriving INTERCONTINENTAL EXCHANGE INC ICE.U 125 MONTHS NOV05 - 22MAR16 30.00 0.00 -30.00 2000 250.00 200.00 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

2011 2012 2013 2014 TREND: 255.509 TURN (TU-CL)%: 276.074 17.38 SMO TPL: 30377 DAS 5 15 30217 2015 HI-FEB16 LO/HI DIFF 268.890 759.90% 150.00 100.00 CLOSE AVG 15 235.190 237.111 AVG 40 206.465 50.00 LO-NOV05 31.270 PEAK VOL. VOLUME 151152.6 14544.2 OBV 1000 1 152528.1 120000 60000 US Market but not the NYSE

NASDAQ INC NDAQ.U 165 MONTHS JUL02 - 22MAR16 10.00 0.00 -10.00 2000 60.00 50.00 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 TREND: 70.907 TURN (TU-CL)%: 65.800 0.58 SMO TPL: 20138 DAS 5 15 20639 2015 HI-MAR16 LO/HI DIFF

67.605 1212.72% 40.00 30.00 20.00 CLOSE AVG 15 65.420 54.455 AVG 40 43.196 10.00 LO-APR03 5.150 PEAK VOL. VOLUME 114015.1 25099.0 OBV 1000 1 179230.2 100000 50000 Chart in EUROSso go buy somebody hint: London Bridge Is Falling Down.. GERMAN DAX INDEX DAX.ZZ.I 200 MONTHS AUG99 - 22MAR16 TREND: 9989.8 1000 TURN (TU-CL)%: 11969.1 19.81 0 SMO TPL: 30442 DAS 5 15 40404

-1000 2000 10000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 HI-APR15 LO/HI DIFF 12390.8 465.98% 8000 6000 4000 CLOSE AVG 15 9990.0 10757.5 AVG 40 9621.86 LO-MAR03 2189.3 PEAK VOL. VOLUME 6538494.5 1621738.2 6000000 4000000 2000000

OBV 1000 1 -123910651.8 The US Market, equal weighted,on Trend where is the Bear? NYSE ADVANCE/DECLINE NYAD.ZZ.DU 200 WEEKS 1JUN12 - 21MAR16 5000 0 TREND: 392244 TURN (TU-CL)%: 375628 -3.61 SMO TPL: 20101 DAS 5 15 20303 -5000 J 380000 J 2012 A S O N D J F M A M 2013 J J A S O N D J

F M A M 2014 J J A S O N D J F M A M 2015 J J A S O N D J F M HI-24APR15 LO/HI DIFF 394824 40.20% CLOSE AVG 15 389698 380094 AVG 40 382219 LO-8JUN12 281607 360000 340000 320000 300000 However, Near Term, Dont Look Back Just Nowthat Bear might be gaining NYSE ADVANCE/DECLINE NYAD.ZZ.DU 200 DAYS 5JUN15 - 21MAR16 4000 2000

0 TREND: 390214 TURN (TU-CL)%: 392401 0.69 SMO TPL: 30820 DAS 5 15 30222 -2000 -4000 JUN15 18 388000 2 JUL15 17 31 AUG15 14 28 SEP15 14 28 OCT15 12 26 NOV15 9 23 DEC15 8 22 7 JAN16 22 FEB16 5 22 MAR16 7

21 HI-23JUN15 HI/LO DIFF 390273 -5.23% CLOSE AVG 15 389698 385916 AVG 40 379091 LO-11FEB16 369875 386000 384000 382000 380000 378000 376000 374000 372000 370000 Deutsche Borse on the Prowl DEUTSCHE BOERSE AG DBOEY.U 90 MONTHS OCT08 - 22MAR16 1.00 0.00 -1.00 2000 9.00 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

2011 2012 2013 2014 TREND: 8.2275 TURN (TU-CL)%: 9.4736 16.53 SMO TPL: 30311 DAS 5 15 30513 2015 HI-JUL15 LO/HI DIFF 9.4100 154.32% 8.00 7.00 6.00 CLOSE AVG 15 8.1300 8.4063 AVG 40 7.5871 LO-MAR09 3.7000 4000 PEAK VOL. VOLUME 10895.3 797.0 2000 OBV 1000 1 11568.5 5.00

4.00 10000 8000 6000 Who Might They Be Prowling About in Search of . LONDON STOCK EXCHANGE GRP PLC LSE.I 177 MONTHS JUL01 - 22MAR16 400 0 -400 2000 2500 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 TREND: 2860.07 TURN (TU-CL)%: 3014.55 5.40 SMO TPL: 30463 DAS 5 15

