“Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, one by one.” – Charles Mackay
There are simply too many interesting charts out there to include in a single blog post but we tried to quickly run through the most interesting ones in our latest video update. If you missed it, make sure you check out our latest weekly outlook video.
The focus today will be on the BOJ, month end flows, the Fed’s SOMA operations and on if Apple can save the day when it releases earnings after market close.
No change to our base-case assumptions as the charts keep on hovering around key pivotal levels: ES @ 2800 and DXY @ 95. Don’t forget to keep and eye on FANG action, USDCNH/GOLD and the bonds post the BOJ presser.
Let’s see how this NQ monthly closes…
Note for active 50Scouts members: *make sure you read our latest update* and keep an eye on your inbox for a free pass to Friday’s daily webinar session (make sure to check your spam folder too).
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.