Chart of the Day

“I’m not telling you it’s going to be easy – I’m telling you it’s going to be worth it.” – Art Williams

As we wait to see how indices manage to negotiate the earnings season, today’s focus will be on the DXY. We will be updating our view and management of our EURO seasonal swing play and discussing new opportunities that may be shaping up in USDJPY and USDCHF.
We continue to reiterate that we feel that markets are at maximum complacency and that even if the dancing will continue as long as the music is playing, things are not going to be pretty once the music stops. To be clear, we are not talking about end of the world scenarios but simple markets going temporarily no bid after these low liquidity ramps across the board.
We would continue to keep a close eye on DIS, GS, TSLA, NFLX and BA on top of the usual suspects.
For newer readers, it’s always worth catching up on our Trading Reflections post.
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.

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