20248 2015 HI-MAR16 LO/HI DIFF 2960.00 1077.69% 2000 1500 1000 CLOSE AVG 15 2860.00 2545.40 AVG 40 2020.60 500 LO-SEP01 251.34 PEAK VOL. VOLUME 180409.6 16945.4 OBV 1000 1 499952.9 150000 100000 50000 DEUTSCHE BOERSE AG DB1.GR.I 182 MONTHS FEB01 - 22MAR16 TREND: 73.394 20.00 TURN (TU-CL)%: 97.775 33.65 0.00 SMO TPL: 30437

DAS 5 15 30515 -20.00 2000 120.00 100.00 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 HI-DEC07 LO/HI DIFF 136.320 821.08% 80.00 60.00 40.00 CLOSE AVG 15 73.156 76.769 AVG 40 62.425 LO-MAR01 14.800 PEAK VOL. VOLUME 188049.5

10461.2 OBV 1000 1 378043.9 20.00 160000 80000 Might INTC be a defensive stock, global cash cow with liquidity? INTEL INTC.U 200 MONTHS JUL99 - 18FEB16 TREND: 27.482 10.00 TURN (TU-CL)%: 31.650 7.58 0.00 SMO TPL: 40404 DAS 5 15 20202 -10.00 2000 70.00 60.00 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

2011 2012 2013 2014 2015 HI-AUG00 HI/LO DIFF 75.813 -84.11% 50.00 40.00 30.00 CLOSE AVG 15 29.420 32.162 AVG 40 28.406 LO-FEB09 12.050 PEAK VOL. VOLUME 2460320.3 351763.0 OBV 1000 1 3421282.1 20.00 2000000 1000000 NASDAQ 100 not quite 2000 -2001 NASDAQ 100 NDQ.ZZ.U 200 MONTHS JUL99 - 18FEB16 600 0 TREND: 4050.90 TURN (TU-CL)%:

4692.73 13.04 SMO TPL: 31875 DAS 5 15 20150 -600 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 HI-MAR00 HI/LO DIFF 4816.35 -83.49% 2000 CLOSE AVG 15 4151.49 4390.68 1500 AVG 40 3765.22 4500 4000 3500 3000

2500 1000 LO-OCT02 795.25 PEAK VOL. VOLUME 26772709.4 3113304.6 OBV 1000 1 87774182.3 20000000 10000000 NASDAQ BANKING INDEX correcting but not sure it is 2008-09 revisited NASDAQ BANKING INDEX BANK.ZZ.U 200 MONTHS JUL99 - 18FEB16 400 0 -400 2000 3000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 TREND:

2328.38 TURN (TU-CL)%: 2765.72 11.68 SMO TPL: 30243 DAS 5 15 30447 2015 HI-DEC06 HI/LO DIFF 3456.91 -66.24% CLOSE AVG 15 2476.45 2727.31 AVG 40 2493.62 LO-MAR09 1166.88 PEAK VOL. VOLUME 1398209.0 383188.2 OBV 1000 1 2398286.9 2500 2000 1500 1200000 800000 400000 Dbank has a different cycle in force than the NASDAQ BANK index DEUTSCHE BANK - ADR DB.U 198 MONTHS SEP99 - 18FEB16

30.00 0.00 -30.00 2000 120.00 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 TREND: 15.451 TURN (TU-CL)%: 23.540 37.74 SMO TPL: 40421 DAS 5 15 40722 2015 HI-MAY07 HI/LO DIFF 138.475 -89.33% 100.00 80.00 60.00 40.00

CLOSE AVG 15 17.090 28.212 AVG 40 36.200 LO-FEB16 14.780 PEAK VOL. VOLUME 123947.1 79806.8 OBV 1000 1 -33955.6 20.00 100000 50000 NASDAQ the STOCKsomebody is making money of HFT.no problem.. NASDAQ INC NDAQ.U 164 MONTHS JUL02 - 18FEB16 10.00 0.00 -10.00 2000 60.00 50.00 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

2011 2012 2013 2014 TREND: 59.893 TURN (TU-CL)%: 60.662 -3.53 SMO TPL: 30137 DAS 5 15 20538 2015 HI-FEB16 LO/HI DIFF 63.530 1133.59% 40.00 30.00 20.00 CLOSE AVG 15 62.880 53.264 AVG 40 42.156 10.00 LO-APR03 5.150 PEAK VOL. VOLUME 114015.1 19873.9 OBV 1000 1 183165.6 100000 50000

