“Markets can remain irrational longer than you can remain solvent.” – John Maynard Keynes

Keep an eye on bonds, still very heavy. going to be hard for usd to reverse and equities not to take note as long as puke mode continues….

No change to what we discussed in our latest videos > Weekly Outlook Video & NQ Update. We are still working with the same charts we posted yesterday.

As frustrating as intraday action has been lately, we just have to be patient. We are trading at key levels across the board and we just have to wait as the market attempts to get traction. Our base case is still that equities remain in choppy territory with a slightly bearish tilt inside-range (in terms of velocity of move) and that the usd is attempting to put in a short-term top.

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.

Wishing you a great day ahead.