ther Analytics

Weekly Technical Conspectus

publish date : 5/9/2014

Author : Alex Bernal, CMT

alex@aetheranalytics.com
805.252.7161

DISCLAIMER
The information in this report is based upon public sources Aether Analytics LLC (we or us ) believes reliable, but no representation is made by us that such
information is accurate or complete. The views expressed above represent our personal and subject view as of the date of this newsletter, and we do not undertake
to advise you of any change in the reported information or in opinions expressed herein.
This report was prepared and issued by us for distribution to sophisticated investors, and does not constitute investment, legal or tax advice, individualized or
otherwise. Investments involve substantial risk, and the investments referred to herein may not be suitable for each investor. Investors must make their own investment
decisions in consultation with their professional advisors in light or their specific circumstances. The value of investments may fluctuate, and investments that are
denominated in foreign currencies may fluctuate in value as result of exposure to exchange rate movements. Information about past performance of an investment
is not necessarily a guide to, indicator of, or assurance of, future performance. This report is not an offer to buy or sell any security.
To the maximum extent permitted by law, Aether Analytics LLC disclaims any and all liability in the event any information, commentary, analysis, options, advice
and / or recommendations in the report prove to be inaccurate, incomplete or unreliable, or result in any investment or other losses.
The publisher shall act with integrity, competence, diligence, respect, and in an ethical manner with the public, clients, prospective clients, colleagues and other
participants in the global capital markets. You may use the information provided at your own risk.
No representation is being made that the information will produce trading profits, or limit trading losses. In no event shall Aether Analytics LLC or its employees,
representatives, affiliates or contributing authors be held liable for any special, incidental or consequential damages, whatsoever (including without limitation,
trading losses or any other losses incurred) arising from the use or inability to use the information contained herein.

Report Details
Charts : Only markets that have critical trade setups or existing trades will be included.
Publishing schedule : Weekly, delivered Sunday evening
If any instrument was not covered in this weeks letter but you would still like a technical synopsis Please feel free to skype me at alexbernal0 or email
alex@aetheranalytics. Com
User Guide Download Link > http://aetheranalytics.com/images/AetherConspectusUserGuide.pdf

Table of Contents
Section 1 : Quick Glance Table Summary
Section 2 : Currencies

Section 3 : Energy Complex

Section 7 : Grains & Softs

Section 9 : Dow 30 Stocks

Section 10 : Sample Portfolio Tracking

AUDCAD

WTI CRUDE

Corn

AXP

Section 11 : Appendix

AUDJPY

Brent Crude

Soybeans

BA

TRV

AUDNZD

Natural Gas

Soybean Oil

CAT

UNH

AUDUSD

Section 4 : Interest Rates

Oats

CSCO

UTX

EURAUD

10 Year Treasury Note

Wheat

CVX

EURCAD

30 Year Treasury Bond

Coffee

DD

VZ

EURGBP

Ultra Bond

Sugar

DIS

WMT

EURJPY

Section 5 : Indices

Cotton

GE

XOM

EURNZD

S&P 500

Cocoa

GS

EURTRY

Nasdaq 100

Section 8 : SDPR Sector ETFs

HD

EURUSD

Russell 2000

XLB

IBM

GBPAUD

DJIA

XLE

INTC

GBPCAD

VIX (VXX / VXZ)

XLF

JNJ

GBPJPY

Nikkei

XLI

JPM

GBPNZD

Shanghai

XLK

KO

HKDJPY

Heng Seng

XLP

MCD

NZDJPY

Jakarta

XLU

MMM

NZDUSD

Section 6 : Metals

XLV

MRK

USDCAD

Gold

XLY

MSFT

USDHKD

Silver

NKE

USDJPY

Platinum

PFE

Palladium

PG

Symbol

Current Trade or Setup

Time Frame Recommended Entry
Price

*Symbol is bold if trade is at a critical level

Current Stops

Targets

Quick Note

AUDCAD Daily &

Weekly

Entry 1.01 Triggered

1/2 @ 1.035 1/2 @ 1.032

0.99 & 0.96

Trade is Live

AUDJPY

Entry 95.00 Triggered

1/2 @ 95.92 , 1/2 @ 96.60

(1) 93-92, (2) 89 -87

Trade is Live.

