Monday Morning Update

“The price pattern reminds you that every movement of importance is but a repetition of similar price movements, that just as soon as you can familiarize yourself with the actions of the past, you will be able to anticipate and act correctly and profitably upon forthcoming movements.” – Jesse Livermore

Here are 3 key charts to keep an eye on into the new week. Non-Subscribers will get more detail on these when we unlock access to the Weekly Outlook Video tomorrow.
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 week ahead.

Additional Chart-Book Content

“Time is more valuable than money. You can get more money, but you cannot get more time.” – Jim Rohn

Here are some of the charts from our chart-book that subscribers have inquired about:
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 weekend ahead.

Post FOMC Chart Update

“I find it fascinating that most people plan their vacations with better care than they do their lives.  Perhaps that is because escape is easier than change. “ – Jim Rohn

Here are some of the charts we will be discussing and reviewing today in the webinar session. Will also try to update some extra ones on the Twitter Feed.
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.

FOMC, Apple and Tesla

“Life is accumulative – Either our errors accumulate to what we don’t get, or our wise decisions accumulate into what we do get.” – Jim Rohn

As we wait for the FOMC, focus will be on how AAPL trades and closes the day from what will probably be a gap up open. Remember, it’s not how we ‘open’ but rather how we ‘close’ the day that matters. We still feel that there is a lot of complacency, hope and FOMO out there and suspect that these participants will get a wake-up call in the near future.
As a reminder, here is our bigger picture view on AAPL > no change to our outlook or levels.
We’ve had a lot of questions on what our preferred risk-off positioning is, especially in light of the ramps we have been seeing in equities and the subsequent difficulty in holding aggressive shorts there. As always, there are various way to tackle this like sizing or expressing the view through different derivative strategies but for the purpose of this post, we will reiterate that out favorite way to play this theme is through USDJPY. We’ll go through an in-depth discussion of this in today’s video update.
Remember to get your popcorn and favorite beverage of choice out for Tesla earnings out after the bell today; as always, should be very interesting to seen what Elon decides to pull out of his hat!
bigger picture view, discussed in our latest Outlook Video:
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.

Weekly Outlook Video

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.

Into Tech, FOMC and NFP Week

“The open doors of opportunity are all around you, but they won’t do you much good unless you learn to see them and recognize when to walk through them. “ – Jim Rohn

Key week shaping up as we: we start to get into the main part of this earnings cycle, await this next FOMC meeting and welcome the end of the government shutdown and the return of data releases.
We have gone into a lot more detail in the Weekly Outlook Video but suffice to say that, these next two weeks are going to be extremely important for the markets. In short, for the bears to get the most traction, we believe that they have to make a move here as if the can’t come back in full force before the end of the Buyback Blackout Period, then, shorter-term, the bulls will have an ideal chance to take a proper stab to press back into the 2800s.
Another key dynamic we have been discussing ad focusing on is the DXY. We would strongly recommend that you continue to keep a close eye on intraday action in USDCNH, especially if you are active in the metals markets.
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.

Charts of the Day

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Wishing you a great day ahead.

Chart of the Day

“If you calmly observe, you will more clearly see situations for what they really are.” – Brahma Kumaris

Apart from the usual headline risk out of Washington, today’s focus will be on Super Mario and the ECB. Remember, that what really matters is how we close the day.
We’ll be discussing the DXY in detail today, especially how it relates to the current swing moves that are in play and new ones that may be setting up. Clearly, Cable is at a key inflection point.
No change in outlook on the indices side, moves are in play and we are eagerly awaiting tech earnings.
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

“My lesson from Soros is to start every meeting at my boutique by convincing everyone that we are a bunch of idiots who know nothing and are mistake-prone, but happen to be endowed with the rare privilege of knowing it.” – Nassim Nicholas Taleb

Most will be focused on daily action around the 50DMA across the board as most charts are hovering around key inflection points. Sadly, shorter-term, technicals may need to take a bit of a backseat as action will likely continue to be dictated by headline risk.
As previously discussed, in terms of intraday action, we would continue to keep a very close eye on how credit and oil are trading (with and without headlines).
Our current view and thinking is highlighted in the latest Weekly Outlook Video.
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.