THE PROBLEM is liquidity of market instruments.this is a real chart DIREXION NASDAQ-100 EQUAL WEIGHTED INDEX SHARES QQQE.U 48 MONTHS MAR12 - 18FEB16 5.00 0.00 -5.00 2000 65.00 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 TREND: 56.000 TURN (TU-CL)%: 67.109 14.87 SMO TPL: 32425 DAS 5 15 10104 2015 HI-JUN15 HI/LO DIFF

68.020 -51.72% 60.00 55.00 50.00 45.00 CLOSE AVG 15 58.421 63.830 AVG 40 55.841 LO-AUG15 32.840 PEAK VOL. VOLUME 557.0 190.6 OBV 1000 1 207.5 40.00 35.00 400 200 ETFs have problems not openly discussed by regulators, or marketers DIREXION NASDAQ-100 EQUAL WEIGHTED INDEX SHARES 200 WEEKS QQQE.U 27APR12 - 18FEB16 3.00 0.00 -3.00 M 65.00 J J 2012 A S O N D J

F M A M 2013 J J A S O N D J F M A M 2014 J J A S O N D J F M A M 2015 J J A S O N D J TREND: 57.612 TURN (TU-CL)%: 61.164 4.70 SMO TPL: 40505 DAS 5 15 10107 F HI-26JUN15 HI/LO DIFF

68.020 -51.72% 60.00 55.00 50.00 45.00 CLOSE AVG 15 58.421 61.767 AVG 40 63.590 LO-28AUG15 32.840 40.00 35.00 200 100 PEAK VOL. VOLUME 270.7 73.9 OBV 1000 1 172.8 INVERSE fund suited to BEAR MARKETit is so easy to be short? HORIZONS BETAPRO NASDAQ-100 BEAR PLUS ETF HQD.T 200 WEEKS 27APR12 - 18FEB16 TREND: 25.380 5.00 TURN (TU-CL)%: 22.484 -9.12 0.00 SMO TPL: 20404

DAS 5 15 30107 -5.00 M 100.00 J J 2012 A S O N D J F M A M 2013 J J A S O N D J F M A M 2014 J J A S O N D J F M A M 2015 J J A S O N D J F HI-8JUN12 HI/LO DIFF 107.400 -81.52%

80.00 60.00 40.00 20.00 CLOSE AVG 15 24.740 22.775 AVG 40 23.293 LO-4DEC15 19.850 PEAK VOL. VOLUME 346.4 137.2 OBV 1000 1 703.6 300 200 100 COPPERs downtrend is decelerating LME COPPER FUTURES LMECOPPER.ZZ.U 200 MONTHS JUL99 - 18FEB16 2000 0 -2000 2000 8000 2001 2002 2003 2004 2005 2006 2007

2008 2009 2010 2011 2012 2013 2014 TREND: 4264.18 TURN (TU-CL)%: 4546.16 -0.64 SMO TPL: 41049 DAS 5 15 10337 2015 HI-FEB11 LO/HI DIFF 10190.0 662.72% 6000 4000 CLOSE AVG 15 4575.5 5396.03 AVG 40 6486.96 2000 LO-NOV01 1336.0 PEAK VOL. VOLUME 1515.8 614.6 OBV 1000 1 -614.9

1200 600 Jeddelohs Flight Capital from the Middle East is Spot On ! Thank you for connecting.I am an entrepreneur and private investor residing in Saudi Arabia and I am looking for someone that can invest funds for me, receiving management fee for services provided. If you are interested in rendering this service and can identify or have high quality investments opportunities, kindly reply directly to my private email stated below for further details. Email: [email protected] I use online translating services because my English is not good and for this reason you are advised to maintain all communication through email for record and paper trail purposes. Concluding thoughts HFT has produced extreme volatility. VOLATILITY alone could be half of the market moves from now on. A market down 10% MIGHT be down 5% in old fashioned, valuation, supply demand,terms. SWKS vs NVDA. LIQUIDITY battles are constant. ILLIQUIDITY is the great fear of global investors Energy Stock Review Bottoming energy stocks for portfolio consideration Many are MLPs with dividend levels above SP500 ; risk of dividend cuts remains over market Basket of stocks should be executed to remove single stock risk GROUP risk is higher than average stock KAYNE ANDERSON MLP INVESTMENT CO 200 WEEKS KYN.U 25MAY12 - 15MAR16 4.00 0.00 -4.00 40.00 35.00 TREND: 14.673 TURN (TU-CL)%: 10.965 -27.43 SMO TPL:

