’18 Charts

Charts of the Day

| 50Pips
“Fill your bowl to the brim and it will spill. Keep sharpening your knife and it will blunt. Chase after money and security and your heart will never unclench. Care about people’s approval and you will be their prisoner. Do your work, then step back. The only path to serenity.” – Lao Tzu
If you missed it, you can take a look at our > Latest Weekly Outlook Video.
Here are some of the charts we will be reviewing and discussing today:
  • Crude still under pressure and into KEY support > CL_F Daily
  • Dollar still looking for direction into this sloppy resistance zone > DXY Weekly
  • Germany still not looking pretty. Swing in play and we have now given back 2 years of free money stimulus > DAX Weekly
  • As discussed Tech broke back in July with Netflix and the repricing is in play > NQ_F Daily
  • The Generals did a very good job at paving the way to the upside, so it’s only natural that they do the same to the downside > FANG Daily
  • Still stuck inside the yearly range and no change in outlook; we expect yearly lows to be revisited > SPX Daily
  • As we have been discussing since 2017, Junk is really painting an ugly picture. ignore at your own peril > JNK Weekly
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.
We will be enjoying a 4 day weekend and will be back for the last trading week of the month on Monday.
Wishing you a great day and Thanksgiving break ahead.

Charts of the Day

| 50Pips
“Don’t judge each day by the harvest you reap but by the seeds you plant.” – Robert Louis Stevenson
Here are 3 of the key weekly charts that were the focus of our outlook video and key for this shortened holiday trading week. Remember that trading conditions will likely be thin in the coming days with continued headline risk.
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

| 50Pips
“Read books. Care about things. Get excited. Try not to be too down on yourself. Enjoy the ever present game of knowing.” – Hank Green
Here we go, once again, talking about post-earnings follow-through on a tech name earnings miss and lowered guidance (NVDA). As we have repeatedly said since NFLX broke back in July; we have seen as good as it gets in this cycle and the market will have to reprice. As ludicrous as it may have seemed to newer participants, we discussed the fact that we expected most of these names to give back up to 50% of their price… nothing new if you are a student of markets and price history.
We would like to remind readers that we expect a lot of volatility and continued two-sided action into year-end and well into 2019. We are at key inflection points across the board with a lot of overlapping dynamics in play > equity repricing, rates, usd, cnh, crude, etc… As always, it is important to try and take advantage of the opportunities that the markets are presenting but it is also important to understand the nature of the current context and to adapt to the new environment. One can’t simply trade it as if we were still in the low vol equity grind higher regime. Furthermore, don’t forget that we are likely going to continue to get the usual fake tape-bombs, especially if markets continue to trade heavy… again, these tactics usually end in tears.
If you missed it, you might be interested in watching our 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.

Charts of the Day

| 50Pips
“And yes, you should lose, and I know I can lose and should lose, it’s just a question of quantity. If you lose more than you should have done, that’s when you get into trouble. It’s a lack of discipline in sticking to what you decided you were going to do that causes difficulties. A lot of traders don’t focus on their targets and fail to block out emotions like hope,  fear and greed.” – David Kyte
Key inflection points across the board as we continue to experience good conditions for traders. Here are some of the Key Charts that we will be focusing on and reviewing today.
If you missed it, you might be interested in watching our 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.

 

Follow FANG

| 50Pips
“If you want to know what a man is really like, take notice of how he acts when he loses money.” – Simone Weil
Not a lot has changed as we move into the new week of trade. The key themes remain:
– Have equities bottomed and has the year-end rally started or are we in the early stages of a more pronounced bear market?
– Have we seen enough pain in the Oil market and is the unwind over?
– Is King Dollar back and is the strong dollar going to ‘break the world’?
We’ve tackled all these topics and more in the recent Outlook Video and will continue to focus on them this week in the charts we post here on the blog.
Don’t forget to continue to keep and eye on action in USDCNH, the EURUSD affair with the 1.13 mark and GOLD around the 1200.
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

| 50Pips
“You should sit in meditation for twenty minutes a day, unless you are too busy. Then you should sit for an hour.” – Zen Proverb
Here is a selection of key charts that we will be discussing and focusing on today:

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 FOMC

| 50Pips
“Those who cannot change their minds cannot change anything” -George Bernard Shaw
Going into FOMC and the end of the week, focus is going to be on if markets can hold the bounce and close the week strong.
Recent moves have been pretty impressive, especially if you look at them in the context of the price action we saw in October. We have essentially gone back to the usual low volume ramps fueled by the usual suspects in the FAANG+ club. However, this still does not change the fact that, under the surface, fundamentals, data and guidance continues to deteriorate.
As already discussed, as far as the bulls are concerned, October lows mark the bottom of the recent correction and the start of the end of year Christmas rally and as far as the bears are concerned, the velocity and context of the corrections we saw in February and October points to the fact that something is broken under the hood at that we are in the process of starting a much bigger correction.
We will review recent moves and our outlook going forwards in the webinar today and will focus on manage current swing trades in aussie, kiwi and euro in the video update.
In case you missed it, you can always go through our 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.

Focus on Pivotal Levels

| 50Pips
“If you would hit the mark, you must aim a little above it; every arrow that flies feels the attraction of earth.” – Henry Wadsworth Longfellow
Busy week ahead with US Mid-Terms Election, RBA, RBNZ and FOMC. As headline risk remains very high, the focus will be on how we close the week with respect to those 200DMAs and the 50Back retracements of the recent moves from the all time highs. Remember to keep an eye on USDCNH, and the weekly chop zones on DXY and therefore the Euro.

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

| 50Pips
“Beware those who seek constant crowds for they are nothing alone.” – Charles Bukowski
Busy day as we will have to deal with o/n China Deal news, AAPL post earnings shenanigans and NFP.
Not much has changed to what we have been discussing this week. If interested, just scroll back through recent posts and charts.
Here are some of the key dynamics to focus on today:

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.