“Fill your bowl to the brim and it will spill. Keep sharpening your knife and it will blunt. Chase after money and security and your heart will never unclench. Care about people’s approval and you will be their prisoner. Do your work, then step back. The only path to serenity.” – Lao Tzu
Here are some of the charts we will be reviewing and discussing today:
Crude still under pressure and into KEY support > CL_F Daily
Dollar still looking for direction into this sloppy resistance zone > DXY Weekly
Germany still not looking pretty. Swing in play and we have now given back 2 years of free money stimulus > DAX Weekly
As discussed Tech broke back in July with Netflix and the repricing is in play > NQ_F Daily
The Generals did a very good job at paving the way to the upside, so it’s only natural that they do the same to the downside > FANG Daily
Still stuck inside the yearly range and no change in outlook; we expect yearly lows to be revisited > SPX Daily
As we have been discussing since 2017, Junk is really painting an ugly picture. ignore at your own peril > JNK Weekly
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.
We will be enjoying a 4 day weekend and will be back for the last trading week of the month on Monday.
Wishing you a great day and Thanksgiving break ahead.