10568 DAS 5 15 20101 2012 2013 2014 2015 J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M HI-5SEP14 HI/LO DIFF 41.350 -75.57% 30.00 25.00 20.00 CLOSE AVG 15 15.110 14.541 AVG 40 21.553 LO-22JAN16 10.100 PEAK VOL. VOLUME 13475.1 964.7 OBV 1000 1 -32175.1 15.00 10000 5000 AMERICAN MIDSTREAM PARTNERS LP 200 WEEKS AMID.U 25MAY12 - 15MAR16 TREND: 4.5903 3.00 TURN (TU-CL)%: 3.9358

-36.42 0.00 SMO TPL: 10575 DAS 5 15 10239 -3.00 2012 2013 J J A S O N D J F M A M J J A S O N D J 30.00 24.00 2014 2015 F M A M J J A S O N D J F M A M J J A S O N D J F M HI-15AUG14 HI/LO DIFF 32.014 -88.13% 18.00 12.00 CLOSE AVG 15 6.190 6.4947 AVG 40 9.9595 6.00 LO-18DEC15 3.800 6000 4000 2000 PEAK VOL. VOLUME 6505.5 313.8 OBV 1000 1 -1438.5 JP ENERGY PARTNERS LP 77 WEEKS JPEP.U 3OCT14 - 16MAR16

TREND: 4.8530 2.00 TURN (TU-CL)%: 3.1609 -38.26 0.00 SMO TPL: 10534 DAS 5 15 20101 -2.00 2012 2013 2014 2015 J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M 18.00 16.00 14.00 12.00 HI-3OCT14 HI/LO DIFF 20.710 -90.87% 10.00 8.00 6.00 4.00 2.00 CLOSE AVG 15 5.120 4.4820 AVG 40 7.3912 LO-12FEB16 1.890 8000 4000 PEAK VOL. VOLUME

9951.8 136.2 OBV 1000 1 -12282.5 KAYNE ANDERSON MLP INVESTMENT CO 200 WEEKS KYN.U 25MAY12 - 15MAR16 4.00 0.00 -4.00 40.00 35.00 TREND: 14.673 TURN (TU-CL)%: 10.965 -27.43 SMO TPL: 10568 DAS 5 15 20101 2012 2013 2014 2015 J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M HI-5SEP14 HI/LO DIFF 41.350 -75.57% 30.00 25.00 20.00 CLOSE AVG 15 15.110 14.541 AVG 40 21.553 LO-22JAN16 10.100

PEAK VOL. VOLUME 13475.1 964.7 OBV 1000 1 -32175.1 15.00 10000 5000 ENERGY TRANSFER EQUITY LP 200 WEEKS ETE.U 25MAY12 - 16MAR16 TREND: 6.3351 2.00 TURN (TU-CL)%: 4.8074 -37.73 0.00 SMO TPL: 10335 DAS 5 15 10637 4.00 -2.00 -4.00 2012 2013 J J A S O N D J F M A M J J A S O N D J 30.00 2014 2015 F M A M J J A S O N D J F M A M J J A S O N D J F M HI-19JUN15 HI/LO DIFF 35.440 -88.71% 25.00 20.00 15.00

10.00 CLOSE AVG 15 7.720 9.2380 AVG 40 19.547 5.00 LO-12FEB16 4.000 300000 200000 100000 PEAK VOL. VOLUME 320631.4 41298.9 OBV 1000 1 -98732.1 WILLIAMS COS 200 WEEKS WMB.U 25MAY12 - 16MAR16 8.00 0.00 -8.00 TREND: 14.370 TURN (TU-CL)%: 10.773 -38.37 SMO TPL: 10429 DAS 5 15 10631 2012 2013 2014 2015 J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M 50.00

HI-26JUN15 HI/LO DIFF 61.380 -83.35% 40.00 30.00 20.00 CLOSE AVG 15 17.480 19.227 AVG 40 35.795 LO-12FEB16 10.220 180000 120000 60000 PEAK VOL. VOLUME 220941.7 26599.4 OBV 1000 1 112353.5 MPLX LP 178 WEEKS MPLX.U 26OCT12 - 15MAR16 10.00 0.00 -10.00 TREND: 27.116 TURN (TU-CL)%: 23.848 -14.09 SMO TPL: 10246 DAS 5 15 10251

