“The key to trading success is emotional discipline. If intelligence were the key, there would be a lot more people making money trading.” – Victor Sperandeo

Heads up for NFP but especially for more headline risk, especially on the tariff front from the US and China, without forgetting the Middle East, Russia, Brexit, NAFTA, Washington-gate, etc…

Markets continue to look tired and especially tech is due for a proper correction. We still feel that there is not enough talk/awareness around how poor liquidity is and as discussed yesterday, we anticipate another ‘no bid’ event in the near future. Once again, we see no edge in trying to hold any risk-on positions through the weekend.

If interested in the Tesla debacle, make sure you check out Elon on the Joe Rogan podcast. It’s actually pretty fascinating even if you are not interested in Tesla per se.

For those interested in the video updates, you can find a list of the content we have covered to date in yesterday’s update.

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.