Charts of the Week

“As a trader, you have to decide what is more important-being right or making money-because the two are not always compatible or consistent with one another” – Mark Douglas

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Wishing you a great day ahead.

Quad-Witching Friday

“In many ways the technical analyst is like a hunter tracking game, understanding that investors leave footprints, and those footprints are visible through the price patterns, volume flows, and other data presented in the charts.” – Jeff deGraaf

No change to what we discussed yesterday as we remain at key inflection points across the board. our main focus will be on how prices close for the week and set-up for the remainder of the month. We expect to see volatility pick up once we get through Quad-Witching and will be reviewing current setups and what we expect to be the next swing moves in today’s webinar.
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Wishing you a great day ahead.

Chart of the Day

“As the bull market goes on, people who take great risks achieve great rewards, seemingly without punishment. It’s like crime without punishment or sex without sin.” – Ron Chernow

We’ll stick with our call that the bulk of the Friday bottom and ramp into Quad-Witching was going to be done by close of business yesterday. Naturally, this could continue to ramp but our base-case is that there is little edge chasing this after this +5% squeeze. EYES on how we trade around this 78.6% level on the NQ.
As always heads-up for more headlines risk out of Washington, CHina, London, Boeing and OPEc.
If you missed out latest thinking, you can always catch up on it > HERE.
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.

Mid-Week Update

“We had a field day before anyone knew anything about shorting. It was almost a license to steal. Nowadays, it’s a license to get hosed.” – Julian Robertson

No change to the latest video, our outlook remains the same as we wait to get through Quad-Witching on Friday. If you missed it, we would take the time to go through it as we review the major asset classes, recent moves and what to expect this week.
If you have never had the pleasure, we would recommend taking the time to listen to RObert Frey and his talk “180 Years of Market Drawdowns”.
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Wishing you a great day ahead.

Outlook Video

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Chart of the Day

“Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, one by one.” – Charles MacKay

As usual, we will be opening up free access to out latest Weekly Outlook Video tomorrow but in the meantime, don’t forget to keep an eye on Boeing; one of the Poster Children of the seemingly endless ramp. Caveat Emptor…
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Wishing you a great day ahead.

Into NFP

“Many can talk the talk but few can translate this into a decent track-record… the basics are, pretty basic but practice is more tricky. If this rings true for you, you might want to focus more on understanding bet size and how that effects the translation of your edge. Obsessing about entry and triggers, all things being equal, is probably the least important aspect yet very few ever get this. Remember that if you get your bet size wrong, you could end up with a negative p&l even with a guaranteed mathematical edge.” – Trading Reflections

A lot of key developments as we move into NFP and the end of the week. Among many things to focus on: Indices closes around our key pivotal levels and the 200DMAs, Euro close above/below the 1.12 mark and the overall change of pace. Don’t forget we have Opex next week but more on that in due time…
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.

Chart of the Day

“I like putting all my eggs in one basket and then watching the basket very carefully.” – Stanley Druckenmiller

Keep an eye on our Twitter Feed today for an update on some of the Key Charts we have been discussing for a while now.
As far as the biggest event risk on the calendar today, all eyes will be on Super Mario and the Euro > We are still hovering at a key inflection point and we will discuss the various scenarios and outlooks in today’s webinar session.
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.

Eyes on the Russell

“There is no place for arrogance or complacency in racing because you are up there one minute and on your backside the next.” – Tony McCoy

Here are some of the charts we will be discussing and reviewing in today’s webinar. Needless to say, as already discussed, the key one to watch is the Russell. We remain at a key inflection point with a lot of complacency and headline risk.
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.