2012 2013 2014 2015 J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M 80.00 70.00 HI-30JAN15 HI/LO DIFF 85.570 -80.90% 60.00 50.00 40.00 30.00 CLOSE AVG 15 27.760 28.886 AVG 40 41.063 LO-12FEB16 16.340 20.00 30000 20000 10000 PEAK VOL. VOLUME 33461.0 2877.7 OBV 1000 1 -43580.3 ALON USA PARTNERS LP 174 WEEKS ALDW.U 23NOV12 - 15MAR16 5.00 0.00 -5.00 TREND: 13.540 TURN (TU-CL)%:

13.513 -5.17 SMO TPL: 10114 DAS 5 15 10115 2012 2013 2014 2015 J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M 28.00 26.00 HI-22FEB13 HI/LO DIFF 29.120 -66.66% 24.00 22.00 20.00 18.00 16.00 14.00 CLOSE AVG 15 14.250 17.335 AVG 40 21.455 12.00 10.00 LO-26FEB16 9.710 6000 3000 PEAK VOL. VOLUME 8312.5 1165.4 OBV 1000 1 11659.4 GASLOG LTD 200 WEEKS GLOG.U

25MAY12 - 16MAR16 TREND: 9.8472 2.00 TURN (TU-CL)%: 6.2859 -43.01 0.00 SMO TPL: 10536 DAS 5 15 20303 -2.00 2012 2013 2014 2015 J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M 30.00 25.00 HI-27JUN14 HI/LO DIFF 32.440 -83.85% 20.00 15.00 10.00 CLOSE AVG 15 11.030 8.5493 AVG 40 11.848 LO-22JAN16 5.240 12000 8000 4000 PEAK VOL. VOLUME 14068.7 2382.9

OBV 1000 1 13956.9 GASLOG PARTNERS LP 98 WEEKS GLOP.U 9MAY14 - 15MAR16 3.00 0.00 -3.00 TREND: 14.758 TURN (TU-CL)%: 11.213 -31.34 SMO TPL: 10538 DAS 5 15 20303 2012 2013 2014 2015 J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M 36.00 HI-4JUL14 HI/LO DIFF 37.390 -74.40% 30.00 24.00 18.00 CLOSE AVG 15 16.330 14.115 AVG 40 17.161 12.00 LO-22JAN16 9.570 PEAK VOL.

VOLUME 9655.4 351.6 OBV 1000 1 -7703.8 8000 4000 EQT GP HOLDINGS LP EQGP.U 11 MONTHS 2000 34.00 32.00 MAY15 - 16MAR16 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 HI-JUN15 HI/LO DIFF 35.250 -50.67% 30.00 28.00 26.00 24.00 CLOSE

24.020 LO-DEC15 17.390 PEAK VOL. VOLUME 25032.8 2204.3 OBV 1000 1 19839.8 22.00 20.00 18.00 20000 10000 EQT GP HOLDINGS LP EQGP.U 11 MONTHS 2000 34.00 32.00 MAY15 - 16MAR16 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 HI-JUN15 HI/LO DIFF

35.250 -50.67% 30.00 28.00 26.00 24.00 CLOSE 24.020 LO-DEC15 17.390 PEAK VOL. VOLUME 25032.8 2204.3 OBV 1000 1 19839.8 22.00 20.00 18.00 20000 10000 EQT CORPORATION EQT.U 200 MONTHS AUG99 - 16MAR16 TREND: 65.164 10.00 TURN (TU-CL)%: 59.897 -7.55 0.00 SMO TPL: 10114 DAS 5 15 10217 -10.00 2000 100.00 80.00

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 HI-APR14 LO/HI DIFF 111.470 1282.57% 60.00 40.00 20.00 60000 CLOSE AVG 15 64.790 71.373 AVG 40 80.891 LO-FEB00 8.063 PEAK VOL. VOLUME 62917.7 28646.3 OBV 1000 1 132992.2 40000 20000

EQT MIDSTREAM PARTNERS LP EQM.U 46 MONTHS JUN12 - 16MAR16 TREND: 72.506 10.00 TURN (TU-CL)%: 70.928 -7.16 0.00 SMO TPL: 10107 DAS 5 15 10211 -10.00 -20.00 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 HI-JUN14 LO/HI DIFF 102.510

388.14% 80.00 60.00 40.00 CLOSE AVG 15 76.400 77.020 AVG 40 68.538 LO-JUN12 21.000 PEAK VOL. VOLUME 19921.7 3950.6 OBV 1000 1 13171.1 16000 8000 ANTERO MIDSTREAM PARTNERS LP AM.U 17 MONTHS NOV14 - 15MAR16 2.00 0.00 -2.00 DAS 5 15 2000 30.00 2001 2002 2003 2004 2005 2006 2007 2008 2009

