“The game of speculation is the most uniformly fascinating game in the world. But it is not a game for the stupid, the mentally lazy, the man of inferior emotional balance, nor for the get-rich-quick adventurer. They will die poor.” – Jesse Livermore

Wednesday, December 5, 2018 has been declared a National Day of Mourning in commemoration of the death of President George H.W. Bush. Remember that many exchanges, including U.S. stock and bond markets, will be closed for trading.

If you missed it, we would recommend going through our recent post where he highlighted some of the charts and dynamics that are on our radar.

We have attached 3 of the key graphs and moves we have been talking about and remember that we sill have to get through NFP this week. Furthermore, we fully expect to see what is likely going to be a lot more drama out of Washington.

Our base case has not changed, we are still looking for equity and ultimately dollar weakness (current thinking). Naturally, if key levels break, we will be very quick to revise and possible reverse course of action. As always, it’s all about price.

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.

Wishing you a great day ahead.