Daily

AUDNZD

No tradable Patterns

AUDUSD

Daily

Entry 0.935 Triggered

1/2 @ 0.941

91 & 88

Trade is Live

EURAUD

Weekly

Entry 1.488 Triggered

1/2 @ 1.47, 1/2 @ 1.45

1.5948 minimum

Trade is Live

EURCAD

H&S Top Confirmed (Trade suggested for aggressive traders, but we will not take)

EURGBP

Possible bat support on weekly 0.79

EURJPY

Daily

Entry Triggered 140.00

1/2 @ 142.94, 1/2 @ 142.14

134

Trade is Live Triangle Breakout

EURNZD

stopped out @ 1.587

EURTRY

Possible Bullish Bat @ 2.75. No trade suggestions currently

EURUSD

Weekly

Sell stop entry 1.367

1/2 @ 1.43, 1/2 @ 1.41

1.24

Approaching entry point

GBPAUD

5th wave underway

GBPCAD

Possible complex head and shoulders top pattern

GBPJPY

Possible bearish 1 : 0.618 rhombus

GBPNZD

Daily

Entry Triggered 1.953

1/2 @ 1.93

2.002.03, LT 2.10

HKDJPY

Trade is Live. Stopped out of 1/2 at 1.943

No tradable patterns. No bias

NZDJPY

Weekly

Sell stop entry 86.00

1/2 @ 92.98, 1/2 @ 93.99

78 & 70

High ranking symmetry 5 wave EW pattern with Bearish Harmonic within Wave 4 and 5. Great trade setup

NZDUSD

Daily

Sell stop entry 0.85 0.864

1/2 @ 0.88. 1/2 @ 0.876

0.835 & 0.815

First Trade Fully stopped out @ 0.876, Waiting for Broadening Pattern to confirm re entry

USDCAD

Bearish 5-0

USDHKD

No tradable patterns. Downside bias

Symbol

Current Trade or Setup

Time Frame Recommended Entry
Price

*Symbol is bold if trade is at a critical level

Current Stop

Targets

Quick Note

USDJPY

Weekly EW complete 5 wave cycle

USDMXN

Failed Bullish Gartley

USDSGD

Potential Bullish Bat, PRZ Not Reached Yet

USDTRY

No tradable patterns.

WTI CRUDE

Daily

Entry Triggered 102.58

1/2 @ 102.58

94

Trade is Live. 1/2 of position taken off at target 1 99.00

BRENT CRUDE

Very complex pattern on daily, no trade suggested. Large Scale symmetrical triangle on weekly

Nat Gas

No tradable patterns.

10 YEAR NOTE

Daily

Entry Triggered 125,05

1/2 @ 123.95, 1/2 @ 123,52

128

Trade is Live

30 YEAR BOND

Weekly

Entry Triggered 135.16

131.28

142.16

Trade is Live

Ultra Bond

Similar pattern to ZB

SP500

No tradable patterns.

NASDAQ 100

Gartley support 3433, Bearish H&S Pattern

RUSSELL 2000

Daily

Buy stop entry 1140

1/2 @1065.10, 1/2 @ 1049.9 1201 & 1260 Possible Bullish Bat. 3/4 normal size trade recommended

DJIA

1:1 ABC Rhombus

VIX VXX VXZ

No tradable patterns.

NIKKEI

No tradable patterns. Downside bias

SHANG HAI INDEX

Daily

Sell stop entry 2185

1/2 @ 2166, 1/2 @ 2156

1980

Trade is Live

Symbol

Current Trade or Setup

Time Frame Recommended Entry
Price

*Symbol is bold if trade is at a critical level

Current Stop

Targets

HENG SENG

Quick Note

Weekly Gartley Possibility

JAKARTA

Sell stop entry 4704

1/2 @ 4151, 1/2 @ 5209

4000

ENTRY WAS NOT TRIGGERED YET.