2010 2011 2012 2013 2014 10203 2015 HI-NOV14 HI/LO DIFF 30.770 -46.47% 28.00 26.00 24.00 22.00 CLOSE AVG 15 24.890 23.967 LO-SEP15 16.470 PEAK VOL. VOLUME 37847.0 5738.4 OBV 1000 1 27394.3 20.00 18.00 30000 20000 10000 ANTERO RESOURCES CORP AR.U 30 MONTHS OCT13 - 16MAR16 10.00 0.00 -10.00 2000

60.00 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 TREND: 25.141 TURN (TU-CL)%: 20.370 -17.13 SMO TPL: 10307 DAS 5 15 10416 2015 HI-MAR14 HI/LO DIFF 68.430 -72.97% 50.00 40.00 CLOSE AVG 15 24.580 29.545 LO-DEC15 18.500

PEAK VOL. VOLUME 88971.8 54343.7 OBV 1000 1 -33876.8 30.00 20.00 60000 30000 SHELL MIDSTREAM PARTNERS LP 73 WEEKS SHLX.U 31OCT14 - 15MAR16 TREND: 33.524 2.00 TURN (TU-CL)%: 37.824 10.85 0.00 SMO TPL: 40101 DAS 5 15 10106 4.00 -2.00 -4.00 2012 2013 2014 2015 J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M HI-12JUN15 HI/LO DIFF 49.770 -49.51% 45.00 40.00 35.00 CLOSE AVG 15

34.120 36.045 AVG 40 37.295 LO-2OCT15 25.130 PEAK VOL. VOLUME 36120.6 654.5 OBV 1000 1 40793.9 30.00 30000 20000 10000 WESTERN GAS EQUITY PARTNERS LP 172 WEEKS WGP.U 7DEC12 - 16MAR16 TREND: 31.265 4.00 TURN (TU-CL)%: 23.082 -30.25 0.00 SMO TPL: 10438 DAS 5 15 10541 -4.00 2012 2013 2014 2015 J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M 60.00 HI-1MAY15 HI/LO DIFF 66.240

-71.00% 50.00 40.00 CLOSE AVG 15 33.095 29.648 30.00 AVG 40 42.111 20.00 LO-12FEB16 19.211 8000 4000 PEAK VOL. VOLUME 11327.0 569.9 OBV 1000 1 12156.1 TESORO LOGISTICS LP 200 WEEKS TLLP.U 25MAY12 - 16MAR16 TREND: 45.627 4.00 TURN (TU-CL)%: 39.932 -12.18 0.00 SMO TPL: 10516 DAS 5 15 10316 -4.00 2012 2013 2014

2015 J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M 70.00 HI-13JUN14 LO/HI DIFF 75.550 158.29% 60.00 50.00 40.00 30.00 CLOSE AVG 15 45.470 44.753 AVG 40 49.595 LO-8JUN12 29.250 PEAK VOL. VOLUME 21346.5 1482.0 OBV 1000 1 11690.5 18000 12000 6000 TALLGRASS ENERGY PARTNERS LP 149 WEEKS TEP.U 17MAY13 - 16MAR16 TREND: 36.672 2.00 TURN (TU-CL)%: 30.329 -20.65 0.00 SMO TPL:

10437 DAS 5 15 10338 4.00 -2.00 -4.00 2012 2013 2014 2015 J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M 50.00 HI-27FEB15 LO/HI DIFF 53.700 161.57% 45.00 40.00 35.00 30.00 CLOSE AVG 15 38.220 35.683 AVG 40 41.420 LO-28JUN13 20.530 25.00 10000 5000 PEAK VOL. VOLUME 11570.4 514.7 OBV 1000 1 -5675.7 PLAINS ALL AMER PIPELINE LP 200 WEEKS PAA.U 25MAY12 - 16MAR16 5.00 0.00

-5.00 2012 2013 J J A S O N D J F M A M J J A S O N D J 50.00 TREND: 24.151 TURN (TU-CL)%: 17.718 -26.39 SMO TPL: 10576 DAS 5 15 20101 2014 2015 F M A M J J A S O N D J F M A M J J A S O N D J F M HI-12SEP14 HI/LO DIFF 61.090 -75.74% 40.00 30.00 CLOSE AVG 15 24.070 21.404 AVG 40 29.364 LO-12FEB16 14.820 20.00 30000 20000 PEAK VOL. VOLUME 40084.5 7255.2 10000 OBV 1000 1 -54071.7

