Into FOMC

“If you understand, things are just as they are; if you do not understand, things are just as they are.” – Zen Proverb
It could end up being an interesting day as markets digest election results out of Alabama and the upcoming FOMC press conference. It still looks like the price action is very fragile and volumes continue to be anemic. It is what it is but it doesn’t make it any less frustrating… it does continue to look like it’s going to boil down to headline risk.
Watch action around the 152 mark on ZBs as Yellen takes the stage for the final time:

It’s that time of the year again… as we go into FOMC, you may want to keep in mind gold action these past years around these December meetings and January seasonality. As usual, we will be discussing this in detail, along with how swingers are going to be looking to structure positions in today’s session.

Don’t forget to keep an eye on the Crude and DXY weekly charts:

As always, there is no substitute for real-time/live action; if you are interested in attending a daily morning call into NY with a more detailed live discussion on all the charts and ideas we highlight/review in the outlook video and here on the blog, you should check out our Daily Webinar Group.

Charts in Focus

“Things are as they are. Looking out into the universe at night, we make no comparisons between right and wrong stars, nor between well and badly arranged constellations.” – Alan Watts
As discussed in our latest weekly outlook video, the theme of the week is patience until we get into the Wednesday/Thursday Central Bank window. Here are some of the charts we are focusing on:
  • How long can the self-reinforcing virtuous VIX selling continue…
  • 1250 mark remains pivotal for momo & flows + potential range shift on GC
  • DXY waiting for the Fed. Remember, what matters is how market reacts to the decision…
As always, there is no substitute for real-time/live action; if you are interested in attending a daily morning call into NY with a more detailed live discussion on all the charts and ideas we highlight/review in the outlook video and here on the blog, you should check out our Daily Webinar Group.

Forex & Futures Outlook | 10/12/2017

As always, there is no substitute for real-time/live action; if you are interested in attending a daily morning call into NY with a more detailed live discussion on all the charts and ideas we highlight/review in the outlook video and here on the blog, you should check out our Daily Webinar Group.

Floored

ZOOM IN ON S&P 500

As always, there is no substitute for real-time/live action; if you are interested in attending a daily morning call into NY with a more detailed live discussion on all the charts and ideas we highlight/review in the outlook video and here on the blog, you should check out our Daily Webinar Group.

Mid-Week Update

“In the history of the financial markets, arrogance has destroyed far more capital than stupidity.” – Jason Trennert
Reminder: bigger picture discussed in out latest weekly outlook video and supporting charts posted on Twitter feed.
As always, there is no substitute for real-time/live action; if you are interested in attending a daily morning call into NY with a more detailed live discussion on all the charts and ideas we highlight/review in the outlook video and here on the blog, you should check out our Daily Webinar Group.

Focus still on Tech

“Without numbers, there are no odds and no probabilities; without odds and probabilities, the only way to deal with risk is to appeal to the gods and the fates. Without numbers, risk is wholly a matter of gut.” – Peter L. Bernstein
Will try and post a morning call tomorrow, will keep it short and simple today.
As discussed once again in our weekly outlook video, our focus has been and remains on tech. The bears manage to inflict some decent damage to a lot of the names… still just a flesh wound but with clear potential to accelerate to the downside in an aggressive manner. As far as the other indices are concerned, it’s all about the negative daily closes, if the highs hold, the Trump/Tax run could be done in the buy the rumor sell the news scenario we have been discussing.
Furthermore, staying with the buy the rumor sell the news theme; don’t forget to keep an eye on CL.
Make sure you keep an eye on URA this week as it is starting to look more and more constructive.
As always, there is no substitute for real-time/live action; if you are interested in attending a daily morning call into NY with a more detailed live discussion on all the charts and ideas we highlight/review in the outlook video and here on the blog, you should check out our Daily Webinar Group.

Forex & Futures Outlook | 03/12/2017

As always, there is no substitute for real-time/live action; if you are interested in attending a daily morning call into NY with a more detailed live discussion on all the charts and ideas we highlight/review in the outlook video and here on the blog, you should check out our Daily Webinar Group.

Morning Call

“As long as the music is playing, you’ve got to get up and dance.” – Chuck Prince
As always, there is no substitute for real-time/live action; if you are interested in attending a daily morning call into NY with a more detailed live discussion on all the charts and ideas we highlight/review in the outlook video and here on the blog, you should check out our Daily Webinar Group.