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MPTrader (www.mptrader.com) is a financial publication. Neither Mike Paulenoff nor the publishers are registered as broker-dealers or investment advisers either with the U.S. Securities and Exchange Commission or with any state securities authority.

Mr. Paulenoff's commentaries and index analysis represent his own opinions and should not be relied upon for purposes of effecting securities transactions or other investing strategies, nor should they be construed as an offer or solicitation of an offer to sell or buy any security. You should not interpret Mr. Paulenoff's opinions as constituting investment advice. Trades mentioned on the site are hypothetical, not actual, positions and Mr. Paulenoff and the publishers of this site do not have personal positions in instruments mentioned on the site.

Hypothetical performance results do not include trading commissions and other execution costs that would be incurred if the trades referenced on the site were actual trades. Past performance is no guarantee of future results.

Mr. Paulenoff and the publishers of this site cannot and do not assess, verify or guarantee the suitability or profitability of any particular investment. The risk of loss in trading index futures can be substantial. You should therefore carefully consider whether such trading is suitable for you in light of your financial condition. You bear responsibility for your own investment research and decisions and should seek the advice of a qualified securities professional before making any investment. As an express condition of using this service and anytime after ending the service, you agree not to hold Mr. Paulenoff nor the publishers of this Web site or their employees liable for trading losses, lost profits or other damages resulting from your use of information in MPTrader in any form (Web-based, email-based, or downloadable software), and you agree to indemnify and hold Mr. Paulenoff, the publishers of this site, and their employees harmless from and against any and all claims, losses, liabilities, costs, and expenses (including but not limited to attorneys' fees) arising from your violation of this agreement. This paragraph is not intended to limit rights available to you or to us that may be available under the federal securities laws.

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