Thursday, December 14, 2017
Please log in below to (remember that all login information is case sensitive):

Lost Password?
Not a client yet?
Please contact us for more information about gaining access to the
exclusive section of MPTonline.

These features are reserved for Clients of MPT - Login required

Hardcopy Research: last shipped December 6, 2017
Online Research:

Strategist updated a/o 12/06/2017
updated a/o 12/08/2017
File Downloads Weekly >> updated a/o 12/08/2017
File Downloads Monthly >> updated a/o 12/01/2017

Media: 02/07/2012: 2011 Top Performers

08/16/2011: 6 stocks insiders are snapping up


MPT Newsroom

WEEKLY RESEARCH: Weekly Insider Data and Commentary files were last updated on Sunday, December 10th, with data as of the Friday, December 8th SEC closeout. Please review your Commentary File for particulars. The Insider portion of the Workbook section of the Website was populated with new weekly data and e-mail versions were distributed as well. (Data for all companies, and broad strategy commentary highlights) The Insider Commentary file of the past weekend includes an updated, thumbnail Strategic view of the Markets from the top-down perspective of all models. The MPT Top Down View remains Bearish at "-2", this week.  On a price performance basis, at the ETF Sector level, Industrials and Consumer Staples, did best last week. Energy, and Utilities weakened.  The Markets cannot be viewed as a singular snapshot, but are instead a dynamic, moving picture. Employing MPT research to follow and anticipate the most probable trend features and changes is an important aspect of the research.

MONTHLY RESEARCH: The December 2017 edition of Market Profile Theorems was run based on the data close-out of Friday, December 1st, 2017. Your specific monthly data files were pushed to you on Sunday, December 3rd, 2017.  WEB site data (Workbook section) were available Sunday at 11PM, and included refreshed Probability Plots, Screening features, and Files located in the monthly File Download section of the Web-site. The Strategy notebook should have arrived on Thursday, December 7th. If you did not receive your files, or the notebook by the dates indicated, please contact us.  Reach us by e-mail or call 206-890-6789 if you wish to schedule a conference call in December.

GENERAL COMMENTARY: Style closed November with no clear Capitalization score and a Value bias.  The December asset allocation projection again carries a no clear Capitalization preference and a Value tilt.  MPT bottom-up model performance, relative to the S&P 500, was excellent over the November period.  All Trailing 12-month returns continue to beat the S&P for Green Book screens.  The aggregate top-down model remains Bearish at "-2," this week, but the Technical model improved, but remains Bearish at "-3."  The trend of the Top-down Earnings model pulled back a bit, but remains above consolidation at +7.99.  It continues our positive view on Earnings, and the expectation of higher than estimated earnings and GDP numbers for the remainder of 2017.  The first release of Q3 GDP came in at 3% - above expectations.  This makes 2 successive Quarters of 3% GDP - the last time this evolved was Q2 and 3 of 2014.  GDPNOW lowered its Q4 estimate last week to +2.9%.  Yields were higher, with spreads dropping slightly to 58 bp (2 to 10 year). The overall downward trend in GDP bottomed as of Q1, 2017, and continues to improve  (consistent with the improvement in our Earnings model), but alarmingly high valuations continue present for equities.  See the weekly Insider Commentaries, and the monthly Strategist, (Green Book) for further details and interpretation.  The weaker Dollar, is a short-term positive for the economy - and in particular Large-cap Multinationals.  Gold was hammered lower to close at $1248.40.  However we continue to see it as both a short and long-term buy.  (Year-end target is lowered to $1310.)

The Market Cycle, in terms of MPT's "Market Clock," remains at 10:30.  This Bull cycle has closed. Please see the current weekend's Commentary, as this has important implications for the Equity Markets. Insider, and the Summary model, will drive performance going forward.

Top-Down Review: Our expected price range for the S&P 500 in 2017 was again Bearish at the start of 2017 with a high of 2300, low of 1560, and a close of 1950. The high projection was clearly broken.

In The News



Market Profile Theorems Inc. (MPT) is a leading provider of quantitative investment research, specializing in the area of style management relating to US Equities. The company's primary client base consists of premier institutional money managers and plan sponsors. In 1989 MPT established its headquarters in Seattle, Washington and has since opened a satellite office in Bonita Springs, Florida, USA.


The cornerstone of MPT's success is its ability to build and nurture client relationships. MPTonline is a further example of the company's desire to communicate effectively and efficiently with existing and future clients. While we continue to provide the traditional forms of communication via color hardcopy materials, WinMPT (the Company's windows based application), facsimile, teleconferencing and timely in-person visits, MPTonline provides our customers with yet another delivery option.



Mr. Painchaud is a Founder/Principal of Market Profile Theorems, Inc. and also serves as the Managing Director of Research. Mr. Painchaud has thirty-one years of research experience, which includes Editor and Publisher of Market Timing Profiles, an Investment Newsletter. As Director of CASE Research for Daiwa Securities America Inc., he was responsible for the creation and production of equity research products distributed to the U.S., Canada and Japan. He has extensive experience in the fields of systems design, product development and production, and has been a member of the Association for Investment Management & Research, and the Scholarship program in place at its Seattle chapter, since 1990.


Mr. Brooks is a Founder/Principal of Market Profile Theorems Inc., a Seattle, WA company that provides Quantitative Investment Research, particularly in the area of "Style Management", to major Institutional Money Managers and Plan Sponsors. Including the founding of Market Profile Theorems in 1989, Mr. Brooks has thirty-six years experience in providing investment research to institutional Money Managers and Plan Sponsors. In July 1993, Mr. Brooks was the only research provider in the United States invited to testify before the US House of Representatives Subcommittee for "soft dollars", the so called "Markey hearings". In addition, he has given numerous speeches nationwide on this subject. Mr. Brooks presented a position paper for Alternative Quantitative Approaches to Long Short Strategies at the Market-Neutral Investment Strategies Conference. Excerpts from this presentation were included in a book published in April 1996 by Irwin Press as part of their Asset Allocation Series for Institutional Investors.

Copyright ©2003 Market Profile Theorems, Inc. All rights reserved.

The data contained in this report were taken from statistical services, reports in our possession, and from other sources. The opinions and estimates expressed are our own, and we make no representation either as to the accuracy or as to the existence of other facts or interpretations which might be significant. The information herein was gathered from responsible sources but we cannot guarantee its accuracy or completeness. We may from time to time have a position in the securities described in this report and may buy or sell such securities.