Chart of the Day

“Experience is what you got when you didn’t get what you wanted.” – Howard Marks
Some interesting moves are trying to get some traction and following these recent daily closes attention will now turn to not only how we close the week but more importantly, how we close the month/quarter. Our focus today will be on discussing current trade locations, possible swings and what to expect into the summer months.
As we discussed in yesterday’s post, markets will do what they have to do but it is clear that these divergences will not continue Ad Infinitum. Remember that some of these relationship are really out of whack and that if yesterday’s moves get traction, they may have quite a bit of room to move and they may do so in a very aggressive fashion. Don’t forget the DXY and keep an eye on the NQ weekly close…

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.

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