Stocks are down after a Turkish F-16 downed a Russian warplane. ZeroHedge reports further, “Moments ago a big black geopolitical swan landed when newswires lit up with headlines that a Turkish F-16 shot down what was initially said to be an unidentified warplane near the Syrian border after it violated Turkey's airspace on Tuesday, a Turkish military official said, but the nationality of the downed aircraft was not immediately clear.”

Later this morning, a Russian search helicopter was downed by an anti-tank missile.

The Premarket shows that SPX is beneath its Short-term support at 2079.02, triggering an aggressive sell signal. Once it declines beneath the 200-day Moving Average at 2065.05 the sell signal is confirmed.

The VIX futures are right at 16.43, its mid-Cycle resistance and sell signal trigger.

TNX broke through its Short-term support at 22.60and is now on a confirmed sell signal. USB and UST are on confirmed buy signals.

USD is pulling back from yesterday’s high and the Euro and Yen seem to be building a base from which to rally, The Yen is the only currency that has made a clear reversal signal so far. The Yen made its low on November 18, day 252 of its Master Cycle and the Euro appears to have done so yesterday, on day 255 of its Master Cycle. The USD is due for its Master Cycle low on December 1, unless it extends.

Will we see some fireworks at the open? It appears probable.

Regards,

Tony

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As a State Registered Investment Advisor, The Practical Investor (TPI) manages private client investment portfolios using a proprietary investment strategy created by Chief Investment Officer Tony Cherniawski. Throughout 2000-01, when many investors felt the pain of double digit market losses, TPI successfully navigated the choppy investment waters, creating a profit for our private investment clients. With a focus on preserving assets and capitalizing on opportunities, TPI clients benefited greatly from the TPI strategies, allowing them to stay on track with their life goals

Disclaimer: The content in this article is written for educational and informational purposes only. There is no offer or recommendation to buy or sell any security and no information contained here should be interpreted or construed as investment advice. Do you own due diligence as the information in this article is the opinion of Anthony M. Cherniawski and subject to change without notice.

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