’17 Thought of the Day

Run, YM, Run!

| 50Pips
“Difficulties strengthen the mind, as labor does the body.”
Seneca
We all know what trying to pick tops and bottom is far from the ideal way to build a solid long-term track record but it would also be foolish to ignore these extended levels and not be focused on opportunity or at very least, keep an ear open for when it comes knocking at the door.

ym

Let’s Go Live

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“Good luck is what happens when preparation meets opportunity, bad luck is what happens when lack of preparation meets a challenge.”
– Paul Krugman
Markets are busy trying to digest the Presidential address to the joint session of Congress. We’ll try to take a first stab at understanding what opportunities may be shaping up in our favorite way; LIVE.
I have just opened a webinar room for a brief open access Live Morning Call. Everyone is welcome to attend, please feel free to share the link. We’ll be kicking things off in about 10/15m > Enter 50’s Room

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Waiting for Trump

| 50Pips
“It’s not because things are difficult that we dare not venture. It’s because we dare not venture that they are difficult.”
– Seneca
As we have already discussed, short-term, it’s all about this address to the joint session of Congress. Focus will be of positioning and squaring into and post the session taking place during the o/n session. Could be sporty to say the least…
On the currency side, apart from the the general DXY dynamics, we remain focused on GBP and BREXIT implications.

ymgbpusd

Inflection Point?

| 50Pips
“That men do not learn very much from the lessons of history is the most important of all the lessons that history has to teach.”
– Aldous Huxley
Once again, it’s all about President Trump. The key focus this week is going to be on the Tuesday address to the joint session of Congress. We’ll have to see how he navigates this and how the markets decide to react and follow-through. Attached are some interesting charts we’ll be stalking.

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The First Cracks?

| 50Pips
“If you are not willing to risk the usual, you will have to settle for the ordinary.”
– Jim Rohn
If you missed our latest weekly outlook , you can access it here > Video Outlook
The market will have to start to rethink the relentlessness of this rally as Conway and Mnuchin deliver more realistic commentary on the pace of reforms. As we have been discussing into 2017, bonds and gold were our preferred play to focus on this inevitable development. Nothing has to happen but we remain focused on  the Russell and on the NASDAQ for signs of the first cracks.

nq

 

 

Let’s Go Live

| 50Pips
“Some people succeed because they are destined to, but most people succeed because they are determined to.”
– Henry Van Dyke
If you missed our latest weekly outlook , you can access it here > Video Outlook
The key focus following the digestion/interpretation of the ‘Fairly Soon’ FOMC Meeting Minutes will continue to be how the market decides to price risk and position into/through what President Trump has called a ‘Massive Tax Plan’. No doubt a lot to consider and digest in the not too distant future…
I have just opened a webinar room for a brief open access Live Morning Call. Everyone is welcome to attend, please feel free to share the link. We’ll be kicking things off in about 10/15m > Enter 50’s Room
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Morning Roundup

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“We are too much accustomed to attribute to a single cause that which is the product of several, and the majority of our controversies come from that.”- Marcus Aurelius
If you missed out latest weekly outlook , you can access it here > Video Outlook
All eyes will be on the FOMC meeting minutes. We keep on being reminded that markets can remain irrational longer than one can remain solvent but that’s doesn’t mean irrational forever. Market forces will do what they have to do but don’t be surprised when the change of pace will come. Remember that it’s not a question of ‘if’ but simply a question of ‘when’.

vix

Morning Roundup

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“Very often a change of self is needed more than a change of scene.”
– Arthur Christopher Benson
If you missed out latest weekly outlook , you can access it here > Video Outlook
The main focus for today will be to see how equity flows move following the low liquidity holiday ramp. Attached are the two main swing charts we have been discussing.

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Morning Roundup

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“The grass is greener where you water it.”
– Neil Barringham
Quick Link > Latest Video Outlook

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