BOMBAY SENSEX

Weekly

Sell stop entry 22000

1/2 @ 24133, 1/2 @ 23639

19000

Bearish crab & 5 wave complete EW impulse

GOLD

Weekly

Buy stop entry 1400

1/2 @ 1196.3, 1/2 @ 1153

1650

Weekly Possible bullish reverse head and shoulders

SILVER

Daily

Buy stop entry 20.00

1/2 @ 18.55 1/2 @ 18.19

22 & 24

Possible Bullish Bat, PRZ reached. Looking for a move through 20 to trigger buy stop to entry

Platinum
Palladium

No tradable pattern
Daily

Entry Triggered 800

1/2 @ 844.28 1/2 @ 832.54

770 & 720

Corn
Soybeans

Trade is Live
Three drives to a high pattern

Weekly Daily Sell stop entry 1440

1/2 @ 1604, 1/2 @ 164

1300 & 1050

Multi Harmonic Resistance on Weekly Pattern. Clear 5 wave impulse complete on daily

Soybean Oil

Gartley Levels shown

Oats

No tradable patterns.

Wheat

Daily

SELL On Open Monday!

1/2 @ 781.72, 1/2 @ 767.65

660 & 620

Trade is Live. Bearish Butterfly with complete 5 wave pattern

Coffee

Low Pattern Rank Alt Bat

Sugar

No tradable patterns.

Cotton

No tradable patterns.

Cocoa

Weekly

Entry Triggered 2866

1/2 @ 3172, 1/2 @ 3089

2600 & 2200

Trade is Live Bearish Crab Pattern

Symbol

Current Trade or Setup

Time Frame Recommended Entry
Price

*Symbol is bold if trade is at a critical level

Current Stop

Targets Quick Note

XLB

No tradable patterns.

XLE

No tradable patterns.

XLF

No tradable patterns.

XLI

No tradable patterns.

XLK

No tradable patterns.

XLP

Weekly

43.50

1/2 @ 46.44, 1/2 @ 45.75

39.50

Bearish Three Drives with Price and Time rhombus

XLU

Weekly

41.75

1/2 @ 45.76, 1/2 @ 44.99

38

Bearish Butterfly and Bearish 1 : 0.786 Rhombus

XLV

No tradable patterns.

XLY

Gartley Support

AXP

No tradable patterns.

BA

No tradable patterns.

CAT

Weekly Gartley Low Pattern Rank

CSCO

Weekly

Sell Stop short 22

25.29 & 24.55

20 & 17

ABC retracement wave B or 2

CVX

No tradable patterns.

DD

No tradable patterns.

DIS

No tradable patterns.

GE

Fractals

GS

No tradable patterns.

HD

Fractals

IBM

No tradable patterns

Symbol

Current Trade or Setup

Time Frame Recommended Entry
Price

*Symbol is bold if trade is at a critical level

Current Stop

Targets Quick Note

INTC

No tradable patterns.

JNJ

Fractals

JPM,

No tradable patterns.

KO

Low structure rank. No trade suggested.

MCD

No tradable patterns.

MMM

Failed Gartley

MRK

Daily

MSFT

NKE

Entry Triggered 57.99

1/2 @ 58.23, 1/2 @ 57.50

53 51

Trade is Live
No tradable patterns.

Weekly

Double Top

PFE

No tradable patterns.

PG

Diamond top

Low pattern rank. Bearish Bat

TRV

No tradable patterns.

UNH

No tradable patterns.

UTX

No tradable patterns.

Bullish support lower

VZ

No tradable patterns.

WMT

Bearish Bat setting up

XOM

Failed bearish gartley

Currencies

AUDCAD - Daily Trade is Live. Sell stop to entry triggered 1.01, Stop levels are at 1.035 & 1.028. Possible targets are .99 and .96. Analysis : Extended bearish Butterfly. Clear impulse wave up from January low. One could easily fit this wave structure as a possible wave 3 of 5 up secondary wave. As trade is developing we were glad to see a bearish
cup and handle pattern at the top structure.

AUDCAD - Weekly On the weekly scale the pattern is even more convincing for a reversal here. We have really nice ABC retracement symmetry within the Gartley pattern.
Wave C target possibility is 0.92 to 0.88. We suggest using the daily chart for execution.

AUDJPY - Trade was triggered on 4/15. Hard stops have shifted down and are now at 96.60 & 95.92. Clear corrective type wave structure from A to D. X is very impulsive, which
should contribute to a well behaved reversal here. Targets remain 93 and 89.

AUDUSD- 1/2 of position was stopped out at 0.9355. Remaining position stops are now at 0.941. We suggest waiting for a break below Entry Zone 2 at 0.9214 before
adding or re-entering this trade. Analysis : Price bounced off the A C trendline, we could be making a wave 2 up retracement that would suggest a strong down
move if it breaks entry zone 2.

