Cowabunga System Daily Update: Wednesday, 11/16/2016

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Main Trend

Current Trend

The trend was DOWN the entire day.

Today I only looked for short trades.

News events to watch for today:

• 4:30am EST– UK Claimant Count Change
• 8:30am EST– US PPI
• 9:15am EST– US Capacity Utilization
• 10:00am EST– US NAHB Builders Survey

Today’s Surf

3:30am EST– Didn’t consider this possible signal because it was close to the 4:30am EST news candle.

11:00am EST– Didn’t consider this possible signal because it was close to 12 noon EST.

Trade Result: +0 pips R-Multiple: N/A

News events to watch for Thursday:

• 4:30am EST– UK Retail Sales
• 8:30am EST– US CPI

For a complete list of news events check out our Forex Economic Calendar.
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