Chart of the Day

“I believe the very best money is made at the market turns. Everyone says you get killed trying to pick tops and bottoms and you make all your money by playing the trend in the middle. Well for twelve years I have been missing the meat in the middle but I have made a lot of money at tops and bottoms.” – Paul Tudor Jones

One of the most interesting charts/dynamics to keep an eye on is the relationship between stocks and crude. In today’s webinar we will discuss why this is so important in the current context for: inflation expectations, Fed policy and the shale industry among other things. It’s key to understand what is going on here, not only for the bigger swing moves but also for intraday trading.
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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