EURAUD - Trade is Live. 1/2 of position was stopped out at 1.47. 1/2 Buy stop entry triggered at 1.488 still Very nice AB = CD wave setting up here at .618% of the previous impulse wave. Clearly a nice area to get long with the prevailing trend. Current stop for remaining 1/2 @ 1.45, Minimum expected target is 1.59. Risk is price
breaks lower to complete a 5 wave impulse down. (see daily chart)

EURAUD daily - Trade is Live. Possible wave 5 leg will take out our stops and push towards BAT support. If stopped out we will revisit entry levels due to higher time
frame bullish pattern.

EURCADBearish Head and shoulders confirmed. Measured move target possibility 1.44. Right shoulder is finding support at 1 : 0.618 ABC. Aggressive traders with
bearish EUR bias could short here with stops at 1.53 and 1.52.

EURGBP WeeklyPossible bat support at 0.79

EURJPYTrade is Live, Sell stop entry triggered 140. Stops are at 142.94 & 142.14. Measured move target 134. Analysis : Corrective Symmetrical triangle.

EURNZDTrade got stopped out at 1.587.

EURTRYWave 5 underway. Possible 5th wave measures a typical move very close to Bullish Bat support near 2.73

EURUSD Sell stops to entry waiting at 1.367. Stops at 1.424 and 1.415 would be used if filled. Potential downside targets could be 1.24 or new lows long term. Weekly
scale corrective EW pattern suggests that the current up move from the 2012 low could be at a critical reversal juncture. The Gartley PRZ of 1.401 has not been tested yet but we think this pattern is of high enough rank to merit early short positions for aggressive traders.

GBPAUD Retest complete of the primary head and shoulders pattern neckline. No trade recommended due to low structure rating but suggested stops are shown
for those whom want to take the risk. (now 1.837 & 1.822). If we do see a reversal here then I have laid out possible wave 5 moves that would fit the pattern symmetry. 1.74 would be a typical wave 5 move. H&S measured move is 1.71.

GBPCAD Complex head and shoulders pattern confirming. Measured move target 1.77

GBPJPY bearish Rhombus confirmed . The Length of X to A : B to C is 1 : 0.618. Also it is hitting the double top resistance level from the March and April highs.. A prospective wave C move target would be approximately 168 if the current move is assumed to be B in nature. We are not suggesting a trade setup here but for those
who like the idea prospective stops would be at 175.63 & 174.52. Cypher support at 169. and potential wave 3 measures 1.65 typical length.

GBPNZD Trade is Live. 1/2 of position stopped out at 1.943. Current Stop for remaining position 1.928. Measured move targets at minimum at 2.00 and we suggest
taking off all of the total position if this is reached since the target 2 is beyond what we see feasible in the next move.

NZDJPY weekly Very high ranking pattern symmetry. Clearly a 5 wave EW impulse with a Bat-Crab in between wave 3 and 5. When we get a high ranking Ew
pattern that also has a Harmonic relationship in the 35 wave termination points its a very high conviction trade setup. We recommend 200% normal position size
for aggressive traders. Sell stop to entry at 86.00, with stops at 92.98 & 93.99 respectively. Minimum expected targets are 78 and 70.

NZDJPY Daily Look. Double top about to confirm here for weekly pattern.

NZDUSD Previous Trade Fully Stopped out at 0.876. unfortunately our initial trade got fully stopped out and reversed right after. But we are going to stay systematic
and wait for a re entry out of the current broadening pattern since we think the harmonic setup is still valid. If sell top to entry fills at 0.85 our 2 targets would be 70%
of Broadening Pattern Measured move at 0.835and then 0.8150 harmonic target. Stops will be place at 0.881 and 0.876 if filled.

USDCAD Nice turn from 2 weeks ago suggested bearish 5-0. Target still un reached.

USDJPY Weekly complete 5 wave EW cycle. Prospective ABC retracement measures.

USDSGD potential bullish Bat, PRZ not yet reached. I have measured out the typical wave 5 symmetry and its quite curious that it is very close to the bullish bat support on the larger term pattern setting up here.

