“Patience and perseverance have a magical effect before which difficulties disappear and obstacles vanish.” – John Quincy Adams
A lot is going on and we have done our best to put some context around it in our latest weekly outlook video. Focus continues to be on Asian Equities and Bonds… that’s where your tell is likely going to come from. It’s hard to point to just one thing but if we had too, then it wound clearly be the Bonds.
As we move towards London open, the main thing that stands out is that Japan has not popped following their bank holiday and that both USDJPY and USDCHF are trading very heavy.
Today is going to be extremely important for equities as if the bears are going to keep short-term pressure on; then, today is the day.
Reminder if you are interested in the Foundational Webinar Series > New Session.
As always, there is no substitute for real-time/live action; if you are interested in attending a daily morning call into NY with a more detailed live discussion on all the charts and ideas we highlight/review in the outlook video and here on the blog, you should check out our Daily Webinar Group.