MAGELLAN MIDSTREAM PARTNERS LP 200 WEEKS MMP.U 25MAY12 - 16MAR16 5.00 0.00 -5.00 TREND: 71.527 TURN (TU-CL)%: 65.298 -7.30 SMO TPL: 20303 DAS 5 15 20303 2012 2013 2014 2015 J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M 80.00 HI-21NOV14 LO/HI DIFF 90.080 170.43% 70.00 60.00 50.00 CLOSE AVG 15 70.440 65.045 AVG 40 66.742 LO-1JUN12 33.310 PEAK VOL. VOLUME 13214.3 1859.9

OBV 1000 1 7192.7 40.00 10000 5000 ENTERPRISE PRD PT LP 200 WEEKS EPD.U 25MAY12 - 16MAR16 2.00 0.00 -2.00 TREND: 25.000 TURN (TU-CL)%: 21.502 -12.95 SMO TPL: 10573 DAS 5 15 20101 2012 2013 2014 2015 J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M 40.00 HI-12SEP14 HI/LO DIFF 41.380 -54.08% 36.00 32.00 28.00 CLOSE AVG 15 24.700 23.421 AVG 40 26.016

LO-22JAN16 19.000 PEAK VOL. VOLUME 63412.8 12674.1 OBV 1000 1 -40357.8 24.00 20.00 60000 40000 20000 VALERO ENERGY PARTNERS LP 119 WEEKS VLP.U 13DEC13 - 16MAR16 5.00 0.00 -5.00 TREND: 52.974 TURN (TU-CL)%: 47.513 -6.25 SMO TPL: 10408 DAS 5 15 20101 2012 2013 2014 2015 J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M 55.00 HI-11JUL14 LO/HI DIFF 56.890 106.87% 50.00 45.00 40.00

35.00 CLOSE AVG 15 50.680 47.100 AVG 40 47.718 LO-13DEC13 27.500 30.00 10000 5000 PEAK VOL. VOLUME 12240.6 285.8 OBV 1000 1 15223.0 PLAINS GP HOLDINGS LP 127 WEEKS PAGP.U 18OCT13 - 15MAR16 4.00 TREND: 6.5821 TURN (TU-CL)%: 5.1100 -31.87 0.00 SMO TPL: 10539 DAS 5 15 11341 -4.00 2012 2013 2014 2015 J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M 30.00

HI-27JUN14 HI/LO DIFF 32.580 -85.51% 24.00 18.00 12.00 CLOSE AVG 15 7.500 7.9640 AVG 40 14.835 6.00 LO-12FEB16 4.720 60000 40000 20000 PEAK VOL. VOLUME 71481.4 4860.3 OBV 1000 1 8620.0 TALLGRASS ENERGY GP LP 46 WEEKS TEGP.U 8MAY15 - 16MAR16 4.00 0.00 -4.00 TREND: 15.642 TURN (TU-CL)%: 11.325 -31.03 SMO TPL: 10523 DAS 5 15

20101 2012 2013 2014 2015 J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M 30.00 HI-5JUN15 HI/LO DIFF 34.980 -72.38% 25.00 20.00 CLOSE AVG 15 16.420 15.016 15.00 AVG 40 21.887 10.00 LO-12FEB16 9.660 20000 10000 PEAK VOL. VOLUME 28757.4 498.5 OBV 1000 1 27978.3 BOARDWALK PIPELINE PARTNERS LP 200 WEEKS BWP.U 25MAY12 - 16MAR16 6.00 0.00 -6.00 TREND: 13.432 TURN (TU-CL)%:

11.010 -23.54 SMO TPL: 20202 DAS 5 15 20303 2012 2013 2014 2015 J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M 30.00 HI-19JUL13 HI/LO DIFF 33.000 -73.15% 25.00 20.00 15.00 CLOSE AVG 15 14.400 11.981 AVG 40 12.809 10.00 LO-22JAN16 8.860 60000 40000 20000 PEAK VOL. VOLUME 73136.7 6369.4 OBV 1000 1 25381.7 TARGA RESOURCES CORP 200 WEEKS TRGP.U 25MAY12 - 16MAR16 TREND:

27.926 10.00 TURN (TU-CL)%: 15.348 -49.26 0.00 SMO TPL: 10539 DAS 5 15 20101 -10.00 2012 2013 2014 2015 J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M 140.00 120.00 HI-20JUN14 HI/LO DIFF 160.970 -90.96% 100.00 80.00 60.00 40.00 CLOSE AVG 15 30.250 24.340 AVG 40 49.915 LO-12FEB16 14.550 20.00 30000 20000 10000 PEAK VOL. VOLUME 38191.7 10982.8 OBV 1000 1