Energy

WTI Crude Oil Trade is Live. 1/2 of the original trade position was taken off for profits at 99.00. Current stop for remaining 1/2 is at 102.58. Target 2 of 94.00 is next
place we will take profits if position is not stopped out before then.

Brent Weekly Large scale symmetrical triangle.

Interest Rates

US Ten Year Treasury Note Trade is Live. Buy stop entry triggered 125,05. 1/2 normal position size suggested. Current stops at 123.95 & 123.52. Measured move target is 128. Bullish bat in early April supported the Head and Shoulders bottom pattern.

US 30 Year Treasury BondTrade is Live. Buy stop for a long entry was triggered on 5/1/2014. Weekly Reverse Head and Shoulders bullish breakout. Stops are at 132.
possible target measured move is 143.

US 30 Year Treasury BondDaily Look current up wave could find harmonic resistance at 138.04. we will move stops up tighter when this level is being tested.

Indices

S&P 500 Futures Daily Look. Very complex Triple Top / Diamond top here. But we wont rule out a ABC correction awaiting more upside. We have evidence that a
down cycle (seasonally sell in may and stat cycles) suggest a down move into June (Gartley support ) is most likely

NASDAQ 100 Daily Look, small scale Gartley support at 3433. But as the pattern is developing its clear that it is a Head and Shoulders top. The Neckline of this pattern is a make or break level meaning if we test on the harmonic support and start to move higher a bullish move up through recent highs is expected. While if we
get a confirmed break down below neck line we suggest a small short trade, with sell stop to entry at 3400. If filled stops at right shoulder are suggested with a 3100
measured move target.

DJIA Could be setting up a head and shoulders top. We are currently forming the right shoulder. If we see a reversal down a sell stop to entry could be recommended at 15920.

Russell 2000 Futures Despite other correlated markets showing signs of bearish top patterns TF is sitting right at bullish support . To hedge our bearish trades in YM /
ES we are suggesting a possible long trade here in TF if we get a bullish catalyst. Buy stop entry 1140, with stops at 1065 and 1049 if filled. Targets are 1201 @ 1260.

SHANG HAI INDEX Trade is live, Entry triggered at 2185. Stops are revised to 2166 for 1/2 and 2156 for 1/2.

Jakarta IndexUpdate : ENTRY Suggestion Not triggered yet. High ranking bearish Gartley pattern on the weekly scale. There is also nice symmetry inside the X and
C legs. This indicates there is some well behaved wave energy occurring in this market and should be high conviction trade. We recommend %150 bigger position
size than normal.

Bombay Sensex IndexUpdate : PRZ was hit on a bearish Bat Crab (1/2 way between). There is also high ranking symmetry in respect to the 5 wave sequence
that we labeled starting at the Harmonic A point. On a long term basic we feel like this market is way over extended and the potential retrace is quite substantial.
Sell stop to entry is suggested at 22000 with stops at 24133 & 23639. Minimum hold target would be 19000

Metals

Gold Weekly Possible bullish head and shoulders reversal pattern off of the Major harmonic support level zone. If neck line is breached at 1400 a small buy stop to
entry for long trade is recommended with stops at 1196 and 1153 respectively. Minimum measured move target would be 1650.

Silver Nice Bullish Bat setting up here . Suggested Buy stop entry 20.00 with stops at 1/2 @ 18.55, 1/2 @ 18.19 with Targets at 22 & 24. Also clear bullish three drives
pattern down here at the D zone.

Palladium Trade is Live. Sell stop entry triggered 800. Stop are at 844 and 832.50 for 1/2 of the position for each. Bearish Deep Crab. With nice structure rating. This
complex three drives high suggests there is distribution up here at the PRZ. This could be a good spread trade with Gold's bullish set up. If Gold and Silver fail support
here it should drag this leader down.

Grains & Softs

Soybeans Weekly. There is two separate harmonic patterns here both with resistance PRZ at the 1520 +/- region. Clear ABC up swing suggests a new down impulse
should form. Suggested entry zone is 1440 for a sell stop to entry short. With stops at 1646 & 1604. Targets are the recent lows at 1280 and below at 1050.

Soybeans Oil Daily Look

Wheat Immediate Sell Signal In accordance to the newsletter we will go short at market first open of Wheat on Monday. Bearish butterfly reversal with 5 wave sequence preceding pattern. On fill stop loss orders will be placed at 781.75 for 1/2 position and 767.65 for 1/2 position. Minimum Target is 658.50.

