’18 Charts

Chart of the Day

| 50Pips
“When we strive to become better than we are, everything around us becomes better too.” – Paulo Coelho
All about the central bank bonanza in terms of even risk today. Heads up for comments out of Sintra and therefore the chart of the day has to be DXY. We already discussed this in detail in our Latest Weekly Outlook.
As far as we are concerned, equities are just buying time. We still maintain that markets are extremely complacent here at highs and that internals are not pointing to healthy action. This does not mean they can’t go higher but it looks like we are slowly setting up for another ugly event (continue to keep an eye on Asia).
Don’t forget that the OPEC circus is still on-going and that the wires will be buzzing with developments out of Vienna…

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.
Wishing you a great day ahead.

Chart of the Day

| 50Pips
“Complacency is a state of mind that exists only in retrospective: it has to be shattered before being ascertained.” – Vladimir Nabokov
If you missed our latest video, you check it out here > Latest Weekly Outlook.
Today we will discuss liquidity, complacency and what this mean for the markets, along with the current broader ranges we are trading in. Once again, the Shanghai Composite is not looking pretty and has now gone full ‘knife through butter’ at that magical 3000 mark.
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.
Wishing you a great day ahead.

Chart of the Day

| 50Pips
“Every morning in Africa a gazelle wakes up and knows that it must run faster than the fastest lion or it will be killed. Every morning a lion wakes up and knows that it must run faster than the slowest gazelle or it will starve to death. It doesn’t matter whether you are the lion or the gazelle, when the sun comes up, you better start running.” – African Proverb
The main even risk for today and into the weekend remains on Trump and the apparent announcement of $50 billion in tariffs on China. Talk is of immediate retaliation too. If announced post market close, then we could be in for a sporty Sunday open. Don’t forget that we’ll also likely start to get bombarded with headline flow from the Central Bankers Sintra Meetting.
Today we will focus on what yesterday’s DXY move means in terms of the bigger picture: emerging markets, commodities, Asian focus and more…
Note for active 50Scouts members: *make sure you read out latest update* and keep an eye on your inbox for a free pass to Friday’s daily webinar session (make sure to check your spam folder too).
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.
Wishing you a great day ahead.

Chart of the Day

| 50Pips
“Reality is that which when you stop believing in it, it doesn’t go away.” – Philip K. Dick
As we sit through this low liquidity chop waiting for the Central Banks to enlighten us on their next course of action, focus will remain on where we close not on where we trade intra-week. Don’t make it harder than it should be by trying to read too much into the drive-by ramps and dumps.
No change to what we discussed in the latest Weekly Outlook Video. Remember that all-in-all, the ECB has a bigger chance of catching markets off-sides. Don’t forget to keep an eye on the wires for Oil headlines as we head into a key OPEC meeting next week. We’ll be discussing this in more and more detail as we get closer to the date.
We’re not huge fans of single-stock names but one can’t help but wonder if, especially after yesterday’s shenanigans, reality is catching up with Tesla and if we have just seen a significant swing high print.
Note for active 50Scouts members: *make sure you read out latest update* and keep an eye on your inbox for a free pass to Friday’s daily webinar session (make sure to check your spam folder too).
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.
Wishing you a great day ahead.

Chart of the Day

| 50Pips
“Patience is not simply the ability to wait – it’s how we behave when we’re waiting.” – Joyce Meyer
No big change to what we discussed in the latest Weekly Outlook Video. It’s just a waiting game into FOMC / ECB and BOJ. As frustrating as it may be, we just have to be patient and understand that opportunity will likely be staked towards the back end of the week and our focus should be on the where we close the week.

Note for active 50Scouts members: *make sure you read out latest update* and keep an eye on your inbox for a free pass to Friday’s daily webinar session (make sure to check your spam folder too).
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.
Wishing you a great day ahead.

Chart of the Day

| 50Pips
“You can’t get much done in life if you only work on the days when you feel good.” – Jerry West
If you missed our latest video update, you can see it here > Weekly Outlook.
As equities continue to grind higher à la 2017, one can’t help having the the feeling that ‘yes, this could be setting up an epic melt-up’ but also that there is no way that this is going to end well. We’ll just have ti wait and see…
In the meantime, the most interesting dynamic that has set-up a few tradable swings that are currently in play, remains the current DXY retracement.
Today we will be discussing the intraday dynamics we have seen playing out on Gold, Silver, Yen and Swissy.
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.
Wishing you a great day ahead.

Chart of the Day

| 50Pips
“The four most dangerous words in investing are: ‘this time it’s different’.” – John Templeton
If you missed our latest video update, you can see it here > Weekly Outlook.
Keep an eye on the Twitter Feed for a number of interesting charts. Apart from the majors, we are closely watching developments in GS, FB, DB, Gold and Silver just to mention e few.
One of the most interesting charts to keep an eye out on is the DXY. Today’s we will be reviewing the latest range and what this latest failure at highs means for all of the other rotations and swings that are currently in play. Markets remain choppy and thin so we have to be very nimble but we could be on the cusp of some very interesting moves…
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.
Wishing you a great day ahead.

Chart of the Day

| 50Pips
“I’m not hunting a jaguar that’s sitting in the tree because there are not a lot of easy ways to rustle it out of the tree. A lot of bad things can happen: The jaguar can attack me and I can fall down and get hurt. But if someone shoots the Jaguar out of the tree and the thing hits the ground and is injured I will go after it.” – Marc Cohodes
Today we’ll be focusing on discussing and updating our outlook/swings on one of the most important relationships we should be keeping an eye out on: GC and Yen.
As discussed on twitter, in terms of broader context, remember what we have on the calendar next week on top of the usual data release > UK parliament Brexit vote, Trump meeting with Kim (not Kanye’s wife), FOMC, ECB, BOJ…
If you missed our latest video update, you can see it here > Weekly Outlook.
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.
Wishing you a great day ahead.

Chart of the Day

| 50Pips
“Every day you may make progress. Every step may be fruitful. Yet there will stretch out before you an ever-lengthening, ever-ascending, ever-improving path. You know you will never get to the end of the journey. But this, so far from discouraging, only adds to the joy and glory of the climb.” – Sir Winston Churchill
Details on the bigger picture into month-end were discussed in our: Latest Weekly Outlook Video. Furthermore, if you missed it, you can also watch our Looking at the Euro update too.
Today we’ll be discussing financials and more specifically GS. Remember that on top of NFP, as we move into the weekend, we still have a lot of headline risk building (Italy, Spain, Tariffs, DB etc..).
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.
Wishing you a great day ahead.