60284.9 NISKA GAS STORAGE PARTNERS LLC NKA.U 71 MONTHS MAY10 - 16MAR16 TREND: 2.6818 4.00 TURN (TU-CL)%: 1.2617 -65.53 0.00 SMO TPL: 10818 DAS 5 15 20404 -4.00 2000 20.00 16.00 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

HI-APR11 HI/LO DIFF 22.210 -94.55% 12.00 8.00 4.00 CLOSE AVG 15 3.660 2.9687 AVG 40 9.2740 LO-JUN15 1.210 PEAK VOL. VOLUME 19133.1 741.9 OBV 1000 1 6198.4 16000 8000 Things I would Like to Do Sit on a BOND FUTURES trading desk for 24 hours and trade FX futures Wander the halls at Goldman Sachs for a day Trade several 500k share blocks of APPL and XOM and SWKS on a mutual fund desk Sit with a Chicago prop trader moving 100 lots Unplug the computer of a HFT firm in the middle of a 10am trade (more than once) US 10yr NoteFUTURE: event Bombing at Brussels airport Futures DROP into Traders BUY Brussels Airport Bombing report 3.23 Crude Low January 13 THE OBV chart: SP FUTUREs today KELTNER CHANNEL and DMI plus minus, not ADX KELTNER CHANNEL & DMI plus minus, not ADX: CROSSOVER pops! KELTNER Channel: STOXX 50 SMITH & WESSON

S 012 S O 1JUN12 - 22MAR16 TREND: TURN (TU-CL)%: SMO TPL: DAS 5 15 N D J F M A M 2013 J J A S O N D J F M A M 2014 J J A S O N D J F M A M 2015 J J A S O N D J F M HI-18MAR16

LO/HI DIFF CLOSE AVG 15 AVG 40 LO-8JUN12 PEAK VOL. VOLUME OBV 1000 1

Recently Viewed Presentations

  • Teslas Alternating Current Dr. Bill Pezzaglia Updated 2014Mar10

    Teslas Alternating Current Dr. Bill Pezzaglia Updated 2014Mar10

    The "bandwidth" f is defined to be the difference of these frequencies, and it is simply related to the Q factor. 3b Bandpass and Bandreject Filter * What we have here is a "bandpass filter", that passes frequencies near the...
  • Soldier for Life Overview LTC Jon Sowards Director,

    Soldier for Life Overview LTC Jon Sowards Director,

    Soldier for Life Campaign . Mission. Soldier for Life . connects. Army, governmental, and community efforts to build relationships that facilitate successful reintegration of our Soldiers, Retired Soldiers, Veterans, and their Families in order to keep them Army Strong and...
  • Adult steelhead evaluations in Imnaha River tributaries William

    Adult steelhead evaluations in Imnaha River tributaries William

    William Young, Jocelyn Hatch. Nez Perce Tribe . Department of Fisheries Resources Management. Determine adult steelhead abundance in 3 Lower Imnaha River tributaries - Cow Creek, Lightning Creek and Horse Creek. Fish weirs for a minimum of 5 years per...
  • A Modest Proposal: Addressing the Physics Teacher Shortage by ...

    A Modest Proposal: Addressing the Physics Teacher Shortage by ...

    A Modest Proposal: Addressing the Physics Teacher Shortage by Master's Level Cross and Alternative Certification into Physics Teaching Last modified by Dan MacIsaac
  • Executive Order 13508 Final Strategy Overview

    Executive Order 13508 Final Strategy Overview

    MB and PSC - Set direction, recommend and approve language for including in new Agreement. Executive Council - Sign Final Agreement ... Alliance for the Chesapeake Bay Albert H. Todd. West Virginia Rivers Coalition Angela Rosser. City of Lancaster J....
  • How to form and use the conditional tense

    How to form and use the conditional tense

    To start with, you need an infinitive, i.e. vivir, comer, escuchar .. etc Then, you need to add on the endings to the infinitive. The endings are … -ía -ías -ía -íamos -íais -ían These endings work for -er, -ir...
  • Business Law 1

    Business Law 1

    dead sister in an antique locket but the judge thinks he is looking at his pocket watch. Then Nick goes into a long rant about participating in a Madden Challenge, the NFL video game for prize money ($100,000) and that...
  • Exercise Lab - Kyrene School District

    Exercise Lab - Kyrene School District

    Taking Your Pulse . Use your index and middle finger to gently press, under your jaw and on the side of your throat. We will count our heart-beats for 30 seconds and then multiple by 2 to get our resting...