’18 Charts

Chart of the Day

| 50Pips
“Learn to take losses. The most important thing in making money is not letting your losses get out of hand.” – Marty Schwartz
Focus today will be on how China will respond to the latest round of US tariffs and the NFP release. Once again, we feel the market is being extremely complacent about both Geo-political and Geo-economic risk. Don’t forget that there will be significant headline risk both throughout the day and over the weekend.

If you missed the latest video post you can access them here:
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
“Let me give you a tip – moping around like a sad puppy dog isn’t going to help you. Change your attitude. Attitude is the one thing you have total control over and the minute you let doubt, depression or martyrdom creep in, you set yourself up for a long life of mediocrity.” – Jim Wendler
Tariffs, tariffs and more tariffs. You can run but you can’t hide… As long as Asia stays heavy, there is a real risk of downside acceleration across the board.
Today we will go into even more detail not only on the Gold technical picture but also on the seasonality and current swing that is in play.
Don’t forget to keep an eye on USDJPY. Intraday action in this pair is hands-down the most interesting/important dynamic that has been playing out in the markets and (naturally) with Gold, a key piece of the puzzle…
If you missed the latest video post you can access them here:
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
“My strategy works well because it’s my strategy. I know the strengths and, more importantly, the weaknesses of what it is I do. It also works well because I allow it to work and stick with it even when it runs into difficult times. Nothing works well if you keep changing your approach. To be a master you must be a specialist, not a jack of all trades.” – Mark Minervini
Just a reminder that there will be minimal activity here on the Blog and on Twitter until Thursday.

If you missed the latest video post you can access them here:
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 cut all the flowers but you cannot keep Spring from coming.” – Pablo Neruda
Heads.up for end of the week-month-quarter-half year shenanigans. Don’t be surprised if you see some funky action. Furthermore, it will be interesting to see how QT effects the markets on Monday, if recent action is anything to guide us, then one would expect to see a heavy trading day.
Our main focus for today will be on action in Gold both from an intraday and cyclical perspective…
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
“In investing, what is comfortable is rarely profitable.” – Robert Arnott
It’s all about follow-through into month/quarter-end now. Remember that healthy markets don’t move in straight lines and that as traders, we always welcome two-sided action.
Asia continues to trade heavy as the DXY is back in rip higher mode. We have posted some charts on the Twitter feed highlighting that we still have to see a confirmed break of this recent range across all majors… we will know soon enough but we would still be cautious at this point.
If you missed out latest update, you can get up to speed with our Latest Weekly Outlook video.
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 have noticed that everyone who has ever told me that the markets are efficient is poor.” – Larry Hite
Markets continue to trade with a heavy tone as we wait to see month/quarter end flows. There is not much to add to what we have been discussing, we’ll just have to be patient and update our outlook after the close this week. We will continue to highlight key charts that we are focusing on through the Twitter feed today. For now, make sure you keep an eye on GOLD.
If you missed out latest update, you can get up to speed with our Latest Weekly Outlook video.
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 revolution seems impossible at the beginning, and after it happens, it was inevitable.” – Bill Ayers
As we have been discussing, markets have been very complacent in pricing in recent policy shifts and geo-political risk. It finally looks like markets are starting to re-price and despite the fact that a little pause in the recent action would be healthy, we suspect these moves still have some room to run. If you missed out latest update, you can get up to speed with our Latest Weekly Outlook video. Don’t forget it’s month-end / quarter-end and a QT week. Monthly candles will be interesting across the board. We’ll start to review and discuss this in detail as of today…

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
“Experience is what you got when you didn’t get what you wanted.” – Howard Marks
Some interesting moves are trying to get some traction and following these recent daily closes attention will now turn to not only how we close the week but more importantly, how we close the month/quarter. Our focus today will be on discussing current trade locations, possible swings and what to expect into the summer months.
As we discussed in yesterday’s post, markets will do what they have to do but it is clear that these divergences will not continue Ad Infinitum. Remember that some of these relationship are really out of whack and that if yesterday’s moves get traction, they may have quite a bit of room to move and they may do so in a very aggressive fashion. Don’t forget the DXY and keep an eye on the NQ weekly close…

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
“In theory there is no difference between theory and practice. In practice there is.” – Yogi Berra
Not a lot has changed from what we discussed this in our Latest Weekly Outlook. Markets continue to grind out recent moves but something seems to be a bit off.
Today’s chart is far from being one of our best efforts but it is key for highlighting the current dynamics and dislocations. Broadly speaking FX land seems to be in wait and see mode as Techs and Smalls Caps seem to be completely ignoring geo-political developments and tensions along with recent policy shifts.
Markets will do what they have to do but it is clear that these divergences will not continue Ad Infinitum.

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.