CoffeeBearish ALT bat. Great trade. We did not enter due to pattern rank.

Cocoa Trade is Live. Sell stop entry filled 2866. Stops are at 3172 & 3089. Bearish Crab Pattern on the weekly scale. Nice structure rating here. This is a high probably trade set up. We recommend using 150% larger size on this trade. Targets are 2600 and 2200.

SDPR Sector ETFS

XLP Consumer Staples Three drive to a high top pattern here (1.618 and 1.272 ratio between highs) Also in the last 2 swings a bearish rhombus has formed with nice
price and time symmetry. Sell stop to entry at 43.50 with stops at 46.44 & 47.45. Target at 39 or EPA Line

XLU Utilities Three drive to a high top pattern here with a Bearish Butterfly as well. Also in the last 2 swings a bearish rhombus has formed with nice price and time
symmetry. Sell stop to entry short is suggested at 41.75 with stops at 45.76 and 44.99. Targets of 38 & 35 to the downside.

Dow 30 Stocks

CSCOABC retracement of Wave 2 or B. Small entry suggested below 22. If filled stops at 25.29 & 24.55. Target 20 & 17.

INTCMeasures

KOFractals. Low structure rank. No trade suggested.

MCD Weeklyfractals

MMM dailyGarfly

MRK Trade is Live. Sell stop entry filled 58.00. Current Stops at 58.23 & 57.50. High pattern rank complete EW 5 wave up cycle. Targets at 50% and 61.8% 52, 51 levels. Nice bearish butterfly to compliment the 3 to 5 wave reversal zone.

NKEDouble Top (last week no change)

XOM Potential Garfly

Portfolio Tracking

Sample Portfolio Tracking

In the effort to help our subscribers learn how to effectively manage a forex, futures & Stock portfolio we have build a sample portfolio tracking log that utilizes a
base $100,000.00 NAV starting amount for 3 separate portfolios; $100,000 for futures , $100,000 for forex & $100,000 for stock trades. In efforts to simplify this log we will
not include commissions or broker fees since these will vary from subscriber to subscriber. This is in no way meant to be representative of actual capital being managed but solely for educational purposes to show the subscriber how we are performing with our trade suggestions and risk management. We will strive to keep the
most accurate trading performance statistics possible and also keep our log simplified and transparent.
Forex : We will assume a minimum trade lot size of 10 Mini forex lots for all FX trades unless noted otherwise.
(10,000 units of quote currency)
Futures: We will assume a minimum trade lot size of 1 standard futures contract for all futures trades unless noted otherwise.
Equities : %200 NAV of portfolio will be the base multiplier for share size. (rounded up to nearest whole)

Subscribers are responsible for calculating there own optimal position sizes in accordance to there own individual risk tolerances.
The information in this report is based upon public sources Aether Analytics LLC (we or us ) believes reliable, but no representation is made by us that such information is accurate or complete. The views expressed above represent our personal and subject view as of the date of this newsletter, and we do not undertake to
advise you of any change in the reported information or in opinions expressed herein.
This report was prepared and issued by us for distribution to sophisticated investors, and does not constitute investment, legal or tax advice, individualized or otherwise. Investments involve substantial risk, and the investments referred to herein may not be suitable for each investor. Investors must make their own investment decisions in consultation with their professional advisors in light or their specific circumstances. The value of investments may fluctuate, and investments that are denominated in foreign currencies may fluctuate in value as result of exposure to exchange rate movements. Information about past performance of an investment is
not necessarily a guide to, indicator of, or assurance of, future performance. This report is not an offer to buy or sell any security.
To the maximum extent permitted by law, Aether Analytics LLC disclaims any and all liability in the event any information, commentary, analysis, options, advice
and / or recommendations in the report prove to be inaccurate, incomplete or unreliable, or result in any investment or other losses.
The publisher shall act with integrity, competence, diligence, respect, and in an ethical manner with the public, clients, prospective clients, colleagues and other
participants in the global capital markets. You may use the information provided at your own risk.
No representation is being made that the information will produce trading profits, or limit trading losses. In no event shall Aether Analytics LLC or its employees, representatives, affiliates or contributing authors be held liable for any special, incidental or consequential damages, whatsoever (including without limitation, trading
losses or any other losses incurred) arising from the use or inability to use the information contained herein.

