“Kites rise highest against the wind, not with it.” – Winston Churchill

In case you missed it, here is our latest > Weekly Outlook Video.

As expected we got our month-end ramp up so no big surprise. What is interesting, is how markets stalled into the close and at key inflection points. Remember that it’s all about AAPL earnings now… as everyone is looking for the usual ramp and up and away, Bulls better hope that there are no surprises or soft number/guidance as that could really ruin the party into Mid-Terms. We will review and discuss this in detail again today.

They other key dynamic to keep an eye on is the DXY. As discussed, eyes on the weekly close and how we trade into Monday. After yesterday’s deep dive into this we will continue to discuss recent action and dedicate the new video update to current levels, implications, what we expect and the various scenarios moving ahead. Remember that if you are not paying attention to CNH, as we have been repeatedly discussing, then you are likely making it harder than it should be and not really paying attention.

Note for active 50Scouts members: *make sure you read out 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).

If you are interested in a more structured way of tackling the business of trading, attending a live daily morning call or a more detailed discussion on the charts we post / trade ideas, don’t hesitate to check out our Premium content.