DXY Update

“Never be bullied into silence. Never allow yourself to be made a victim. Accept no one’s definition of your life; define yourself.” – Harvey Fierstein

As discussed in yesterday’s post and webinar session, DXY remains the chart of the day and the most important dynamic in markets. Keep an eye on how we trade around this 98 mark and how moves off this level will translate in all the other asset classes: indices, bonds, commodities and fx. We cannot stress enough how important this is for positioning and swing opportunities across the board.
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.

Chart of the Day

“Every debt is ultimately paid, if not by the debtor, then eventually by the creditor.” – James Grant

In today’s session we are going to be focusing on action in the DXY and what this means for possible trades setting up not only in the FX complex but also in the Bonds and Commodities.
No change in outlook on indices: ES Update Video.
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.

Key Charts

“Beware those who seek constant crowds for they are nothing alone.” – Charles Bukowski

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.

Chart of the Day

“I will not allow yesterday’s success to lull me into today’s complacency, for this is the greatest foundation for failure.” – Og Mandino

We have been discussing our latest view on the markets and the overall high level of complacency on twitter, so please don’t hesitate to scroll back on our feed there if interested in this discussion.
Again, it’s not a question of ‘if’, it’s just a question of ‘when’ China retaliates, especially after recent developments with Huawei. We will be discussing this in detail in today’s session, along with new opportunities that may be setting up in the FX space. No change to our outlook on equities.
ICYMI, here is our latest video post discussing ES / overview on equities:
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.

ES Update

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.

Chart of the Day

“It is the last straw that breaks the camel’s back.” – Charles Dickens

We can’t stress enough how important this chart is:
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.

Key Charts

“We are at a wonderful ball where the champagne sparkles in every glass and soft laughter falls upon the summer air. We know at some moment the black horsemen will come shattering through the terrace doors wreaking vengeance and scattering the survivors,” he continued. “Those who leave early are saved, but the ball is so splendid no one wants to leave while there is still time. So everybody keeps asking — what time is it? But none of the clocks have hands.” – George Goodman (aka Adam Smith), “The Money Game”

Here are some of the key charts we will be discussing on today’s webinar session:
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.

How we look at charts

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.

SPY Context

“To only praise your success and fail to learn from your mistakes , separates the educated amateur from the professional.” – Bruce Lee

Remember that from a bigger picture timing model perspective, we are getting closer to ‘flip the switch’ decisions having to be taken. We will discuss this in more detail in today’s webinar session.
No change to our bigger picture view but we would still like to remind readers that playing for markets to move in straight lines, is not a long term repeatable strategy.
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.