Trade Log
Symbol

Entry Date

*Portfolio position sizing & P/L is based on the 2 sample portfolios tracked on the previous page
Long/Short

Basis Price

*Size

Exit Price

Points or Pips P/L *$ P&L

(Mini lots or contracts)

Current Stop Current Stop Exit Date

#1
#2

EURNZD

4/11/2014

Long

1.605

10

1.58

1.570

5/6/2014

avg (1.575)

- 0.03

$-3000

NZDUSD

4/11/2014

Short

0.8635

10

0.88

0.89

5/6/2014

avg (0.876)

-0.125

$-1250

AUDJPY

4/15/2014

Short

95.00

10

95.92

96.60

AUDUSD

4/17/2014

Short

0.935

10

0.910

0.88

NZDUSD

4/15/2014

Short

0.863

10

0.88

0.87

EURAUD

4/23/2014

Long

1.488

10

1.47

1.45

GBPNZD

4/16/2014

Long

1.953

10

1.93

5/6/2012

(1/2@)1.943

WTI Crude

4/22/2014

Short

102.58

102.58

104

5/1,

1 @ 99.00

Shanghai

4/22/2014

Short

2185

*Index (100)

2156

2160

AUDCAD

4/29/2014

Short

1.01

10

1.035

1.028

30 Year

5/1/2014

Long

135.16

131.28

EURJPY

5/9/2014

Short

140

10

142.94

142.14

10 Year

5/9/2014

Long

125.05

123.95

123.52

Palladium

5/7/2014

Short

800

844.28

832.54

$-500
3.58,

$3580

Trade Log
Symbol

Entry Date

*Portfolio position sizing & P/L is based on the 2 sample portfolios tracked on the previous page
Long/Short

Basis Price

*Size
(Mini lots or contracts)

Current Stop Current Stop Exit Date

#1
#2

Wheat
Cocoa

5/9/2014

Short

2866

2600

2200

MRK

5/5/2014

Short

57.99

500

58.23

57.50

Exit Price

Points or Pips P/L *$ P&L

Sample Portfolio Performance

Performance Table
Jan
2014

Feb

* Portfolio Performance is calculated from month end only on closed trades

Mar

Apr

May

Jun

July

Aug

Sep

Oct

Nov

Dec

0.0%

0.0%

2015

Risk Return Profile

Performance YTD

Performance since inception

Max Draw Down

Next UpdateJune 30th

YTD

Annual RoR

Monthly Annual Compound Return

Sharpe since inception

Profit Factor

Appendix
Methodology & Strategy
Harmonic any component of a periodic oscillation whose frequency is and integral multiple of the fundamental frequency.
The periods of neighboring waves in price action tend to be related by the small whole number. - J.M. Hurst
Our aim with this report is to only focus on identifying the best possible trading patterns that are occurring in any given market. We utilize a variety of algorithms to
find specific geometric ratio wave patterns that have favorable risk to reward projected movements. Most of our trades are harmonic patterns and ideal symmetry
elliott waves in the tradition of H.M. Gartley, Larry Pesavento, Ross Beck, Scott Carney, R.N. Elliot, Ian Copsey & Bryce Gilmore. We blend all the best nuances that
we have studied and thoroughly tested from each of the noted analysts and have also developed some proprietary tools of our own for trade qualification, entry
and management. In terms of Elliot Wave theory we analyze waves in isolation for our primary trading time periods (daily & weekly). We dont believe in the
subjective nature of manually counting elliott waves but rather only focusing on 5 and 3 wave patterns that have perfect symmetry in regards to time and price. In
essence we focus only on waves we recognize to have high probability fractal structures. Meaning only if specific geometric symmetry is identified we then
investigate for a trade entry point. When the market is creating wave fractals that are not amongst our high probability pattern repertoire no trade is taken or
forecasted.
Common Newsletter Nomenclature
Pattern RankOur proprietary measurement system ranks patterns based on many variables within the internal structure as well as the macro technical environment
(longer term waves & trend). We will highlight these patterns but if the rank is too low we will not recommend a trade.
PRZPotential Reversal Zone, is also defined as our clearly defined level that a pattern must reach / test at least once in order to qualify as a harmonic pattern
Pattern NamesBAT, BUTTERFLY, GARTLEY, GARFLY, CYPHER, SHARK, ALT BAT, CRAB, DEEP CRAB These labels refer to specific harmonic 5 point fractal structures
that appear in the markets. Please refer to the USER GUIDE here > http://aetheranalytics.com/images/AetherConspectusUserGuide.pdf or full specifics and details
for each pattern
Detrended OscillatorOne of the only 2 indicators we will refer to in our charts is the Detrended Oscillator this is a proprietary calculation and is very similar to
RVALUE indicator laid out by Mark W. Helweg & David C. Stendahl in there book Dynamic Trading Indicators. We have found this to be a great tool in analyzing the
over extending to the up and downside of a markets normal behavior. It is also very useful for finding divergence point between price and momentum.

Appendix
These standing wave patterns represent the lowest energy vibrational modes of the object or complex system. While there are countless way by which an object
can vibrate (each associated with a specific frequency), objects favor only a few specific modes or patterns of vibrating. The favored modes (patterns) of vibration
are those which result in the highest amplitude vibrations with the least input of energy. -AE
Trade Management
We primarily recommend trades that have a minimum of 3 to 1 risk reward ratio. Initial risk (stop loss) levels we often utilize are (ATR 14, 1.618), (ATR 21, 1.272), (ATR
14, 2.5) (ATR 21, 3.0) from the entry price. Then a trailing stop from the current price is used with the ATR measures previously outlined. Entry technique is the only
somewhat subject process in our trading methodology. Users should always be aware that if a trade risk to reward ratio is less than 3:1 then the entry point, risk point
or minimum targets need to be revised. We always show 2 potential target areas for each trade. Once Target 1 has been reached we recommend at a minimum
putting the trade stop loss at break even. Typically we take 1/2 the position off at Target 1 and trail stops until target 2 is reached or we get stopped out.
Position Sizing
There are many different ways we suggest utilizing position sizing for your portfolio. For the purpose of this newsletter we will simply suggest our confidence rating in
the context of each trade. When we mention Normal position size this is size that you have determined to be most optimal position size for your specific risk
tolerance and trade management style. We will suggest 1/2 (50%) normal or 3/4 (75%) normal for trades we have slightly less confidence in & 6/4 (150%) or 8/4
(200%) for trades we have more confidence in. This is only a suggestion and should only be considered as opinion or commentary from us for each trade. We never
ever recommend betting the farm or going all in in any trade because it surely leads to ruin. One of our favorite Portfolio position sizing formulas that we
recommend is the following:
Percent Volatility Sizing -{ Position Size = (CE * %PE) / SV }- Where CE is the current account equity (NAV of portfolio, %PE is percentage of portfolio equity to
risk per trade (2%, 3% and 4% are recommended), SV is the stocks 14 day ATR

Author Bio
Alex Bernal, CMT
Alex Bernal is a Chartered Market Technician with many years of industry experience in the equity, commodity, currency, interest rate and derivatives markets. Alex
also holds a degree in Economics from the University of Southern California. Alex started his career at the Beverly Hills branch of Bear Stearns & Co. in the wealth
management division. Then in 2007 he moved over to M&N Trading, LLC. where he joined the prop trading desk where he specialized in statistical arbitrage in areas
such as global yield curve spreads and STIR futures. Here he was mentored by Veteran Trader, Anthony Lazzara, who was once the largest 5 year treasuries floor
trader at the Chicago Board of Trade and executed as much as $100 billion in interest rate futures contracts annually. Alex founded Aether Analytics in 2009 with
the intent on providing premier technical analysis research to his clients with a focus only on the methods that have been proven to produce quantifiable edge
through he scientific research process. Aether Analytics deploys an approach that emphasizes on the objective not the subjective and aims to reveal the
repeating market fractal patterns that traders or portfolio manager can utilized to manage risk or speculate for profit.
Alex has also been featured on many prominent news & financial blog networks such as CNBC, Bloomberg, CBOE TV, Fxstreet.com, Seeitmarket.com,
Benzinga.com, MTA.org, Yorba Media Radio & First Business News Network.

Contact
aetheranalytics.com
alex@aetheranalytics.com
+1.805.252.7161
Skype : alexbernal0